Nationwide Pay Raise Watch: Denver
We realize our coverage of law firm salary news focuses very heavily on certain major legal markets, primarily on the East and West Coasts: New York, Washington, Chicago, Los Angeles, San Francisco / Silicon Valley.
So we're going to mix it up a little. Each day, for the next two weeks or so, we will create an open thread devoted to compensation coverage in a legal market outside the "usual suspects."
Today's target: Denver, Colorado. Here's an article from earlier this month, which appeared in the Denver Post:
At least four national law firms with offices in Denver have raised their entry-level attorney pay to $160,000, forcing some local firms to reconsider what they're offering this year's new recruits. Pay for first-year associates, fresh out of law school or clerkships, jumped to $160,000 at some New York firms earlier this year and in California over the past few weeks....Four national firms with Denver offices - Cooley Godward Kronish, Gibson Dunn & Crutcher, Morrison & Foer ster and Hogan & Hartson - confirmed they're raising first-year pay to that level at their U.S. offices.
The largest Denver-based firms are paying $105,000 to $110,000, and some out-of-state firms with offices here pay in the $120,000 range.
Denver lawyers quoted in the Post article talk about the advantages of working for local rather than national firms. The plusses include lower billable hours, more client contact, greater community involvement, and the opportunity to develop their own practices more quickly.
But are these advantages worth a cool $50K a year? The article suggests that local and regional firms in Denver, even if they can't raise all the way to $160K, will increase associate salaries a little bit, to make the pay gap less enormous.
If you have information or insights about legal salaries in the Mile High City, please discuss away in the comments. Enjoy!
(Non-Denver or national salary discussion should continue in last night's post about Covington & Burling. Thanks.)
Law firms woo grads with high pay [Denver Post]













Comments
When is Portsmouth Day?
Posted by: Eddie P. | May 31, 2007 12:20 PM
Lat - Do Hartford next. Good mix of national and regional firms and big disparities in pay. Substantial Fortune 100 client base. Lots of people with NYC/Boston ties. There appear to be plenty of others here who have commented on the Insurance City. The CT law tribune has plenty of recent articles about salaries to get you started.
Posted by: Thomas Hooker | May 31, 2007 12:27 PM
$160K working in Denver or $160K working in NY? Hmmm...
Posted by: anon | May 31, 2007 12:27 PM
Lat - put the heat on Philly (Morgan, Dechert).
Posted by: Anonymous | May 31, 2007 12:29 PM
And some of the best skiing in the world is just a little more than an hour away!
Posted by: Skier | May 31, 2007 12:34 PM
Is there anyone on here that works for Gibson/Mofo/A&P, etc. in Denver? I'm guessing those attorneys don't work anywhere near the hours they'd work in those firms' CA/DC offices -- so the "lower billable" thing would really apply across the board. Combine that with seriously low COL, and a move from MoFo SF to MoFo Denver amounts to about a 100% raise to work less hours. I am now near certain that I'll be leaving SF within 2 years....
Posted by: Anonymous | May 31, 2007 12:35 PM
Philly to $160k!!!
Posted by: Anon Associate | May 31, 2007 12:39 PM
Finally... Everyone's been on pins and needles waiting to hear from Denver. Add today to Tuesday's snoozfest - ATL has jumped the shark. Time to go back to the mailroom at CAA Lat. I'm ashamed to be still reading. Sort of like a soap opera that gets reall crappy in the last season - you have to watch it to the bitter end.
Posted by: Anonymous | May 31, 2007 12:39 PM
Who cares about Denver? Where's the Portsmouth dirt?
Posted by: Ralbylove | May 31, 2007 12:44 PM
12:39: So stop reading then, instead of bitching uselessly in the comments.
(Tip: If you want to insult Lat, you should send him an email, since he said he no longer reads all the comments.)
Posted by: Anonymous | May 31, 2007 12:55 PM
I am a 3L and I have decided to move to a national firm office in a smaller market on account of the the lower COL and higher QOL. However, I've heard a great deal about "compression" - smaller annual raises for associates at national firm offices in smaller cities. I don't want to ask co-workers about salaries, so do any of the 3-5 year associates in smaller markets have any thoughts on compression?
Posted by: Anon. | May 31, 2007 01:01 PM
The best skiing is in Utah. How about some SLC coverage?
Posted by: checkcpoint charlie | May 31, 2007 01:02 PM
Townsend in Denver is reportedly going to $160K along with the rest of the firm. Come on baby send out the memo already.
