Davis Polk & Wardwell, which has become the leader in setting industry compensation for associates, has matched the raises announced by Milbank last month for associates in classes 2021-2019 while raising the scale about 3% for those in the 2018-2014 classes. 

The full scale is below (bold indicates 3% lift over Milbank scale): 

  • Class of 2021: $215,000
  • Class of 2020: $225,000
  • Class of 2019: $250,000
  • Class of 2018: $293,500
  • Class of 2017: $335,000
  • Class of 2016: $360,500
  • Class of 2015: $381,000
  • Class of 2014+: $396,500