King & Spalding matched Alston & Bird's $15,000 increase in associate starting pay Wednesday, but made no mention of pay increases for senior associate classes. The raise brings first-year partner-track associates to $145,000, effective Jan. 1. Recruiters predict King & Spalding will go on to establish a pay scale with less compression or a more merit-based system, where pay for more senior associates is tied to performance. Another option, said one: Pay bigger bonuses to midlevel and senior associates.
August 08, 2007 at 12:00 AM
1 minute read
The original version of this story was published on Law.com
King & Spalding matched Alston & Bird’s $15,000 increase in associate starting pay late Wednesday — but made no mention of pay increases for senior classes of associates.
The firm is raising pay for first-year, partner-track associates to $145,000, effective Jan. 1, 2008, making it the first firm to respond — albeit only partially — to Alston’s gambit last week.
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