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Home Big Law

Another Round Of Raises For Hardworking Associates

Daily Legal Briefing by Daily Legal Briefing
March 11, 2022
in Big Law
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Will Cravath’s Bigger Bonuses Be Big Enough To Make Associates Stay Put?
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MoneyOne raise is good news, but two is even better! When Cravath came over the top of the Davis Polk scale — after several firms had matched those numbers — we knew the elite of Biglaw would have to react.

Akin Gump is the latest firm to re-raise salaries. Of course the firm, with its $1,208,738,000 in gross revenue and fancy 33rd Am Law ranking, would have to match the new salary scale sweeping Biglaw.

That means some pretty big salary numbers for Akin associates, as per the salary grid below:

Class Year 2022 Salary
2021 $        215,000
2020 $        225,000
2019 $        250,000
2018 $        295,000
2017 $        345,000
2016 $        370,000
2015 $        400,000
2014+ $        415,000

The increases are retroactive to January 1 and will hit associates’ bank accounts with their March 31 paycheck.

You can 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. ***

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.

And if you’d like to sign up for ATL’s Bonus Alerts (which is the alert list we also use for salary announcements), please scroll down and enter your email address in the box below this post. If you previously signed up for the bonus alerts, you don’t need to do anything. You’ll receive an email notification within minutes of each bonus announcement that we publish. Thanks for all of your help!


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).


Enter your email address to sign up for ATL’s Bonus & Salary Increase Alerts.






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