A Kirkland & Ellis memo and a table were posted in the comments recently. We have verified them with sources at the firm; they’re the real deal. Accordingly, we have reprinted them after the jump.
Also, Paul Hastings — which previously announced pay raises for a bunch of its offices — has now announced what it intends to do in Atlanta. It’s raising associate salaries by $15,000, which means that first-years will earn $130,000. More details here.
Paul Hastings raises associate salaries [Fulton County Daily Report]
KIRKLAND & ELLIS LLP
TO: Firmwide Associates and Non-Share Partners
CC: Firmwide Share Partners
FROM: Thomas D. Yannucci, P.C.
Chair, Firm Committee
RE: Associate and Non-Share Partner Compensation
The Firm has always been committed to paying our associates and non-share partners compensation at the top of each market in which we practice. In light of recent moves by some firms with regard to base salary for associates, the Firm Committee has approved increases to our associate base salaries, retroactive to January 1, 2007, as set forth below:
Year New York California Chicago/D.C.
2006 $160,000 $160,000 $145,000
2005 $170,000 $170,000 $155,000
2004 $185,000 $180,000 $170,000
2003 $210,000 $190,000 $190,000
2002 $230,000 $210,000 $210,000
2001 $250,000 $225,000 $225,000
These increases will be reflected in the February 28 payroll.
Appropriate adjustments are also being made to non-share partner draws, effective February 1, 2007. Each non-share partner will be notified of his or her increased draw amount shortly. Increased non-share partner draws will be reflected in the March draw payments.
Thank you again for all of your hard work and dedication.
Thomas D. Yannucci, P.C.
Kirkland & Ellis LLP