Oh My My, Another Biglaw Firm Announces Raises

// Nothing like an end-of-day raise/bonus announcement to put some pep in the step of associates! This time the good news comes from O’Melveny & Myers, a firm that took in $1,024,780,000 in gross revenue last year, making it 50th on the AmLaw 100 ranking.

Earlier today, via a voicemail (how quaint!) from partner Marc Pensabene, O’Melveny announced that they too are ponying up the big bucks for associates (and counsel). The new compensation scale at OMM is as follows:

googletag.cmd.push( function() { // Display ad. googletag.display( "div-id-for-top-300x250" ); }); 1st Year Associates $225,000 2nd Year Associates $235,000 3rd Year Associates $260,000 4th Year Associates $310,000 5th Year Associates $365,000 1st Year Counsel $390,000 2nd Year Counsel $420,000 3rd Year Counsel $435,000

And as for bonuses, well, yeah they’re matching the prevailing rate there as well.

Class of 2022 $20,000 Class of 2021 $30,000 Class of 2020 $57,500 Class of 2019 $75,000 Class of 2018 $90,000 Class of 2017 $105,000 Class of 2016+ $115,000 googletag.cmd.push( function() { // Display ad. googletag.display( "div-id-for-middle-300x250" ); }); googletag.cmd.push( function() { // Display ad. googletag.display( "div-id-for-storycontent-440x100" ); });

Congratulations to attorneys at OMM on your new found largesse.

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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, Money, O'Melveny & Myers