According to an internal memo to associates, Winston & Strawn is thawing salaries while also ending lockstep compensation.
The memo from Thomas P. Fitzgerald outlines an associate pay-scale beginning at the market rate of $160,000 for first-year associates. However, it also states associates salaries “will range up to the maximum base compensation levels set forth below.”
There is little detail given in the memo with regards as to how associates could reach the maximum, other than saying associates salaries “will be determined on a case-by-case basis based on seniority, performance and productivity factors and will be communicated separately to each associate.”
The increases will be retroactive to Feb. 1.
Winston & Strawn associates pay scale:
Class Year
2009 $160,000
2008 $170,000
2007 $185,000
2006 $210,000
2005 $230,000
2004 $250,000
2003 $265,000
2002 $280,000
Posted by joshua
on February 22, 2010. Filed under Home,Law Firm News.
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