Milbank launched the wage war in January, announcing a new salary scale that increased the starting salary for first-year employees from $205,000 to $215,000. Salaries for second-, third- and fourth-year employees increased by $10,000 below this scale, while mid- and senior-level employees increased by $20,000. McDermott was previously one of the few law firms to say it would fit Milbank`s salary range. Kirkland & Ellis pays the employees of each promotion at the top of the market. The starting salary is $160,000. All offices in the United States have the same salary range. Kirkland & Ellis` profit per partner in 2009 – the most recent year for which data is available – was $2,495,000, placing the firm in the 94th percentile. We depend on your advice to keep track. If your business matches, please text us (646-820-8477) or send us an email (subject line: “[company name] Correspondences”). Please attach the memo if available. You can take a picture of the memo and send it via SMS or email if you don`t want to transfer the original PDF or Word file. The best law firm in the country might be able to get you there! Submit your resume to BCG Attorney Search today: CLICK HERE Paul Weiss President Brad Karp said the company will also adjust the new payroll in a note seen by Bloomberg Law.

Karp said additional bonuses will be paid to consultants and employees who have made “disproportionate contributions” to the company and its clients in the second half of 2021, according to their special bonus package announced last fall. Several large law firms are aligning themselves with rival Davis Polk & Wardwell`s new salary scale to reward middle-aged and older employees with higher pay. “As always, we look forward to paying for our incredible talent at the top of the market and will continue to keep pace,” McDermott President Ira Coleman said in a memo to company staff, which was seen by Bloomberg Law announcing the increases. All companies indicated that the changes would apply retroactively to January 1 of this year. The country`s No. 1 company — known for its above-market bonuses — generated gross revenue of $4,830,000,000 in 2020, but won`t shake the market when it comes to increases. Here, the company is not a leader, but a follower. Kirkland offers his employees a Davis Polk match.

Here`s what the new salary scale looks like at K&E (full note on next page): The salary increases come in an increasingly competitive market for top talent among top law firms, many of whom have reached new highs in revenue and earnings in 2021. And if you`d like to sign up for ATL`s bonus notifications (the alert list we also use for salary announcements), please scroll down and enter your email address in the box below this post. If you`ve already signed up for bonus notifications, you don`t need to do anything. You will receive an email notification within minutes of each bonus announcement we publish. As expected, now that Cravath has signed on to Davis Polk`s latest round of salary increases, major law firms of all stripes have come flooding their employees with mountains of money. Now, the world`s most profitable law firm has decided to offer a contribution. The Company will also throw a bone to its overburdened and underpaid non-capital partners (“Non-Equity Partners” or “PSN”). For these name partners only, we hope K&E`s new high salaries are worth the pressure. Kirkland & Ellis, Paul Weiss Rifkind Wharton & Garrison and Simpson Thacher & Bartlett are among the companies that announced Wednesday that they are raising wages by an order of magnitude where their oldest employees will receive $396,500 a year. The decision, also announced by McDermott Will & Emery, Cleary Gottlieb Steen & Hamilton, Debevoise & Plimpton, Ropes & Gray and Dechert, corresponds to the new scale of Davis Polk, announced Tuesday by the Wall Street firm. Here are some of the benefits, services and progressive programs available to lawyers: Alternative hours: Lawyers may request an alternate work schedule to accommodate their personal circumstances. This does not mean that they are deducted from performance-based pay or career development opportunities.

Domestic Partner Coverage: Domestic partners of Kirkland employees are eligible for comprehensive health, dental and vision insurance. Parental and adoption leave: All primary caregivers are entitled to at least 16 weeks of paid parental leave, regardless of whether the child is newborn or adopted. Lawyers may also request additional leave without pay. Parenting Link: This program provides Kirkland lawyers, their spouses, and other practical information provided by parenting experts. It is a forum for parents to connect in an informal environment. “We see this as the foundation of our value proposition for you, even as we continue to evolve and expand our platform as a leading career accelerator in our profession,” Coleman said in the memo. (Scroll down to the next page to see Kirkland`s full memo.) What does Kirkland & Ellis intend to bring to the table? VIDEO: Big Law`s Big Paychecks: Explanation of partner compensation.