It`s none other than Taft Law (the firm formerly known as Taft Stettinius & Hollister before its merger with Briggs and Morgan), a firm where salaries have been rising since April. As previously mentioned, the company`s first increases did not take effect until July 1, and the second group of increases will not take effect until October 1. Employees no longer have to wait for their third round of increases, as they will also take effect on October 1. This time, each of the company`s Ohio offices received another raise. Congratulations to everyone at Taft on their well-deserved raises. Which company will be the next to share wealth with its employees? The company will not increase its requirement of 1,850 billable hours in light of these increases, which is even better for employees. Congratulations to all. Maybe the company will finally hit the market before the end of the year. Compensation & BenefitsTaft offers a competitive starting salary to our new employees. As of January 1, 2023, our starting salary is $205,000 in Chicago, $190,000 in Minneapolis, $175,000 in Cleveland and $165,000 in Cincinnati, Columbus, Dayton and Indianapolis. And if you`d like to sign up for ATL`s bonus notifications (the alert list we also use for salary announcements), please scroll down and enter your email address in the box below this post. If you`ve already signed up for bonus notifications, you don`t need to do anything.
You will receive an email notification within minutes of each bonus announcement we publish. Robert J. Hicks, president and managing partner of Taft, said of the increases: “As salaries continue to rise at Biglaw, the only way to compete to attract and retain talent is to continue offering raises to employees. A company knows this all too well because it has just been informed of its third round of increases. Yes, you read that right. This company has increased its employees` salaries three times so far in 2021. But it still hasn`t reached the starting salary of $205,000 that employees have long dreamed of. Which company could it be? Last March, after wrapping up an incredibly successful exercise despite all the adversity in the face of a pandemic, DLA Piper decided it was high time to raise salaries for employees outside of its main marketplaces. Slowly but surely, other companies followed in DLA`s footsteps: first Alston & Bird, then King & Spalding. Part of our “Play to Win” strategy is to hire great talent, both on campus and laterally.
To achieve this, we must do everything right, including offering highly competitive compensation and benefits in each of our markets. Given our strong financial performance and growth, this strategy, under the leadership of our Executive Committee, is delivering clear results for the company and our clients. The firm`s Chicago office is the only one that tracks the prevailing market price for most major law firms. Will the bonuses of this office also correspond to the prevailing market prices? Time will tell. Please write us a line – text (646-820-8477) or email (subject line: “[company name] increases salary”) – if you know that another company is doing a compensation step. Please attach the memo if available. You can take a picture of the memo and send it via SMS or email if you don`t want to transfer the original PDF or Word file. All sources will be treated confidentially. Taft`s target of 1,850 billable hours remains unchanged, and these salary increases are in addition to Taft`s annual performance improvements and year-end employee bonus plan. We depend on your advice to keep track.
If your business matches, please text us (646-820-8477) or send us an email (subject line: “[company name] Correspondences”). Please attach the memo if available. You can take a picture of the memo and send it via SMS or email if you don`t want to transfer the original PDF or Word file. This is Midwestern law firm Taft Stettinius & Hollister, which now operates as Taft Law after its merger with Briggs and Morgan of Minneapolis in early 2020. Starting July 1, the company will increase salaries for all employees by $10,000 and will also increase first-year salaries based on the following matrix: Employee Raise 2021, Employee Compensation, Biglaw, Bonus, Money, Taft, Taft Law Here`s what Lisa Watson, Taft`s Director of Recruitment, had to say about the increases: In addition, Taft offers a full range of services and educational support. Effective January 1, 2023, Taft announces the following increase in starting salaries: Staci Zaretsky is an editor-in-chief at Above the Law, where she has worked since 2011. She would love to hear from you, so feel free to email her with tips, questions, comments or criticism. You can follow her on Twitter or connect with her on LinkedIn. We are in the talent business. The market has become hypercompetitive for top talent and this decision is based on understanding current trends and thinking long-term. Our ability to hire the best talent is critical to providing exemplary customer service and achieving all of our quality, cultural – including diversity and inclusion – and financial goals.