Well, well, well. What have we here? Could it be? Yes! It’s another firm that’s matching the new Milbank salary scale. It was just last week that this firm was busy “monitor[ing]” the market instead of boosting associate salaries, and now here we are, with a match in hand.
The firm we’re talking about, of course, is Norton Rose Fulbright, which brought home $1,877,933,000 gross revenue in 2020, ranking it at No. 13 on the most recent Am Law 100. Sources tell us that associates are “thrilled” by the news of their bigger, better salaries.
Here’s what the brand new salary scale looks like at NRF:
Before you get too excited, Norton Rose is doing the same thing it did during the last round of raises, and applying this new salary scale to only some of its offices. Associates in the firm’s California, New York, Texas, and D.C. offices will be on the $215K pay scale, while those in Minneapolis and St. Louis will have “opportunities to earn into the national pay scale.” Information on how associates can do that will be released shortly.
Congratulations to (almost) everyone at the firm on their new market salaries. For those in smaller markets, just remember, any raise is better than no raise!
(Flip to the next page to see the memo from Norton Rose Fulbright.)
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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.