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Home Big Law

The Money Is Really Moneying At This Biglaw Firm!

Daily Legal Briefing by Daily Legal Briefing
March 1, 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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Nothing brightens the first of the month quite like more money in your pocket.

Latham & Watkins, which grossed a whopping $4,333,763,000 gross revenue in 2020, continues its trend of money moves by matching Cravath’s freshly released salary scale. (But that’s not all — check out the cash that 9th years will be receiving… $425K!)

Latham Salary little

The raises will be retroactive to January 1 and will hit bank accounts in March. While they may in second place on the American Lawyer’s 2021 Am Law 100 ranking, this type of money is second to none. Who is next to follow (law) suit?

(Turn to the next page to see the Latham & Watkins memo.)

*** 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. ***

We like hearing about salary increases almost as much as you enjoy spending them. As soon as your firm’s memo comes out, please email it to us (subject line: “[Firm Name] Matches”) or text us (646-820-8477). 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 Salary & Bonus Alerts, 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.


Chris Williams became a social media manager and assistant editor for Above the Law in June 2021. Prior to joining the staff, he moonlighted as a minor Memelord™ in the Facebook group Law School Memes for Edgy T14s.  He endured Missouri long enough to graduate from Washington University in St. Louis School of Law. He is a former boatbuilder who cannot swim, a published author on critical race theory, philosophy, and humor, and has a love for cycling that occasionally annoys his peers. You can reach him by email at cwilliams@abovethelaw.com and by tweet at @WritesForRent.


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






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