Posted by: Anonymous | May 31, 2007 01:06 PM
1:01, local offices of national firms that have matched the $160k scale pay the same scale, years 1-7 (or wherever they stop and go to "individual basis") -- there is no more "compression" there than in those firms NY/CA/DC/wherever offices. E.g., a Gibson 5th year gets paid exactly the same base salary in Denver as in LA. I think this compression thing is an issue (if at all, I really don't know) only at local (non-national) firms in smaller markets.
Posted by: Anonymous | May 31, 2007 01:06 PM
1:02 no, the traffic is better in utah, the skiing is better in colo.
anyone have any news on clerkship bonuses in smaller (denver, mpls) markets?
Posted by: Anonymous | May 31, 2007 01:12 PM
the compression in a lot of these places takes the form of lower bonuses to midlevels in regional offices with inflated base salaries - eg, Denver
Posted by: Anonymous | May 31, 2007 01:12 PM
Checkpoint Charlie
While you are right that the best skiing is in Utah the best lawyering is not. SLC also has a high lawyer concentration so there is little need to expand salaries in SLC because there are plenty of good candidates that are willing to work. Just look at Wilson, they raised to $160K except in SLC.
Posted by: Anonymous | May 31, 2007 01:13 PM
Lat please expose the ridiculous Atlanta compression in your next focus market.
130k base topping at 185k 8th year puts this market way down the list.
Posted by: JimmyCrickets | May 31, 2007 01:17 PM
1:12, it's not compression if it affects years 1-7 equally. if fifth-years in regional offices aren't getting NY-level bonuses, i seriously doubt first-years are getting the same bonuses their NYC counterparts are either. regional office attorneys just get lower total compensation (though MUCH higher when COL-adjusted) across the board--the gaps between, e.g., 3rd and 4th year compensation is no smaller than it is in larger cities.
Posted by: Anonymous | May 31, 2007 01:18 PM
Anon 1:01: I recently moved back to Ohio from a larger market. Compression is a HUGE issue - much more so than first year salaries. Most firms here bump your salary 2-4K a year AT MOST, and I know for a fact that includes at least one large national firm with Ohio offices. It includes other national firms as well, but I only know it for a fact for one such firm.
Not sure where you are moving, but you have to figure this out. For example, say a firm in a smaller market starts at 125. Maybe when you figure in cost of living and less hours, that's not so bad compared to 160 in New York, D.C., LA, etc. However, after five years, an associate in New York is going to be making 230; meanwhile in the smaller market the associate is maybe making 140 - if they are lucky. And that completely ignores bonuses - which are, uh, bigger in larger markets (to put it mildly). In the end, you are certainly giving up well in excess of 100K a year to live in a smaller market. Obviously, the cost of living difference is not even close to that (unless, as one poster on Greedy Ohio attempted to do, you calculate cost of living only by how much it costs to purchase a square foot of residence).
Of course, I knew all this going in, but moved back anyway. I think in most smaller markets enough people are tied to it for various reasons (mostly family), so there is really no need for firms to compete. But if you have a chance to go to a bigger market, it's tough for me to see how you can financially justify starting your career in the smaller market. (I am sure there are markets where there are exceptions and firms pay the national scale, so hopefully you are going to one of those.)
Posted by: craigkrenzelisgod | May 31, 2007 01:26 PM
did Jenner and Block raise?
Posted by: chicago | May 31, 2007 01:26 PM
12:55 (Lat)- Thanks for the "tip" on insulting you more directly.
Posted by: Anonymous | May 31, 2007 01:29 PM
Yes, no more inferior cities. We must hear about NY and DC nonstop, regardless of whether there is any actual news about salaries from there. A blank space on the blog would be clearly better than a post on Denver salaries, because then self-important NY types would not be physically forced to endure the sight of an inferior city's mention. Let me assure you superior city types that the rest of us are fucking FASCINATED with your quest to make slightly more money, even though it in no way affects us.
Posted by: Anonymous | May 31, 2007 01:31 PM
1:26, in case you weren't aware, 140 in Ohio is WAY MORE col-adjusted money than 230 in NYC.
230k in NYC dollars is about 80k in Ohio dollars. You can be sad about other aspects of living in Ohio instead of NYC (there are plenty, for sure), but you can't complain about spending power and "compression".
Posted by: Anonymous | May 31, 2007 01:35 PM
So what will Brownstein Hyatt raise to when they get around to doing so?
