This rumor has been around for a while, but we wanted to wait until it was official. Now it is (as of twenty minutes ago):
From: Miller, Charles
Sent: Thursday, August 09, 2007 1:31 PM
To: WA ASSOC
Cc: Kalis, Peter; Fried, Susan V.; Graner, Glenn; Carson, Rodney E.
Subject: New DC Associate Salaries
All: This will confirm the new DC associate salary ranges that we discussed at the associates’ lunch today:
1st years — $160K
2nd years — $170K
3rd years — $185K
4th years — $200K/205K/210K
5th years — $205K/215K/225K
6th years — $210K/225K/240K
7th years — $215K/230K/250K
8th years — $220K/240K/260K
These changes should be reflected starting 9/1/07 in the paycheck that you receive on 9/15/07. Please let me know if you have any questions.
Oh, in case you’re wondering, the salary “tiering” is apparently based on quantity (of billable hours) and quality (of work).