Associates at Biglaw companies that weren’t among the many first to match Milbank’s new wage scale actually had a protracted weekend — even associates at a number of the wealthiest legislation companies within the nation. Luckily, one among our nation’s Biglaw behemoths simply got here via for its U.S. associates.
Baker McKenzie, a agency that introduced in $2,899,834,000 gross income in 2020, making it the No. 4 agency within the newest Am Law 100 rating, introduced right now that it could be matching the brand new prevailing wage scale. The agency matched the second Davis Polk one-upped Milbank in the course of the (*5*)final spherical of raises, and this time, took the weekend to let the mud to settle earlier than matching.
Here’s Baker McKenzie’s new wage scale:
The agency’s wage will increase are retroactive to January 1, and associates will see extra money of their February 11 paychecks. Congratulations to everybody!
(Flip to the subsequent web page to see the total memo from Baker McKenzie.)
Remember everybody, we rely in your tricks to keep on high of these things. So when your agency matches, please textual content us (646-820-8477) or e-mail us (topic line: “[Firm Name] Matches Milbank”). Please embrace the memo if out there. You can take a photograph of the memo and ship it by way of textual content or e-mail in the event you don’t wish to ahead the unique PDF or Word file.
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Staci Zaretsky is a senior editor at Above the Law, the place she’s labored since 2011. She’d love to listen to from you, so please be happy to e-mail her with any ideas, questions, feedback, or critiques. You can observe her on Twitter or join along with her on LinkedIn.
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