// The elite firms have no choice—they have to match. This is just cost of entry.

— Janet Stanton, a partner at law firm management consultancy Adam Smith Esq., commenting on the top Biglaw firms that have already matched Cravath’s recently announced salary scale for associates, which ranges from $215,000 to $415,000.

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Staci Zaretsky is a senior editor at Above the Law, where she’s worked since 2011. She’d love to hear from you, so please feel free to email her with any tips, questions, comments, or critiques. You can follow her on Twitter or connect with her on LinkedIn.

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2022 Associate Salary Increase, Biglaw, Bonus News Alerts, Bonuses, Money, Quote of the Day