Biglaw

Biglaw Firm Seeks Input Before Raising Associate Salaries

The firm is being mighty transparent about how associate raises happen.

By  
on

Just last month, Dorsey managing partner Bill Stoeri announced that mid-level on up associates in Minneapolis, Salt Lake City, Seattle, and Denver would get between a $10,000 to $15,000 raise. Which, while nice for them, left associates in major markets with nothing and the firm off the DPW scale entirely.

But life comes at you fast in Biglaw.

After Faegre Drinker Biddle announced raises of their own (though below the market standard for mid-to-senior associates) Dorsey… felt they had to respond. But rather than just let associates wonder as the bureaucracy of the Biglaw firm churned out some response to the competition, the firm is including associates in the discussion.

In another email to associates (available in full on the next page), Stoeri reveals that yes, the firm is likely to respond to the market raises with a compensation boost of their own. But the details are not currently set in stone: what are the hour requirements? What does the bonus program look like? Is it lockstep? What hours (pro bono, D&I, etc.) get included in the calculation? So, the firm will be hosting a town hall to get associates involved in charting the firm’s (compensation) future.

Biglaw isn’t known for its openness and transparency. How nice that the firm is taking a step in that direction (and that they’re likely to give associates raises to boot).

Remember, 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.

Sponsored

Kathryn Rubino is a Senior Editor at Above the Law, the host of The Jabot podcast, and co-host of Thinking Like A Lawyer. 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).

Sponsored

1 2Next »
Bonus Time

Enter your email address to sign up for ATL's Bonus & Salary Increase Alerts.

Topics

, , , , ,