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The compensation news is coming fast and furious! Yesterday, Cravath announced raises (beating the raises Milbank set earlier in the month for midlevel and senior associates). And now the top of Biglaw is falling all over themselves to match the new market standard.
The latest firm to announce raises is Proskauer. The firm made $1,239,638,000 in gross revenue last year, making it 39th on the Am Law 100 ranking. And the firm is sharing the profits with their associates!
The new salary scale — as well as year-end bonuses — is as follows.
The full memo is available below.
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.
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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 @Kathryn1@mastodon.social.
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