Top 30 Biglaw Firm Raises Associate Salaries For The Second Time This Week
Happy news for associates, once again!
Look what we have here. The prevailing Biglaw salary scale changed so quickly this time around that we’ve got a firm announcing an additional raise for associates just three days after it announced its last one.
We’re speaking about Paul Hastings, of course, a firm that’s ranked at No. 27 in the most recent Am Law 100 after bringing home $1,310,126,000 gross revenue in 2020. The firm announced a Davis Polk match on Monday, and here they are on Thursday with a Cravath match.
This is what the new salary scale looks like at the firm:
Associate Salary Scale
|
Class Year |
Salary |
|
2014+ |
$415,000 |
|
2015 |
$400,000 |
|
2016 |
$370,000 |
|
2017 |
$345,000 |
|
2018 |
$295,000 |
|
2019 |
$250,000 |
|
2020 |
$225,000 |
|
2021 |
$215,000 |
The firm’s salary increases apply to their U.S. and São Paulo offices. They’re retroactive to January 31, and associates will see their new compensation in their March 11 paychecks. Congratulations for the second time this week!
(Flip to the next page to read the full memo from Paul Hastings.)
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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.
