#110: How the Cravath Scale Actually Works in BigLaw for Mid- and Senior-Level Associates
Wed Feb 04 2026
By the time you reach mid-level or senior associate status, the Cravath Scale often stops feeling like a promise and more like a moving target. In this episode, I break down what the scale actually governs, what it never covered, and how discretion quietly replaces transparency as you become more experienced. I explain why base salary uniformity masks wide variation in bonuses, timing, and opportunity, and how firms use the language of "market" and "culture" to justify outcomes that feel inconsistent year to year and group to group. We walk through concrete bonus scenarios, how hour thresholds quietly drift upward, and why performance reviews are comparative rather than absolute.
I also unpack the role of discretionary and special bonuses, including when they signal genuine investment versus when they function as golden handcuffs. Finally, I explain why salary compression at the senior level is structural, not accidental, and how to assess whether staying on scale still makes sense given your responsibilities, leverage, and future prospects.
At a Glance
01:20 Why the Cravath Scale feels predictable early and flexible later
02:37 What the scale actually standardizes and what it never promised
03:35 How discretion replaces transparency for mid- and senior-level associates
04:02 Why bonuses are the first place cracks appear
04:32 How billable hour thresholds quietly move beyond the stated minimum
05:43 Why performance ratings are comparative, not absolute
06:31 How practice group and firm overlays affect identical profiles differently
07:53 How firms "shade around" the scale without openly breaking from it
09:41 When bonuses become forward-looking signals, not rewards
10:42 How to tell reward bonuses from golden handcuffs
12:22 Why senior-level salary compression is structural
13:22 Why waiting without clarity is no longer neutral
14:16 How comp reveals if the firm sees a future partner or a long-term senior associate
14:47 How to assess your effective compensation and leverage over time
15:47 The real question long-tenured associates need to ask themselves
Rate, Review, & Follow on Apple Podcasts & Spotify
Do you enjoy listening to Big Law Life? Please consider rating and reviewing the show! This helps support and reach more people like you who want to grow a career in Big Law.
For Apple Podcasts, click here, scroll to the bottom, tap to rate with five stars, and select "Write a Review." Then be sure to let me know what you loved most about the episode! Also, if you haven't done so already, follow the podcast here!
For Spotify, tap here on your mobile phone, follow the podcast, listen to the show, then find the rating icon below the description, and tap to rate with five stars.
Interested in doing 1-2-1 coaching with Laura Terrell? Or learning more about her work coaching and consulting?
Here are ways to reach out to her:
www.lauraterrell.com
laura@lauraterrell.com
LinkedIn: https://www.linkedin.com/in/lauralterrell/
Instagram: https://www.instagram.com/lauraterrellcoaching/
Show notes: https://www.lauraterrell.com/podcast
More
By the time you reach mid-level or senior associate status, the Cravath Scale often stops feeling like a promise and more like a moving target. In this episode, I break down what the scale actually governs, what it never covered, and how discretion quietly replaces transparency as you become more experienced. I explain why base salary uniformity masks wide variation in bonuses, timing, and opportunity, and how firms use the language of "market" and "culture" to justify outcomes that feel inconsistent year to year and group to group. We walk through concrete bonus scenarios, how hour thresholds quietly drift upward, and why performance reviews are comparative rather than absolute. I also unpack the role of discretionary and special bonuses, including when they signal genuine investment versus when they function as golden handcuffs. Finally, I explain why salary compression at the senior level is structural, not accidental, and how to assess whether staying on scale still makes sense given your responsibilities, leverage, and future prospects. At a Glance 01:20 Why the Cravath Scale feels predictable early and flexible later 02:37 What the scale actually standardizes and what it never promised 03:35 How discretion replaces transparency for mid- and senior-level associates 04:02 Why bonuses are the first place cracks appear 04:32 How billable hour thresholds quietly move beyond the stated minimum 05:43 Why performance ratings are comparative, not absolute 06:31 How practice group and firm overlays affect identical profiles differently 07:53 How firms "shade around" the scale without openly breaking from it 09:41 When bonuses become forward-looking signals, not rewards 10:42 How to tell reward bonuses from golden handcuffs 12:22 Why senior-level salary compression is structural 13:22 Why waiting without clarity is no longer neutral 14:16 How comp reveals if the firm sees a future partner or a long-term senior associate 14:47 How to assess your effective compensation and leverage over time 15:47 The real question long-tenured associates need to ask themselves Rate, Review, & Follow on Apple Podcasts & Spotify Do you enjoy listening to Big Law Life? Please consider rating and reviewing the show! This helps support and reach more people like you who want to grow a career in Big Law. For Apple Podcasts, click here, scroll to the bottom, tap to rate with five stars, and select "Write a Review." Then be sure to let me know what you loved most about the episode! Also, if you haven't done so already, follow the podcast here! For Spotify, tap here on your mobile phone, follow the podcast, listen to the show, then find the rating icon below the description, and tap to rate with five stars. Interested in doing 1-2-1 coaching with Laura Terrell? Or learning more about her work coaching and consulting? Here are ways to reach out to her: www.lauraterrell.com laura@lauraterrell.com LinkedIn: https://www.linkedin.com/in/lauralterrell/ Instagram: https://www.instagram.com/lauraterrellcoaching/ Show notes: https://www.lauraterrell.com/podcast