While some law firms blame market demands for the latest associate salary increases, others cite pressure from clients, who expect firms to recruit graduates from the top of their class. But in trying to lure, and retain, fresh talent, firms have created resentment among corporate clients who want to stop their dollars from flying out the window. "At some point, we'll say we don't want any associates on our matters," said Steve Hantler, DaimlerChrysler's assistant GC for government and regulatory matters.
August 13, 2007 at 12:00 AM
1 minute read
The original version of this story was published on Law.com
Law firms are blaming market demands for the latest round of associate salary raises, but they may have discounted an important factor in their decisions to boost pay — the client.
This summer’s associate salary increases to $160,000 are a result of economic forces, say law firm leaders, that have required them to fall in line with competitors’ pay in order to recruit top graduates from top schools.
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