Wow, Davis Polk really knows how to get a compensation party started. A month after Milbank announced their 2022 raises, DPW came over the top — at least for midlevel and senior associates — and now Biglaw firms are falling over themselves matching this new standard.
The latest firm to announce raises is Willkie Farr, a firm that made $986,000,000 in gross revenue in 2020, making it #44 on the Am Law 100. As expected, they’ve matched the compensation grid set by DPW yesterday.
In case you haven’t yet memorized it, here it is:
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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).