One 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|
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.
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).