Halloween is almost upon us, and one Biglaw firm recently gave its associates the best treat of all: raises. That’s right, the end of 2022 is nearly here, and law firms are still handing out raises.
Which firm is the latest to scare up an increase in compensation?
We’ve heard that Littler — the world’s largest employment firm, which ranked at No. 71 in the most recent Am Law 100, having brought home $658,578,000 gross revenue in 2021 — is offering its associates even more money. If you recall, Littler was the only firm to hand out special bonuses this past summer (that we know of), so its salary increases are even more worthy of coverage.
We’ve been told that during a video town hall presentation earlier this month, the firm announced raises for all U.S. associates. The raises are based on market and associate level, and sources say that the increases range from about $10,000 to $55,000. We’ve reached out to the firm for comment, and will provide an update if and when we hear back.
Salaries at he firm are highly individualized, and while Littler’s salary bump may not match the Cravath money that’s become the prevailing rate in most major markets ($215K for first-years and $415K for eighth-years, to be specific), money is money, so congratulations to everyone at the firm!
As a little reminder, we love covering associate salary increases and bonuses, but we need your help. As soon as your firm’s bonus memo comes out, please email us (subject line: “[Firm Name] Bonus/Raise”). We always keep our sources on bonus stories anonymous. There’s no need to send the memo using your firm email account; your personal email account is fine. Please be sure to include the memo as proof; we like to post complete bonus memos as a service to our readers. You can take a photo of the memo and attach as a picture if you are worried about metadata in a PDF or Word file.
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Staci Zaretsky is a senior editor at Above the Law, where she’s worked since 2011. She’d love to hear from you, so please feel free to email her with any tips, questions, comments, or critiques. You can follow her on Twitter or connect with her on LinkedIn.