A Leading D.C. Law Firm Finally Announces Raises For Associates
Good things come even to those who impatiently wait.
Earlier today, we brought you news of a merger between two Biglaw firms that was dead on arrival. Arnold & Porter, a firm that had a challenging year in 2015, had its eye on Kaye Scholer, but the combination was simply not meant to be. At the time, we wondered whether the failed merger was the reason why both firms had yet to announce raises for associates in line with the new Cravath salary scale.
It seems that all Arnold & Porter needed was a gentle nudge in the right direction, because just moments ago, the firm notified its associates that they would finally receive their raises. “I’m sure it was only done begrudgingly because they were backed into a corner, but A&P has officially matched for all U.S. associates and summers,” mused a source. The firm’s scale starts at $180K for the classes of 2016 and 2016, and ends with the class of 2008 and those senior earning $315K. Associates in the firm’s European offices will have their salaries reviewed separately in the next few months.
Congratulations to all Arnold & Porter associates! Good things come to even those who impatiently wait.
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Remember, we are covering this trend extensively, so please drop us a line — text (646-820-8477) or email (subject line: “[Firm Name] Matches Cravath”) — when you know of another firm making a compensation move. 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. All sources are kept strictly confidential.
(Flip to the next page to see the Arnold & Porter pay scale memo in full.)
Earlier: A Failed Merger Might Explain Why These Firms Haven’t Announced Raises
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Staci Zaretsky is an editor at Above the Law. Feel free to email her with any tips, questions, or comments. Follow her on Twitter or connect with her on LinkedIn.
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