Are we breaking the back of the recession? Today, we have news that Hughes Hubbard is making raises that put will put its associates back to pre-salary freeze levels. Here’s the salary information from the firm-wide memo:
ANNUAL SALARIES
In recognition of those efforts, we will be implementing raises in annual salaries in all offices retroactive to January 1, 2010. For all associates who perform up to expectations, the salaries in the New York, New Jersey and Washington, D.C. offices will be set at the levels listed below; salaries in our Los Angeles and Miami offices will be adjusted on a case-by-case basis.
Class Year Salary
2009 $160,000
2008 $170,000
2007 $185,000
2006 $210,000
2005 $230,000
2004 $240,000
2003 $250,000
2002 $265,000
2001 $275,000
2000 and above $280,000
If you check out our salary thaw chart, you’ll see that this is a true-up raise. Hughes Hubbard is back to paying associate salaries at the top of the market.
CORRECTION: HHR is at market for the first five years, but senior associates should be earning more, as noted by this commenter: “Market salaries should be: 2004 = $250K (not $240K); 2003 = $265K (not $250K); 2002 = $280K (not $265).”
After the jump, there’s good news — plus a CORRECTION — on bonuses.




Loren Friedman earned
On Monday, we wrote about 









