Biglaw, Money, Skaddenfreude

West Coast Pay Raise Watch: Cooley Is Confirmed

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We have confirmed the rumor from the comments that Cooley Godward Kronish raised associate salaries yesterday.
Actually, here’s a better way of saying it: Cooley has matched the market. Because, let’s face it, the $160K scale is the new going rate in California.
(And it effectively is in Washington, DC, where Hogan & Hartson, Akin Gump, and all the D.C. offices of New York and West Coast firms pay on the $160K scale. We’ll have to wait and see, however, with respect to Chicago, Texas, and a few other major legal markets.)
We confirmed the fact of the raise with a source at the firm; but we don’t have a copy of the Cooley memo yet (assuming there was one). If you have one, please email it to us (or post it in the comments). Thanks.
Update: No memo; but more details. From a tipster: “The raise is effective June 1. All offices. No discussion of effect on bonuses.”

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