Well, well, well. Looks like the moniker “NY to 180” really will have to be changed to “Biglaw to 180.” Chicago-based Biglaw powerhouse Mayer Brown has moved to the Cravath compensation scale for all U.S. offices.
Though it is still headquartered in Chi-town, and that remains the firm’s largest office, it isn’t a slouch in New York. The Big Apple outpost boasts more than 200 lawyers, and it looks like the salary wars that started in New York have spurred this firm into action.
As per the firm’s memo, the raises apply to summer associates and the class of 2016, and they are effective July 1 — all of which are aligned with market trends.
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I guess this makes associates happy enough to get over the embarrassment of partner Tyrone Fahner writing a letter in support of admitted child molester, and longest-serving Republican Speaker of the House, Dennis Hastert.
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.
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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).