Money, money, money – and even more money: this is what Biglaw companies give out to their employees thanks to Cravath’s pay scale, which is quickly compared to the masses. The last company to adopt the Kravat scale was the one that matched the Davis Polk scale less than a week ago.
The company we are talking about is Debevoise, a company ranked 31st in the last Am Law 100, with $ 1,224,942,000 gross revenue in 2020. On February 23, the company paid salaries up to $ 406,500, and today , on March 1, the company pays salaries that are much, much higher.
Here’s what the Cravath scale in Debevoise will look like:
2021: $ 215,000
2020: $ 225,000
2019: $ 250,000
2018: $ 295,000
2017: $ 345,000
2016: $ 370,000
2015: $ 400,000
2014: $ 415,000
2013 and older: $ 425,000
Keep in mind that Debevoise again offers more money to its most experienced employees. Nine-year-olds and older will receive salaries of $ 425,000.
The reraise of the company is retroactive until January 1. Congratulations for the second time!
(Refer to the next page to read the full note from Debevoise.)
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Stacey Zaretsky is a senior editor at Above the Law, where she has worked since 2011. She would love to hear from you, so feel free to email her with any advice, questions, comments or criticisms. You can follow her Twitter or contact her on LinkedIn.
