Oooh! Ahhh! That’s the sound of associates reading their emails with glee as they learned about the salary increases they’d be receiving from Magic Circle firm Allen & Overy. “Happy that the firm was able to make a relatively quick decision to retain talent and continue to invest in the US office,” said one source.
Associates working at the firm’s offices in Los Angeles, New York, D.C., and São Paulo will receive raises on the Davis Polk scale, like so:
- 2020: $205,000
- 2019: $215,000
- 2018: $240,000
- 2017: $275,000
- 2016: $305,000
- 2015: $330,000
- 2014: $350,000
- 2013: $365,000
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Congratulations to everyone at A&O!
(Flip to the next page to see the full memo from Allen & Overy.)
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Staci Zaretsky is a senior editor at Above the Law, where she’s worked since 2011. She’d love to hear from you, so please feel free to email her with any tips, questions, comments, or critiques. You can follow her on Twitter or connect with her on LinkedIn.