Biglaw

Biglaw Firms Gets In On The Associate Raise Game -- PLUS -- Bonus News

Associate raises are still happening!

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Though the powers that be at McKool Smith haven’t come forward with an announcement of lockstep associate raises or bonuses, that doesn’t mean the attorneys there are stuck in the old salary scale forever. According to tipsters at the firm, the individual notifications went out at the firm and most people seem very pleased.

Based on our information, the annual end-of-year bonuses are in line (at least on average) with the bonus scale set by Cravath last month. But the really exciting news is that the firm is moving to the new $190K salary scale that became all the rage during this summer’s salary wars. And those raises will be retroactive to July 1, meaning associates will get a lump sum payment — styled as a special bonus — that makes up the difference between their old salaries and the new scale.

That’s some great holiday news indeed!

Please help us help you when it comes to bonus news at other firms. As soon as your firm’s bonus memo comes out, please email it to us (subject line: “[Firm Name] Bonus”) or text us (646-820-8477). 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, 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.

headshotKathryn Rubino is a Senior Editor at Above the Law, and host of The Jabot podcast. 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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