What better way to end the week than with a big raise? That’s what management at many a firm thought today, because Biglaw is swimming in cold, hard cash.
The latest firm to increase associate salaries is Orrick, which is currently ranked at No. 35 on the Am Law 100, with $1,152,850,000 gross revenue in 2020. The firm is matching the now prevailing Cravath salary scale, which tops out at $415,000 for senior associates.
This is what the new salary scale looks like at Orrick:
This new salary scale is effective as of January 1, 2022, and associates will see the cash in their March 31 paychecks. Congratulations to everyone at the firm!
(Flip to the next page to see the full memo from Orrick.)
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 Milbank”). 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.
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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.
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