Biglaw

Biglaw Firm Raises Salaries Because They Know It's The Only Way To Keep Good Associates

It's all about the talent pool.

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Here’s what we know: the associate lateral market is fire, Biglaw is already trying special bonuses to keep the associates they have while simultaneously enticing new ones, and elite Biglaw firms are also raising salaries for associates. Given these facts, it only makes sense that raises will ripple through Biglaw as part of a battle for legal talent.

This is all something leadership at Sheppard Mullin knows. It was even explicitly acknowledged in the firm’s memo announcing associate raises: “Remaining competitive in attracting and retaining talented Associates is a critical part of [providing value and service to our clients] endeavor.” So, effective July 1, the below scale is what associates there will be making.

You can read the full memo on the next page.

Remember everyone, 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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