One Of World's Richest Biglaw Firms Finally Adopts New Salary Scale
The firm took its sweet time to make this decision.
Another day, another global firm that’s decided to increase salaries for attorneys across the board. This is a trend that associates will never get tired of hearing about; after all, the only thing that lawyers love more than rankings is money. Which firm is the latest to adopt the prevailing Davis Polk salary scale?
That would be the U.S. branch of Eversheds Sutherland, an international firm that was declared the 10th richest firm in the world in Am Law’s most recent Global 200 ranking. According to a memo sent earlier this week by U.S. CEO Mark Wasserman, compensation changes are on the way for associates:
To reflect our markets and our standing as a premier global firm, we are pleased to announce we will be adjusting our base associate compensation sale for all U.S. offices. Entry level rising to $205,000 with upward adjustments to all level ranges and the Level 3 upper range rising to $350,000.
These changes are effective September 1, 2021 and will be retroactive to July 1, 2021.
The Business Case For AI At Your Law Firm
Associates will have to wait a few months to see the extra cash, but as we keep repeating when it comes firms that are late to enact these salary changes, better late than never. Congratulations!
(Flip to the next page to see the memo from Eversheds Sutherland.)
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.
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
Is The Future Of Law Distributed? Lessons From The Tech Adoption Curve
The Business Case For AI At Your Law Firm
Navigating Financial Success by Avoiding Common Pitfalls and Maximizing Firm Performance
Navigating Financial Success by Avoiding Common Pitfalls and Maximizing Firm Performance
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.
Sponsored
Legal AI: 3 Steps Law Firms Should Take Now
Early Adopters Of Legal AI Gaining Competitive Edge In Marketplace
