Why settle for one round of raises in 2022, when you can issue two?
That’s what Sidley Austin — a firm that took in $2,462,935,000 in gross revenue in 2020, making it number 6 on the Am Law 100 — is doing. Less than a week ago, the firm issued associate raises, but then Cravath went ahead and upended the emerging compensation consensus. Accordingly, Sidley’s latest round of raises will match the Cravath standard and put the firm back at the top of the salary heap.
The new salary grid at Sidley:
And like many of their peer firms, the raises will be retroactive to January 1 and will hit bank accounts in March. 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.
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).