A Biglaw Firm With Even Bigger Money For Associates
Another match is in the books for the prevailing Cravath salary scale.
It’s been an absolutely action-packed day when it comes to Biglaw compensation. Firms are raising salaries left and right, as if Cravath cash is going to go out of style. Newsflash: It won’t, but don’t let that stop you from announcing your raises ASAP.
Earlier today, Winston & Strawn — a firm that brought in $981,223,000 gross revenue in 2020, placing it at No. 45 on the most recent Am Law 100 — announced that it would be matching Cravath. Here’s the salary scale that should look quite familiar to associates by now:
Because the firm’s fiscal year begins on February 1, base salaries for U.S. associates in good standing are retroactive to that date, and will be reflected in their paychecks on March 15.
Congratulations to everyone at the firm!
(Flip to the next page to read the full memo from Winston & Strawn.)
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 Milbank”). 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.
