All Aboard! Another Top 50 Biglaw Firm Hops On The Milbank Money Train
Choo-choo! Make way for more money!
It’s an action-packed day for the legal profession when a Supreme Court justice announces his imminent retirement, but the Milbank money train stops for no one. Yet another Biglaw firm has decided to adopt the soon-to-be prevailing salary scale for its associates.
Earlier today, Winston & Strawn — a firm that brought in $981,223,000 gross revenue in 2020, placing it at No. 45 on the most recent Am Law 100 — announced that it would be matching Milbank. Here’s the salary scale that should look quite familiar to associates by now:
|
Class Year |
Prior Salary Scale |
New Salary Scale |
|
2021 |
$205,000 |
$215,000 |
|
2020 |
$215,000 |
$225,000 |
|
2019 |
$240,000 |
$250,000 |
|
2018 |
$275,000 |
$285,000 |
|
2017 |
$305,000 |
$325,000 |
|
2016 |
$330,000 |
$350,000 |
|
2015 |
$350,000 |
$370,000 |
|
2014+ |
$365,000 |
$385,000 |
Because the firm’s fiscal year begins on February 1, base salaries for U.S. associates in good standing will be increased on that date.
Congratulations to everyone at the firm!
(Flip to the next page to read the full memo from Winston & Strawn.)
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] Matches Milbank”). 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 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.
