Why get a side gig when you can just have your job pay you more money?
I’m sure that thought has crossed the minds of a couple of attorneys working for Shearman & Sterling, a firm that raked in an impressive $861,026,000 gross revenue in 2020. And now that they’ve decided to match Cravath, the associate share of the earnings is gonna grow a bit. Here’s the scale:
| Class | Base Compensation |
| 1st year | $215,000 |
| 2nd year | $225,000 |
| 3rd year | $250,000 |
| 4th year | $295,000 |
| 5th year | $345,000 |
| 6th year | $370,000 |
| 7th year | $400,000 |
| 8th year | $415,000 |
8 Tips For Creating A Comprehensive ‘AI In The Workplace’ Policy
Corporate investment and usage in generative AI technologies continues to accelerate. This article offers eight specific tips to consider when creating an AI usage policy.
Base salaries for counsel will also increase by $50,000.
The monies will be retroactive to January 2nd and should be reflected in paychecks on March 15th.
(Turn to the next page to see the Shearman & Sterling memo.)
The Next Chapter In Legal Tech Innovation: Introducing Protégé™
Meet LexisNexis Protégé™, the new AI assistant that leverages personalization choices controlled by the user or their organization to optimize the individual’s AI experience.
We like hearing about salary increases almost as much as you enjoy spending them. As soon as your firm’s memo comes out, please email it to us (subject line: “[Firm Name] Matches”) or text us (646-820-8477). 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 Salary & Bonus Alerts, 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.
Chris Williams became a social media manager and assistant editor for Above the Law in June 2021. Prior to joining the staff, he moonlighted as a minor Memelord™ in the Facebook group Law School Memes for Edgy T14s. He endured Missouri long enough to graduate from Washington University in St. Louis School of Law. He is a former boatbuilder who cannot swim, a published author on critical race theory, philosophy, and humor, and has a love for cycling that occasionally annoys his peers. You can reach him by email at [email protected] and by tweet at @WritesForRent.