The Big Money Is Coming At This Biglaw Firm -- Just At A Slightly Later Date
Congrats on the big payday!
The associate salary party is far from over. While the market has seemingly settled on a standard compensation grid for associates, we now play the much longer tail game of which firms will match. And think about it — with at least 200 firms earning the moniker “Biglaw” and a wave of elite boutiques also ponying up the big bucks, it’ll be a minute before we have a true understanding of which firms are true Moneylaw firms, and which are not.
Well, there’s now another Biglaw firm shelling out the big bucks for associates. Mintz — a firm that brought in $502,100,000 gross revenue in 2020, ranking it at No. 79 in the Am Law 100 — has decided to up associates’ salaries. They’ll be matching the market standard set by Cravath.
The new grid is as follows:
While most firms have backdated the raises to January 1, Mintz has opted to go with — I imagine — a much easier to administer April date, which also coincides with the start of the firm’s fiscal year.
Remember everyone, we depend on your tips to stay on top of important bonus updates, so when your firm matches, please text us (646-820-8477) or email us (subject line: “[Firm Name] Matches”). 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 Bonus Alerts (which is the alert list we also use for salary announcements), 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. Thanks for all of your help!
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).
