Biglaw Firm Raises Salaries, But $$$ Amount Remains Unclear

At least these associates know raises are coming...

onJune 13, 2016 at 7:22 PMJune 13, 2016 at 7:31 PM

Money Question Baker & McKenzie is raising associate salaries, but hasn’t decided — or maybe just refuses to reveal — what those raises will be.

In an email sent to associates this evening, managing partner Rick Hammett announced that the Baker & McKenzie compensation scale would be raised for all U.S. offices, but left wide open the possibility those raises would be different based on office, as the managing partner for each market will be communicating the dollar amount separately.

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The good news is that raises are coming for Baker associates, and they “will be commensurate with the extensively matched salary level in the legal industry that made the press last week.” We are happy to help hardworking associates get paid whenever we can, and here’s a handy cheat sheet if a managing parter in a specific office seems to be out of touch with what the market is dictating.

We are covering this story as market conditions develop, so please drop us a line — text (646-820-8477) or email (subject line: “[Firm Name] Matches Cravath”) — when you know of another firm making a compensation move. 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. All sources are kept strictly confidential.

Kathryn Rubino is an editor at Above the Law. Feel free to email her with any tips, questions, or comments and follow her on Twitter (@Kathryn1).