An obscure law firm has recently changed the landscape for professional service firms globally by increasing associate compensation by as much as 50 percent. The implications of these changes are startling.
Begun in Silicon Valley in January, the “wave” of associate salary increases — typically begun in and isolated to super-elite New York law firms — now affects several top markets. The effects of these increases on a range of firms and on the service economy are surprisingly disruptive.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
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]