Associate Salaries, Biglaw, Money

Don't Just Shame Firms Based On Profits Per Partner -- Consider Leverage

Stop using PPP to shame firms.

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Firms that haven’t raised pay since the Cravath news are marked with an asterisk.

Firm Name Attys to Equity Partner
Wachtell Lipton Rosen & Katz 2.1:1
Kirkland & Ellis 3.7:1
Davis Polk & Wardwell 3.8:1
Sullivan & Cromwell 3.5:1
Paul, Weiss 4.8:1
Cravath, Swaine, & Moore 4.9:1
Simpson Thacher & Bartlett 3.5:1
Gibson, Dunn & Crutcher 2.8:1
Cleary Gottlieb 5.2:1
Skadden 3.4:1
Latham & Watkins LLP 3.5:1
Covington & Burling 2.1:1
Quinn Emanuel 4.8:1
Boies, Schiller & Flexner 4.9:1
Weil Gotshal & Manges 5.2:1
Munger Tolles & Olson ~1.2:1
Debevoise & Plimpton 3.5:1
Sidley Austin LLP 4.4:1
Ropes & Gray LLP 2.6:1
WilmerHale 1.5:1
Jones Day* 1.9:1
Cahill Gordon & Reindel 3.8:1
Arnold & Porter 2.1:1
Wilson Sonsini 4.7:1
Cooley LLP 2.7:1
K&L Gates* 5.7:1
Paul Hastings 3.7:1
McDermott Will & Emery 4.3:1
Morrison & Foerster 2.9:1
Perkins Coie* 3.7:1
Greenberg Traurig* 4.4:1
Shearman & Sterling 3.7:1
Kilpatrick Townsend* 2.6:1
Williams and Connolly ~1.6:1
Mayer Brown 4.5:1
Jenner & Block 3:1
Vinson & Elkins 2.7:1
Fish & Richardson* ~2.3:1
Orrick 4.7:1
Morgan, Lewis & Bockius 4.3:1
O’Melveny 3.2:1
Proskauer 3.3:1
Willkie Farr 4.2:1
Hogan Lovells 3.3:1
Fenwick & West ~2.4:1
Milbank 3.6:1
Irell & Manella 2.2:1
Goodwin Procter 2.8:1
Alston & Bird* 4.3:1
Reed Smith* ~4.4:1

Among the firms that have matched, there’s no discernible trend that I can see from 10,000 feet. Leveraged or not, big players are coughing up the money.

But let’s revisit this when we see changes in recruiting patterns or — and let’s hope this doesn’t come to pass — when we’re all Monday morning quarterbacking this decision after one or more firms start issuing layoffs.

Earlier: ATL Power 100 Law Firm Rankings
NY To $190K: An Addendum On Leverage

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.

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