Biglaw Firm Demonstrates Its Commitment To Paying The Top Of The Market

A second round of raises at the firm.

The money power / Businessman flying in the sky thanks to these wings of moneyThe danger (well, let’s be honest, danger is a wild over statement, particularly as a war rages in Europe) of quickly announcing raises when the market moves is that you may have to issue a second round of raises if another competitor comes over the top.

That’s what happened to Fried Frank. The firm was quick to match the Milbank raises last month. But then Davis Polk came over the top, well, at least for midlevel and senior associates. And they are matching yet again.

The new salary scale at Fried Frank is as follows:

Screen Shot 2022-02-25 at 10.35.54 AM

The re-raises will also be retroactive to January 1. Read the full memo on the next page.

*** Wondering if the grass is greener on the in-house side? Click here for a look inside the black box of corporate counsel pay in our 2021 In-House Compensation Report. ***

Remember everyone, we depend on your tips to stay on top of important bonus updates, 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.

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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).


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