Fourth-Year Associates on Cravath Scale Earned $400K. How Can Other Firms Respond?
"I don't worry about the Cravaths of the world," said LawVision's Joe Altonji. "It trickles down, even though they don't all match the market leaders."
February 15, 2022 at 11:09 AM
5 minute read
Lawyer Compensation - GeneralThe original version of this story was published on The American Lawyer
If you were a fourth-year associate at a firm on the Cravath scale in 2021, you would likely have brought home nearly $400,000 in total compensation, including multiple rounds of bonuses and a mid-year salary raise. That's more than the average profit per equity partner figure at some Am Law Second Hundred firms in 2020.
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