An Early Adopter Of The Milbank Scale Finally Comes Around To Announce Cravath Raises For Associates
Better late than never!
Now that Cravath has announced its salary scale and umpteen firms have already matched, others that announced salary increases in the early days of the 2022 raise race are finally coming around to meet the prevailing market standard.
One of those firms is Choate Hall & Stewart, a firm that took in $274,746,000 in gross revenue in 2020, making it #119 on the Am Law 200. Yesterday afternoon, the firm notified associates that they will be receiving Cravath-level salaries. If you recall, the firm matched Milbank back in mid-February.
This is what the new salary scale looks like at Choate:
Congratulations to everyone at the firm!
(Flip to the next page to see the memo from Choate.)
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 Cravath”). 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.
