White & Case will raise associate salary rates in New York in line with Cravath, Swaine & Moore but has opted to keep its U.K. rates at the levels set last year.
Associates working in all U.S. offices paid on the firm’s New York scale will see salaries increase in line with the Cravath scale, paying first-year associates $190,000.
London associates will continue to progress through the firm’s pay bands but the rates have been frozen at last year’s level, which means newly qualified lawyers will take home £105,000 ($139,426).
The U.S. firm ramped up pay for U.K. associates by up to 19 percent last year in its bid to bolster its position in London, matching the £105,000 newly qualified rate set by Shearman & Sterling earlier that year.
The rise meant the pay for newly qualified lawyers increased from £90,000 ($119,508) to £105,000 ($139,426). Pay for lawyers with one year’s post-qualification experience jumped by 16 percent to £110,000 ($146,065), and pay for lawyers with two years’ post-qualification experience saw the biggest rise, with a 19 percent jump to £120,000 ($159,344).
While a host of U.S. firms have opted to match Cravath’s rates in the United States, the response has been more mixed than usual, with many still to confirm their plans.
Reed Smith, for example, announced last week that it would not increase associate salaries in any of its offices globally, while Quinn Emanuel Urquhart & Sullivan said that it would be making smaller increases in the U.K. than the United States.
White & Case’s U.S. associates will now be paid according to the following pay scale:
- Class of 2017 – $190,000
- Class of 2016 – $200,000
- Class of 2015 – $220,000
- Class of 2014 – $255,000
- Class of 2013 – $280,000
- Class of 2012 – $305,000
- Class of 2011 – $325,000
- Class of 2010 – $340,000
Other firms paying the same as Cravath in the U.S. include: Milbank, Cleary Gottlieb Steen & Hamilton, Kirkland & Ellis, Ropes & Gray, Skadden, Arps, Slate, Meagher & Flom, Willkie Farr & Gallagher, Davis Polk & Wardwell, Paul Weiss Rifkind Wharton & Garrison, Quinn Emanuel and Sullivan & Cromwell.
The litigation firm Susman Godfrey announced Monday it is exceeding the Cravath associate pay scale by $5,000 at each pay level.