O'Melveny & Myers said Thursday it would increase its first-year associate salaries in Washington, D.C., to $145,000 -- and in turn threw down a challenge to D.C.-based firms, saying the market for talent had changed. Following that announcement, Hogan & Hartson almost immediately said it was matching the number. The latest raises come on the heels of a flurry of pay increases during the past few days in other key legal markets.
January 26, 2007 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
Following news that O’Melveny & Myers was upping its first-year associate pay to $145,000 earlier Thursday, Hogan & Hartson almost immediately announced it was matching that number.
“We’ve continued to study the matter,” says J. Warren Gorrell Jr., chairman of Hogan. He says that $145,000 is the new competitive standard in the region.
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