Skaddenfreude: The Cravath Memo

If you were hoping that Cravath was going to up the ante for associate base salaries, we’re sorry to disappoint you. As reported last week in the comments, CSM basically matched the Simpson Thacher scale (after a bit of a delay; perhaps they were deliberating about besting the market).
For your reading pleasure, here’s the official pay raise memorandum from Cravath, Swaine & Moore, which went around on Friday afternoon:

Earlier: Previous announcements of law firm associate salary increases (scroll down through “Skaddenfreude” archives)

Sponsored