It's Time For More Money At This Top 50 Biglaw Firm
Associates love when it's cash o'clock.
Did your firm match the Cravath scale yet? How about the Davis Polk scale or the Milbank scale? If your firm has matched either of the prior salary scales, there’s a high likelihood that Cravath cash will soon be headed your way, so just try your best to be patient.
Associates at Dechert — which came in at No. 37 in the most recent Am Law 100 after taking home $1,071,163,000 gross revenue in 2020 — no longer need to be patient. Earlier this week, the firm announced a Cravath match. If you recall, the firm announced a Davis Polk match back in February. Here’s what associates can expect their compensation to look like (retroactive to January):
Raises for counsel are still on a case-by-case basis at the firm. How is your firm handling salary increases for counsel? Please let us know so these attorneys aren’t kept in the dark.
One again, congratulations to everyone at Dechert!
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.
