LOEB & LOEB — MEMO — ASSOCIATE SALARY INCREASES
From: Kenneth Florin
Date: July 7, 2021
Subject: Announcing Associate Salary Increases
(Sent via BCC to attorneys in NY, DC, CH, SF and LA)
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Dear All,
I am pleased to announce a new salary scale for our associates. Effective August 1, new salary tiers will be as follows:*
| Tier | Current Base | Base Increase | New Base as of 8/1 |
| T1 | $190,000 | $15,000 | $205,000 |
| T2 | $200,000 | $15,000 | $215,000 |
| T3 | $210,000 | $20,000 | $230,000 |
| T4 | $225,000 | $20,000 | $245,000 |
| T5 | $235,000 | $25,000 | $260,000 |
| T6 | $250,000 | $25,000 | $275,000 |
| T7 | $265,000 | $25,000 | $290,000 |
| T8 | $275,000 | $25,000 | $300,000 |
* Senior Counsel compensation is under separate review and decisions on this will be coming shortly.
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* We are separately addressing adjustments for our colleagues in Nashville.
In addition to increasing the salary bases for all tiers, we are also currently undertaking a review of our associate and senior counsel bonus structure to ensure that we remain competitive. Our intent is to have a total compensation system that is both consistent and fair as well as meaningfully rewards our most productive associates.
On behalf of myself as well as our Firm’s leadership team and the Board of Partners, thank you for your incredible dedication and service to our firm. I would also like to thank our Associate Committee leaders for taking the time to meet with, and provide valuable input to, myself and our Vice Chairs.
If you have any questions, please do not hesitate to reach out to Paul Giangola, a member of our Board, or me.
Best,
Ken
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