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As the battle over associate compensation among New York's biggest law firms shifts fronts from salary to bonus, the question arises: How many firms can afford the new going rate? So far, at least 15 firms are handing out guaranteed bonuses of $40,000 to first-year associates on top of a $125,000 starting salary. For firms that match this, partners and clients may feel the brunt.
November 27, 2000 at 12:00 AM
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The original version of this story was published on Law.Com
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