Biglaw, Money, Skaddenfreude

Skaddenfreude: Here’s the Cadwalader Memo

100 dollar bill Above the Law Above the Law law firm salary legal blog legal tabloid Above the Law.JPGThanks to everyone who sent this to us — and sorry for the delay in posting it. Here’s the CWT memorandum announcing pay raises for its associates.
CADWALADER, WICKERSHAM & TAFT
From: Link, Robert
Sent: Tuesday, January 23, 2007 3:26 PM
To: MAIL-NY_ASSOCIATES; MAIL-DC_ASSOCIATES
Cc: MAIL-NY_PARTNERS; MAIL-NY_COUNSEL; MAIL-DC_PARTNERS; MAIL-DC_COUNSEL; Freeman, Claudia; Ellis, Patricia; Wallsh, Mitch; Sekler, Mitchel; Pinkerton, Dyana
Subject: 2007 Compensation
In keeping with our pledge to provide compensation that is competitive with the other leading law firms in our markets, we will increase associate base salaries in New York and Washington effective January 1, 2007 as follows:
Class of 2006 – $160,000
Class of 2005 – $170,000
Class of 2004 – $185,000
Class of 2003 – $210,000
Class of 2002 – $230,000
Class of 2001 – $250,000
Class of 2000 – $265,000
Class of 1999 – $280,000
We are also raising the base salary for the members of the Class of 2007, who will arrive in the fall, to $160,000. Thank you for your hard work and efforts on behalf of the firm.
Earlier: Previous announcements of law firm associate salary increases (scroll down through “Skaddenfreude” archives)

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