New York lawyers are known for starting their day on the later side, strolling in at 10:15 a.m. is nothing out of the ordinary. Well, when Willkie Farr & Gallagher associates began their day today, they pretty quickly received a pleasant surprise.
Yup, at 10:19 a.m. this morning, Willkie became the latest firm to jump on the Cravath scale. And it isn’t just the New York associates getting the good news, folks in the D.C. and Houston offices (which are all of Willkie’s U.S. offices) are getting raises too.
UPDATE (10:58 a.m.): Tipsters note that the summer associates got their share of the love too.
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As a tipster noted:
A little cheer just went up in the hallways.
See, Willkie associates, waiting three days for your cold, hard cash wasn’t really that bad. And now you can have your Willkie button (yes, that was apparently a real phrase in the ’50s, used similarly to the brownie button). It’s a great way to start your Thursday.
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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).