Top 30 Biglaw Firm Announces Associates Raises And Bonuses
Another Biglaw firm gets in on the associate raise fun.
After weeks of mulling over the raises Milbank introduced to the market at the beginning of the month, it looks like Biglaw — or at least the top of Biglaw — has coalesced around a new compensation grid. And all it took was Cravath weighing in (with higher base salaries for midlevel and senior associates).
Cleary Gottlieb, a firm placing 30th on the Am Law 100 with $1,393,989,000 in gross revenue last year, has announced their raises and year-end bonuses. As expected, the Biglaw firm has matched the top of the market in both base compensation and bonuses.
The salary grid at Cleary is as follows:
The full memo is available below.
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Cleary Associate Pay memo
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 or Mastodon @Kathryn1@mastodon.social.
