In a recent development, following Cravath Swaine & Moore’s introduction of a new associate salary scale, Paul, Weiss, Rifkind, Wharton & Garrison has now confirmed matching offering while introducing an additional pay band for its eighth-year associates. Furthermore, similar to its previous years, Paul Weiss has announced intent to pay “discretionary bonuses” in early 2024.
According to a memo released by Paul Weiss’ chair, Brad Karp, the firm will be offering salaries starting from $225,000 for first-year associates, escalating to up to $420,000 for those from the class of 2017. This new pay structure will come into effect from Jan. 1, 2024. The memo also revealed that eighth-year associates at Paul Weiss would be rewarded with a salary of $435,000.
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