Bloomberg Law
June 2, 2017, 12:17 PM UTC

Wake Up Call: Associate Pay Stagnates, Despite Cravath Bump

• Last year’s Cravath-inspired wave of Big Law firms hiking junior lawyer pay to $180,000 does not appear to have benefited first-year associate pay at smaller firms. First-year wages stagnated at a median of $135,000 at firms nationwide, according to new data. ( Law.com )

• An accountant who tipped off the IRS to alleged tax evasion by Caterpillar Inc. stands to make $600 million, which would make him the best paid whistleblower of all time. The company, which faces a huge tax adjustment and possible criminal charges, among other things has hired former Attorney General William Barr of Kirkland & Ellis LLP for advice. ( Bloomberg Businessweek ...

Learn more about Bloomberg Law or Log In to keep reading:

Learn About Bloomberg Law

AI-powered legal analytics, workflow tools and premium legal & business news.

Already a subscriber?

Log in to keep reading or access research tools.