Law firms Arnold & Porter Kaye Scholer LLP and boutique private equity firm Massumi & Consoli LLP have revealed their salary figures for 2024, aligning with the existing pay scales established by Cravath Swaine & Moore LLP. The two firms’ announcement corresponds with a trend in the sector towards standardizing remuneration, frequently benchmarked against the pay bands dictated by influential and prominent firms.
Both Arnold & Porter and Massumi & Consoli are respected players in the legal field, each offering a prestigious suite of services and boasting substantial clientele lists. Their decision to mirror the salary scales of Cravath Swaine & Moore, a well-established entity in the world of legal services, is consistent with their standing in the industry.
For more detailed insights and analysis of this compensation subject, legal professionals can refer to the specific Law360 article on this topic.