Once known as Bracewell & Giuliani, Bracewell has successfully reestablished itself, free from its prior associations, and has reached No. 121 on the Am Law 200 with $303M in gross revenue last year. Now, it is reported that the law firm is set to match Cravath salaries from the beginning of next year.
For clarity’s sake, here is the breakdown of what matching Cravath entails:
- Class of 2023 – $225K
- Class of 2022 – $235K
- Class of 2021 – $260K
- Class of 2020 – $310K
- Class of 2019 – $365K
- Class of 2018 – $390K
- Class of 2017 – $420K
- Class of 2016 and before – $435K
It is worth noting that while Bracewell has committed to match the Cravath salary scale, the firm has not made a move on the bonus issue yet. However, don’t rule out the possibility of Bracewell eventually matching bonuses, considering that providing competitive salaries is usually the major challenge.
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