It’s August and we’re still hearing about Biglaw raises. This time it’s Foley & Lardner, who apparently made the move to paying its first-year associates $190K.
Foley, who clocks in at 54th on Am Law’s gross revenue tally, informed young associates in major markets that they’ll be moving up to the Milbank/Cravath pay scale. Unfortunately, we’re not quite clear on what happens to the elder associates. There’s no firmwide memo out there, so we only know about this raise based on individualized memos we’ve heard about.
Still, it must be a relief for Foley & Lardner associates who’ve been waiting nervously after seeing Foley Hoag hand out raises forcing the firm to keep up with the Foleys.
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If you have more insight on what the firm’s giving to more senior attorneys, let us know and we’ll update this post accordingly.
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Joe Patrice is an editor at Above the Law and co-host of Thinking Like A Lawyer. Feel free to email any tips, questions, or comments. Follow him on Twitter if you’re interested in law, politics, and a healthy dose of college sports news.