Top 10 Biglaw Firm Decides One Round Of Raises Isn't Enough
Gotta keep up with the Cravaths of the world.
Why settle for one round of raises in 2022, when you can issue two?
That’s what Sidley Austin — a firm that took in $2,462,935,000 in gross revenue in 2020, making it number 6 on the Am Law 100 — is doing. Less than a week ago, the firm issued associate raises, but then Cravath went ahead and upended the emerging compensation consensus. Accordingly, Sidley’s latest round of raises will match the Cravath standard and put the firm back at the top of the salary heap.
The new salary grid at Sidley:
And like many of their peer firms, the raises will be retroactive to January 1 and will hit bank accounts in March. 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).
