First-year associate compensation at large firms nationwide, which climbed to a pinnacle last year, are about to take slide, according to NALP's annual salary survey. The national law-placement organization reported on July 30 that the overall median salary for first-years this fall will be $122,500, down $7,500 from the $130,000 now being paid. "This year's report reflects what is likely to be the apogee of large firm salaries for the foreseeable future," NALP said in announcing the survey results.
First-Year Salaries Expected to Drop, Though N.J. Firms Buck Trend
New Jersey Law Journal
August 5, 2009