Skaddenfreude
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Biglaw, Law Schools, Money, Skaddenfreude
Skaddenfreude: Distribution of 2006 Starting Salaries for Lawyers
We’ve made this point before in these pages, and we’ll make it again: not every recent law school graduate is on the $160K (or even $145K) scale. Many newly minted lawyers are pulling down salaries that fall well short of the six-figure mark. Check out this interesting graphic, which shows the distribution of full-time salaries […] -
Biglaw, Money, Skaddenfreude
Nationwide Pay Raise Watch: Kilpatrick Stockton
One of the firms from this morning’s open thread, Kilpatrick Stockton, recently announced associate pay raises. We heard the news from multiple sources. Here’s what one had to say: Kilpatrick Stockton raised salaries on Friday, effective 1/1/08 (in all markets). 145K in Atlanta and all NC offices, 160 in NY, DC and for IP associates […] - Sponsored
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Biglaw, Money, Skaddenfreude
Skaddenfreude: The Am Law Associate Paycheck Report
Good stuff. Check it out here (article) and here (chart). The Paycheck Report [The American Lawyer] Associates Salary Survey [The American Lawyer]
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Biglaw, Job Searches, Layoffs, Money, Skaddenfreude, Wall Street
Layoffs?
Last week we wondered whether conditions in the stock and credit markets might lead to layoffs or affect bonuses. The situation has continued to deteriorate, particularly in the credit market. Now others are starting to join us in the rampant speculation about layoffs. From the NYT’s DealBook: The current turmoil in the credit market has […] -
Biglaw, Bonuses, Clerkships, Money, Skaddenfreude
Clerkship Bonus Watch: Open Thread
A week has passed since our last bit of clerkship bonus news. Have you heard anything on this subject that we haven’t previously reported? If so, please note it in the comments, or email us (subject line: “Clerkship Bonus Watch”). Bonus question: With respect to the Dewey Ballantine / LeBoeuf Lamb merger, whose clerkship bonus […] -
Biglaw, Layoffs, Money, Skaddenfreude
Nationwide Pay Raise Watch: NYC to 190 Associate Layoffs?
A few weeks ago, we were getting bombarded with rumors of supposedly imminent New York pay raises. Davis Polk to $180K! Simpson Thacher to $190K! The gossip was running rampant. But in the last two weeks or so, with all of the turmoil in the stock market and tightening in the credit market, pay raise […] -
Biglaw, Bonuses, Clerkships, Money, Skaddenfreude
Clerkship Bonus Watch: Latham Joins the $50K/$70K Club (For Real)
To all of you who have been complaining about the clerkship bonus policy of Latham & Watkins, the firm has heard your pleas. And it has taken action. But if you’re starting at the firm in 2007, you might not reap the benefits of your whining advocacy. An LW offeree passed along this information to […] -
Biglaw, Money, Skaddenfreude
Nationwide Pay Raise Watch: Sutherland Asbill & Brennan
The person maintaining this Atlanta List of Shame needs to update it. The starting salary in the Atlanta office of Sutherland Asbill & Brennan is now $145,000 (effective January 1, 2008). The firm has also raised first-year salaries to $160,000 in Houston and Washington, DC (effective September 1, 2007). For more senior associates, things are […] - Sponsored
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Biglaw, Money, Skaddenfreude
Nationwide Pay Raise Watch: Jones Day (Atlanta)
A source at Jones Day has confirmed for us the rumor that the firm’s Atlanta office has raised starting salaries to $150,000. Here’s more detail: First years are at $150,000, and senior classes are to be paid commensurate with Jones Day’s goals to pay at the top of each market in which it operates. There […] -
Biglaw, Money, Skaddenfreude
Nationwide Pay Raise Watch: Gardere Wynne Sewell
More Texas pay raise news. The latest: Gardere Wynne Sewell has raised starting salaries to $160,000, effective September 1. No word yet on more senior classes. Memo after the jump. -
Biglaw, Money, Skaddenfreude, Thompson Hine
