Biglaw

Today's A Great Day For Some Biglaw Associate Raises

Check out the latest firm to get on the good ship associate raises.

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It seems like such a long time ago that Milbank shocked the world of Biglaw and raised salaries — we were so much younger and innocent then. But in reality, it’s only been 10 days, but the matches (and those that’ve come over the top) have been much slower than in previous salary wars. But with the addition of Simpson Thacher special bonuses and Cravath coming over the top for senior associates, the market has seemingly (finally) coalesced around the Milbank/Simpson/Cravath scale.

Now the deluge of raise announcements can begin in earnest.

The latest firm to get on the good ship associate raises is Willkie Farr. With these raises (and bonuses), the firm is placing itself at the top of the Biglaw pile. And they matched early enough in the process that associates are happy, but not so early they’re market leaders or at risk of being outdone by prevailing market forces.

If you haven’t memorized the new compensation scale (what are you waiting for?), this is the payday Willkie associates can expect come July:

With appreciation for your hard work and commitment to service, effective July 1, we are increasing the salary scale for our U.S. associates.

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
Class of 2010 – $340,000
Seniors – $350,000

In addition, we are pleased to announce the following bonuses for associates:

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
Class of 2011 — $25,000
Class of 2010 and senior — $25,000

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.

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!

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(Read the full memo from the firm on the next page.)

headshotKathryn 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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