As several commenters mentioned, Proskauer Rose has raised associate salaries. Here’s the announcement memo (originally posted by an anonymous commenter, but subsequently confirmed for us by multiple Proskauer sources).
To: New York, Los Angeles and Boston Associates
CC: Partners, Senior Counsel
From: The Executive Committee
Date: January 25, 2007
Re: 2007 Salaries
We are pleased to announce that we have increased compensation effective January 1, 2007, as follows:
Class Year Adjusted Base Salary
2006 $160,000
2005 $170,000
2004 $185,000
2003 $210,000
2002 $230,000
2001 $250,000
2000 $265,000
1999 $280,000
1998 and earlier $290,000
This increase is retroactive to January 1, 2007, and will be reflected in the February 15, 2007 payroll. Bonuses for 2007 will be determined at year-end, as usual.
Base salaries and compensation for Senior Counsel will continue to be determined on an individual basis.
We continue to highly value your contributions to the Firm and thank you for your dedication and hard work. We look forward to another successful year.
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The Asia Chronicles – ASSOCIATE AND IN-HOUSE OPENINGS IN HONG KONG / CHINA, JAPAN AND SINGAPORE
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We currently have a number of active openings for associate roles at US and UK firms in HK / China, Singapore and two new in-house openings. As always, please feel free to reach out to us at asia@kinneyrecruiting.com in order to get details of current openings in Asia, as well as to discuss the Asia markets in general and what we expect for openings later this year. Our Evan Jowers and Robert Kinney will be in Beijing the week of March 25 and Evan Jowers will be in Hong Kong the week of April 1, if you would like to meet them in person.
The US associate openings we have in law firms are in the usual areas of M&A, cap markets, FCPA / white collar litigation, finance, and project finance. The most urgent of our top tier (top 15 US or magic circle) law firm openings in Asia (among many other firm openings that we have in Asia) are as follows:
• 2nd to 5th year mandarin fluent M&A associates needed in Beijing and Hong Kong at several firms;
• Korean fluent 2nd to 4th year cap markets associate needed in Hong Kong;
• 2nd to 5th year Japanese fluent M&A associates needed in Tokyo;
• 4th to 6th year mandarin fluent cap markets associate needed in Hong Kong;
• 2nd to 4th year M&A / cap markets mix associate needed in Singapore.Also, we have the two below in-house openings:
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Digital Canary in the Virtual Mine #2: What’s In Your Apps? Prying Eyes Are Ready To Discover . . .
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