This past spring, before Davis Polk entered the scene with its glorious $205K starting salary scale, numerous firms raised associate salaries in the wake of DLA Piper’s move to a national payscale (the former prevailing $190K salary scale) for all of its offices. Slowly but surely, other firms began to follow in DLA’s footsteps: first came Alston & Bird, then came King & Spalding, and third in line was Taft Law (the firm formerly known as Taft Stettinius & Hollister prior to its merger with Briggs and Morgan).
With salaries now even higher than they were in April when the firm made its move, Taft has decided to increase salaries yet again. Since the firm’s first set of raises weren’t effective until July 1, management is going to allow those to marinate for a bit before enacting its new salary structure, which will be effective October 1.
- Chicago: From $190,000 to $195,000
- Cincinnati, Columbus, and Dayton: From $135,000 to $140,000
- Cleveland and Indianapolis: From $145,000 to $150,000
- Minneapolis: From $150,000 to $180,000
Note that while all of these starting salaries aren’t matching the Davis Polk scale, that bump for Minneapolis associates really packs a punch.
According to a press release, in addition to increase for first-year attorneys, the firm will offer “corresponding increases in salaries for all associates throughout the firm, together with an enhanced firm-wide, incentive-based bonus program for all associates to reward both objective and intangible contributions to Taft.”
They may not be match the major market salaries, but more money is more money, so congratulations to all associates at the firm.
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Staci Zaretsky is a senior editor at Above the Law, where she’s worked since 2011. She’d love to hear from you, so please feel free to email her with any tips, questions, comments, or critiques. You can follow her on Twitter or connect with her on LinkedIn.