Saturday, May 05, 2007

More Salary Fun - Quotes From OMM

So I participated in Armen's Blogathon from months back, and got access to the blog but have never gotten around to posting. Well I figure now would be a good time to post, while I'm still an actual enrolled Boalt student (with a paper to finish and an exam to study for...let's hear it for 3L procrastination).

Anyway, I don't have much deep to say, but I just figured, amidst all of the salary talk, I'd offer these recent quotes attributed to O'Melveny & Myers:

"Over the past 24 hours, we've detected a movement in the associate and counsel compensation marketplace."
- From OMM firmwide voice mail, reported on Above the Law, May 4, 2007 (emphasis added).

"Brian Brooks, O'Melveny's talent development partner, says his firm monitors starting salaries on a daily basis. "
- May 5, 2007, SF Chronicle article on the new West Coast salary hikes

I love the whole "detected a movement" phrasing, as if they had some seismograph-like device detecting compensation tremors. And I'm imagining that during their "daily monitoring" Orrick's salary hike triggered a big red flashing light on Mr. Brooks' wall along with a wailing siren.

Well apparently the OMM salary detection device/Bat Phone/Blackberry worked. Even amidst the distractions of a ridiculousiy amazing Warriors victory on Thursday night (I'm still pinching myself), they managed to move pretty quick, so cheers to them.

PS - As commenters in the previous post have noted, MoFo has matched. Though there's dispute about whether it's a true raise as apparently they've changed their bonus structure. More on ATL.


Blogger Armen said...

As a California firm, I really think they should roll (pun intended) with the earthquake metaphor. Maybe have the hiring partner go out to CalTech to give an interview as though he were a seismologist. The possibilities are endless.

5/06/2007 10:38 PM  

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