Skaddenfreude: The Weil Memo

onJanuary 24, 2007 at 5:41 PM

We haven’t confirmed it 100 percent. But the Weil Gotshal memo reprinted below, which has been posted several times in the comments, strikes us as pretty safe to consider authentic.
(We’re waiting to hear back from certain contacts at Weil. When we do, we’ll update this post.)
Update (6:30 PM): Official sources at Weil declined to comment: “We’re not in the business of confirming internal memos or emails.”
But unofficial sources have confirmed, informing us that the “Town Hall Meeting” mentioned below took place at 4:10 PM. So you can regard the memo below as a true copy.
WEIL, GOTSHAL & MANGES
To: US Associates
From: Stephen J. Dannhauser
As announced at today’s Town Hall Meeting, effective January 1, 2007, annual U.S. associate base salaries have been increased, as set forth below. You will receive a retroactive adjustment reflecting this increase in your paycheck or direct deposit on February 9th. Bonuses will be paid this Friday, January 26th. As we have previously told you, it is our intention to pay our associates commensurately with our peer firms.
The firm has enjoyed a very good year, and we recognize that your dedication and hard work have contributed, and will continue to contribute, to our success.
Class Year 2007 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
Base salaries for associates in the class of 1998 and more senior will be determined on an individual basis.
Earlier: Previous announcements of law firm associate salary increases (scroll down through “Skaddenfreude” archives)