Top 20 Firm Shares The Love -- Money, That Is -- With Hardworking Associates

What's better than one raise? TWO!

Business concept, Business woman is holding money and feeling happy.Cravath deciding to come over the top of the Davis Polk salary scale, which had already come over the top of the Milbank salary scale, has resulted in a wave of  re-raises across Biglaw. And it makes sense, especially given the hot lateral market, that no elite firm wants to be left in the dust giving out less money to the hardworking associates who make the firm tick.

The latest entrant in the 2022 re-raise bonanza is Simpson Thacher & Bartlett, a firm ranked at No. 14 in the most recent Am Law 100, having brought in $1,844,627,000 gross revenue in 2020. The latest salary scale at Simpson is as follows:

Screen Shot 2022-03-02 at 3.07.47 PM

As with the last round of raises, these numbers will also be applied to their London associates. Good news on both sides of the pond!

You can read the full memo on the next page.

*** Wondering if the grass is greener on the in-house side? Click here for a look inside the black box of corporate counsel pay in our 2021 In-House Compensation Report. ***

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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).


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