The website of Irell & Manella touts the firm as “An Elite CA Law Firm.”
Immodest? Perhaps. But true, insofar as Irell pays its associates as “an elite CA law firm” should.
The Irell & Manella pay raise memo, after the jump.
IRELL & MANELLA PAY RAISE MEMO
From: Siegel, David
Sent: Tuesday, May 15, 2007 9:13 AM
To: #(CCO) Associates [Int]; #(NBO) Associates [Int]
Cc: #(CCO) Partners [Int]; #(NBO) Partners [Int]; Walker, Jeanne; Steele, Robyn
Subject: New Base Salaries
As many of you know, in recent days, a number of traditional California based firms have announced increases to the base salaries paid to their associates. Historically, we have been less focused on modest differences in base salary amounts paid at other firms, and instead we have put more emphasis on total compensation. While that will remain our focus, some of the increases in base pay leave the “gap” not so modest — and that is not something we will leave unaddressed. So, we are pleased today to announce an increase in the base salaries we will pay to each of our associate classes, effective June 1, as follows (these figures are at an annualized level):
First Year (Class of 2006) — $160,000
Second Year (2005) — $170,000
Third Year (2004) — $185,000
Fourth Year (2003) — $210,000
Fifth Year (2002) — $230,000
Sixth Year (2001) — $250,000
Seventh Year (2000) — $265,000
Eighth Year (1999) — $280,000
The partners of the firm appreciate your hard-work and many contributions to the firm’s continuing success.