Skaddenfreude: The Davis Polk Memo

Here’s the verified Davis Polk memo (which we received by email; it was also previously posted in the comments):
From: Ferrell, Kathleen L. On Behalf Of Management Committee
Sent: Thursday, January 25, 2007 5:33 PM
Cc: all.partners
Subject: Associate Salaries
We are pleased to announce that associate base salaries will be increased as follows, effective January 1, 2007:
Class of 1998 – $290,000
Class of 1999 – $280,000
Class of 2000 – $265,000
Class of 2001 – $250,000
Class of 2002 – $230,000
Class of 2003 – $210,000
Class of 2004 – $185,000
Class of 2005 – $170,000
Class of 2006 – $160,000
Entering Class of 2007 – $160,000
As always, we appreciate your efforts.
Earlier: Previous announcements of law firm associate salary increases (scroll down through “Skaddenfreude” archives)