This latest bit of associate pay raise news is not particularly new. It was conveyed last week, via hard copy letter (in envelopes marked “professional and confidential”).
But we never met a pay raise announcement we didn’t like, so we’ll pass it along. Foley & Lardner — which, by the way, recently announced its new partnership class — has raised the salaries of its non-IP associates in the Milwaukee, Miami, and Detroit offices.
Numbers and tables, after the jump.
FOLEY & LARDNER — ASSOCIATE SALARY TABLES
1850 billable hours/150 investment hours
1950 billable hours/150 investment hours
In Milwaukee, Detroit and Miami, but also believed to be the salaries for the firm’s big market offices (i.e Chicago, NYC, LA, SF, DC):
Some observations from our source:
* Yes, there’s lots of year-to-year compression.
* But this is market-leading in Detroit and Milwaukee. (The Miami office is small and new.)
* The two-pay-hike divide between IP and non-IP lawyers for the past year was not well-received by the non-IP lawyers. So this raise is a step in the right direction (from the point of view of the non-IP lawyers).
Foley Elects New Partners [Foley & Lardner LLP]