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Wake Up Call: Cravath, DLA Match Davis Polk on Associate Pay

June 17, 2021, 12:17 PM

In today’s column, around nine more firms announced salary hikes for associates Thursday in another sign of the rising competition for talent; in another sign, Germany’s once quiet lateral market is hot; in California, Quinn Emanuel launched an artist-in-residence program.

  • Leading off, Cravath, Swaine & Moore, the firm that until recently set the standard for associate pay raises, this time is settling for matching Davis Polk’s scale, which runs from $202,500 to $365,000 per year, depending on year of seniority. DLA Piper, No. 3 on recent Am Law rankings, was also among several firms that matched the scale yesterday, reports say. Schulte Roth & Zabel is matching the scale, and adding a $375,000 peg for associates hired in 2012. (Above the Law)
  • Other firms matching Davis Polk’s notch include U.K. elite firm Freshfields, Wilson Sonsini Goodrich & Rosati, California boutique firm Hueston Hennigan, and New York-headquartered Seward & Kissel. Meanwhile, Norton Rose Fulbright’s salary hikes match the Davis Polk scale, but only for associates in some offices, and Seyfarth Shaw announced salary hikes that are under the scale. (Above the Law)
  • Remote working because of the pandemic and a rise in new technologies have contributed to a surge in intellectual property law firms’ talent hires away from tech companies’ in-house legal departments, according to this European-focused report. (Financial Times) Germany’s lateral market used to be quiet, but this year a surging private equity market and other factors have fueled a lot of high-profile moves in the country. (Law.com International)

Lawyers, Law Firms

  • The Knight Foundation announced a $245,000 grant to help expand a pro bono pilot First Amendment program started last year by Microsoft and Davis Wright Tremaine to provide legal services to local journalists and newsrooms. The Reporters Committee for Freedom of the Press said it’s joining the effort; Quinn Emanuel Urquhart & Sullivan launched an artist-in-residence program that will offer emerging and mid-career artists in the L.A. area funding, a place to work, and an exhibition of their work. (QuinnEmanuel.com)
  • Law partner David Antzis, former managing partner of the firm now known as Saul Ewing Arnstein & Lehr, is asking other Pennsylvania lawyers and law firms for help in raising $1 million to fight food insecurity. So far he’s raised $620,000, with Cozen O’Connor and BakerHostetler among the firms contributing. (Pennsylvania Business Journal)
  • A new survey finds a wide gender pay gap for U.S. and EU privacy professionals. (Corporate Counsel)

Laterals, Moves, In-house

  • Davis Wright Tremaine got back entertainment industry veteran Brad Miller, who among other things guided the launch of AMC Network’s “The Walking Dead” series and most recently was in-house at Amazon Studios. Miller rejoins DWT as a partner in its media & entertainment practice in Los Angeles; Duane Morris recruited former administrative patent judge Monté Squire as IP partner in Wilmington, De. Squire spent six years on the Patent Trial and Appeal Board for the U.S. Patent and Trademark Office in Alexandria, Va.; Mintz got high-technology patent attorney Frank Gerratana as a member in the firm’s IP division in Boston. He arrives after 14 years at Fish & Richardson. (Mintz)
  • K&L Gates hired two blockchain and digital-currency specialists as partners from Carlton Fields. Andrew Hinkes joined in Miami and Justin Wales will split his time between Miami and Los Angeles; Winston & Strawn hired tax partner David Stauber from Troutman Pepper in New York. (PRNewswire)
  • San Diego-based Crinetics Pharmaceuticals Inc. said it hired pharmaceutical industry in-house veteran Garlan Adams as its first-ever general counsel; Bank holding company PacWest Bancorp hired a veteran financial services industry in-house leader, Angela Kelley, as executive vice president, general counsel, and corporate secretary; alternative dispute resolution services provider JAMS said veteran mediator, arbitrator, and special master Michael Lewis is the new board chair of its nonprofit JAMS Foundation. (JAMS)

Technology

  • U.K. listed law firm Gateley said it got hit by a cyberattack; e-discovery software providers say new technology is eliminating the need to manually “train” e-discovery tools (Legaltech News); a new survey report finds first-year law students more satisfied with online learning than students who started law school before the pandemic hit. (ABA Journal)

To contact the correspondent on this story: Rick Mitchell in Paris at rMitchell@correspondent.bloomberglaw.com

To contact the editors responsible for this story: Rebekah Mintzer at rmintzer@bloomberglaw.com; Darren Bowman at dbowman@bloomberglaw.com

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