Another Biglaw Firm Is Showing Associates Their Cravath Cash

Money, money, money!

happy woman pumping fists ecstatic celebrates success under a money rain falling downOne by one, Biglaw firms are rushing in to match Cravath’s new salary scale, and the latest firm to do so is Boies Schiller Flexner. If your firm hasn’t matched yet, now seems to be the time.

In an email to associates, BSF’s management confirmed their commitment to staying on top of market compensation. That means associates will be making between $215,000 and $415,000, depending on class year, as base pay for associates in good standing. Here’s Boies Schiller’s new scale:

Class Salary Effective January 1, 2022
2021 $215,000
2020 $225,000
2019 $250,000
2018 $295,000
2017 $345,000
2016 $370,000
2015 $400,000
2014+ $415,000

Those associates who have remained on the firm’s formula compensation system — which is directly proportional to a lawyer’s work and originations, and often results in higher-than-market compensation — will see an adjustment in their salaries compared to the new salary scale as well. New associates may elect formula compensation, as opposed to market compensation, if they so choose.

This new salary scale is effective as of January 1, 2022, and associates will see the cash in their upcoming paychecks. Congratulations to everyone at the firm!

(Flip to the next page to see the full memo from Boies Schiller.)

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 Milbank”). 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.

And if you’d like to sign up for ATL’s Bonus Alerts (which is the alert list we’ll also use for salary announcements), please scroll down and enter your email address in the box below this post. If you previously signed up for the bonus alerts, you don’t need to do anything. You’ll receive an email notification within minutes of each bonus announcement that we publish.


Staci ZaretskyStaci 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.


Bonus Time

Enter your email address to sign up for ATL's Bonus & Salary Increase Alerts.