More than a week after Cravath, Swaine & Moore announced a new scale for associate salaries, triggered by Milbank, Tweed, Hadley & McCloy’s increases, the list of major New York and national firms matching the raises continues to grow.

According to an internal firm memo on Thursday afternoon, Shearman & Sterling told its associates that it was increasing their salaries to the scale set by Cravath, effective next month, with starting salary at $190,000 and eighth-year associate salary at $340,000:

  • Class of 2017 – $190,000
  • Class of 2016 – $200,000
  • Class of 2015 – $220,000
  • Class of 2014 – $255,000
  • Class of 2013 – $280,000
  • Class of 2012 – $305,000
  • Class of 2011 – $325,000
  • Class of 2010 and above – $340,000

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