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The Cost of Doing Business Just Went Up After a month of public-relations posturing, internal foot-dragging from management committees, and fleeting hopes for d�tente, firms on Legal Times‘ D.C. 20 have embraced the latest associate salary raise — for the most part. The chart below shows the shakeout. Here are some highlights… • New York-based Simpson Thacher & Bartlett started the whole bidding war by bumping pay for first-year associates to $160,000. • To stay competitive, California-based O’Melveny & Myers and D.C.-based Hogan & Hartson identified $145,000 as the new benchmark in Washington. • Notable movers are Finnegan, Henderson, Farabow, Garrett & Dunner, which showed its financial power by jumping all the way up to $160,000; and Patton Boggs joining the new standard. Only Venable remains at $135,000.
1. Hogan & Hartson $135,000 $145,000
2. WilmerHale $135,000 $145,000
3. Arnold & Porter $135,000 $145,000
4. Covington & Burling $135,000 $145,000
5. Skadden, Arps, Slate, Meagher & Flom $145,000 $160,000
6. Dickstein Shapiro $135,000 $145,000
7. Steptoe & Johnson $135,000 $145,000
8. Pillsbury Winthrop Shaw Pittman $135,000 $145,000
9. Latham & Watkins $135,000 $145,000
10. Finnegan, Henderson $135,000 $160,000
11. Williams & Connolly $150,000 $150,000
12. Howrey $135,000 $145,000
13. Akin Gump Strauss Hauer & Feld $135,000 $145,000
14. Sidley Austin $135,000 $145,000
15. McDermott Will & Emery $135,000 $145,000
16. Morgan, Lewis & Bockius $135,000 $145,000
17. Crowell & Moring $135,000 $145,000
18. Patton Boggs $125,000 $145,000
19. Wiley Rein $135,000 $145,000
20. Venable $135,000 $135,000

Keeping Score is Legal Times ‘ weekly column devoted to the legal business scene. Got a tip? Contact Business Editor Anna Palmer at [email protected].

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