Bloomberg Law
June 6, 2016, 9:43 PM UTC

$180K for a First-Year Associate? That’s What Cravath is Paying

Casey Sullivan

Cravath, Swaine & Moore has raised its starting salaries for first year associates to $180,000, the first time the elite New York law firm has increased base salaries for its junior lawyers since 2007, a move that signals increased competition for a shrinking pool of top law graduates.

The raise constitutes a $20,000 increase from the previous year and is effective July 1, according to an internal firm memo provided to Big Law Business by a source at Cravath on the condition of anonymity.

The salary news was first reported by Above the Law .

The memo provides the full associate ...

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