Nationwide Salary Freeze Watch: Buchanan Ingersoll, and a New Round-up
After yesterday's staff layoff news, it may come as no surprise that Buchanan Ingersoll & Rooney is the latest firm to freeze associate salaries for 2009. From a tipster there:
Buchanan Ingersoll announced a salary freeze for 2009 for all associates except "unusual" cases, e.g., laterals who were brought in at what is now perceived to be slightly undermarket salaries last year may get bumped a little. Several other raises on a case-by-case basis, but they will be few.
Better a freeze than a lay-off, we say. We've updated the list of firms that have chosen not to institute class year raises. The list is now 47-firms strong. Check it out, after the jump.
Here is the list of firms that have frozen salaries at 2008 levels for 2009, or until further notice. Send us updates at tips@abovethelaw.com.
Solid Ice Freeze (2009 salaries will remain at 2008 levels)
Allen & Overy
Akerman Senterfitt
Arent Fox
Ballard Spahr
Blank Rome
Bryan Cave
Buchanan Ingersoll
Carter Ledyard & Milburn
Cooley
Dickstein Shapiro
DLA Piper
Freshfields
Goodwin Procter
Hogan & Hartson
Latham & Watkins
Morgan Lewis
Morrison Foerster (except New York associates, who will receive class year raise in their January 2010 bonus)
Orrick
Perkins Coie
Pillsbury Winthrop (for associates who billed less than 1800 hours)
Seyfarth Shaw
Sheppard Mullin
Squire Sanders
[Update: 12:35 p.m.] Steptoe & Johnson
Sutherland
Townsend
Wilson Sonsini
The Slurpee Freeze (2009 salaries will remain at 2008 levels... for now)
Alston & Bird
Andrews Kurth
Arnold & Porter
Baker & McKenzie (will revisit June 30)
Bingham McCutchen
Chadbourne & Parke
Dorsey & Whitney
Fish & Richardson
Fulbright & Jaworski (will revisit after the first quarter)
Katten Muchin
K&L Gates (will revisit in July)
Haynes and Boone
Mayer Brown
McDermott Will & Emery (will revisit in March)
Patton Boggs
Sidley Austin (will revisit "sometime" in the first quarter)
Sonnenschein
Venable
Winston & Strawn
Womble Carlyle (will revisit mid-year)



Comments
FIRST!!!!
who cares?
thirdsty
hey, ATL, if you are going to keep a running list, can you also please keep a bucket for firms that have NOT frozen?
ya, its news and all, but it seems like all you want to do is generate the max drama possible ==> website hits==> ad revenue. thks
Hey 4...why don't you go start your own blog, and you can keep the list.
This will surely drive the average salary for UPenn State grads down, which will only make it harder for UPenn State to keep its ABA accreditation, let alone break out of the 4th tier! the hits keep on coming!
anyone hear about the philadelphia district attorney rescinding all 12 3L offers?
This makes no sense. Buchanan Ingersoll doesn't give lock step raises. In fact, they barely give raises at all. We're lucky if they throw a $5K raise our way at the end of the year and the raises are usually somewhere between $3K and $0. If I had to guess I’d say Nolan Kurtz is leaking this info in an effort to try and actually make the firm look good by saying there's a salary freeze, implying that there is actually something to freeze to begin with. You can’t freeze zero. This absolutely makes no sense.
First to say Buchanan Imbecile!
The Knicks finally got rid of that cancerous punk Marbury. Good riddance.
While this might be seen as copying lawshucks a bit, would it be possible to have some kind of tab or link on the first page where we could easily find this list, rather than having to search for it?
Just a suggestion/request!
But Buchanan is one of the better Philadelphia firms.
Are any of these firms even relevant anymore?
Two soldiers in Iraq challenging Obama's authority as Commander in Chief: He's not eligible to be president!
http://www.wnd.com/index.php?fa=PAGE.view&pageId=89941
Please also note that Pillsbury has a "thaw" available to remedy the freeze. Associates affected by the freeze who make hours (1950) will get the salary step difference back at the end of the year.
So much for choosing firms based on Vault rankings.
Mintz Levin has forozen salaries. Add that to the list.
I blame the NYC office. They pay the associates their $40K then the ones in our main office even though they have no work and now they're bring us all down. I've really had enough of those guys.
The pillsbury notation is not entirely accurate. It is a solid ice freeze even for those who billed over 1800 hours. The only exception is for those who billed fewer than 1800 hours last year (and did not get a raise), but who billed over 1800 hours this year. Those individuals will get a bump up to their class level.
18 = incomprehensible.
Any word on the V10? (the firms you wouldn't expect this garbage from).
Associates at these firms should have studied harder in law school. They might have ended up at firms that aren't freezing salaries. This reads like the laundry list of median GULC employers.
20, I think 18 is trying to say that the associates in Buchanan's NY office have a much higher salary than the Pittsburgh office but contribute very little to the firm's growth and are viewed by many as an economic drain of the firm.
20, I think 18 is trying to say that the associates in Buchanan's NY office have a much higher salary than the Pittsburgh office but contribute very little to the firm's growth and are viewed by many as an economic drain ON the firm.
Sutherland needs to be updated with a notation that an associate can receive his/her full 2009 comp. if he/she bills 1950 (and pro bono is unlimited).
The NY office is and should be Barry Slotnick and a few of his minions. Other than that, it's a waste of office space.
If the Pittsburgh associates are all as illiterate as #18, perhaps the NY associates DESERVE $40k more!
I thought Barry Slotnick was the head of IP at Loeb &
Loeb? He moved to Buchanan? God, have the mighty fallen!
What about the rumors of pending Latham layoffs?
28--I don't know if you can comprehend the fact that there are at least 2 people named Barry Slotnick in this world, but 26 meant the Litigation one, not the IP one.
http://www.loeb.com/barry_slotnick/
http://www.bipc.com/professionals.php?PeopleID=472
-Not 26
28, you have your Barry Slotnicks mixed up. Barry Slotnick is still the Partner and Chair of Intellectual Property and Entertainment at Loeb & Loeb. Buchanan has the ambulance chasing, subway shooter defending, media hound Barry Slotnick leading their firm. Same name but totally different game.
So have the v10 firms already instituted a lock-step salary increase? And if so, any report what the increase amount is? $10K????
Anyone know anything about Latham's summer programs? Summers still don't have their work dates.
Where does Akin Gump fit in all of this freeze stuff? I heard they froze but no listing here...
Where does Akin Gump fit in all of this freeze stuff? I heard they froze but no listing here...
Any idea why Freshfields' website is down? Impending doom or just horrible infrastructure hosting?
Any idea why Freshfields' website is down? Impending doom or just horrible infrastructure hosting?
It would be interesting to know what is going on with Howrey. Didn't they go to non-lockstep compensation this year? As a result, they wouldn't need to announce a freeze of any kind. For all we know, some of their associates and counsel are making less than they used to, let alone the same.
What about White & Case? They've frozen in London...
What about White & Case? They've frozen in London...