What better way to end the week than a big increase? This is what the management of many companies thinks today, because Biglaw is swimming in cold, hard money.
The latest company to increase employees’ salaries is Orrick, which is currently ranked 35th in the Am Law 100, with $ 1,152,850,000 in gross revenue in 2020. The company meets Cravath’s currently prevailing salary scale, which exceeds 0 $ 0 for senior, 0.
Here’s what Orrick’s new pay scale looks like:
This new salary scale will take effect on January 1, 2022, and employees will see the money in their salaries on March 31. Congratulations to everyone in the company!
(Turn to the next page to see the full note from Orik.)
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Stacey Zaretsky is a senior editor at Above the Law, where she has been working 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.
