Biglaw, King & Spalding, Money, Skaddenfreude

Nationwide Pay Raise Watch: King & Spalding

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Earlier today, King & Spalding announced the rest of its new associate pay scale, which will take effect on January 1, 2008. The firm had previously announced a starting salary for first-year associates of $145,000.
In terms of base salary, the K&S scale is similar to the Alston & Bird scale, but slightly better from year 4 through year 7 (to the tune of a few thousand dollars a year). The KS scheme also provides for a fixed bonus at 2050 billable hours (including up to 50 pro bono hours), starting at $7,500 for first years and going up to a range of $30,000-$55,000 for seventh years.
Additional bonuses, both for hours and for “significant non-billable contributions to the firm,” remain available. Memo and table, after the jump.


KING & SPALDING LLP — MEMORANDUM — ATLANTA PARTNER-TRACK ASSOCIATE COMPENSATION

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