Add Morgan, Lewis & Bockius to the list of Cal Law 25 firms that now pay associates on the $160,000 scale.
The only real holdouts now are Bingham McCutchen and Reed Smith, both huge firms with big California presences and fairly high profits that could probably absorb the raise.
This comment is representative of others:
[I]t is time to turn your attention to Bingham. The firm has a national presence in four major markets that have all raised to 160k base (DC/SF/LA/Boston) and 2006 profits per partner well in excess of peer (and lesser) firms that are paying those market salaries.
What exactly is Bingham’s problem? Its associates deserve answers, and after one month of hearing about raise after raise, there is nothing but silence. Please do anything you can to squeeze some information from firm management before the firm starts bleeding associates and decimates its summer recruiting program for the year.
Any thoughts on why Bingham is sitting on the sidelines? Please discuss in the comments, or email us (subject line: “Bingham McCutchen”). Thanks.
Earlier: Morgan, Lewis follows the Salary Leaders (Legal Pad / Cal Law)