Don’t you love when the rainmakers spread the water around?
I’m sure you would if you worked at Covington and Burling, a Biglaw firm that recently decided to match the Cravath scale. They could afford to do it to, considering that they raked in $1,321,296,000 in 2020. That’s a lot of money! Here is the new scale:
The salary increase will be retroactive to January 1st and will be reflected in the next March paycheck.
(Turn to the next page to see the Covington and Burling memo.)
*** Wondering if the grass is greener on the in-house side? Click here for a look inside the black box of corporate counsel pay in our 2021 In-House Compensation Report. ***
We like hearing about salary increases almost as much as you enjoy spending them. As soon as your firm’s memo comes out, please email it to us (subject line: “[Firm Name] Matches”) or text us (646-820-8477). 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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Chris Williams became a social media manager and assistant editor for Above the Law in June 2021. Prior to joining the staff, he moonlighted as a minor Memelord™ in the Facebook group Law School Memes for Edgy T14s. He endured Missouri long enough to graduate from Washington University in St. Louis School of Law. He is a former boatbuilder who cannot swim, a published author on critical race theory, philosophy, and humor, and has a love for cycling that occasionally annoys his peers. You can reach him by email at firstname.lastname@example.org and by tweet at @WritesForRent.
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