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The Shift: Law Firms Can’t Follow The Leader Off the Cliff
This time last year, dozens of law firms had committed to salary raises for associates, after a few of the industry’s most profitable law firms made the first moves. And firms were prepared to make matches for a big bonus season at the end of the year. Their partners, after all, were getting paid some of the largest distributions in firm history. And big firms followed through on another salary hike in early 2022.