Biglaw Salary War Is Really Heating Up With Top 50 Firm's Announcement
Big money is making its way through Biglaw.
(Image via Getty)
Wow, Davis Polk really knows how to get a compensation party started. A month after Milbank announced their 2022 raises, DPW came over the top — at least for midlevel and senior associates — and now Biglaw firms are falling over themselves matching this new standard.
The latest firm to announce raises is Willkie Farr, a firm that made $986,000,000 in gross revenue in 2020, making it #44 on the Am Law 100. As expected, they’ve matched the compensation grid set by DPW yesterday.
In case you haven’t yet memorized it, here it is:
These raises will be retroactive to January 1 — the same effective date as the Milbank bump — and will will hit bank accounts on March 15th. 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).
