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Associate Raises

All articles tagged with #associate raises

business2 years ago•2 min saved

Biglaw Firm Raises Associate Salaries in Anticipation of Merger

Shearman & Sterling, which is set to merge with Allen & Overy next year, has announced associate raises effective January 1. The new salary scale will match the top of Biglaw, with annual salaries ranging from $225,000 for the Class of 2023 to $435,000 for the Class of 2016+. Bonuses will also be provided, ranging from $15,000 to $115,000, with the possibility of enhanced bonuses for exceptional performance. The merger will create A&O Shearman, the third largest law firm in the world.

via Above the Law|

#allen-and-overy #associate-raises #business

business2 years ago•1 min saved

Biglaw Firms Rush to Match Associate Pay Raises

Willkie Farr & Gallagher, a top 50 Biglaw firm, has announced associate raises and bonuses. The new compensation grid includes salary increases ranging from $225,000 to $435,000, depending on the associate's class year. The firm's move follows recent salary adjustments by other law firms, and associates are encouraged to share updates with Above the Law for their bonus alerts.

via Above the Law|

#associate-raises #biglaw #bonuses

business2 years ago•2 min saved

Cravath Surpasses Milbank Scale with Associate Raises

Cravath has announced raises for its associates, matching the scale set by Milbank for junior associates and surpassing it for midlevel and senior associates. The new salary scale will take effect on January 1, with raises ranging from $5,000 to $20,000. Cravath has also announced year-end bonuses that match Milbank's numbers. As a leader in compensation, Cravath's move is expected to prompt other Biglaw firms to react.

via Above the Law|

#associate-raises #biglaw #business