It’s insane. I was surprised not so much that Cravath did it — but the speed with which the lemmings matched.
— An anonymous managing partner of an Atlanta Biglaw firm, commenting on the race between firms to match the new Cravath salary scale, starting at $180K for first-year associates and ending at $315K for eighth-year associates.
(The Daily Report contacted several leading Atlanta firms, and many of them are still “deciding” what they will do and “assessing” compensation, like Sutherland Asbill and Troutman Sanders. Others, like Morris Manning, Arnall Golden, Bondurant Mixson, and Dentons, say they will “stay competitive with the market, but they are still deciding what that means.” Kilpatrick Townsend did not respond.)
Keeping Law School Accessible When Federal Loans Fall Short
As federal borrowing caps tighten financing options for law students, one organization is stepping in to negotiate the terms they can't secure alone.
Staci Zaretsky is an editor at Above the Law. Feel free to email her with any tips, questions, or comments. Follow her on Twitter or connect with her on LinkedIn.