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Not surprisingly, the economy has had a noticeable effect on new associate hiring and compensation at New Jersey's largest law firms, with starting salaries leveling off after their recent run-up and new hires dropping about 15 percent. This marks the end of a windfall era for new associates, in which some New Jersey firms began paying $100,000, in an effort to keep up with the $150,000 scales at New York firms.
March 18, 2002 at 12:00 AM
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The original version of this story was published on Law.Com
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