O’Melveny & Myers matched. It was announced over the weekend.
Posted by on 12/31/1969 at 03:00 PM
Gibson Dunn & Crutcher Throws Associates a Bone
Monday, January 09, 2006 - 9:28 am
The compensation arms race for lawyers in the City of Angels is heating up, now that Gibson Dunn & Crutcher has announced that it is bumping up first-year associates pay $10,000 to $135,000. The firm-wide raises will also boost fourth-year base pay to $170,000 and seventh-year pay to $210,000. The move is likely to force the hands of other bulge-bracket firms. “All firms that consider themselves to be among Gibson Dunn’s peer group will be forced to follow to $135,” said consultant Richard Gary. “I am convinced of it. There is no way they can afford to stay at $125.”
Gibson Dunn Bumps Up First Year Pay [Law.com]
Comments:
Really, is this a big deal? Many firms did this years ago (Skadden and some other monsters). Either way, this the first real raise since 2000 - yes, the tech boom. Salaries went from 90K to 125K. Besides, what is an extra $400 or so going to do? I guess it makes the glorified bag carriers and document reviewers feel more important, like those long hours in the library meant something (can you tell that I’m a lawyer?)
Posted by Anonymous on 12/31/1969 at 03:00 PM
Page 1 of 1 pages
Next entry: Deutsche Sucks Up $50 Million CDO Overstatement
Previous entry: Four MS Staffers Lap Danced Out of Job
