Fenwick & West was super early on the associate raise train, matching the Milbank scale — then the highest in Biglaw — within a day. But the concern for firms fast on the draw is that the scale will change after you’ve already made your big announcement. And that’s what happened — Davis Polk came over the top with a slightly more generous package. Then Cravath matched that DPW scale and a new market standard was born.
But that wasn’t the final word from Fenwick. The firm announced to associates they’d play the re-raise card — matching the new prevailing compensation grid. The firm (which announces salary by tiers, rather than by class year) will be giving associates an extra $5,000-$10,000, effective July 3rd. It’s a move I’m sure will keep associates happy.
Fenwick’s new, new scale:
- T1/L1: $205,000
- T1/L2: $215,000
- T1/L3: $240,000
- T2/L1: $275,000
- T2/L2: $305,000
- T2/L3: $330,000
- T3: $350,000-$375,000
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Kathryn Rubino is a Senior Editor at Above the Law, and host of The Jabot podcast. AtL tipsters are the best, so please connect with her. Feel free to email her with any tips, questions, or comments and follow her on Twitter (@Kathryn1).