Cravath Swaine & Moore is raising its salary scale for midlevel and senior associates, the latest move in an ongoing pay war among some of the world’s richest law firms.
The Wall Street firm, which has historically been the leader in associate compensation, announced its new scale on Monday in a memorandum first reported by Above the Law. The memo was sent by presiding partner Faiza Saeed, managing partner of Cravath’s corporate department George Zobitz and litigation department managing partner Karin DeMasi.
Cravath’s most senior associates will see annual pay rise to $415,000, an increase of $18,500 over the ...
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