Lowenstein Sandler broke from the pack of New Jersey's home-grown firms Thursday and announced it would pay first-year associates $140,000 next year, a $15,000 increase. The hike will catapult the 250-lawyer firm beyond Flaster Greenberg, whose $130,000 first-year pay is highest among local New Jersey firms. Lowenstein Sandler's announcement could exert pressure for pay raises at the other New Jersey firms that are pegged at the $125,000 level: Sills Cummis Epstein & Gross, Gibbons and McCarter & English.
Lowenstein Hikes First-Year Pay to $140,000 in 2008
New Jersey Law Journal
June 15, 2007