Biglaw Firm Showers Associates With Cold, Hard Cash
Another firm gets aboard the raise train.
Good news is fairly difficult to come by these days. So kudos to Akin Gump for giving some welcome news to their associates.
Of course the firm, with its $1,208,738,000 in gross revenue and fancy 33rd Am Law ranking, told associates that they too would be sharing in the wave of raises that is sweeping Biglaw.
That means some pretty big salary numbers for Akin associates, as per the salary grid below:
| Class Year | Salary |
| 2014+ | $396,500 |
| 2015 | $381,000 |
| 2016 | $360,500 |
| 2017 | $335,000 |
| 2018 | $293,500 |
| 2019 | $250,000 |
| 2020 | $225,000 |
| 2021 | $215,000 |
The increases are retroactive to January 1 and will hit associates’ bank accounts with their March 31 paycheck.
You can read the full memo on the next page.
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Kathryn Rubino is a Senior Editor at Above the Law, 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).
