As we predicted, this Friday afternoon is turning out to be eventful in terms of associate salary news. Our last open comment thread is a beehive of activity. We’re in the process of following up and confirming various items.
Verified pay raise announcements from Latham & Watkins and Paul Hastings, after the jump.
If you can vouch for the Gibson Dunn memo posted in the comments to this thread, please send us an email. A blank email from a GDC address will suffice.
Update: Thanks everyone. The GDC memo, now confirmed, also appears after the jump.
LATHAM & WATKINS
February 2, 2007
To: All Associates in the U.S., London, Milan, Moscow and Asia Offices
From: Associates Committee
File no: 900000-0008
Copies to: Partners and Of Counsel; LeeAnn Black
Subject: Associate Compensation
We are pleased to announce increases in associate salaries in each of our U.S. offices and in our London, Milan, Moscow and Asia offices. Associates salaries for 2007 in these offices are as follows:
NON-NY U.S. OFFICES
Class Year 2006 Salary 2007 Salary
1st Year $135,000 $145,000
2nd Year $145,000 $155,000
3rd Year $160,000 $170,000
4th Year $175,000 $190,000
5th Year $195,000 $210,000
6th Year $205,000 $225,000
7th Year $215,000 $240,000
8th Year $220,000 $250,000
NEW YORK, LONDON, MILAN, MOSCOW & ASIA OFFICES
Class Year 2006 Salary 2007 Salary
1st Year $145,000 $160,000
2nd Year $155,000 $170,000
3rd Year $170,000 $185,000
4th Year $190,000 $210,000
5th Year $210,000 $230,000
6th Year $225,000 $250,000
7th Year $240,000 $265,000
8th Year $245,000 $280,000
Increases in associate salaries are effective January 1, 2007. Associate paychecks issued February 9, 2007 will reflect these increases. The retroactive adjustment will be reflected in the February 23rd payroll.
Please contact any member of the Associates Committee if you have any questions. Thank you for your contributions to the firm.
From: Owens, James F.
Sent: Friday, February 02, 2007 10:43 AM
To: Associate Los Angeles; Associate San Francisco; Associate Palo Alto; Associate San Diego; Associate Orange County; Associate Washington; Associate Chicago
Cc: Partner Los Angeles; Partner San Francisco; Partner Palo Alto; Partner San Diego; Partner Orange County; Partner Washington; Partner Chicago; Attorney Dev. Chairs; Office Chairs; Recruiting & Development
Subject: FY2008 Compensation Structure for Associates, California, Chicago and Washington D.C. Offices
date: February 2, 2007
to: California, Chicago, Washington D.C. Associates
cc: California, Chicago, Washington D. C. Partners, All Office Chairs, All AD Chairs, Recruiting & Development
from: Jim Owens and Elizabeth Noe
Co-Chairs, Attorney Development
subject: FY2008 Compensation Structure for Associates, California, Chicago and Washington D.C. Offices
We are pleased to announce that the Firm will be increasing base-level salaries for U.S. Associates in California, Chicago, Washington D.C., effective as of the new fiscal year, February 1, 2007.
FY2008 Compensation by Class Year and Office is as follows:
California, Chicago & WDC
We thank you for and commend your performance, commitment and hard work throughout the year and your contributions to our success.
Please feel free to contact us or your local Attorney Development Committee Chair or Office Chair if you have any questions.
GIBSON DUNN & CRUTCHER
To: Associates in Non-New York U.S. Offices
From: Management Committee
Re: 2007 Base Salaries
The Firm has enjoyed strong financial performance in recent years which is, in no small part, attributable to the hard work and dedication of our associates, and the outstanding results that our collective efforts have obtained for our clients. As you know, the market in the U.S. has recently moved in terms of associate base compensation. Consistent with our longstanding commitment to provide a highly competitive total compensation package to our associates in each of our markets and in appreciation of your significant contributions to making the Firm one of the leading firms in the world, we are pleased to announce increases in the base salaries of our U.S. associates based in offices outside of New York as set forth below. The new base salaries, together with an adjustment retroactive to January 1, will be reflected in the February 15, 2007 payroll check for all U.S. associates who remain in good standing as of that date. If you are an Of Counsel or an associate in a class senior to the Class of 1999, we will follow up with you individually in the next few weeks.
On behalf of the Firm, thank you for your part in making 2006 a great year for the Firm and for your hard work and commitment to the Firm and its clients as we look to the future.
Class of 2006 $145,000
Class of 2005 $155,000
Class of 2004 $170,000
Class of 2003 $190,000
Class of 2002 $210,000
Class of 2001 $225,000
Class of 2000 $240,000
Class of 1999 $250,000