Top 50 Biglaw Firm ‘FINALLY’ Hands Out Raises To Associates
It is mid-Could, and sure, some Biglaw companies are even now awarding their associates with raises. As it turns out, some companies — even corporations that are in the Am Regulation Leading 50 — just took a little for a longer time to determine things out than other folks.
To that conclusion, Foley & Lardner, a business that took house $1,024,834,000 gross income in 2021, putting it in 48th location in the most the latest Am Legislation 100, just surprised associates with news of a money inflow. “FINALLY,” one particular source at the business told Earlier mentioned the Legislation. Sad to say, associates will have to hold ready to see the funds simply because these “mid-12 months adjustments” won’t be effective right up until August.
Here’s what the new income scale appears to be like at the business.
When it is not an specific match of the Cravath scale, it is really darned close (and the Class of 2020 will truly gain $5,000 more at Foley than at Cravath).
August simply cannot come before long enough for associates. Congratulations!
(Flip to the following webpage to examine the complete memo from Foley & Lardner.)
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Staci Zaretsky is a senior editor at Over the Legislation, where she’s worked since 2011. She’d love to hear from you, so you should sense cost-free to e-mail her with any tips, inquiries, reviews, or critiques. You can abide by her on Twitter or hook up with her on LinkedIn.
