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Sidley Austin To Raise Associate Base Pay to $375,000 in 2022
Posted: Mon Dec 13, 2021 3:36 pm
by Anonymous User
Re: Sidley Austin To Raise Associate Base Pay to $375,000 in 2022
Posted: Mon Dec 13, 2021 3:42 pm
by clone22
Well, someone clearly wants to be ranked #1 in Vault surveys.
Re: Sidley Austin To Raise Associate Base Pay to $375,000 in 2022
Posted: Mon Dec 13, 2021 3:44 pm
by Anonymous User
Incredibly ATL reported on Sidley matching DPW bonuses, but completely ignored the substantial salary increase (particularly for mid-levels) mentioned in the same memo. Have they ever been more irrelevant?
https://abovethelaw.com/2021/12/sidley-bonuses-21/
Re: Sidley Austin To Raise Associate Base Pay to $375,000 in 2022
Posted: Mon Dec 13, 2021 3:46 pm
by almostperfectt
That memo just says that you get a pay raise on Jan 1 just like every other firm. The base salaries are the same
Re: Sidley Austin To Raise Associate Base Pay to $375,000 in 2022
Posted: Mon Dec 13, 2021 3:48 pm
by otisreadingcomp
almostperfectt wrote: ↑Mon Dec 13, 2021 3:46 pm
That memo just says that you get a pay raise on Jan 1 just like every other firm. The base salaries are the same
That appears to be right. The only increase I see is that 8th years are being paid $375k instead of $365k (I'm comparing based on the BiglawInvestor salary scale).
Re: Sidley Austin To Raise Associate Base Pay to $375,000 in 2022
Posted: Mon Dec 13, 2021 3:48 pm
by Anon-non-anon
almostperfectt wrote: ↑Mon Dec 13, 2021 3:46 pm
That memo just says that you get a pay raise on Jan 1 just like every other firm. The base salaries are the same
yeah it seems like they're just saying your salary goes to the next class year up? Like of course it does. very strange way of wording it.
Re: Sidley Austin To Raise Associate Base Pay to $375,000 in 2022
Posted: Mon Dec 13, 2021 3:49 pm
by almostperfectt
otisreadingcomp wrote: ↑Mon Dec 13, 2021 3:48 pm
almostperfectt wrote: ↑Mon Dec 13, 2021 3:46 pm
That memo just says that you get a pay raise on Jan 1 just like every other firm. The base salaries are the same
That appears to be right. The only increase I see is that 8th years are being paid $375k instead of $365k (I'm comparing based on the BiglawInvestor salary scale).
If I'm counting to 9 correctly, those are 9th years
Re: Sidley Austin To Raise Associate Base Pay to $375,000 in 2022
Posted: Mon Dec 13, 2021 3:49 pm
by Anonymous User
What does this mean for c/o 2021? Presumably staying at $205K?
Re: Sidley Austin To Raise Associate Base Pay to $375,000 in 2022
Posted: Mon Dec 13, 2021 3:52 pm
by ligma
Does this not mean c/o 2022 grads will be getting $215k base? That's how I interpreted it.
Re: Sidley Austin To Raise Associate Base Pay to $375,000 in 2022
Posted: Mon Dec 13, 2021 3:53 pm
by Anonymous User
Anon-non-anon wrote: ↑Mon Dec 13, 2021 3:48 pm
almostperfectt wrote: ↑Mon Dec 13, 2021 3:46 pm
That memo just says that you get a pay raise on Jan 1 just like every other firm. The base salaries are the same
yeah it seems like they're just saying your salary goes to the next class year up? Like of course it does. very strange way of wording it.
LOL if true, as this was just pushed out by BloombergLaw as "breaking news" about "soaring" associate salaries.
Re: Sidley Austin To Raise Associate Base Pay to $375,000 in 2022
Posted: Mon Dec 13, 2021 3:53 pm
by otisreadingcomp
almostperfectt wrote: ↑Mon Dec 13, 2021 3:49 pm
otisreadingcomp wrote: ↑Mon Dec 13, 2021 3:48 pm
almostperfectt wrote: ↑Mon Dec 13, 2021 3:46 pm
That memo just says that you get a pay raise on Jan 1 just like every other firm. The base salaries are the same
That appears to be right. The only increase I see is that 8th years are being paid $375k instead of $365k (I'm comparing based on the BiglawInvestor salary scale).
If I'm counting to 9 correctly, those are 9th years
You're right. I can't do math.