Posted by: Anonymous | May 31, 2007 01:39 PM
Come on, if even Morgan Lewis raised:
Continuing CA List of Shame
1) Thelen Reid*
2) Reed Smith
3) Bingham
4) Perkins Coie
5) Bryan Cave
6) Townsend*
7) A bunch of Chicago firms except for Kirkland & Ellis, Sidley, McDermott, Mayer Brown, DLA Piper, Katten, and Winston & Strawn
* denotes CA-based firm
On previous threads, some people wanted to name names for the Chicago firms instead of saying a "bunch." Please update if you're one of those people.
Posted by: Anon | May 31, 2007 01:59 PM
1:13. Sadly, I think you're right about SLC. The interesting thing though is that certain Denver firms (Holland & Hart, HRO) pay the same in SLC and Denver, so if they raise in Denver they'll have to raise in SLC or risk really pissing off their SLC people. Those are places where the culture really matters and dissent in the ranks is taken more seriously, so that will be a tricky issue for those firms. Also, the skiing is way better in SLC -- mostly because you can live ten minutes from the office and still be in Snowbird, Alta, Brighton, Solitude, or anywhere in Park City in about 25 minutes. I have friends who practice there and it's not uncommon for them to hit the slopes for a couple hours in the morning and still be in the office before noon.
Posted by: anonymous | May 31, 2007 01:59 PM
This site services a specialized niche of the legal community. Lat believes that that niche includes poor cousins such as Denver, Hartford, and the like. In all likelihood, however, very few of his readers are from those markets, and he's probably making a mistake by diluting the content of his site. The market will work this all out. Hope you have an idea for another site when this one crashes and burns, Lat.
Posted by: Anonymous | May 31, 2007 02:01 PM
Actually 230K is more like 121K in Cleveland http://www.bestplaces.net/col/?salary=230000&city1=5600&city2=1680
Posted by: Anonymous | May 31, 2007 02:01 PM
1:13. Sadly, I think you're right about SLC. The interesting thing though is that certain Denver firms (Holland & Hart, HRO) pay the same in SLC and Denver, so if they raise in Denver they'll have to raise in SLC or risk really pissing off their SLC people. Those are places where the culture really matters and dissent in the ranks is taken more seriously, so that will be a tricky issue for those firms. Also, the skiing is way better in SLC -- mostly because you can live ten minutes from the office and still be in Snowbird, Alta, Brighton, Solitude, or anywhere in Park City in about 25 minutes. I have friends who practice there and it's not uncommon for them to hit the slopes for a couple hours in the morning and still be in the office before noon.
Posted by: anonymous | May 31, 2007 02:05 PM
Do Boston next!
Posted by: Mid-size firms, mid-size market | May 31, 2007 02:05 PM
When you do Hartford you should do all of CT - Hartford, New Haven and Stamford
Posted by: anon | May 31, 2007 02:14 PM
Do Boston next!
Posted by: Mid-size firms, mid-size market | May 31, 2007 02:15 PM
PITTSBURGH NEEDS A LIST OF SHAME!!!!!
PITTSBURGH TO $145K!!!!
Posted by: PITTSBURGH | May 31, 2007 02:21 PM
PITTSBURGH NEEDS A LIST OF SHAME!!!!!
PITTSBURGH TO $145K!!!!
Posted by: PITTSBURGH | May 31, 2007 02:22 PM
1:59--I provided a list of large (and large-ish) Chicago firms that have CA offices and haven't raised: Schiff, Seyfarth, Baker and Sonnenschein. I skipped Lord Bissell, because it's not a Chicago firm anymore (Locke Liddell acquistion). I did enquire if there were any I missed, but I don't think there are.
Posted by: 1:59 needs reading lessons | May 31, 2007 02:22 PM
what is going on with sonnenschein? did they raise in chicago?
Posted by: anon | May 31, 2007 02:25 PM
Come on, if even Morgan Lewis raised:
Continuing CA List of Shame
1) Thelen Reid*
2) Reed Smith
3) Bingham
4) Perkins Coie
5) Bryan Cave
6) Townsend*
7) Baker & McKenzie
8) Schiff
9) Seyfarth Shaw
10) Sonnenschein
11) Foley
12) Greenberg Traurig
13) Holland & Knight
* denotes CA-based firm
[pulled from the Chicago list with firms (although not all are Chicago firms, like the last 3) I knew had CA offices and what 2:22 said above]
Posted by: Anonny Nonny | May 31, 2007 02:32 PM
What about DLA's Chicago office, has it raised?
