Earlier today, we published salary data for Wilson Sonsini. We quoted a poster who was disappointed that the raise was retroactive only to February 1st. We then received this clarification from a source at the firm:
Our raise was made retroactive to February 1 rather than January 1 because we have a February 1 fiscal year start. Compensation matters are always handled as of February 1.
In addition, bonuses were 15 percent higher this year because partner profits were up 15 percent. Staff bonuses were also 15 percent higher.
We are very busy at WSGR these days — cranking on all cylinders!
We also (finally) received confirmed information about Chadbourne & Parke. We reprint it after the jump.
CHADBOURNE & PARKE
From a source at the firm:
“Chadbourne matched what Simpson is paying in NY for all levels (i.e., $280K for class of 1999). We announced it last Thursday, February 1.”
“The DC scale appears below. Raises are retroactive to January 1. There was no mass memo to all associates in NY. The word was spread by phone, via class reps. Associates then received individual memos with their salary figure.”
“There was an email sent out to DC associates with their new pay scale (see below). Our DC is actually ‘above market,’ depending upon how you define ‘market’ in DC.”
Chadbourne & Parke: Washington office
Class Annual Salary
Earlier: Skaddenfreude: ‘W’ Firms, and Morning Open Thread