Biglaw, Money, Skaddenfreude

Skaddenfreude: Let’s Make Our Own Skadden Memo!

100 dollar bill Above the Law Above the Law law firm salary legal blog legal tabloid Above the Law.JPGHere’s what the associate pay raise memo for Skadden’s Class of 2003 looked like:
From: Garfinkel, Jodie
Sent: Wednesday, January 24, 2007 12:26 PM
To: [redacted]
Subject: Compensation
TO: Class of 2003
We are pleased to advise you that we are increasing base salaries retroactive to January 1, 2007. The salary for most associates in the class of 2003 will be increased from $190,000 to $210,000. Increases will be reflected in paychecks of February 15th and retroactive payments will be made only to those attorneys who are employed with the Firm on February 15th.
Annual bonuses will be determined at year end based upon individual performance, levels of activity in the Firm’s practice areas and the economic environment as it affects our Firm.
We thank you for your continued commitment and dedication.
If you’re a Skadden associate in a class other than 2003, please provide your new base salary in the comments. We will “Wiki” our way towards a comprehensive Skadden memo. Thanks everyone!
Earlier: Previous announcements of law firm associate salary increases (scroll down through “Skaddenfreude” archives)

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