Biglaw, Money, Skaddenfreude

Skaddenfreude: The Cleary Memo

As the WSJ Law Blog previously reported, Cleary Gottlieb has joined the club of law firms raising salaries for their associates.
One correspondent of ours at Cleary was pleasantly surprised by how quickly the announcement arrived:

I’m amazed that Cleary has been so quick to react to the change. Cleary is typically more lagging in upping salary in response to market change, but this year pulled it off within 48 hours. Color me impressed.

With apologies for the delay, as well as for various technical difficulties (which have resulted in some comments being posted multiple times), here is the memo:
Cleary Gottlieb associate base salary pay increase memo.jpg
The Simpson Bump: Everybody’s Doin’ It! [WSJ Law Blog]
Earlier: Previous announcements of law firm associate salary increases (scroll down through “Skaddenfreude” archives)

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