Posted by: Anonymous | May 31, 2007 02:34 PM
1:29-Get a life.
Posted by: Anonymous | May 31, 2007 02:38 PM
2:01: "Diluting the content" of his site? With one post a day about a non-NY-DC-LA market? Please.
Presumably you're a lawyer. Presumably you're good at skimming. If you read the headline of a post and it doesn't interest you -- whether it's about Denver salaries, Linday Lohan, or Justice Alito's law clerks -- just skip it.
Posted by: Anonymous | May 31, 2007 02:39 PM
2:14 -- is it common to treat Stamford like NY (e.g. Paul Hastings)? And the other two are a separate category sort of?
Posted by: Anonymous | May 31, 2007 02:43 PM
I agree with that yinzer up there - Do Pittsburgh next. Although I'm pretty sure they only pay bonuses in Primanti Bros. sandwiches and pierogies, the Pittsburgh architecture is fantastic. Also, do more on DC and CA.
Posted by: Anonymous | May 31, 2007 02:45 PM
shittsburgh sucks
Posted by: Anonymous | May 31, 2007 02:50 PM
One for the OTHER thumb in 2008!
Posted by: Anonymous | May 31, 2007 02:54 PM
2:01 ... really? Given the number of posts whining about which city Lat does next, you could've fooled me; seems lots of poor cousins found the internets on their computers.
But seriously, do Hartford next. Believe it or not, some folks chose Hartford over NY b/c of COL and proximity, which is something most of the other regional markets don't have. In other words, I can live cheaply and come visit my overworked NYC friends any w/e I like!
Problem, of course, is that was a rational choice before NYC went to $160k. Given the number of laterals from NY and summers at CT schools deciding between NYC, Boston and Hartford, the Hartford market's going to have to move in order to compete, and Lat can help them along!
Posted by: Anon | May 31, 2007 02:58 PM
2:43: It's my impression that Stamford offices pay more on par with NYC than Hartford/New Haven do.
As for only focusing on large cities, please don't. I work in NYC and tire of the myopia. I'm always curious to hear how much people in other parts of the country get paid.
Posted by: Anonymous | May 31, 2007 02:59 PM
the only way any group of associates can put pressure on partners is with a credible threat that: 1) current associates will go somewhere else; 2) new associates will be impossible to attract. Hence, all the Chicago and DC firms, even the late movers (e.g., Jenner) will ultimately raise. NYC firms aren't going anywhere unless NYC folks are seriously going to start moving to some other market. You folks in the small markets generally aren't willing to work anywhere else, regardless of the salary delta, so there's not a lot of pressure on, say, Pittsburgh or Cincinnati.
Posted by: anon | May 31, 2007 03:00 PM
Look, we all stand to benefit from the market's pay raises. All cities should be watching and following, if not matching, the market's leaders in these salary wars. Firms should raise in all cities accordingly. We've all earned JDs, worked hard and are way underpaid for the amount of stress and lack of quality of life we all have.
Posted by: compromise | May 31, 2007 03:02 PM
do Philly next... Philly to $160k!!!
Posted by: Anon | May 31, 2007 03:02 PM
Lat - Please make Atlanta your next addition of mid-market salary mania. Top firms have PPP at $800+, yet starting salaries are still $130k, annaual raises are painfully low due to compression, and bonuses are skimpy at best.
Posted by: Anonymous | May 31, 2007 03:03 PM
Hartford to $110
Posted by: Anon | May 31, 2007 03:06 PM
Ohh please please please please do Cleveland next. If the whole world moved to their favorite vacation spots, then the whole world would live in Hawaii, Italy, and Cleveland.
Posted by: Anonymous | May 31, 2007 03:16 PM
My firm just went to $160K and I am loving it. It's seriously the best thing that ever happened to me. Before I was a loser, now, let me tell you, I am a real man. I mean I am so much happier than I was when I made $145K. Chicks finally dig me. I even run faster now. Trust me, all you non-$160K losers out there, keep the dream alive, and maybe, just maybe, you too can be as happy as us loaded, happy and cool $160K a year attorneys!
Posted by: Anonymous | May 31, 2007 03:20 PM
Hey, yo. GeeneParmesan's back.
Posted by: GeeneParmesan | May 31, 2007 03:24 PM
SEATTLE needs a Hall of Shame. The COL is higher in Seattle than in Denver and the pay is much lower. Put the pressure on SEATTLE!
