Let The Good(win) Times Roll For These Associates Getting Raises

Another Biglaw firm joins the $190K scale.

Associate Salary Increases
In recognition of your significant, ongoing contributions to Goodwin’s collective success, the Management Committee is pleased to announce that the firm is increasing associate base salaries in our U.S. offices as follows:

 

Class of 2017 $190,000
Class of 2016 $200,000
Class of 2015 $220,000
Class of 2014 $255,000
Class of 2013 $280,000
Class of 2012 $305,000
Class of 2011+ $325,000

The increase will be effective July 1, 2018 and will be retroactively reflected in the July 25, 2018paychecks. Summer associate salaries will be increased to $3,650 per week effective July 1, 2018 as well. We will continue to pay market salaries to associates in offices outside of the U.S.

We are evaluating the impact of the increase to the associate salary scale on our counsel and other professional track attorneys on a case-by-case basis and expect to communicate the impact individually. Any change to compensation for professional track attorneys will also be effective July 1, 2018.

In addition, we will pay a bonus to associates in our U.S. offices who are in good standing as of July 25, 2018 as follows:

Class of 2017 $5,000
Class of 2016 $7,500
Class of 2015 $10,000
Class of 2014 $15,000
Class of 2013 $20,000
Class of 2012+ $25,000

For this special bonus only, we will use an 1,850 hours threshold and will look at whether you have achieved this target based on your annualized hours for fiscal year 2018 through May 31, 2018. These bonuses will be subject to proration based on start date, part-time and leave arrangements.

Bonuses for counsel and other professional track attorneys will be determined on an individual basis and will be communicated separately.

Please reach out to a member of the Management Committee, Bill Weiss, Chair of the Associate Review Committee, or Heidi Goldstein Shepherd, Chief Human Resources Officer, with any questions.

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