Biglaw

Biglaw Firm Proves They're Serious About The Lateral Market With $205K In Associate Compensation

Beaucoup bucks for associates!

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(Image via Getty)

Davis Polk just loves coming over the top of set compensation numbers, don’t they? So really we shouldn’t be surprised they decided to gum up the works earlier today and announced a new, more generous salary scale then the one announced only yesterday by Milbank.

With these new numbers out there, it sort of begged the question: which firms would match the DPW scale? Well folks, we’re starting to get our answer. This afternoon, Lowenstein Sandler announced they are raising associate compensation, and have hitched their star to the Davis Polk wagon, effective July 1st.

Technically the firm said the class of 2020 would be raised to $205,000, and other classes wold get a corresponding increase in base compensation. But regardless, associates have to be feeling pretty good about the firm right about now.

You can read the firm’s full announcement on the next page.

You may not always think of Lowenstein when it comes to early compensation leaders, but the firm *did* say they were serious about the lateral market. What better way to project that fact than making a quick statement on compensation? Strap in for a big-money summer in Biglaw.

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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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