Re: Sidley Austin To Raise Associate Base Pay to $375,000 in 2022
Posted: Mon Dec 13, 2021 3:54 pm
by ElCuervo
Wow. Bloomberg failed and now Sidley is going to have to clarify after everyone got excited. Kind of hilarious.
Re: Sidley Austin To Raise Associate Base Pay to $375,000 in 2022
Posted: Mon Dec 13, 2021 3:54 pm
by Anonymous User
Sidley associate here, this is standard language in the firm’s end of year bonus announcements most years (maybe every year but can’t immediately recall). It’s just to clarify that everyone is going up a class year effective Jan 1, and reminding people of their new salaries. Not really sure why this is newsworthy.
Re: Sidley Austin To Raise Associate Base Pay to $375,000 in 2022
Posted: Mon Dec 13, 2021 3:57 pm
by ligma
Anonymous User wrote: ↑Mon Dec 13, 2021 3:54 pm
Sidley associate here, this is standard language in the firm’s end of year bonus announcements most years (maybe every year but can’t immediately recall). It’s just to clarify that everyone is going up a class year effective Jan 1, and reminding people of their new salaries. Not really sure why this is newsworthy.
How do they not check this with the firm before blasting out?!
Re: Sidley Austin To Raise Associate Base Pay to $375,000 in 2022
Posted: Mon Dec 13, 2021 4:02 pm
by almostperfectt
ligma wrote: ↑Mon Dec 13, 2021 3:57 pm
Anonymous User wrote: ↑Mon Dec 13, 2021 3:54 pm
Sidley associate here, this is standard language in the firm’s end of year bonus announcements most years (maybe every year but can’t immediately recall). It’s just to clarify that everyone is going up a class year effective Jan 1, and reminding people of their new salaries. Not really sure why this is newsworthy.
How do they not check this with the firm before blasting out?!
Bloomberg sends these kind of articles out every year I think. You'll note that the headline solely mentions 9th year pay.
Re: Sidley Austin To Raise Associate Base Pay to $375,000 in 2022
Posted: Mon Dec 13, 2021 4:51 pm
by Definitely Not North
maybe this Bloomberg reporter was just trying to do us a solid by sending up 99 red balloons to kick off another salary war
Re: Sidley Austin To Raise Associate Base Pay to $375,000 in 2022
Posted: Mon Dec 13, 2021 5:22 pm
by ChairmanKaga
Honestly, kind of shocking that this article came out of Bloomberg. And embarassing for them.
Re: Sidley Austin To Raise Associate Base Pay to $375,000 in 2022
Posted: Mon Dec 13, 2021 5:38 pm
by DoveBodyWash
Re: Sidley Austin To Raise Associate Base Pay to $375,000 in 2022
Posted: Mon Dec 13, 2021 5:47 pm
by malibustacy
This is the same scale.
Got excited for nothing.
Maybe the fake news will put pressure on other firms.
Re: Sidley Austin To Raise Associate Base Pay to $375,000 in 2022
Posted: Mon Dec 13, 2021 6:02 pm
by Ultramar vistas
This is hilarious.
The journalist doesn’t even have an active Twitter so can’t enjoy the shame.
Re: Sidley Austin To Raise Associate Base Pay to $375,000 in 2022
Posted: Mon Dec 13, 2021 6:08 pm
by Anonymous User
ATL just updated their post to dash our hopes and dreams:
[UPDATE: Bloomberg is also reporting that Sidley has increased salaries by “up to $35,000.” We believe this is a misreading of the memo — rather we read the memo on the next page as acknowledging that each class year is graduating to the pre-established salary for an associate that’s one-year older (though with the eldest class receiving an additional $10K for a $375K base). We will update with clarification from Sidley.
UPDATE 2: Confirmed.]
Re: Sidley Austin To Raise Associate Base Pay to $375,000 in 2022
Posted: Mon Dec 13, 2021 6:54 pm
by cfcm
Anonymous User wrote: ↑Mon Dec 13, 2021 6:08 pm
ATL just updated their post to dash our hopes and dreams:
[UPDATE: Bloomberg is also reporting that Sidley has increased salaries by “up to $35,000.” We believe this is a misreading of the memo — rather we read the memo on the next page as acknowledging that each class year is graduating to the pre-established salary for an associate that’s one-year older (though with the eldest class receiving an additional $10K for a $375K base). We will update with clarification from Sidley.
UPDATE 2: Confirmed.]
Bloomberg: SIDLEY RENEGES ON SALARY RAISES
Re: Sidley Austin To Raise Associate Base Pay to $375,000 in 2022
Posted: Wed Dec 15, 2021 9:08 am
by uygiugiyugyugk
CLASS OF '22 TO 475K!?!?