New York To $190K -- No, Cravath Didn't Make The First Move
The next associate salary war is beginning.
Subject: 2018 Salary Increase
MEMORANDUM TO ASSOCIATES
In recognition of your dedication and hard work on behalf of our clients and the Firm, The Executive Committee is pleased to announce that the Firm is increasing base salaries effective July 1, 2018.
How Generative AI Will Improve Legal Service Delivery
The new salary scale is as follows:
Classes 2018/2017 $190,000
Class 2016 $200,000
Class 2015 $220,000
Sponsored
Profit Powerhouse: Elevating Law Firm Financial Performance
Early Adopters Of Legal AI Gaining Competitive Edge In Marketplace
How Generative AI Will Improve Legal Service Delivery
Legal AI: 3 Steps Law Firms Should Take Now
Class 2014 $250,000
Class 2013 $275,000
Class 2012 $295,000
Class 2011 $315,000
Class 2010 $330,000
Sponsored
Legal AI: 3 Steps Law Firms Should Take Now
This AI-Powered Document Tool Will Meet You Where You Are
Summer Associate salaries will also be increased to match the first year associate salary, effective July 1, 2018. Salary increases for Specials will be determined on an individual basis and communicated separately.
Thank you for your invaluable efforts that contribute to our continued success.
Scott A. Edelman
__________________________
The Executive Committee | Milbank