While a slew of the biggest Biglaw firms have yet to weigh in on the question of the appropriate associate compensation for 2018, there’s increasing momentum for the Milbank/Simpson/Cravath scale. That’s especially true now that Davis Polk has officially gotten on board with these numbers.
That’s right, drinks are on Davis Polk associates tonight. That’s the latest firm to announce they’re giving raises — and special summer bonuses — for all U.S. associates. That puts the compensation scale at these enviable rates:
How The Law Office Of Stephen L. Thomas Jr. Reclaimed Valuable Hours And Strengthened Client Care With 8am
Founded in 2017, the Baltimore-based Law Office of Stephen L. Thomas Jr. unified case management, communication, and payments with 8am—saving 10–20 hours a week for clients, trials, and growth.
This season of salary raises has been more volatile then usual, but it seems — at least for the elite Biglaw firms — there’s consensus growing around these numbers. It remains to be seen how salaries will shake out in those firms outside the Am Law 50 (excepting, of course, select elite boutiques).
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How LexisNexis State Net Uses Gen AI To Tame Gov’t Data
Its new features transform how you can track and analyze the more than 200,000 bills, regulations, and other measures set to be introduced this year.
(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).