If you want to get a raise to the $160K pay scale, but without a corresponding “adjustment” to your bonus. Or if you want to bill only 1800 hours a year, and still make a decent living.
From a source at the firm:
Fenwick & West raises. Keeps bonus structure the same.
I know the partners are relishing embarassing our biggest competitor WSGR with this move.
Check out the memo, after the jump.
FENWICK & WEST LLP ASSOCIATE PAY RAISE MEMO
TO: All Associates, Senior Counsel, Of Counsel
CC: All Partners
FROM: Kathryn J. Fritz
RE: Mid-Year 2007 Associate Salary Adjustments
The Firm is raising the salary scale for associates in the 1st through 8th year classes, effective June 1, 2007, as set forth below. Attorneys in more senior classes will be separately notified if there will be any adjustments to their salary.
These adjustments reflect our continued commitment to offering competitive compensation to attract and retain top level talent. We also continue to offer an 1800 billable hour commitment option, an election which is unique among our law firm peers.
The 2007 Associate Bonus program will be unchanged. If you have any questions, please don’t hesitate to ask me.
2007 Adjusted Associate Salary Scale
Year 1950 Hours — 1800 Hours
1999 280,000 — 258,000
2000 265,000 — 244,500
2001 250,000 — 230,500
2002 230,000 — 212,000
2003 210,000 — 193,500
2004 185,000 — 170,500
2005 170,000 — 157,000
2006 160,000 — 147,500