There are really just two kinds of law firms these days: Those that pay their associates at "market," and those that don't get anywhere near it. Duval & Stachenfeld is doing both. The 50-lawyer firm starts first-year associates at $60,000 -- or $100,000 below the starting salary at many Am Law 100 firms. Mid-year and senior associates, however, are promised the same total pay -- or more -- that they'd earn at Latham & Watkins or Skadden Arps. Recruiters call it a novel approach.
In Salary Twist, Firm Pays More -- and Less
September 25, 2007