The First Major Biglaw Firm To Match The New Davis Polk Salary Scale
It's time for more money at this leading law firm.
Well, well, well, it looks like we’ve got our first Davis Polk match. The market is already moving quickly in response to DPW’s move to increase salaries for midlevels and senior associates.
Buckle up, Biglaw, because we’re about to see some match mania.
Back in January, McDermott Will & Emery was the second firm to match Milbank, and last night, just a few short hours after Davis Polk finally made its announcement, the firm stepped up to match the new market standard. Which other firms will be this quick to re-raise or match the compensation leader? We’ll have to wait and see, but we can’t imagine we’ll be waiting too long.
Here’s what the new salary scale looks like at McDermott:
The firm’s re-raise is retroactive to January 1. Congratulations!
(Flip to the next page to read the full memo from McDermott Will & Emery.)
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”). 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.
