The website of Irell & Manella touts the firm as “An Elite CA Law Firm.”
Immodest? Perhaps. But true, insofar as Irell pays its associates as “an elite CA law firm” should.
The Irell & Manella pay raise memo, after the jump.
Irell & Manella
- Biglaw, Gibson Dunn, Irell & Manella, Kirkland & Ellis, Latham & Watkins, Money, O'Melveny & Myers, Skaddenfreude
A few weeks ago, we reported that Kirkland & Ellis’s Los Angeles office has raised the starting salary for its new associates to $145,000.
For those of you who don’t believe anything until it appears in the MSM, you can now rest easy. From today’s Recorder:
Chicago-based Kirkland & Ellis confirmed to The Recorder last week that it has upped its California offices to start at $145,000.
The article also reports that Irell & Manella has joined the $145,000 club, paying its first-year associates in Los Angeles the standard going rate for New York.
The question now becomes whether (and when) the so-called “Big Three” of L.A. law firms — Gibson Dunn & Crutcher, Latham & Watkins, and O’Melveny & Myers — will match. Rumor has it that Latham is “reconsidering” whether to raise to $145K (a movie it had previously ruled out doing in 2007).
If you hear anything on that front, please share what you know. Thanks.
Irell and Kirkland Hit $145K Mark [The Recorder via Law.com]
Re: Kirkland goes to $145k in LA/SF [Infirmation / Greedy LA]
Earlier: Skaddenfreude: Kirkland LA Ups the Ante
- Baker Botts, Biglaw, Cadwalader, Davis Polk, Dorsey & Whitney, Federal Government, HP, Irell & Manella, Kirkpatrick & Lockhart, Milberg Weiss, Money, Musical Chairs, Orrick Herrington & Sutcliffe, Pillsbury Winthrop, S.D.N.Y., Securities and Exchange Commission, U.S. Attorneys Offices, White-Collar Crime
Oodles of juicy moves today, especially out of and into the federal government. As the leaves change, so do the lawyers.
Government to Private Sector:
* Federal prosecutor John Hueston, a leader of the team that prosecuted Enron execs Kenneth Lay and Jeffrey Skilling, is heading for the greener pastures of Irell & Manella.
All around the country, AUSAs with white-collar criminal experience are leaving U.S. Attorney’s Offices — including our former workplace — for the more lucrative precincts of private practice. The trend is especially pronounced in the legendary Southern District of New York, as noted by Anna Schneider-Mayerson.
Private Sector to Government:
* Corporate and securities lawyer Michael Halloran, a partner at Pillsbury Winthrop, has been appointed to serve as deputy chief of staff and counselor to Christopher Cox, chairman of the U.S. Securities and Exchange Commission.
* Broker-dealer compliance specialist Steven Lofchie, to Cadwalader, Wickersham & Taft, from Davis Polk & Wardwell. (In this day and age, compliance is a hot area. We’re guessing Lofchie got offered a nice deal.)
* Tax lawyer John Narducci, to Orrick, Herrington & Sutcliffe, from White & Case.
* IP lawyer Robert Wasnofski Jr., to Dorsey & Whitney, from Baker Botts.
* M&A lawyer Sandy Feldman, to Kirkpatrick & Lockhart Nicholson Graham, from Torys.
* Plaintiffs’ lawyer Alan Schulman, of Bernstein, Litowitz — and formerly of the indicted Milberg Weiss — is retiring at the end of the year.
Not Going Anywhere — Yet:
* Apple CEO Steve Jobs and HP CEO Mark Hurd are sticking around — despite the problems that their companies face.
NY Practice Leader Leaves One Elite NY Firm for Another [NYLawyer.com]
More NY Partners Switching Firms [NYLawyer.com]
Milberg Weiss: Merger Talks Break Down; An Alum Retires [WSJ Law Blog]
Enron Prosecutor John Hueston to Join Irell & Manella [WSJ Law Blog]
The Gang That Shot Straight Is Disbanding, For a Profit [New York Observer]