Biglaw

Top-Ranked Firm That Started Spring Special Bonus Craze Raises Salaries

And the Class of 2021 is getting a little wage bump, too.

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One by one, Biglaw firms will inevitably match the new salary scale as the quest to retain and attract talent continues in the hottest lateral market the legal profession has seen in years.

The latest firm to offer increased associate compensation on the Davis Polk scale is a very special one indeed. It’s none other than the firm that got the most recent cycle of special bonuses off and running: Willkie Farr & Gallagher. Here’s what pay will look like at the firm, as of July 1:

  • 2020/2021: $205,000
  • 2019: $215,000
  • 2018: $240,000
  • 2017: $275,000
  • 2016: $305,000
  • 2015: $330,000
  • 2014: $350,000
  • 2013+: $365,000

Note here that Willkie is flipping the switch for its youngest associates by offering a $205,000 salary for the Class of 2021, where as all over firms — including Davis Polk — are offering $202,500. It’s just a bit more, but it can make all the difference in a market where firms are eager to match the highest of salaries for all.

Congratulations to everyone at the firm!

(Flip to the next page to see the full memo from Willkie.)

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] Matches”). 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.

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Staci ZaretskyStaci 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.

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