Top 5 Biglaw Firm Makes It Rain On Associates With $215K Milbank Salary Match
Money, money, money! Biglaw associates will see lots of it this winter.
Associates at Biglaw firms that weren’t among the first to match Milbank’s new salary scale certainly had a long weekend — even associates at some of the wealthiest law firms in the country. Luckily, one of our nation’s Biglaw behemoths just came through for its U.S. associates.
Baker McKenzie, a firm that brought in $2,899,834,000 gross revenue in 2020, making it the No. 4 firm in the latest Am Law 100 ranking, announced today that it would be matching the new prevailing salary scale. The firm matched the moment Davis Polk one-upped Milbank during the last round of raises, and this time, took the weekend to let the dust to settle before matching.
Here’s Baker McKenzie’s new salary scale:
The firm’s salary increases are retroactive to January 1, and associates will see more money in their February 11 paychecks. Congratulations to everyone!
(Flip to the next page to see the full memo from Baker McKenzie.)
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.
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.
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.
