Salaries and hours

Cravath announces its first pay rise since 2007... and the rest of the salaries for 2016

Dollars

Let the pay rise frenzy commence: on June 6th Cravath announced its first firm-wide pay hike since 2007. The first year salary has increased by $20,000 to a market-topping $180,000 and the same with the second year salary to $190,000. After some insubordination in the New York bonus market two seasons ago, Cravath has reasserted itself as the trendsetter.

We are updating this survey as firms announce, so check this table throughout the summer. 

If we've missed your firm's update, please let us know and we'll correct the table. 

Firm

1st year salary

2nd year salary

Billable hours

Akin Gump Strauss Hauer & Feld LLP

$180,000

$190,000

No official requirement

Allen & Overy LLP

$180,000

$190,000

2,000 target

Alston & Bird LLP

$155,000 - $180,000

U

1,900 target

Arnold & Porter LLP

$180,000

U

2,000 required

Axinn, Veltrop & Harkrider LLP

$150,000 - $160,000

$170,000

1,850 target

Baker & McKenzie

$180,000 in most offices

U

2,000 required

Baker Botts LLP

$180,000

U

2,000 required

Bracewell LLP

$180,000

$190,000

2,000 target (reduced 1,800 target option)

Brown Rudnick LLP

$160,000 - $180,000

$165,000 - $190,000

1,900 required

Cadwalader, Wickersham & Taft LLP

$180,000

$190,000

No requirement

Cahill Gordon & Reindel LLP

$180,000

$190,000

No requirement

Chadbourne & Parke LLP

$160,000

$170,000

1,900 target

Choate Hall & Stewart LLP

$180,000

$190,000

1,900 required

Cleary Gottlieb Steen & Hamilton LLP

$180,000

$190,000

No requirement

Clifford Chance US LLP

$180,000

$190,000

No requirement

Cooley LLP

$180,000

$190,000

1,950 target

Cozen O'Connor

$125,000- $155,000

U

U

Cravath, Swaine & Moore LLP

$180,000

$190,000

No requirement

Crowell & Moring LLP

$180,000

$190,000

1,900 target

Curtis, Mallet-Prevost

$160,000

$170,000

No requirement

DLA Piper LLP (US)

$180,000

$190,000

No requirement

Davis Polk & Wardwell LLP

$180,000

$190,000

No requirement

Debevoise & Plimpton LLP

$180,000

$190,000

1,950 target

Dechert LLP

$145,000 - $160,000

U

2,000 target

Duane Morris LLP

$160,000

U

1,950 required

Dykema Gossett PLLC

$115,000 - $145,000

Not lockstep

1,950 required

Epstein Becker & Green PC

U

U

1,950 required

Fenwick & West LLP

$180,000

$190,000

1,950 required (1,800 reduced)

Finnegan

$180,000

$190,000

2,000 required

Fish & Richardson PC

$180,000

$190,000

1,900 required

Fitzpatrick, Cella, Harper & Scinto

$180,000

U

2,160 target

Foley & Lardner LLP

$140,000 - $180,000

Varies

1,850 required

Fox Rothschild LLP

$110,000 - $145,000

Not lockstep

1,850 required ( 1,900 required in litigation)

Freshfields Bruckhaus Deringer LLP

$180,000

$190,000

U

Fried, Frank

$180,000

$190,000

2,000 target

Gibbons P.C.

U

$135,000 plus clerkship bonus

1,980 requirement

Gibson, Dunn & Crutcher LLP

$180,000

$190,000

U

Goodwin Procter LLP

$180,000

$190,000

1,950 target

Goulston & Storrs

$160,000

U

No requirement

Greenberg Traurig, PA

$110,000 - $180,000

U

No official formal target

Hangley Aronchick

$135,000

U

U

Harris, Wiltshire & Grannis LLP

$168,000

$175,000

No requirement

Haynes and Boone, LLP

$180,000

$190,000

U

Hogan Lovells

$180,000 in most offices

$190,000 in most offices

1,800 – 2,000  requirement ( varies by location)

