Money

First Firm Matches The New And Improved Cravath Pay Scale

We are officially in salary war territory.

From: Daniel P. Goldberg
Sent: Tuesday, June 12, 2018 10:44 AM
To: Associates
Subject: New Associate Compensation Scale & Special Bonuses

Further to the Firm’s commitment to pay our associates at the top of the New York market, we are very pleased to announce a new associate salary scale, effective July 1, and special bonuses which will be paid in July.  The new scale and bonuses are as follows:

Class Special Bonus Base Salary
2017 $5,000 $190,000
2016 $7,500 $200,000
2015 $10,000 $220,000
2014 $15,000 $255,000
2013 $20,000 $280,000
2012 $25,000 $305,000
2011 $25,000 $325,000
2010 and above $25,000 $340,000

Associates that have not been with the Firm for the entirety of 2018 will be paid the special bonus on a prorated basis, and Of Counsel and Counsel will receive the highest level of bonus indicated.

We want to thank everyone for their tireless efforts and extraordinary work on behalf of the Firm’s clients, and we count ourselves lucky to have assembled such a team.  Thank you all!

Rick, Mike & Dan

Daniel P. Goldberg

Holwell Shuster & Goldberg LLP

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