New York, NY - (December 2, 2005) The intellectual property law firm Kenyon & Kenyon today announced that it has raised associate salaries and paid increased associate bonuses for 2005. The new starting salary for associates is $135,000, and increases to $225,000 for 8th year associates. The firm also announced that associate bonuses this year averaged $40,000, with several associates exceeding $100,000. In comparison, bonuses for associates last year averaged $29,000. The associate starting salary last year was $125,000.
"The raise in associate salaries and increased bonuses paid for the year reflect the extraordinary year the firm has had and the significant role that our associates had in this success, " said Walter Hanley, Chair of the Associates Committee at Kenyon & Kenyon. "We remain in the vanguard of law firm compensation."
Kenyon & Kenyon is one of only six firms in the National Law Journal's Annual 250 survey of the nation's largest law firms with starting salaries for associates reaching or exceeding $135,000.
About Kenyon & Kenyon
With over 200 attorneys devoted to the practice of Intellectual Property law, Kenyon & Kenyon is consistently ranked by peers and in-house counsel as one of the top firms for IP. Since its founding in 1879, the firm has provided its worldwide clientele with litigation, prosecution, licensing and counseling services. Large and small enterprises and individuals choose Kenyon to design and implement intellectual property strategies when it matters most. The firm has offices in New York, Washington, DC, and the Silicon Valley.