How numerous Davis Polk matches will Biglaw see proper now? Corporations of all stripes are finally popping out of hiding to undertake the compensation chief’s producer new pay out scale, and so they can’t look to match it promptly adequate.
The most recent entrant within the 2022 wage wars is Simpson Thacher & Bartlett, a company rated at No. 14 in essentially the most present Am Laws 100. Having launched in $1,844,627,000 gross earnings in 2020, the company can completely pay for these raises. Right here’s what the DPW wage scale appears to be like at STB:
As a minimal cherry on main, Simpson seems to be having this tough money all through the pond to its workplace setting in London, during which English legislation competent associates with sterling-dependent cost will receive proportionate wage will enhance.
Congratulations to utterly everybody on the company!
(Flip to the following webpage to undergo the entire memo from Simpson Thacher.)
Keep in mind all folks, we depend on your tricks to carry on main of this issues. So when your organization matches, keep in mind to textual content material us (646-820-8477) or electronic mail us (topic line: “[Firm Name] Matches”). It is best to embody issues just like the memo if available. You will get a picture of the memo and ship it by utilizing textual content material or electronic mail when you actually do not need to forward the primary PDF or Phrase file.
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Staci Zaretsky is a senior editor at Increased than the Legislation, precisely the place she’s labored contemplating the truth that 2011. She’d actually like to listen to from you, so please really feel freed from cost to email correspondence her with any concepts, queries, responses, or critiques. You may stick with her on Twitter or hyperlink together with her on LinkedIn.