Akin Gump joins salary bump set in motion by Cravath

June 26, 2018 Akin Gump Strauss Hauer & Feld has raised its salaries globally, following the recent trend set by Cravath Swaine & Moore’s pay scale hike.

Akin Gump’s starting pay for associates will now be $190,000, with a rising trajectory to $340,000. The change will take place on 1 July, with bonuses up to $25,000 also being awarded.

The US firm joins a long line of others that have recently upped their pay scales, including catalyst Cravath and first follower Milbank Tweed Hadley & McCloy, as well as Simpson Thacher & Bartlett, Quinn Emanuel Urquhart & Sullivan, Kirkland & Ellis, and Fried Frank Harris Shriver & Jacobson.

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