Bloomberg Law
Jan. 24, 2022, 5:44 PM

Baker McKenzie Matches Associate Salaries Starting at $215,000

Roy Strom
Roy Strom

Baker McKenzie, one of the world’s largest law firms by headcount, is matching a new associate salary scale as firms ramp up their competition for talent in a tight market.

The move, retroactive to Jan. 1, adds $10,000 to $20,000 in pay for lawyers with between one and eight years of experience. The raises bring salaries to $215,000 for first-year associates and $385,000 for eight-year veterans, according to a memo from the Chicago-headquarterd firm obtained by Bloomberg Law.

Big Law firms are expected to report a record year in 2021, driven by a boom in corporate dealmaking and financings. Baker ...

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