First-year associates at larger midsized firms—head counts between 251 and 500—saw a 6.7% increase in their salaries, while associates at 700-plus attorney firms saw hikes of 16.1%, according to a study by the National Association for Law Placement (NALP).
While the raises signal that larger firms, even some that would be considered midsized, couldn’t resist the urge to try to match the round of associate pay raises put in motion by Milbank in 2018, plenty of firms did not.
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