A few weeks ago, we reported that Kirkland & Ellis’s Los Angeles office has raised the starting salary for its new associates to $145,000.
For those of you who don’t believe anything until it appears in the MSM, you can now rest easy. From today’s Recorder:
Chicago-based Kirkland & Ellis confirmed to The Recorder last week that it has upped its California offices to start at $145,000.
The article also reports that Irell & Manella has joined the $145,000 club, paying its first-year associates in Los Angeles the standard going rate for New York.
The question now becomes whether (and when) the so-called “Big Three” of L.A. law firms — Gibson Dunn & Crutcher, Latham & Watkins, and O’Melveny & Myers — will match. Rumor has it that Latham is “reconsidering” whether to raise to $145K (a movie it had previously ruled out doing in 2007).
If you hear anything on that front, please share what you know. Thanks.
Irell and Kirkland Hit $145K Mark [The Recorder via Law.com]
Re: Kirkland goes to $145k in LA/SF [Infirmation / Greedy LA]
Earlier: Skaddenfreude: Kirkland LA Ups the Ante