Look how quickly firms are willing to match the market when Davis Polk comes around. We can’t wait until Cravath gives this salary scale its seal of approval, because then the match madness will happen at an even more frenzied pace.
The latest firm to increase associate salaries is Dechert, which came in at No. 37 in the most recent Am Law 100 after taking home $1,071,163,000 gross revenue in 2020. Here’s what associates can expect their compensation to look like at the firm, beginning in March (and retroactive to January):
Much like Bruno, we don’t talk about Counsel, no, no, no — and neither does Dechert. Counsel at the firm will receive raises on a case-by-case basis. How is your firm handling salary increases for counsel? Please let us know so these attorneys aren’t kept in the dark.
Congratulations to everyone at Dechert!
(Flip to the next page to read the full memo from Dechert.)
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 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.
