When New York's Simpson Thacher & Bartlett raised associate pay across the board Monday, several New York firms followed suit. Industry observers doubt whether highly profitable California-based firms will stay behind for long, at least in their New York branches.
January 24, 2007 at 12:00 AM
1 minute read
The original version of this story was published on National Law Journal
Quinn Emanuel partner William Urquhart just returned Tuesday from a trip to Finland, but he’s already heard word of New York-based firms raising first-year associate salaries to $160,000.
Quinn Emanuel Urquhart Oliver & Hedges is one of the few California firms that — until Monday — had matched the New York going rate of $145,000.
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