Troutman Sanders raised associate pay $15,000 across the board in its Atlanta, Washington, Virginia and North Carolina offices Thursday, with the starting salary going from $130,000 to $145,000.
The firm’s managing partner, Robert W. Webb Jr., announced the pay increase to associates at 5 p.m. Thursday.
The raises are effective Jan. 1, 2008, the same date the pay raise that Alston & Bird announced to its Atlanta associates last week goes into effect. Earlier this week, King & Spalding matched Alston’s $15,000 increase in starting pay, also effective Jan. 1, but did not raise pay for more senior associates.
Correction: According to a source at the firm, as well as various commenters, “Troutman’s DC and Tysons Corner offices have starting salaries of $160K as a result of the increase. (Troutman’s Atlanta office is starting at $145K).”
What’s most noteworthy about this raise, as pointed out to us by several tipsters, is that it’s “across the board” — not just for first- or second-year associates. In Atlanta, where salary compression for more senior associates is a serious issue, an across-the-board raise of $15,000 is good news indeed. It’s better than what has been announced thus far by Alston & Bird and King & Spalding.
More discussion, after the jump.
[Legal recruiter Raffaele V.] Murdocca predicted that King & Spalding would not simply match the new Alston & Bird pay scale for more senior classes. “A lot of associates are upset with how much pay compression there is at Alston & Bird,” he pointed out.
Alston increased pay by $15,000 for first-year associates but in smaller increments for more senior associate classes, so there is only a $45,000 difference between the salaries of the firm’s first- and seventh-year associates….
“That is not a lot of money when dealing with very different levels of experience,” said Murdocca. “Mid-level and senior associates are doing a substantial amount of work and are very valuable. The firm does not want to upset them….”
For ATL readers in ATL, there’s additional discussion after the jump.
Good times for associates at King & Spalding in Atlanta. They get kidnapped, but they’re released unharmed. And now they get pay raises!
We’ve confirmed the rumor from yesterday afternoon that King & Spalding has raised starting salaries for first-year associates. Here’s the email:
We are pleased to announce that, effective January 1, 2008, the salary for first-year, partner-track associates in the Atlanta office will be $145,000. We are continuing to evaluate compensation for other partner-track associates in Atlanta and will communicate with you further as additional decisions are made. We appreciate all that you do for the firm and for our clients.
Time for another summer associate story. We’re still taking submissions on these, so if you have one, check the submission guidelines and fire away.
Here’s our latest X-Summer:
1. Superhero name: Crab Stabber AKA Senorita Foulmouth
2. Special power: Crazed Crustacean Impaling/ Spanish Profanity
3. Summered: King & Spalding, Houston, Summer 2004 or 2005 (“can’t recall”)
4. Claim to fame: The allegations, according to our tipster:
“K&S Houston used to have this boondoggle of a recruiting trip to the Four Seasons resort in Punta Mita Mexico for a weekend. Excellent way to get to know your summers, their spouses, and how they behave socially. And did I mention it is at a Four Seasons in Mexico?”
“Anyway, a group of people were sitting at a beach campfire, drinking some adult beverages and making smores and other goodies on the fire. Our heroine takes her skewer and proceeds to stab a crab, roughly 8 inches in diameter, that was trying to sneak by the people on the beach. Not a small crab. She then proceeds to roast it on the fire. There is a famous picture, which she more or less posed for, with her holding the crab on the skewer with a maniacal grin on her face. Let’s just say some of the partners, spouses and others sitting around the campfire were a little shocked.”
“At another point during that summer, our heroine was sitting in at the beginning of a lunch seminar with other summers, attorneys and paralegals. That summer, [a lot] of the SAs happened to be fluent in Spanish and would speak Spanish to each other in the halls, etc. Well, our heroine was talking to another summer in Spanish and apparently cursing like a Caracas sailor in mixed company, when a paralegal politely said: “You may want to be careful, other people speak Spanish here, too.” To which our heroine shot back: “Are you an attorney?” Ummm… no, but let’s just say that the paralegal knew a few.
5. What happened next: “Ummmm…. no offer.”
The rules still apply. Don’t be a d-bag and name the Crab Stabber or try to guess who she is. Thanks a bunch.
Two attorneys were reportedly kidnapped after leaving a nightclub in Atlanta Saturday night. They were found unharmed after one wrote a text message to his brother.
David Deganian, 26, and a friend, Herman Hoying, 28, stayed behind to pay a bar tab as everyone started to leave around 2:30 a.m., Arman Deganian said.
But David Deganian and Hoying never made it to the house. The truck they had arrived in was missing when Arman Deganian went out to look for his brother after receiving the text message.
Atlanta police issued a news release saying the two men were missing.
But by Sunday afternoon, Atlanta police had two men in custody. They were arrested in a store in southwest Atlanta when police say they used a credit card from one of the missing men, Arman Deganian said.
Text messages: Literally life-saving!
You wouldn’t think it from the image shown here, but Herman Hoying (the one on the left) is an associate at King & Spalding, the venerable Atlanta firm. Check out the picture on the firm’s site — Herman cleans up well!
We wonder: How much ransom would K&S have paid to get Hoying back? Update: Herman Hoying has a nice comment below:
I want to acknowledge the amazing work of both the Atlanta Police Department and SunTrust Bank, who worked together to quite literally save our lives. They did amazing work.
