Skaddenfreude: And Here’s Willkie
Yes, the rumors are true: Willkie Farr & Gallagher has raised base salaries for its associates. Here’s the memo:
——-Original Message——-
From: The Executive Committee
Sent: Wednesday, January 24, 2007 11:52 AM
To: ASSOCIATES - DC; ASSOCIATES - NY
Cc: PARTNERS - DC + OF COUNSEL; PARTNERS - NY + OF COUNSEL; Danaher, John; Salvatore, Jeanine; Poster, Margaret
Subject: 2007 Associate Salaries
We are pleased to announce that the annual base salaries for associates in NY and DC have been increased, retroactive to January 1, 2007, as follows:
Class of 2006 - $160,000
Class of 2005 - $170,000
Class of 2004 - $185,000
Class of 2003 - $210,000
Class of 2002 - $230,000
Class of 2001 - $250,000
Class of 2000 - $265,000
Class of 1999 - $280,000
Class of 1998 - $290,000
Adjustments will be reflected in your January 31st paycheck. Adjustments for more senior associates and Special Counsel will be determined on an individual basis.
We continue to be extremely appreciative of our associates’ contributions to the Firm which were instrumental in making 2006 another record year for the Firm.
Earlier: Previous announcements of law firm associate salary increases (scroll down through “Skaddenfreude” archives)
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Comments
any clue if CA offices will get a bump?
Any word on Mayer Brown?
quinn emanuel just matched
Any word on Debevoise?
Memo/furthr confirmation on Quinn? David?
We just got what looks like the Quinn memo (with an odd lack of capitalization from John Quinn -- how California of him). We'll be posting it shortly.
"We continue to be extremely appreciative of our associates' contributions to the Firm which were instrumental in making 2006 another record year for the Firm."
We also continue to be extremely appreciative of the fact of inflation, which allows us to claim "record" years every year, even if our performance is relatively stagnant.
So does anyone have the S&C breakdown per year? Their paying 310K for class of 1998 and everybody else so far is paying 290K. The question is did they only beat every other firm for the class of 1998 or are other years also above scale?
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Any ideas if Jones Day will be moving?
Jones Day needs to get serious about associate compensation. They already screw you on bonuses, for the sake of those working there and the firm in general, I hope they at least try to keep up with the base salaries.
Any news on Sidley?
Also, has anyone other than S&C announced the extension to 2007 Summer class?
Any word on TPW?
Yea, what about Reed Smith and Jones Day, and other non New York based firms with big offices in NYC?
I propose a rule that the first time a new firm is mentioned -- you must give their name before abbreviating. Who is TPW? Totally Paranoid Workacholics, LLP?
Knickerbocker please.
http://www.youtube.com/watch?v=kec3VxdO7o8&NR
Any news on Fried Frank?
TPW? lol, did they even go to 145? Not quite on the level of V20 now are they?
TPW = Thacher Profitt & Wood?
Toilet. Powder room. Water closet.
Toilet. Privy. Water closet.
TPW was at $145 before your mama was.
TPW was at $145 before your mama was.
Thacher Proffitt is no Toilet. It has more then enough PPP to go to $160 with ease. Who said the raises were limited to V20?
Thacher Proffitt is no Toilet. It has more then enough PPP to go to $160 with ease. Who said the raises were limited to V20?
Thacher Proffitt is no Toilet. It has more then enough PPP to go to $160 with ease. Who said the raises were limited to V20?
Is it bad that I've been in Biglaw 3.5 years and I've never even heard of Thatcher Proffitt?
How much are special counsel in NYC being paid? salary and bonus?