Stoel Rives will raise annual base compensation for all associates by $10,000 or more next year, the firm said in a memo provided to Law.com on Monday.

The increases mark the third time the Portland, Oregon-born firm has announced upward adjustments in associate pay this year, reflecting both a “market correction” and efforts to “remain competitive in a tight market for talent,” according to Stoel Rives managing partner Melissa Jones.