Biglaw, Money, Skaddenfreude, Summer Associates

Skaddenfreude: The Latest Developments

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On the associate pay raise front, here’s what we’ve heard most recently:
1. O’Melveny & Myers: They did it by voicemail, presumably to prevent forwarding of emails or cutting and pasting of text. Cute, guys.
Here’s what a tipster tells us:

You’re not going to get a memo, but we (NY, DC, LA) just got a voicemail left for us basically saying we’re matching in NY the recent raises and LA and DC are getting bumps too. I didn’t write down the numbers, but the LA and DC base salaries are not the same as for NY.

Another tipster confirms the LA and DC raises, with more detail: “O’Melveny is bumping first years from $135K to $145K in DC.”
2. Simpson Thacher (summer associate addendum). This isn’t exactly a surprise. But for the record:

The wave of postings and comments in response to Simpson’s announcement to raise associate salaries has left some of you wondering what the application will be to the summer class. I wanted to confirm that summer associates will be paid the same salary as first year associates, prorated on a weekly basis, which is $3080 per week. A copy of our Chairman’s memo appears below.

We’re all looking forward to seeing you soon.

All the best, Dee

Dee Pifer

Simpson Thacher & Bartlett LLP

We’re working on a few other confirmations. Please continue to send us memos and other info. Thanks!
Earlier: Previous announcements of law firm associate salary increases (scroll down through “Skaddenfreude” archives)

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