If you’re trying to figure out what the new standard salaries are going to be in DC, it’s hard to ignore Covington & Burling. Covington is regarded by many as the archetypal Washington law firm.
As previously noted in the comments, we have confirmed pay raises for Covington associates. We thank the multiple sources who sent us this memo (in various forms):
Our tipsters draw our attention to these highlights:
“Covington DC salaries are same as Hogan, but 7th and 8th years (1999 and 2000 classes) at Covington will be paid $5,000 less than at Hogan & Hartson (assuming billables of 1950 or more). No explanation provided for why senior associate salaries are now less at Covington than at Hogan.”
“Brussels is still being evaluated.”
Because, you know, it’s all about Brussels.