Holland & Knight LLP

$160,000

$170,000

1,900 required

Hughes Hubbard & Reed LLP

$180,000

$190,000

1,950 target

Hunton & Williams LLP

$145,000-$160,000

U

2,000 target

Irell & Manella LLP

$180,000

$190,000

2,000 target

Jackson Walker LLP

$180,000

U

1,950 target

Jenner & Block LLP

$180,000

$190,000

2,000 target

Jones Day

Up to $180,000 depending on location

U

2,000 required

K&L Gates

Up to $180,000

U

No requirement

Kasowitz

$180,000

$190,000

U

Katten Muchin Rosenman LLP

$180,000

$190,000

2,000 required

Kaye Scholer LLP

$180,000

$190,000

1,800 target

Kilpatrick Townsend & Stockton LLP

$135,000 – $180,000

$140,000 – 195,000

1,850 (level 1) 1,900 (level 2) targets

King & Spalding LLP

$180,000

$190,000

No requirement

Kirkland & Ellis LLP

$180,000

$190,000

No requirement

Kramer Levin Naftalis & Frankel LLP

$180,000

$190,000

No requirement

Latham & Watkins LLP

$180,000

$190,000

1,900 target

Linklaters

$180,000

$190,000

No requirement

Lowenstein Sandler LLP

Up to $180,000

U

No requirement

Marshall, Gerstein & Borun LLP

$160,000

U

1,950 required

Mayer Brown LLP

$180,000

$190,000

2,000 required

McGuireWoods LLP

$115,000 – $155,000

U

1,950 required

Milbank, Tweed, Hadley & McCloy LLP

$180,000

$190,000

No requirement

Mintz Levin

$160,000

$170,000

No requirement

Morgan, Lewis & Bockius LLP

$180,000 (NY scale)

$190,000 (NY scale)

No requirement

Morrison & Foerster LLP

$180,000

$190,000

U

Munger, Tolles & Olson LLP

$180,000

$190,000

U

Nixon Peabody LLP

$180,000

U

1,850 required

Norton Rose Fulbright

$180,000

U

No requirement

Nutter McClennen & Fish LLP

$145,000

Not lockstep

1,900 required

O'Melveny & Myers LLP

$180,000

$190,000

No requirement

Orrick, Herrington & Sutcliffe LLP

$165,000 - $180,000

Up to $190,000

1,950 target

Patterson Belknap Webb & Tyler LLP

$180,000

$190,000

1,850 target

Paul Hastings LLP

$180,000

$190,000

2,000 target

Paul, Weiss

$180,000

$190,000

No requirement

Pepper Hamilton LLP

$150,000 - $160,000

U

1,940 target

Perkins Coie LLP

$100,000 - $160,000

$105,000 - $170,000

1,800 – 1,950 requirement

Pillsbury Winthrop Shaw Pittman LLP

$180,000

$190,000

1,950 target

Proskauer Rose LLP

$110,000 - $180,000

$120,000 - $190,000

No requirement

Reed Smith LLP

$145,000 - $160,000

$150,000 - $170,000

1,900 required

Ropes & Gray LLP

$180,000

$190,000

No requirement

Schulte Roth & Zabel LLP

$180,000

$190,000

2,000 target

Sedgwick LLP

U

U

1,950 required

Seward & Kissel LLP

$180,000

$190,000

2,000 target

Shearman & Sterling LLP

$160,000

$170,000

No requirement

Sheppard, Mullin

$180,000

$190,000

1,950 target

Sidley Austin LLP

$180,000

$190,000

2,000 target

Simpson Thacher & Bartlett LLP

$180,000

$190,000

No requirement

Skadden

$180,000

$190,000

1,800 requirement

Snell & Wilmer LLP

$115,000 - $160,000

U

2,000 target

Squire Patton Boggs

$120,000-$160,000

U

1,950 required (1,900 for first-years)

Sterne, Kessler

$180,000

$190,000

1,900 -2,000 target

Stroock & Stroock & Lavan LLP

$180,000

$190,000

1,800 target

Sullivan & Cromwell LLP

$180,000

$190,000

No requirement

Thompson & Knight LLP

$180,000

$190,000

2,000 target ( 1,900 for first-years)

Vedder Price

$160,000

$165,000 - $170,000

2,000 target

Venable LLP

$160,000

U

1900 required

Vinson & Elkins LLP

$180,000

$190,000

2,000 target

Waller

$115,000

$126,000

1,800 requirement

Weil, Gotshal & Manges LLP

$180,000

$190,000

No requirement

White & Case LLP

Up to $180,000

Up to $190,000

2,000 target

Wiley Rein LLP

$180,000

$190,000

1,950 target

Willkie Farr & Gallagher LLP

$180,000

$190,000

No requirement

WilmerHale

$180,000

$190,000

2,000 required

Winston & Strawn LLP

$180,000

$190,000

2,000 required