Top 5 Biglaw Firm Is Here To Give Associates Raises For The Third Time
Exciting news!
As Biglaw firms continue to make it rain during the latest (and perhaps final) round of the 2022 salary wars, associates are keeping their eyes glued to their inboxes, impatiently waiting for their firms to make matches. Now, one of the biggest Biglaw firms of all has entered the scene — for the third time — to give its associates more money.
Baker McKenzie, a firm that brought in $2,899,834,000 gross revenue in 2020, making it the No. 4 firm in the latest Am Law 100 ranking, recently announced that it would be matching Cravath. If you recall, the firm was an early adopter of both the Milbank salary scale that was released in January and the Davis Polk salary scale that was released just last week.
Here’s Baker McKenzie’s new salary scale:
The firm’s salary increases are retroactive to January 1, and associates will see more money in their March 25 paychecks. Congratulations, for the third time!
(Flip to the next page to read the full memo from Baker McKenzie.)
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.
