Biglaw, Bigger Salaries: Another Top Firm Adopts The Cravath Compensation Scale
Counsel are getting in on the action, too!
Biglaw firms continue to open their coffers to award their hardworking associates with higher salaries. Not all firms will be able to make a Cravath match, of course, but those that wish to maintain their status as members of the elite certainly will.
The latest firm to do so is Pillsbury Winthrop Shaw Pittman, a firm that landed at No. 62 in the most recent Am Law 100, bringing home $723,452,000 gross revenue in 2020. This is what the new salary scale looks like at the firm:
In other news, the firm has committed to maintaining its “super bonus” programs that award associates with up to an additional $50,000 in above-market bonus bucks for high billables. Associates and counsel who qualified for the firm’s first- and second-tier super bonuses in 2021 have been awarded with 50 qualifying hours towards their 2022 bonus and billable hours thresholds as a sign of Pillsbury’s appreciation for their hard work.
Pillsbury associates (and counsel) will see their raises reflected in their March 31st paychecks, retroactive to January 1. Congrats to everyone at the firm!
(Flip to the next page to see the full memo from Pillsbury.)
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.
