Nope, we haven’t heard about any more West Coast firms announcing associate pay raises. We have nothing to add to the recent announcements by Orrick, O’Melveny, and MoFo.
If you’re expecting Latham & Watkins to act soon, you will probably be disappointed. They weren’t too quick on the draw the last time around. And rumor has it that they’re taking their sweet time about a raise now, too.
From an anonymous commenter (caveat — not verified):
“Our managing partner here at LW in LA has quietly been spreading the word that we should expect the bump, and that we shouldn’t get worried if we don’t hear anything formal until the end of the month after the executive committee has its May meeting. Apparently they don’t want to contribute to the ‘hysteria’ (his words) by having an emergency meeting over this.”
Hysteria. We love it. Associate pay raises = Salem witch trials.
We saw Goody Orrick with the Devil! And Goody O’Melveny and Goody Morrison, too!
(Please treat this as a new open thread for salary discussion. Please note any breaking news in the comments — and send it to us by email, too. Thanks.)