Biglaw

Top 10 Firm Gets On Board With Associate Raises

Big money is raining through Biglaw.

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Buckle up — today’s going be a busy day in Biglaw.

See, last night the good folks at Cravath finally announced associate raises, after Milbank announced associate raises last Thursday and then Davis Polk came over the top of those numbers. Meaning the market seems to have coalesced around the new $205,000 standard.

So, the latest firm to get on board is Morgan, Lewis & Bockius. The firm made $2,446,000,000 in gross revenue in 2020, making it 7th on the latest Am Law 100 ranking, and they’re flexing their financial muscles to show it. In a firmwide voicemail, it was announced associate compensation will move to the scale set by Davis Polk last week. New salaries, effective July 1, will range from $205,000 for the class of 2020 to $365,000 for the class of 2013.

Congrats to the hardworking associates on their raises!

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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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