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Cravath Tops Milbank's Associate Pay Scale

Law360 (June 11, 2018, 4:18 PM EDT) -- Cravath Swaine & Moore LLP on Monday announced plans to top the mid- and senior-level associate pay scale set forth a week ago by Milbank Tweed Hadley & McCloy LLP.

Pressure to raise associate pay in BigLaw previously came in 2016, when Cravath set first-year attorney annual salaries at $180,000, before bonuses. The move happened nearly a decade after Simpson Thacher & Bartlett LLP made $160,000 per year the new standard in BigLaw for starting salaries.

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