First Biglaw Firm Matches The New Milbank Salary Scale
They're sticking to their commitment to be at the top of the compensation market.
C
adwalader is here for the new salary scale!
It was only this morning that Milbank announced they were upping the stakes in the battle for the hearts and minds (and billable hours) of associates by increasing the compensation scale by an impressive $10,000 to $20,000, depending on class year. Now Cadwalader announced they will be matching that new compensation grid. And as multiple Above the Law tipsters noted, folks at the firm are pretty jazzed at how quickly they issued the match.
The new salary scale at Cadwalader is as follows:
| Class | Old Salary | New Salary |
| Class of 2021 | $205K | $215K |
| Class of 2020 | $215K | $225K |
| Class of 2019 | $240K | $250K |
| Class of 2018 | $275K | $285K |
| Class of 2017 | $305K | $325K |
| Class of 2016 | $330K | $350K |
| Class of 2015 | $350K | $370K |
| Class of 2014+ | $365K | $385K |
And the raises will be retroactive to January 1.
The full email is available on the next page.
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