First, King & Spalding is now on the $160K salary scale in Washington, DC. We hear that the associates back in Atlanta, who have not seen any raise action, aren’t happy campers. Memo after the jump.
Second, with respect to the rumor that Hogan & Hartson has raised salaries for its lower-hours track, we’d appreciate it if someone would send us confirmation and/or a memo. Thanks.
The day that many of you have been waiting for has arrived. Today ATL goes to ATL: the fair city of Atlanta!
Based on NALP forms and priornewsarticles, it seems that starting salaries in the Big Peach generally range from $130,000 and $145,000 (similar to Philadelphia).
At $130K: Alston & Bird; Arnall Golden Gregory; King & Spalding; Kilpatrick Stockton; McKenna Long & Aldridge; Morris, Manning & Martin; Paul Hastings; Powell Goldstein; Smith Gambrell & Russell; Sutherland Asbill & Brennan; Troutman Sanders; Womble Carlyle.
At $135K: Jones Day
At $145K.: Dow Lohnes; Hunton & Williams; McGuireWoods; Schiff Hardin.
Today was a little more interesting than yesterday. A few announcements were made — or were finally brought to our attention and confirmed, if they were made previously.
After the jump, more information about DLA Piper, Katten Muchin Rosenman, King & Spalding, and Jones Day (Atlanta).
(And, of course, your comments.)
Here’s the King & Spalding memo. As our source points out, “King & Spalding matched — but NYC only, which leaves an 8th-year in their Atlanta office making less than a 1st-year in their NY office.” Correction/Update: This is actually a disputed matter. According to this comment, a first-year in New York ($160K) makes more than a sixth-year in Atlanta ($155K), but not an eighth-year ($170K). The point remains, however, that K&S’s New York associates earn significantly more than their colleagues at the Atlanta mother ship. KING & SPALDING LLP
From: Hays, Robert
Sent: Thursday, January 25, 2007 6:32 PM
To: [New York associates]
Subject: Increase in Salaries for New York Partner-Track Associates
Please see the attached announcement regarding changes to base salaries for our New York partner-track associates.
A few moves within the legal profession worth noting: Legal Academia:
* Tax law professor Neil Buchanan, to GW, from Rutgers-Newark, effective January 2007. (Gavel Bang: TaxProf Blog.) Lateral Law Firm Moves:
* Corporate lawyer Carey Schreiber, to Winston & Strawn, from Dewey Ballantine.
* Corporate lawyer Jeffrey Katz, to Dechert (as a partner), from Milbank Tweed (where he was a senior attorney). New Partners:
* King & Spalding has named twelve new partners. Have a friend who was up this year? See if they made it by reviewing the firm’s press release.
Although they don’t involve moves, while we’re on the subject of law firm employment (and King & Spalding), here are two interesting items from the WSJ Law Blog:
This will take effect as of 2008, when Richard Hays takes over as Alston & Bird’s managing partner. Robert Hays is currently chair of King & Spalding. See alsohere.
2. Spurned Orrick Associate Sues Firm: “At the same time that it’s talking merger with Dewey Ballantine, west-coast powerhouse Orrick, Herrington & Sutcliffe is defending a suit by a former associate who claims the firm fraudulently promised to make him a partner.”
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We currently have a number of active openings for associate roles at US and UK firms in HK / China, Singapore and two new in-house openings. As always, please feel free to reach out to us at firstname.lastname@example.org in order to get details of current openings in Asia, as well as to discuss the Asia markets in general and what we expect for openings later this year. Our Evan Jowers and Robert Kinney will be in Beijing the week of March 25 and Evan Jowers will be in Hong Kong the week of April 1, if you would like to meet them in person.
The US associate openings we have in law firms are in the usual areas of M&A, cap markets, FCPA / white collar litigation, finance, and project finance. The most urgent of our top tier (top 15 US or magic circle) law firm openings in Asia (among many other firm openings that we have in Asia) are as follows:
• 2nd to 5th year mandarin fluent M&A associates needed in Beijing and Hong Kong at several firms;
• Korean fluent 2nd to 4th year cap markets associate needed in Hong Kong;
• 2nd to 5th year Japanese fluent M&A associates needed in Tokyo;
• 4th to 6th year mandarin fluent cap markets associate needed in Hong Kong;
• 2nd to 4th year M&A / cap markets mix associate needed in Singapore.
The last time I flapped my wings your way, I tried to make at least enough noise about your mobile phone to make you more than a little bit uncomfortable. I hope I did. If enough of us become anxious enough about the known and unknown unknowns and knowns in our mobile phones, then we can start making wise decisions about how to manage that information and its resultant investigations.
Today, I’d like to put a finer point on the last installment’s topic by asking a question that seemed to catch most attendees off-guard at a conference panel that I moderated last week: is there discoverable personal information in a mobile app? Our panelists’ answer was a uniform “yes” with one stating that, if he had to choose only one type of data that he could discover from a mobile phone, he’d choose app data. Why? Because there’s simply so much of it and because almost all of it is objective – not just user-created like an email – but machine-tracked like GPS, usage duration, log in and log out times, browsed web addresses, browsed actual addresses. Also, most of us seem to have the idea that data doesn’t actually “stick” to our mobile devices the way it “sticks” to our hard drives. Maybe there’s a disconnect based on the fact that our phones are mobile so we assume the data is mobile to?
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