Just when large Philadelphia firms thought they were closing the starting salary gap with their New York counterparts, along comes Skadden Arps Slate Meagher & Flom. The Manhattan law firm giant announced last week that it was raising first-year associate wages at all offices from $107,000 to $140,000.

The Skadden move comes on the heels of announcements by Davis Polk & Wardwell and other New York firms that they will raise starting base salaries to $125,000 to keep up with the hefty hikes by Silicon Valley firms that were trying to compete with technology companies who are swiping their best mid-level associates.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Advance® Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

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