Want a great way to warm up a cold February day in Biglaw? Well, raises are a sure fire way to warm the cockles of associate hearts.
Paul Hastings, a firm with over a billion dollars in revenue, making it #27 on the Am Law 100, has announced their own raises. And, you guessed it, the elite firm will be matching the prevailing market rate set by Milbank and Davis Polk.
The new associate compensation grid at the firm is as follows:
Associate Salary Scale
| 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 31 and applies to the U.S. and São Paulo offices.
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).