The Raise Race Ain't Over Yet: Elite Firm Increases Associate Salaries Once Again

Very exciting news!

money up arrow 2022While some unlucky associates are busy waiting for their firms to make their first salary moves of the year, others are now receiving their second round of raises. Hooray for April showers — of Cravath cash!

Selendy Gay Elsberg — a firm formerly known as Selendy & Gay — is known for its market-beating bonuses, and the firm is yet again boosting its salaries for associates. If you recall, the firm last adopted the then-prevailing Davis Polk salary scale back in February. Here’s an excerpt from the firm’s memo:

Driven by our commitment to pay associates market-leading compensation, we are pleased to announce the Firm is further increasing associate salaries for class years 2018 and below.

And with that, here’s Selendy’s new salary scale:

Class Year Salary
2021 $215,000
2020 $225,000
2019 $250,000
2018 $295,000
2017 $345,000
2016 $370,000
2015 $400,000
2014+ $415,000

The new salaries at the firm are retroactive to January 1. Congratulations to everyone at the firm!

(Flip to the next page to read the full memo from Selendy Gay Elsberg.)

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 ZaretskyStaci 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.


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