Associate Salaries Going Up!

At least in Los Angeles & possibly San Francisco, reports The Recorder:

"O’Melveny & Myers and Paul, Hastings, Janofsky & Walker are lifting associate salaries to match Gibson, Dunn & Crutcher, raising first-year base pay to $135,000.

"’We’re committed to paying top-tier compensation in all of our markets,’" said Greg Nitzkowski, Paul Hastings’ managing partner. "It’s clear that the market is moving up.’"


"Legal consultants predicted that Gibson Dunn’s move in December would force other firms to follow suit. In September, smaller Los Angeles firms Irell & Manella, Quinn Emanuel Urquhart Oliver & Hedges, and Munger, Tolles & Olson lifted salaries in a market that had been largely frozen since the dot-com days."

Hmm, could an increase in paralegal salaries be coming too?