Breaking Legal News & Current Law Headlines | Daily Legal Briefing
  • Home
  • Hot Topics
  • Breaking
  • Business
  • Big Law
  • Small Law
  • Law School
  • Legal Tech
No Result
View All Result
No Result
View All Result
Breaking Legal News & Current Law Headlines | Daily Legal Briefing
No Result
View All Result
Home Big Law

Top 50 Biglaw Firm Is The First NOT To Announce A Cravath Match

Daily Legal Briefing by Daily Legal Briefing
March 3, 2022
in Big Law
0
Associate Salaries And Bonuses Are Bigger Than Ever – But They’re Still Not Big Enough
4
SHARES
32
VIEWS
Share on FacebookShare on Twitter


big money small moneyBiglaw firms across the country are eagerly announcing their Cravath matches in order to remain competitive during this white-hot lateral market for legal talent. As a reminder, the Cravath scale ranges from $215,000 for first-year associates to $415,000 for eighth-year associates and beyond. While many firms that had already matched the Milbank and Davis Polk scales are once again updating their salaries to match Cravath, firms that had yet to make salary moves at all are finally stepping forward to match Cravath. Other firms, however, seem to be ignoring that Cravath raised the stakes and have decided to match Davis Polk, days after it was no longer en vogue to do so.

That looks to be what’s happening at Arnold & Porter Kaye Scholer, a top 50 firm according to the latest Am Law 100 ranking. Today, the firm announced that it would be matching the Davis Polk salary scale, which is less take-home compensation for associates than what’s offered under the Cravath scale — sometimes in the range of tens of thousands of dollars less. To say that associates aren’t happy would be an understatement.

This is what the Davis Polk salary scale looks like at Arnold & Porter:

Arnold Porter Salary Memo 2022

“Arnold & Porter has apparently decided to match Davis Polk and NOT Cravath,” said one source of the firm’s raises. “Associates are furious. This is a total slap in the face.”

We always suspected that raises like this would divide Biglaw into compensation tiers, but we didn’t think it would happen this quickly. Are there any other firms out there that won’t be matching the Cravath salary scale? Which firm will be next to join Arnold & Porter in adopting a lower salary scale than the rest of Biglaw’s best?

(Flip to the next page to read the full memo from Arnold & Porter.)

Remember everyone, we depend on your tips to stay on top of this stuff. 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’ll 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.


Staci ZaretskyStaci 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.


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






Click to Read Original Article

Previous Post

How Do I Dispute a Denied Home Insurance Claim in West Virginia?

Next Post

Why You Need a Good Truck Accident Lawyer in Nebraska

Daily Legal Briefing

Daily Legal Briefing

Related Posts

The Biglaw Firms With The Best Client Pitches
Big Law

The Biglaw Firms With The Best Client Pitches

by Daily Legal Briefing
March 17, 2023
Tipsters Help ATL Be A Positive Force In The Legal Industry
Big Law

Tipsters Help ATL Be A Positive Force In The Legal Industry

by Daily Legal Briefing
March 17, 2023
Some Clients Might Like To Pay Higher Legal Fees
Big Law

What Goes Up, Must Come Down – And Sometimes, That Includes Biglaw Profits

by Daily Legal Briefing
March 17, 2023
Biglaw Probably Won’t Be Hemorrhaging Lawyers Via Layoffs Anytime Soon
Big Law

Biglaw Firm Conducts Layoffs, Citing ‘Shifting Market Dynamics’

by Daily Legal Briefing
March 16, 2023
Senior Associate At DLA Piper Just Happened To Be Fired Within A Week Of Asking For Maternity Leave
Big Law

Senior Associate At DLA Piper Just Happened To Be Fired Within A Week Of Asking For Maternity Leave

by Daily Legal Briefing
March 16, 2023
Next Post
Why You Need a Good Truck Accident Lawyer in Nebraska

Why You Need a Good Truck Accident Lawyer in Nebraska

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Premium Content

Biglaw Firms At The Top Of The Pro Bono Game

How To Elevate Your Legal Career As A Trusted Business Partner

March 7, 2023
Key Issues In International Taxation For 2022

Key Issues In International Taxation For 2022

July 2, 2022
Nicole Shanahan, Andrew Yang, Michelle Wu, Andrew Toy, Henry Golding, Michelle Yeoh, and Payal Kadakia’s Inaugural Gold Gala AAPI Advice

Nicole Shanahan, Andrew Yang, Michelle Wu, Andrew Toy, Henry Golding, Michelle Yeoh, and Payal Kadakia’s Inaugural Gold Gala AAPI Advice

May 28, 2022

Browse by Category

  • Big Law
  • Breaking
  • Business
  • Hot Topics
  • Law School
  • Legal Tech
  • Small Law

About US

Breaking Legal News & Current Law Headlines | Daily Legal Briefing.
Online coverage of breaking legal news and current law headlines from around the US. Top stories, videos, insight, and in-depth analysis.

Categories

  • Big Law
  • Breaking
  • Business
  • Hot Topics
  • Law School
  • Legal Tech
  • Small Law

Recent Updates

  • Cloud Computing Can Give Your Business a Much-Needed Boost
  • Top Reasons for Shippers to Consider Intermodal Transportation
  • Your Website’s Choice Of Color Matters

© 2021 Daily Legal Briefing | Breaking Legal News & Current Law Headlines

No Result
View All Result
  • Contact Us
  • Home

© 2021 Daily Legal Briefing | Breaking Legal News & Current Law Headlines

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?