Top Law Firms Match New Davis Polk Associate Salary Scale (3)

Several major law firms are matching rival Davis Polk & Wardwell’s new salary scale to reward midlevel and senior associates with a larger pay day.

Kirkland & Ellis, Paul Weiss Rifkind Wharton & Garrison, and Simpson Thacher & Bartlett are among the firms who announced Wednesday that they’re ratcheting up salaries on a scale that will see their most senior associates receiving $396,500 per year. The move—also announced by McDermott Will & Emery, Cleary Gottlieb Steen & Hamilton, Debevoise & Plimpton, Ropes & Gray and Dechert—matches Davis Polk’s new scale, which was announced by the Wall Street firm on Tuesday. ...