Cravath Scale Big Law Money

No-one covers the big law payscale better than AbovetheLaw when it comes to the big law US law firms, and the site has updated the most recent changes with bonus details.

As we reported recently there was a significant shift in associate salaries at large law firms in the United States starting with Milbank on November 2023, when they announced a new $225,000 salary scale.

We also reported the Chambers rankings for the top firm payments.

This trend escalated three weeks later on November 28, 2023, when Cravath raised the stakes even further, offering higher salaries for midlevel and senior associates.

Many other firms are now following suit and matching these new salary standards. Alongside these substantial pay increases, these firms are also revealing their year-end bonuses for associates. Are you wondering when your firm will announce its new salary and bonus structures for associates?

We’ve compiled a table below taken from AbovetheLaw‘s summary showing the firms that have matched or raised their salaries in response to this trend, the dates when these changes were implemented, any minimum billable hours requirements for bonuses (if disclosed), and the dates when bonuses will be paid out. It’s worth noting that these salary adjustments are generally retroactive to January 1, 2024.

The Big Law pay scale firms detail