Following the stampede of larger California firms to hike associate salaries to the New York level, other firms continue to join the herd. Wilson Sonsini, Fenwick & West, Heller Ehrman and Irell & Manella are among the latest to raise starting pay in California to $160,000. But some firms that have matched have done so partly with money already set aside for their associates. MoFo, Heller and, according to a leaked memo, Wilson Sonsini have eliminated or reduced some associate bonuses.
Some Firms Cutting Bonuses to Cover Cost of Rising Salaries
May 16, 2007