Despite the fact that a pandemic raged throughout 2021, all signs point to it being an excellent year in Biglaw. In fact, the biggest problem for firms seems to be making sure they have enough talent to handle all the work they’re getting. Towards that end, making sure associates are well compensated is a priority for firms. So, yes, associate compensation has been bonkers this year, with raises running through the industry.
The latest firm to announce raises is Foley Hoag, ranked 136th on the Am Law 200, with $232,079,000 in 2020 gross revenue. Like so many other firms, these raises are retroactive to January 1.
The new compensation grid at the firm is as follows:
Read the full memo on the next page.
*** Wondering if the grass is greener on the in-house side? Click here for a look inside the black box of corporate counsel pay in our 2021 In-House Compensation Report. ***
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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).
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