A quick reminder: We want your memos. We hear rumors of associate pay raises at particular firms all the time, but we generally don’t treat the news as official until we see a memorandum (assuming there is one). Please send them to us by email.
We reprint below two memos that arrived in our inbox not too long ago. First, there’s a memo from LeBoeuf Lamb, placing their associates in Hartford — recently covered here — on the $160K scale.
Second, there’s a memo from Foley & Lardner. It has raised its starting salary to $160,000, but not effective until September 2007, and it’s not following the standard $160K scale all the way up the ladder. Our source wrote:
Attached is the memo Foley & Lardner circulated today regarding adjustments to compensation. This was circulated a day after a separate memo from management announcing the increases and advising that management would review compensation prior to the beginning of the next fiscal year and would consider making modifications to amounts and structures at that time.
Management also referenced in the memo “exploring alternative career paths for associates,” but provided no additional information as to what that means.
Sounds a tad Orwellian to us. “Alternative career paths” = flipping burgers in the Foley cafeteria? But maybe we’re just being paranoid.
If you’re interested, you can check out the memos after the jump.
LEBOEUF LAMB GREEN & MACRAE — HARTFORD — ASSOCIATE PAY RAISE MEMO
FOLEY & LARDNER ASSOCIATE PAY RAISE MEMO