Biglaw, Blank Rome, Money, Skaddenfreude

Nationwide Pay Raise Watch: Blank Rome Raises

Blank Rome LLP Counselors at Law Above the Law Blog.jpgYesterday Blank Rome announced associate pay raises, of varying sizes, that will take effect in 2008. The firm will move to a starting salary of $160,000 in New York, but not in Washington. In the Philadelphia mother ship, starting pay will be $145,000.
The billable minimum at Blank Rome is 2000 hours. Here’s the memo:
MEMORANDUM
TO: All Attorneys
FROM: David F. Girard-diCarlo, Chairman
Carl M. Buchholz, Managing Partner and Chief Executive Officer
RE: Associate Compensation
We are pleased to announce that the Firm will be increasing starting salaries for Associates, effective January 1, 2008. Starting salaries for Associates in New York will be increased to $160,000, in Washington to $150,000, and in Philadelphia to $145,000. All other offices will be appropriately adjusted to reflect their respective markets.
In addition to increasing starting salaries, we are reviewing the compensation levels for all Associates to make appropriate incremental increases based on class year. Adjustments will be made effective January 1, 2008, and the information regarding these adjustments will be communicated directly to Associates by the Practice Group Leaders once they have been determined. These adjustments will be in addition to the merit increases and bonuses being awarded to our Associates.

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