Size and prosperity have their perks, especially in the realm of Biglaw. Following the news of Cravath’s associate salary raise, other prominent figures of the industry have been putting their resources to similar use — increasing associate salaries.
Just recently, White & Case announced its new compensation scale. Being the 7th firm in the Am Law 100 ranking, with a gross revenue of $2,828,000,000 last year, White & Case has shown they possess the means to support said raises.
The new remuneration range for associate at the firm includes both salary and bonuses. The revised compensation will be effective from February 14, 2024.
In a constant effort to keep track of key bonus updates, professionals are encouraged to share when their firms align with these raises, either via text or email. Such helpful tips, including memos, can be shared as a photograph or an original PDF or Word file, to ensure confidentiality for the contributor.
For those interested in receiving real-time updates on salary announcements, an option to sign up for Bonus Alerts is available. Existing subscribers need not act as they’re already set to receive email notifications minutes within a freshly published bonus announcement.
The largest players in Biglaw continue to exhibit their financial strength by dolling out salary raises, proving that in the race of the biggest law firms, size does indeed translate to more money!