Gibson Dunn raises salaries to new highs; other firms to follow.IN another sign that L.A.'s largest law firms This list of the world's largest law firms by revenue is taken from The Lawyer and The American Lawyer and is ordered by 2006 revenue:[1]
prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. a source within the firm. First-year associate pay is carefully watched because it helps firms in recruiting and marketing. Senior associates, whose pay levels are monitored less closely, would receive only $5,000 increases. Gibson's decision follows earlier announcements by Irell & Manella LLP and Quinn Emanuel Urquhart Oliver & Hedges LLP to raise their first-year associate salaries to the same levels. However, Gibson's pay hikes are the first to occur among the city's largest law firms. "All associate salaries have been flat for a long time, so it's overdue OVERDUE. A bill, note, bond or other contract, for the payment of money at a particular day, when not paid upon the day, is overdue. 2. The indorsement of a note or bill overdue, is equivalent to drawing a new bill payable at sight. 2 Conn. 419; 18 Pick. ," said Peter Zeughauser, a legal consultant at the Zeughauser Group. "Once a firm like Gibson Dunn jumps into the fray fray 1 n. 1. A scuffle; a brawl. See Synonyms at brawl. 2. A heated dispute or contest. tr.v. frayed, fray·ing, frays Archaic 1. To alarm; frighten. 2. , with Irell already there and Quinn Emanuel, everybody has to do it." He said he wouldn't be surprised if other major firms, such as Latham & Watkins LLP and O'Melveny & Myers LLP, would follow suit within weeks of Gibson's announcement. Gibson's managing partner and chairman, Ken Doran, did not return calls. Staff reporter Amanda Bronstad can be reached at (323) 549-5225, ext. 225, or at abronstad@labusinessjournal.com. |
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