In late 2005 and early 2006, increases in associate salaries hit the nation by storm, starting in Los Angeles and quickly spreading. Recent raises have been more like a trickle. But now, word has leaked that Irell & Manella, the Los Angeles firm that started the first raises in 2005, has matched the New York scale of $145,000, at least for its first-year associates. And Chicago-based Kirkland & Ellis confirms that it's upped its California offices to start at $145,000. When will other firms cave?
January 22, 2007 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
In late 2005 and early 2006, associate salary raises hit the nation by storm, starting in Los Angeles and quickly spreading. But the most recent round of increases has been more like a slow trickle — and no one’s sure whether or not it will catch on in the same way.
When firms raised starting salaries in New York to $145,000 last year, experts — and associates — debated whether California-based firms would match their New York-level offers in their offices outside the Big Apple.
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