Biglaw

Associates Are Kings For A Day With New Raises

The wait for raises is over at another firm!

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At King & Spalding associates have been patiently wait (and counsel still are) for word that the firm would ante up the cash for raises. After all, with over a billion dollars in gross revenue last year ($1,529,418,000 to be exact) and ranking 21st on the Am Law 100, K&S sure seems like the kind of elite firm that will match market compensation.

Well, today the wait ended.

In a firmwide email, Chair Robert D. Hays announced that partner-track associates would be getting raises, and yes, they’re moving to the Davis Polk scale effective July 1:

You can read the full memo on the next page.

And remember, 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”). 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.

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Kathryn 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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