The Biglaw raise-o-palooza is still going strong! Trying to keep up with the top of the market just may take more than one round of raises, as Biglaw firms are finding out.
The latest firm to take a turn on the associate compensation merry-go-round is WilmerHale. The firm, ranked 29th in the most recent Am Law 100, matched the Cravath salary grid. Yes, the firm previously announced raises, but as the market moves, so does the firm.
That makes the new compensation scale as follows:
Plus, for counsel feeling a little left out of all this associate love, the firm notes that the class of 2013 and more senior are eligible for an additional $10,000 in their bonuses, provided they are employed/in good standing at the firm and meet their 2,000 billable hour target.
Like the last set of raises, these are retroactive to January 1. You can read the memo on the next page.
Remember everyone, we depend on your tips to stay on top of important bonus updates, 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.
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Kathryn Rubino is a Senior Editor at Above the Law, host of The Jabot podcast, and co-host of Thinking Like A Lawyer. AtL tipsters are the best, so please connect with her. Feel free to email her with any tips, questions, or comments and follow her on Twitter (@Kathryn1).