Back Of The Pack No More: Biglaw Firm Increases Associate Salaries
This firm isn't at the bottom anymore
Way back in the 1990s, Akin Gump was at the very bottom of Biglaw associate compensation. But they aren’t at the bottom anymore. The firm just announced they are moving to the rarified air of MoneyLaw, increasing their associates’ salaries by $20,000-$35,000, depending on class year.
Akin Gump has moved to the full Cravath scale in all U.S. offices as well as in London, Hong Kong, Abu Dhabi and Dubai. The class of 2016 and summer associates will also be seeing a bigger payday.
Law Firm Business Development Is More Than Relationship Building
Congratulations Akin Gump, you clearly aren’t the same firm you were in the ’90s.
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).
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Law Firm Business Development Is More Than Relationship Building
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