The First Biglaw Firm To Make It Rain On Associates With A $205K Davis Polk Salary Match
Money, money, money! Biglaw associates will see lots of it this summer.
We knew it would only be a matter of time before the first high-roller firm woud emerge to match Davis Polk’s over-the-top new salary scale for associates, but we thought it would take days for this to happen, not mere hours.
Baker McKenzie wants to make it known that it’s a leader in compensation, and now it’s got the chance to do just that. After leading the pack on year-end bonuses in 2020, the firm is now the first to match the DPW $205,000 salary scale.
“Our associates make important contributions to our clients every day, and we believe it’s important to recognize those contributions, especially in light of the many challenges brought on by the pandemic, said Colin Murray, North America Chief Executive Officer. The salary increase for U.S. associates at the firm will take effect on July 1. Here’s what the salary scale looks like at Baker McKenzie:
Congratulations to everyone at the firm! Get ready, because this summer is going to be full of cold, hard cash for Biglaw associates.
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Staci Zaretsky is a senior editor at Above the Law, where she’s worked since 2011. She’d love to hear from you, so please feel free to email her with any tips, questions, comments, or critiques. You can follow her on Twitter or connect with her on LinkedIn.
