Another Biglaw Firm Decides They're Ready To Join The Compensation Big League
It looks like the tide may be turning and we'll see even more firms increase associate compensation.
The more Biglaw firms that get onboard with the latest and greatest associate compensation grid, the more that will follow. It’s like a pebble rolling downhill — that shit’s gonna pick up steam. That’s why everyone at firms that haven’t announced raises should be cheering for the good folks at Akin Gump, because the powers that be have just announced raises.
For those of you that may have, somehow forgotten what that scale looks like, let’s refresh your memory:
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And they’ll also be taking home special bonuses, consistent with the prevailing market rate:
It has taken longer for this year’s Biglaw salary bump to be matched by the market than 2016. Back then, after nearly 10 years without a raise, firms all across the country were quick to pony up the money. In 2018, raises are taking longer, but it looks like the tide may be turning and we’ll see even more firms increase associate compensation.
Remember everyone, we depend on your tips to stay on top of this stuff. So when your firm matches, please text us (646-820-8477) or email us (subject line: “[Firm Name] Raises Salaries”). 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.
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And if you’d like to sign up for ATL’s Bonus Alerts (which is the alert list we’ll also use for salary announcements), please scroll down and enter your email address in the box below this post. If you previously signed up for the bonus alerts, you don’t need to do anything. You’ll receive an email notification within minutes of each bonus announcement that we publish. Thanks!
(Read the full memo from the firm on the next page.)
Kathryn Rubino is an editor at Above the Law. AtL tipsters are the best, so please connect with her. Feel free to email her with any tips, questions, or comments and follow her on Twitter (@Kathryn1).
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