When are salaries going to be announced in biglaw?

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rgn122000

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When are salaries going to be announced in biglaw?

Post by rgn122000 » Thu Jun 10, 2021 9:42 am

I feel like this is usually around the time salaries are announced and I'm curious to see if the rising lateral market leads to further increases or if the bonuses are it. Anybody have any idea when their firms are announcing?

JusticeJackson

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Re: When are salaries going to be announced in biglaw?

Post by JusticeJackson » Thu Jun 10, 2021 10:16 am

No one that posts on this website can answer this.


Also, what do you mean by announced? The lockstep chart is out already. So absent a raise in the amounts on the chart (which I believe has happened about 3 times in the last 16+ years), salaries are already announced.

Anonymous User
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Re: When are salaries going to be announced in biglaw?

Post by Anonymous User » Thu Jun 10, 2021 11:07 am

Milbank just announced salary raises

Anonymous User
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Re: When are salaries going to be announced in biglaw?

Post by Anonymous User » Thu Jun 10, 2021 11:08 am

Funny timing. Milbank just announced salary increases of $10k/year from years 1-3, and $15k/year from years 4-8, so class of 2020 is at $200k and class of 2013 is at $355k.

rgn122000

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Re: When are salaries going to be announced in biglaw?

Post by rgn122000 » Thu Jun 10, 2021 11:55 am

Anonymous User wrote:
Thu Jun 10, 2021 11:08 am
Funny timing. Milbank just announced salary increases of $10k/year from years 1-3, and $15k/year from years 4-8, so class of 2020 is at $200k and class of 2013 is at $355k.
That answers my question!

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showusyourtorts

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Re: When are salaries going to be announced in biglaw?

Post by showusyourtorts » Thu Jun 10, 2021 11:58 am

The timing of this post is iconic. Posted a mere 18 minutes before Milkbank moved to 200k.

ExpOriental

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Re: When are salaries going to be announced in biglaw?

Post by ExpOriental » Thu Jun 10, 2021 12:00 pm

OP went from looking like a goober to a prophet in the span of a few hours

rgn122000

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Re: When are salaries going to be announced in biglaw?

Post by rgn122000 » Thu Jun 10, 2021 12:14 pm

ExpOriental wrote:
Thu Jun 10, 2021 12:00 pm
OP went from looking like a goober to a prophet in the span of a few hours
I wear both titles with pride.

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Monochromatic Oeuvre

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Re: When are salaries going to be announced in biglaw?

Post by Monochromatic Oeuvre » Thu Jun 10, 2021 12:30 pm

rgn122000 on Milbank's comp committee confirmed

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doublefocus4

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Re: When are salaries going to be announced in biglaw?

Post by doublefocus4 » Thu Jun 10, 2021 3:07 pm

Agreed.

JusticeJackson

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Re: When are salaries going to be announced in biglaw?

Post by JusticeJackson » Thu Jun 10, 2021 4:12 pm

ExpOriental wrote:
Thu Jun 10, 2021 12:00 pm
OP went from looking like a goober to a prophet in the span of a few hours
My trajectory went the opposite direction, but assuming my firm matches I’m still hyped.

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