Wilson Sonsini is thawing salaries, and using the Cooley Godward model. First years are getting $160k, third years are making $170k (had their been no salary freeze they would be drawing $185k) and to avoid paying second and third years the same, the second year associates are getting $165k.
Associates at Wilson Sonsini are also getting their year end bonuses. There are two tiers of bonuses, one for any associate that billed 1900+ hours and a higher tier for those that hit 2100 hours. The second tier of bonuses is higher than the Cravath scale, ranging from 9k to 45k.
All in all, this is fairly good news coming from a firm that laid off over 100 last year and recently laid off 20 more staffers.
Wilson Sonsini was founded in 1961 in Palo Alto, California and also has offices in Austin, New York, San Diego, San Francisco, Seattle, Shanghai, and Washington, D.C.
Posted by joshua
on January 25, 2010. Filed under Home,Law Firm News.
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