Orrick announces pay rise
Orrick, Herrington & Sutcliffe has announced a pay rise for all associates except for first-years.
Under the new pay scheme, which will come into effect in January, entry-level associates will continue to make $160,000 in top markets, while second-year associates will see a pay rise of $10,000 to $170,000, and third-years will gain $15,000, bringing their annual pay to $185,000. Managing associates will earn between $210,000 and $250,000, while senior associates will make up to $265,000 in base salary.
Orrick spokesman David Schaefer says that while salaries will resemble a lockstep during associates' first three years, the new system retains flexibility to decide more senior associate pay.
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