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With Over 2 Billion In Revenue, Of Course This Firm Raised Associate Salaries

You knew they had to — hell, if I were betting, I think all the Biglaw firms with over a billion dollars in revenue will really have to raise associate salaries to the now familiar Franken-Milbank/Simpson/Cravath scale. It’s more than just the sheer economics that will propel these elite Biglaw firms to spread the wealth with their associates — it is also the recognition that the biggest and best firms are doing it. If you want the cachet of being the best, you have to pay for it.

Now Morgan Lewis & Bockius, with its $2,001,000,000 in gross revenue for 2017, has announced they are raising associate salaries and providing special bonuses in line with those going around the market. The firm made the announcement over voicemail — how 2006 of them! — but we can confirm the following base salaries at the firm:

Class of 2017: $190,000
Class of 2016: $200,000
Class of 2015: $220,000
Class of 2014: $255,000
Class of 2013: $280,000
Class of 2012: $305,000
Class of 2011: $325,000
Class of 2010+: $340,000

Plus there are those delightful special bonuses:

Class of 2017: $5,000
Class of 2016: $7,500
Class of 2015: $10,000
Class of 2014: $15,000
Class of 2013: $20,000
Class of 2012: $25,000

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] Raises Salaries”). 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. Thanks!


headshotKathryn Rubino is an editor at Above the Law. 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).

The post With Over 2 Billion In Revenue, Of Course This Firm Raised Associate Salaries appeared first on NewsWorld.



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With Over 2 Billion In Revenue, Of Course This Firm Raised Associate Salaries

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