Biglaw, Money, Skaddenfreude

Nationwide Pay Raise Watch: DLA Piper

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It’s been all over the comments, so it’s not exactly breaking news. But we have verified it with a source at the firm.
The DLA Piper memo, from your pals Larry, Moe and Curly Frank, Lee and Terry, appears after the jump.
P.S. We intend no disrespect to the work that Frank Burch, Lee Miller, and Terry O’Malley are doing as joint CEOs of DLA Piper. We just think the informality of signing memos as “Frank, Lee and Terry” is a bit forced.
C’mon, guys. You’re the heads of a major international law firm — not three guys we met down at the track.


DLA PIPER ASSOCIATE PAY RAISE MEMO
As you are undoubtedly aware, over the last two weeks there has been a wave of adjustments to associate salary scales in some of our markets. We will be making similar adjustments to our scale in those markets, based on what we currently see emerging as the prevailing salary levels among our principal competitors effective June 1st. Increases will be reflected in the June 8th payroll run. We are not raising billing rates, increasing our benchmark hours requirements or reducing our bonus plan. In those markets where we are not raising the salary scale we will pay particular attention to relative productivity and use the flexibility in our bonus ranges to assure fairness to highly productive associates at year end.
We intend to continue to monitor developments in all our markets in order to assure that we maintain associate compensation at prevailing competitive levels.
Thanks again for all you do for the firm and, most of all, for the outstanding service you provide our clients.
Frank, Lee and Terry
————————–
Salaries in all California offices (other than Sacramento), as well as Boston, Washington, D.C. and Northern Virginia will be:
2006 160,000
2005 170,000
2004 185,000
2003 210,000
2002 230,000
2001 250,000
2000* 265,000
Salaries in Dallas, Raleigh and Sacramento will be:
2006 145,000
2005 155,000
2004 170,000
2003 190,000
2002 210,000
2001 230,000
2000* 245,000
* Represents salary for class of 2000 and more senior

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