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 [...]
Continue reading...Monday, January 25, 2010
Hughes Hubbard is thawing out salaries and junior associates are getting a double bump, placing them where they would have been had there been no salary freeze. Senior associates are splitting the difference, with the class of 2004 and beyond getting bumped up but not quite as far. Of course, this further muddies [...]
Continue reading...Thursday, January 7, 2010
Pillsbury’s first year associates outside of New York are receiving a salary cut, down to $145k. Any first year that bills in excess of 1950 hours will receive an additional $15k bonus. First years in the New York office will continue to receive $160k. Salaries for 2010 have not yet been set and for [...]
Continue reading...Wednesday, January 6, 2010
Los Angeles based Irell & Manella gave its associates the good news last week. The firm is paying double the Sullivan & Cromwell scale, which is the Cravath scale with a little boost at the top. There are no performance reviews or subjective criteria, just a minimum number of billed hours. All [...]
Continue reading...Tuesday, January 5, 2010
Dechert is paying year end bonuses that should, by now, look familiar to those following the industry. Like many of its contemporaries, the firm is matching the Cravath bonus scale, although it says that a few exceptional individual will receive bonuses up to $25k larger than the standard grid. In addition, it will [...]
Continue reading...Monday, January 4, 2010
At the start of 2009 Arnold & Porter announced that it was freezing salaries but held out the hope that some or all of the difference might be paid out later if economic situations warranted. At the end of December a firm wide memo went out in which Arnold & Porter announced that all [...]
Continue reading...Tuesday, December 29, 2009
Kramer Levin is paying bonuses mid February and they are based on the Cravath scale. To be eligible for a Cravath sized bonus, an associate must have met certain billable hour targets. Anyone that falls short may be eligible for a smaller bonus and those that joined the firm mid year will receive [...]
Continue reading...Monday, December 28, 2009
Mayer Brownassociates got the news on Christmas Eve – the firm is matching the Cravath bonus scale. $7500 for first years, $30k for senior associates and the same sliding scale in between. What associates have not yet been told is whether or not they’re getting a pay raise next year. Mayer Brown [...]
Continue reading...Wednesday, December 23, 2009
Kirkland & Ellis is wildly popular with its associates most of the time but things may have changed a bit this year. Associates received their bonuses this week. No standardized scale has been announced but some details have begun to trickle out. Some associates are reporting bonuses lower than the Cravath scale, and other [...]
Continue reading...Wednesday, December 23, 2009
Weil Gotshal is paying most of its associates on the Sullivan & Cromwell scale – $7500 for the first years up to $33k for the most senior – but some of the senior associates who are on Santa’s nice list will be getting a bit more. At the top of the scale, bonuses for [...]
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Monday, January 25, 2010
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