Davis Polk Responds To The New Associate Compensation Scale
More money ahead!
There was a brief, shining moment when Davis Polk & Wardwell ruled the Biglaw compensation world, when they not only gave associates raises but came over the top of the Milbank scale. But what’s good for the goose is good for the gander, and Cravath came over the top of that DPW scale earlier this week.
So how would DPW respond to no longer being the clubhouse leader?
Well, yesterday the firm announced they were matching the Cravath scale. Which is good news for those midlevel and senior associates who will see some extra cash with this new comp grid.
The new scale is as follows:
Like the last round of raises, these increases are retroactive to January 1. 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).
