Biglaw Firms Compete for Top Compensation in Global Legal Industry

Following Cravath's announcement of salary raises and bonuses, many Biglaw firms have matched their compensation scale, but others have remained silent. Jeff Lowe of Jeffrey Lowe Partners predicts that there may be more surprises in the coming weeks as firms compete with each other. He expects at least the top 50 firms and possibly further into the top 100 to match Cravath's scale, but notes that as you move down the Am Law 100, there is less money available for compensation.