Biglaw, Money, Skaddenfreude

Skaddenfreude: Morrison & Foerster (New York only)

100 dollar bill Above the Law Above the Law law firm salary legal blog legal tabloid Above the Law.JPGWe have confirmed this Morrison & Foerster memo with sources at the firm. So you can take it as 100 percent reliable.
Please note that it pertains only to the New York office. MoFo has historically paid its NYC associates more than their counterparts in other cities, which some non-Gothamites have grumbled about. But that’s probably not about to change — especially when New York newbies pull down $160K…
From: Wetmore, Keith C.
Sent: Wednesday, January 24, 2007 5:21 PM
To: LIST/Non-Partner Atty/NY
Cc: LIST/Partner/NY
Subject: 2007 New York Associate Compensation
I am pleased to announce the 2007 compensation structure for associates in our New York office. Associates eligible to receive an increase to their base compensation as a result of progressing to the next salary class will see the increase reflected in their February 15 paycheck retroactive to January 1, 2007. These step increases will be based on the following schedule:
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
Class of 1998 – $290,000
We will be determining compensation for of counsel on a separate basis and will send individual compensation messages in the next few weeks.
On behalf of the Firm, thank you for your part in making 2006 a great year for the Firm and for your hard work and commitment to the Firm and its clients as we look to the future.

(hidden for your protection)

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