Cravath, Swaine and Moore's office in New York. Courtesy photo Cravath Exceeds Milbank Salary Scale for Senior Associates
Cravath said it will also match last year's year-end bonus scale, and foreign associates will receive the bonus corresponding to the calendar year in which they started. Paul Hastings and McDermott said they will match the Cravath scale.
November 28, 2023 at 04:34 PM
2 minute read
The original version of this story was published on The American Lawyer
Cravath, Swaine & Moore will exceed the associate salary scale set by Milbank for midlevel and senior associates, according to a Tuesday memo.
The first three classes of associates will see a $10,000 raise—the same as Milbank's scale—while the class of 2020 will see a $15,000 raise and the classes of 2019, 2018 and 2017 will see a $20,000 raise, according to a Cravath memo about the changes, which was first published on Above the Law. The new base salary is effective Jan. 1. A firm representative declined to comment.
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