Credit: Alexander Zaitsev/Adobe stock Davis Polk Tops Milbank Scale for US Senior Associates
The firm said salaries for non-U.S. associates and fee earners and other attorneys with special arrangements will be determined and communicated separately, and counsel compensation will also be addressed separately.
February 22, 2022 at 02:18 PM
2 minute read
The original version of this story was published on The American Lawyer
Davis, Polk & Wardwell, which has become the leader in setting industry compensation for associates, has matched the raises announced by Milbank last month for associates in classes 2021-2019 while raising the scale about 3% for those in the 2018-2014 classes.
The full scale is below (bold indicates 3% lift over Milbank scale):
- Class of 2021: $215,000
- Class of 2020: $225,000
- Class of 2019: $250,000
- Class of 2018: $293,500
- Class of 2017: $335,000
- Class of 2016: $360,500
- Class of 2015: $381,000
- Class of 2014+: $396,500
In a firm email on Tuesday obtained by Law.com, Davis Polk chair and managing partner Neil Barr said the raises "are retroactive to January 1, 2022, for associates employed by the firm and in good standing on March 15, 2022."
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