August 21, 2026


McKool Smith Leads Biglaw With Early Salary Raises Amidst Legal Industry Turbulence

In a bold move that sets it apart from its peers, Texas-based litigation firm McKool Smith has announced significant salary increases for its associates, effective from January 1. The firm, known for its formidable presence in the courtroom, will be boosting associate pay by $10,000 to $20,000, positioning itself as a frontrunner in associate compensation ahead of the usual market trendsetter, Cravath. This adjustment not only highlights McKool Smith's financial robustness but also its commitment to attracting and retaining top legal talent. More details on this can be found [here](https://abovethelaw.com/2026/08/its-kool-to-have-another-milbank-associate-salary-match/).

The legal industry is also witnessing a mix of scandals and administrative shake-ups. A Penn State fraternity's involvement in a cocaine distribution ring has led to a prospective law student losing their scholarship and admission offer. The allure of a $188,000 scholarship vanished as the student's future in law crumbled. Full coverage of this incident is available [here](https://abovethelaw.com/2026/08/alleged-penn-state-cocaine-ring-figure-was-headed-to-law-school-on-a-188000-scholarship-emphasis-on-was/).

Adding to the sector’s challenges, the Trump administration has initiated steps to end the American Bar Association's role as the accreditor for law schools. This surprising move came shortly after the ABA appeared to yield to pressures from the administration, raising questions about the future standards and independence of law school accreditations. Insights into this development can be found [here](https://abovethelaw.com/2026/08/trump-administration-moves-to-kill-aba-as-law-school-accreditor-on-same-day-aba-surrendering-to-him/).

Amid these controversies, law firms have been adjusting their compensation structures. The 2026 summer has seen various firms stepping up to issue raises and bonuses, a testament to the competitive environment to retain high-performing associates. An overview of the firms that have updated their compensation is available in the Associate Compensation Scorecard [here](https://abovethelaw.com/2026/06/associate-compensation-scorecard-the-2026-summer-of-salary-increases/).

Furthermore, the field of public health law is gaining attention, necessitating well-prepared legal professionals. In light of current global health challenges, the importance of specialized legal education in health law cannot be underestimated. More on the top law schools for this specialty can be accessed [here](https://abovethelaw.com/2026/08/the-best-law-schools-for-health-law-2026/).

Lastly, a shocking case from the legal world involves a former federal prosecutor indicted for making violent threats against their ex-employers and their families. This case underscores the intense pressures and sometimes volatile nature of legal work. Further details are available [here](https://abovethelaw.com/2026/08/former-federal-prosecutor-indicted-for-allegedly-threatening-to-murder-old-bosses-and-their-kids/).

These stories illustrate not just the complexities of the legal profession but also the dynamic changes and significant challenges facing law firms and their associates today.