First-year associate salaries of $160,000 may seem like a jaw-dropping amount to pay for fledgling attorneys, but compared with profits per partner, starting pay at the nation's top law firms proportionately has been at its lowest point in a decade. Richard Rosenbaum, managing partner of Greenberg Traurig's New York office, says that firms need to raise salaries in order to competitively recruit associate talent, but there is a limit, regardless of how they compare to profits per partner.
Starting Pay at Top Firms Falls Farther Behind Partners'
The National Law Journal
February 8, 2007
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