First-Year Pay Increases at Kilpatrick Stockton

09/18/07

<<Several other firms, including Alston & Bird and King & Spalding, also raised their prices from $130,000 to the current $145,000.

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According to an article on law.com, "[Kilpatrick] also raised pay to $145,000 for North Carolina first-years and to $160,000 for Washington and New York first-years."

Kilpatrick will also increase the pay for senior associates; however, according to the same article, Diane L. Prucino, the firm's co-managing partner, said that those numbers have not been decided. "'We're raising them all the way up the scale...but it has not been finalized yet.'"

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But first-year and senior associate pay aren't the only things getting a raise. Billable hours are also "moderately increasing."

"The minimum billable hours target for the firm's least-experienced attorneys, called level one, will increase from 1,800 hours to 1,900 hours and for more senior associates will rise from 1,900 hours to 1,950 hours. The new billable targets take effect Oct. 1, the beginning of the firm's associate evaluation year," said the article.