Lots of interesting debate in the comments over the wild rumor that Skadden might raise starting salaries to $195,000 before the year’s end.
Some think it’s crazy talk. Others note that it might simply mark a return to Skadden’s prior practice of paying above-market base salaries, combined with smaller year-end bonuses (designed to bring total comp for Skadden associates up to market, depending upon other firms’ year-end bonuses).
Anyway, regardless of what you think about that gossip, here’s something that’s confirmed:
tipster: interesting tidbit
ATL: I’m all ears
tipster: skadden will reimburse associates for iphone purchases from their tech allowance
ATL: oh cool!
tipster: Pretty much makes skadden associates the coolest on the planet!
Here are more details on the Skadden technology allowance, from the firm website:
The firm provides up to $3,000 to attorneys for the purchase of technology equipment at the commencement of employment. After 2 years of service, the firm provides additional allowances for the purchase of approved technology equipment.
If you’re Skadden associate, go treat yourself to five iPhones. Then send the four you don’t use to your friends at ATL.
Update: Some caveats about Skadden and iPhones appear here.
Attorneys and Law Students: FAQs [Skadden Arps Slate Meagher & Flom]
Earlier: More Wacky Rumor-Mongering: Skadden to $195K?
Waiting for the iPhone: An iWitness Account