Large Raises Forward For This Biglaw Agency

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money raises Close-up portrait of her she nice lovely pretty amazed crazy overjoyed cheerful cheery girl holding in hand fan cashback sale discount isolated over bright vivid shine vibrant blue color backgroundNeed a good way to heat up a chilly February day in Biglaw? Properly, raises are a positive fireplace technique to heat the cockles of affiliate hearts.

Paul Hastings, a agency with over a billion {dollars} in income, making it #27 on the Am Legislation 100, has introduced their very own raises. And, you guessed it, the elite agency can be matching the prevailing market fee set by Milbank and Davis Polk.

The brand new affiliate compensation grid on the agency is as follows:

Affiliate Wage Scale

Class Yr Wage
2014+ $396,500
2015 $381,000
2016 $360,500
2017 $335,000
2018 $293,500
2019 $250,000
2020 $225,000
2021 $215,000

The will increase are retroactive to January 31 and applies to the U.S. and São Paulo places of work.

You’ll be able to learn the full memo on the subsequent web page.

*** Questioning if the grass is greener on the in-house aspect? Click on right here for a glance contained in the black field of company counsel pay in our 2021 In-Home Compensation Report. ***

Bear in mind everybody, we rely in your tricks to keep on prime of essential bonus updates, so when your agency matches, please textual content us (646-820-8477) or e mail us (topic line: “[Firm Name] Matches”). Please embrace the memo if obtainable. You’ll be able to take a photograph of the memo and ship it by way of textual content or e mail should you don’t wish to ahead the unique PDF or Phrase file.

And should you’d like to join ATL’s Bonus Alerts (which is the alert checklist we additionally use for wage bulletins), please scroll down and enter your e mail tackle within the field under this submit. Should you beforehand signed up for the bonus alerts, you don’t must do something. You’ll obtain an e mail notification inside minutes of every bonus announcement that we publish. Thanks for your entire assist!

Kathryn Rubino is a Senior Editor at Above the Legislation, host of The Jabot podcast, and co-host of Considering Like A Lawyer. AtL tipsters are the most effective, so please join together with her. Be happy to e mail her with any ideas, questions, or feedback and comply with her on Twitter (@Kathryn1).

Enter your e mail tackle to join ATL’s Bonus & Wage Enhance Alerts.

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