One after the other, nearly each single member of the Am Regulation 50 — excepting a number of — has raised salaries to match the now-prevailing Cravath scale. Which means associates at these corporations are raking within the large bucks to the tune of $215,000 for entry-level attorneys to $415,000 for probably the most skilled attorneys of all. That’s fairly the payday!
Which agency is the most recent to hail Cravath with its compensation?
That might be Wilson Sonsini, a West Coast mainstay that discovered itself at No. 36 in the newest Am Regulation 100 rating after having introduced in $1,130,000,000 in gross income in 2020. When you recall, the agency matched the Milbank scale in mid-February, simply days earlier than Davis Polk introduced even increased salaries.
That is what the brand new wage scale appears like on the agency:
When the agency was nonetheless on the Milbank scale, ninth-years have been receiving more cash than eighth-years, however now on the Cravath scale, all the agency’s most senior associates will obtain the identical salaries — and a $415K wage is definitely nothing to sneeze at.
Wilson Sonsini associates will see their raises mirrored of their first April paychecks, retroactive to February 1. Congrats to everybody on the agency!
(Flip to the following web page to see the total memo from Wilson Sonsini.)
Keep in mind everybody, we rely in your tricks to keep on high of these things. So when your agency matches, please textual content us (646-820-8477) or e mail us (topic line: “[Firm Name] Matches Cravath”). Please embrace the memo if obtainable. You possibly can take a photograph of the memo and ship it by way of textual content or e mail if you happen to don’t wish to ahead the unique PDF or Phrase file.
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Staci Zaretsky is a senior editor at Above the Regulation, the place she’s labored since 2011. She’d love to listen to from you, so please be happy to e mail her with any ideas, questions, feedback, or critiques. You possibly can observe her on Twitter or join along with her on LinkedIn.
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