Another Global Firm Matches

Peer pressure mounts!

Hundred Dollar BillThe pressure continues to step up on the Magic Circle firms doddering behind the salary frenzy. Freshfields and Clifford Chance have already taken the plunge, but Allen & Overy and Linklaters are still whistling and looking at the sky hoping no one notices that their peers have raised the stakes.

Well, it’ll be hard to ignore this: a Silver Circle firm has now matched the market. Ashurst, a global behemoth with 27 offices in 16 countries, announced a raise matching the Cravath scale through ’08/$315K. The move portends a continued push to gain ground in the U.S., where Ashurst maintains a small office in New York and a tiny office in Washington (indeed, it’s not entirely clear that the firm even has associates based in its Washington office).

It’s a happy day for Ashurst, and no doubt another day of grumbling for the lagging Magic Circle associates. Perhaps, like in the world of Harry Potter, things are just a bit less magical in America.

You know the drill. 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.

UPDATE (6/17/2016, 11:53 a.m.): We’ve added the memo; see the next page.

Earlier: Magic Circle Firm Matches Cravath Scale
International Firm Brings Its U.S. Associates Up To The New Market


Sponsored

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.

Sponsored


Bonus Time

Enter your email address to sign up for ATL's Bonus & Salary Increase Alerts.