Nationwide Pay Raise Watch: Thompson Hine
Last week, Thompson Hine raised starting salaries in some of its Ohio offices, effective January 1, 2008. The new first-year associate salaries: Cincinnati, $115,000; Cleveland, $125,000; and Dayton, $115,000. Memo after the jump. -
Biglaw, Intellectual Property, Money, Skaddenfreude
Nationwide Pay Raise Watch: IP Firms
As law firms around the country raise associate starting salaries to $160,000, some people are wondering: What about intellectual property shops? We don’t think there’s much to this story. It’s our understanding that most top IP firms are already at $160K (and have been there for quite some time). As everyone knows, IP is hot […] -
Allen Matkins, Biglaw, King & Spalding, Money, Skaddenfreude
Nationwide Pay Raise Watch: Odds and Ends
None of these items is new. But as we were going through our overflowing inbox — if we owe you an email, we apologize for our delinquency (or blame our spam filter) — we came across some associate pay raises not previously mentioned here: 1. King & Spalding: We provided extensive coverage of their recent […]
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Biglaw, Bonuses, Clerkships, Money, Skaddenfreude
Clerkship Bonus Watch: Sidley Austin to $50K
Some good news, from a very happy tipster: Sidley has just announced that they have raised clerkship bonuses to $50k! YES! We’ve confirmed this raise with sources at the firm. So you can treat it as confirmed. Update (2:55 PM): In response to some follow-up questions from us, the firm’s D.C. hiring partner, Joseph Guerra, […] -
Alston & Bird, Biglaw, Bonuses, Clerkships, King & Spalding, Money, Skaddenfreude
Nationwide Pay Raise Watch: Troutman Sanders
The dominoes are falling in Atlanta. Last night, Troutman Sanders made its associate pay raise announcement. From the Fulton County Daily Report: 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 […] -
Bonuses, Clerkships, Money, Running, Shameless Plugs, Skaddenfreude
Clerkship Bonus Watch: Quinn Emanuel
Clerkship bonus announcements continue to roll in. Here’s the latest: Quinn Emanuel’s website confirms that they have finally increased their clerkship bonus to $50,000. My understanding is that other prestigious California litigation shops, like Keker and Munger, are still stuck at $35,000. You would make my day if you called them to confirm this (and […] -
Biglaw, Money, New Jersey, Skaddenfreude
Nationwide Pay Raise Watch: Garden State Raises
Time for a quick shout-out to our home state. From the New Jersey Law Journal: It used to be that salaries for first-year associates at large firms remained intact for the year. No more. Increasing pressures to match the pay offered elsewhere have impelled some New Jersey firms to a midyear hike, a sampling of […] -
Biglaw, Money, Skaddenfreude
Nationwide Pay Raise Watch: K&L Gates (DC)
This rumor has been around for a while, but we wanted to wait until it was official. Now it is (as of twenty minutes ago): From: Miller, CharlesSent: Thursday, August 09, 2007 1:31 PMTo: WA ASSOCCc: Kalis, Peter; Fried, Susan V.; Graner, Glenn; Carson, Rodney E.Subject: New DC Associate Salaries All: This will confirm the […] -
Biglaw, Bonuses, Clerkships, Kramer Levin, Money, Peter Lattman, Skaddenfreude
Clerkship Bonus Watch: Kramer Levin
Firms continue to raise their clerkship bonuses, although the pace of announcements seems to be slowing. Here’s the latest addition to the $50K/$70K Club: “Kramer Levin increased its clerkship bonus to $50,000 for one year and $70,000 for two years. The info is on their NALP page.” Indeed it is. You can access the firm’s […] -
Biglaw, King & Spalding, Money, Skaddenfreude
Nationwide Pay Raise Watch: More on King & Spalding
Earlier this week, we reported on King & Spalding raising starting salaries for its associates to $145,000. A subsequent article, in the Fulton County Daily Report, contained this interesting analysis: [Legal recruiter Raffaele V.] Murdocca predicted that King & Spalding would not simply match the new Alston & Bird pay scale for more senior classes. […]