Another Biglaw firm is dumping big money on associates to stay at the top of the salary mountain.
The latest firm to announce their own match of the Cravath scale is none other than Schulte Roth & Zabel, which took in $444,700,000 in gross revenue in 2020, making it 90th in the Am Law 100. The firm previously announced a match of the Davis Polk scale, but now that Cravath has come over the top, so has Schulte.
For those who have not yet memorized the new scale, this is the compensation grid at Schulte:
The raises are retroactive to January 1. You can read the full memo on the next page.
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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).