Top 30 Biglaw Firm Raises Associate Salaries For The Second Time This Week
// Look what we have here. The prevailing Biglaw salary scale changed so quickly this time around that we’ve got a firm announcing an additional raise for associates just three days after it announced its last one.
We’re speaking about Paul Hastings, of course, a firm that’s ranked at No. 27 in the most recent Am Law 100 after bringing home $1,310,126,000 gross revenue in 2020. The firm announced a Davis Polk match on Monday, and here they are on Thursday with a Cravath match.
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Associate Salary Scale
Class Year
Salary
2014+
$415,000
2015
$400,000
2016
$370,000
2017
$345,000
2018
$295,000
2019
$250,000
2020
$225,000
2021
$215,000
googletag.cmd.push( function() { // Enable lazy loading. googletag.pubads().enableLazyLoad({ renderMarginPercent: 150, mobileScaling: 2 }); // Display ad. googletag.display( "div-id-for-middle-300x250" ); googletag.enableServices(); }); googletag.cmd.push( function() { // Enable lazy loading. googletag.pubads().enableLazyLoad({ renderMarginPercent: 150, mobileScaling: 2 }); // Display ad. googletag.display( "div-id-for-storycontent-440x100" ); googletag.enableServices(); }); googletag.cmd.push( function() { // Enable lazy loading. googletag.pubads().enableLazyLoad({ renderMarginPercent: 150, mobileScaling: 2 }); // Display ad. googletag.display( "div-id-for-in-story-youtube-1x1" ); googletag.enableServices(); });The firm’s salary increases apply to their U.S. and São Paulo offices. They’re retroactive to January 31, and associates will see their new compensation in their March 11 paychecks. Congratulations for the second time this week!
(Flip to the next page to read the full memo from Paul Hastings.)
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Originally posted on: https://abovethelaw.com/2022/03/paul-hastings-reraise-2022/