X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.
The salary war that began in Silicon Valley six weeks ago is not only making front page news in The New York Times, but has since spread to secretaries and other staff who are hoping for their slice. A rumor last week had it that Menlo Park, Calif.’s Gunderson Dettmer Stough Villeneuve Franklin & Hachigian would start another salary rush by bumping secretary pay by 15 percent. The firm denied the rumor, but cost-of-living increases in the Valley and a waning number of experienced secretaries may mean firms will soon have to spend a little more money for someone to baby-sit junior associates. And the secretaries are expecting it. “Instead of not being able to buy a home, lots of staff at these big firms cannot afford to rent in this area,” said a secretary who heard the Gunderson rumor. Who knows, though, if it will happen? Because bigger secretary salaries will actually cut into a firm’s bottom line — not like the smoke-and-mirrors magician show so transparent in the associate raises — firms may hesitate.

This content has been archived. It is available exclusively through our partner LexisNexis®.

To view this content, please continue to Lexis Advance®.

Not a Lexis Advance® Subscriber? Subscribe Now

Why am I seeing this?

LexisNexis® is now the exclusive third party online distributor of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® customers will be able to access and use ALM's content by subscribing to the LexisNexis® services via Lexis Advance®. This includes content from the National Law Journal®, The American Lawyer®, Law Technology News®, The New York Law Journal® and Corporate Counsel®, as well as ALM's other newspapers, directories, legal treatises, published and unpublished court opinions, and other sources of legal information.

ALM's content plays a significant role in your work and research, and now through this alliance LexisNexis® will bring you access to an even more comprehensive collection of legal content.

For questions call 1-877-256-2472 or contact us at [email protected]

 
 

ALM Legal Publication Newsletters

Sign Up Today and Never Miss Another Story.

As part of your digital membership, you can sign up for an unlimited number of a wide range of complimentary newsletters. Visit your My Account page to make your selections. Get the timely legal news and critical analysis you cannot afford to miss. Tailored just for you. In your inbox. Every day.

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.