Nationwide Pay Raise Watch: Bryan Cave to $160K

onOctober 3, 2007 at 8:30 AM

In “selected U.S. offices.” Here’s the memo, which was issued yesterday:

From: Professional Resources
Sent: Tuesday, October 02, 2007 12:31 PM
To: LAWYERS
Cc: NBREC
Subject: Selected US Offices – Associate Salary Increases

Consistent with the Firm’s effort to attract top tier talent in each of our markets, the Firm continuously monitors each market to determine if our compensation and benefits packages remain competitive. In this regard, we are pleased to announce the following increases in Associate starting salaries affecting our Chicago, Irvine, Kansas City, Santa Monica, St. Louis and Washington, DC offices.

Effective January 1, 2008, Associate starting salaries in our Chicago, Irvine, Santa Monica and Washington, DC offices will be increased from the present $145,000 to $160,000. Effective June 1, 2008, Associate starting salaries in our St. Louis office will increase from the present $110,000 to $120,000 and Associate starting salaries in our Kansas City office will increase from the present $105,000 to $110,000.

The Firm will continue to monitor compensation trends in all of our markets around the world during this dynamic period in our industry. Thank you for your continued efforts on behalf of the Firm and its clients.

Lynn McCreary and Steven Kornblau

No word on what compensation for more senior classes will look like.
The move to $160,000 in Bryan Cave’s Chicago, D.C., and California offices, which won’t take place until next year, comes months after $160K became the new market rate in these locations. But hey, better late than never. Congratulations, Bryan Cave associates!