For the most profitable and biggest in Biglaw it is only a matter of time until they raise associate salaries. Once Cravath showed their hand earlier this week, if you want to recruit and retain elite legal talent, you have to respond to the new market standard on compensation. With $2,150,365,000 in gross revenue last year making it #15 on the Am Law 100 ranking, Simpson Thacher is definitely elite.
New compensation grid at Simpson is as follows, effective January 1: Class Year 2024 Annual Salary Class of 2023 $225,000 Class of 2022 $235,000 Class of 2021 $260,000 Class of 2020 $310,000 Class of 2019 $365,000 Class of 2018 $390,000 Class of 2017 $420,000 Class of 2016 $435,000
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