Posted by: Anonymous | May 31, 2007 03:37 PM
SEATTLE needs a Hall of Shame. The COL is higher in Seattle than in Denver and the pay is much lower. Put the pressure on SEATTLE!
Posted by: Anonymous | May 31, 2007 03:41 PM
In response to Anonymous 12:35, working conditions at MoFo and Hogan are about the same as they would be in any other office. The associates bill around the same hours as they would in other offices. Hogan was notorious for having some of the worst working conditions in Denver, prompting several associates to walk off the job at one point (in 2004, I believe). But, I'll admit it, the 160k in Denver makes a huge difference compared to other cities. I can see Partners at the local firms applying to be senior associates at the Nationals now...
Posted by: Anonymous | May 31, 2007 03:41 PM
Does anyone know about what the Denver office of litigation shop Bartlit Beck is like?
It seems like a top-notch firm (lots of former federal clerks, including Supreme Court clerks). What do they pay?
Posted by: Curious about Barlit Beck | May 31, 2007 04:39 PM
Cleveland, Pittsburgh . . . throw in Buffalo for the trifecta of downtrodden rustbelt shitholes.
Posted by: Anonymous | May 31, 2007 04:58 PM
Please look at Atlanta. K&S and A&B have mid-sized offices in NYC and DC and also influence the secondary markets of Charlotte and the research triangle.
Atlanta is home to the thrid most Fortune 500 headquartes in the US (behind NYC and Houston). THere should be plenty of money to go around!
Posted by: Anonymous | May 31, 2007 05:06 PM
4:58? Would that include Milwaukee, or "the good land"?
Posted by: Anonymous | May 31, 2007 05:08 PM
"Atlanta is home to the third most Fortune 500 headquartes in the US (behind NYC and Houston)."
Is that like being "England's loudest band"?
Posted by: Velvet Jones | May 31, 2007 05:36 PM
5:36: That was very, very funny.
Posted by: Anonymous | May 31, 2007 05:41 PM
Lat, please feature Philly soon. We need your help!
Posted by: anon | May 31, 2007 05:52 PM
I heard Faegre and Brownstein are both increasing salaries $10-$15. The question is will Holland & Hart, or HRO match?
Posted by: Anonymous | May 31, 2007 06:24 PM
4:39 --- if you aren't sufficiently aware of the differences between Bartlit Beck and typical shops, they aren't going to hire you anyway.
Posted by: anonymous | May 31, 2007 06:27 PM
McKenna Long & Aldridge also raised the Denver office base salaries to $130k. Looks like the regionals are being left behind.
Posted by: mile high | May 31, 2007 06:40 PM
Word on the street is that A&P raised Denver salaries to $160k. With Denver COL you could take a limo from Denver to the slopes.
Posted by: Portly | May 31, 2007 06:44 PM
6:40 --- Any CU or DU grad will gladly work for any biglaw shop in town, regardless of whether the firm pays $100 or $160. It's the East coast Ivy League types that will go to Hogan and Hartson over Holland and Hart without batting an eye. The East coasters will burn out in 3 years at Hogan and then move over to Holland and Hart or HRO. After 3 years, the regionals might up the salaries to make up the difference so that the move isn't so painfull
Posted by: Anon | May 31, 2007 06:49 PM
Thanks for the nod ATL. The talk of payraises are the buzz here in the mile high city. Stay tuned...
Posted by: Wild West Law | May 31, 2007 06:52 PM
Can Cleveland has pay raisz discussion?
Posted by: Anonymous | May 31, 2007 07:59 PM
It seems there is still some question of whether or not Morgan Lewis has raised. Here is the memo (click on name) that was blasted out to the CA offices.
As you can see, other than 1st years, there is no raise. At least not yet.
Posted by: Read the Morgan Lewis CA Memo | May 31, 2007 10:42 PM
Philly! Philly! Philly! Philly!
And when you do it, please make sure to point out our mid-level comp which sucks. We get about a 5k raise per year (though some years we do get 10k but not most). After 7 years we're just clearing 200k.
Posted by: Anonymous | May 31, 2007 11:55 PM
The poster by the name of “Ralbylove” is in no way associated with the individual named Ian M. Ralby, but is instead an alias created without the consent of Mr. Ralby.
Posted by: Anonymous | June 25, 2007 09:01 PM
HRO & Holland & Hart to $120,000
Posted by: 5280 | September 13, 2007 12:33 PM