Another Firm Matches Cravath

Keep the raises rolling.

onJune 14, 2016 at 10:17 AM

suitcase full of money After a blistering evening of 10 salary bumps all announced after 5 p.m., this morning gets off to a rollicking start with a Biglaw mainstay announcing raises just as associates stroll in the door.

Fried Frank has matched the Cravath scale in its New York and D.C. offices (which are, of course, its only U.S. offices). The scale runs up to Class of 2007 receiving $325K, placing Fried Frank on the happy end of the ’07/$325K vs. ’08/$315K debate. That’s fitting because Fried Frank is very much on the “nice” list when it comes to associate compensation, having offered the most hardworking associates bonuses up to $20,000 above the Cravath scale last year.

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Summers are of course receiving the bump too. Have we focused yet on how f**king nuts tax day 2017 will be for these summers? That’s when all that money they got taxed upon assuming an annual salary of $180K starts coming back because they made only $60K for the year. Enjoy your splurging.

Remember, when your firm matches, please text us (646-820-8477) or email us (subject line: “[Firm Name] Matches Cravath”). Please include the memo if available. You can take a photo of the memo and send it via text or email if you don’t want to forward the original PDF or Word file.

Joe Patrice is an editor at Above the Law and co-host of Thinking Like A Lawyer. Feel free to email any tips, questions, or comments. Follow him on Twitter if you’re interested in law, politics, and a healthy dose of college sports news.