How many Davis Polk matches will Biglaw see today? Firms of all stripes are finally coming out of hiding to adopt the compensation leader’s brand new pay scale, and they can’t seem to match it quickly enough.
The latest entrant in the 2022 salary wars is Simpson Thacher & Bartlett, a firm ranked at No. 14 in the most recent Am Law 100. Having brought in $1,844,627,000 gross revenue in 2020, the firm can definitely afford these raises. Here’s what the DPW salary scale looks like at STB:
As a little cherry on top, Simpson seems to be taking this cash across the pond to its office in London, where English law qualified associates with sterling-based compensation will receive proportionate salary increases.
Congratulations to everyone at the firm!
(Flip to the next page to read the full memo from Simpson Thacher.)
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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.