Some 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:
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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?