Biglaw Firm Catches Raises For Hardworking Associates

// Another Biglaw firm has decided to match the new associate compensation scale established last week by Cravath.

Associates fishing for raises at Fish & Richardson were rewarded today. The firm, ranked 92nd on the most recent Am Law 100 with $512,043,000 in gross revenue last year, announced a brand new compensation scale, but one that is increasingly familiar to Biglaw observers.

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Effective January 1, the new compensation grid at Fish is as follows:

You’ll notice the firm has not announced their year-end bonuses. The firm eschews lockstep bonus grids for individualized merit bonuses, and the firm insists for “a number of associates” bonuses are above the market standard.

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You can read the full memo on the next page.

Remember everyone, we depend on your tips to stay on top of important bonus updates, so when your firm matches, please text us (646-820-8477) or email us (subject line: “[Firm Name] Matches”). 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.

And if you’d like to sign up for ATL’s Bonus Alerts (which is the alert list we also use for salary announcements), please scroll down and enter your email address in the box below this post. If you previously signed up for the bonus alerts, you don’t need to do anything. You’ll receive an email notification within minutes of each bonus announcement that we publish. Thanks for all of your help!

Kathryn Rubino is a Senior Editor at Above the Law, host of The Jabot podcast, and co-host of Thinking Like A Lawyer. AtL tipsters are the best, so please connect with her. Feel free to email her with any tips, questions, or comments and follow her on Twitter @Kathryn1 or Mastodon @[email protected].

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2023 Associate Salary Increase, Associate Bonus Watch 2023, Biglaw, Bonus News Alerts, Bonuses, Fish & Richardson, Money