It figures that a new partner ought to be making a lot more than a senior associate. After all, a move into the partnership rewards years of hard work, and it comes with a whole new set of responsibilities to the firm.

But the most recent round of associate pay hikes has edged senior associates ever closer to junior partner pay rates. In fact, in some cases, senior associates can come out ahead of partners — particularly if the firm has a nonequity tier.

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