Simpson Thacher & Bartlett LLP announced salary raises on January 22nd, with the new 1st year base salary at $160,000. Summer associates will receive a prorated version of the new salary. The following firms had also announced raises when the Record went to press Wednesday. “U.S. associates” generally means all U.S-based associates, even those working in international offices. Comprehensive information on New York salaries beyond the first year is available at http://www.lawfirmdiscussion.com/compensation/newyork07salary.php.
Raising Base Salary to $160,000Akin Gump (NY)Allen & Overy (NY)Cadwalader Wickersham & Taft (NY and DC)Cleary Gottlieb Steen & Hamilton (all U.S. associates)Clifford Chance (all US associates)Covington & Burling (NY)Cravath Swaine & Moore (NY)Davis Polk & Wardwell (cities not clear)Debevoise & Plimpton (all US associates)Dewey Ballantine (all US/UK associates)Fish & Richardson (all US associates)Fried Frank (NY and DC)Greenberg Traurig (NY)Goodwin Procter (NY)Hogan & Hartson (NY)Jenner & Block (NY)Kaye Scholer (NY)King & Spalding (NY)Kramer Levin (NY)LeBoeuf Lamb (NY and DC)Mayer Brown Rowe & Maw (NY)McKee Nelson (NY and DC)Milbank Tweed Hadley & McCoy (all offices except Germany)Morrison & Foerster (NY)O’Melveny & Myers (NY)Paul Weiss Rifkind Wharton & GarrisonProskauer Rose (NY, LA, Boston)Quinn Emanuel Urquhart Oliver & Hedges (all offices)Schulte Roth & Zabel (NY)Shearman & Sterling (all U.S. associates.)Sheppard Mullin (NY)Sidley Austin (NY)Skadden Arps Slate Meagher & Flom (NY and DC)Stroock & Stroock & Lavan (NY and LA)Sullivan & Cromwell (all offices)Thacher Proffitt & Wood (NY and DC)Troutman Sanders (NY)Weil Gotshal & Manges (U.S. associates)White & Case (NY)Willkie Farr & Gallagher (NY and DC)
Raising Base Salary to $145,000Akin Gump (DC)Covington & Burling (SF and DC)Hogan & Hartson (DC, Baltimore, N. VA)Jenner & Block (DC and Chicago)Mayer Brown Rowe & Maw (DC and Chicago)Morrison & Foerster (All US non-NY offices)O’Melveny & Myers (LA and DC)Sheppard Mullin (All non-NY offices)Sidley Austin (All non-NY offices)