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More Law Firms Follow Cravath's Lead On Associate Pay

Law360 (June 20, 2018, 7:20 PM EDT) -- Munger Tolles & Olson LLP, Baker McKenzie, Schulte Roth & Zabel LLP and Brown Rudnick LLP have raised associate pay in the U.S. to match the new scale set by Cravath Swaine & Moore LLP last week, offering first-year associates a salary of $190,000, according to internal memos that have become public. 

The four law firms followed in the footsteps of a slew of others that have raised associate pay this month after Milbank Tweed Hadley & McCloy LLP hiked its base pay from a scale starting...
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