Biglaw, Money, Skaddenfreude

Skaddenfreude: Orrick Raises California Salaries

100 dollar bill Above the Law Above the Law law firm salary legal blog legal tabloid Above the Law.JPGSome happy news for Golden State associates of Orrick, Herrington & Sutcliffe. A source at the firm tells us:

“Orrick just matched New York salaries on the West Coast. We received a memo and videocast from [firm chairman] Ralph Baxter this morning.”

“All offices start at $160,000, except for Sacramento and Pacific Northwest.”

According to this comment, which has been verified by our source at the firm, the Orrick pay scale now looks like this:

2007 ASSOCIATE COMPENSATION SCHEDULE
Washington DC, Los Angeles, New York,
Orange County, San Francisco, and Silicon Valley
Level Salary
1 (2006) $160,000
2 (2005) $170,000
3 (2004) $185,000
4 (2003) $210,000
5 (2002) $230,000
6 (2001) $250,000
7 (2000) $265,000
8+ (1999+) $280,000

Good stuff. Any guesses as to whether (and when) any of the other big California shops — e.g., Gibson, Latham, O’Melveny — will follow suit?

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