Corporate law salary progression

Milbank, Davis Polk, Cravath have upped associate salaries Pay scale has ratcheted up three times this year amid talent war An ongoing pay war is making lawyers at some of the top firms in the world more money than ever before.
It’s also exposing a growing fault line between the richest firms and everyone else.

Most Biglaw firms are located in the major U.S. cities.
Lawyers working in Biglaw are generally paid on the Cravath scale, which is a system of lockstep associate compensation based on the number of years out of law school and paid to New York lawyers working at Cravath.

Cravath is the latest law firm to revise its lockstep pay system.
Milbank, Davis Polk, Cravath have upped associate salaries Pay scale has ratcheted up three times this year amid talent war An ongoing pay war is making lawyers at some of the top firms in the world more money than ever before.