Thank you for sharing!

Your article was successfully shared with the contacts you provided.
Three more Philadelphia law firms have joined in the parade to raise starting salaries. Hangley Aronchick Segal & Pudlin and Saul Ewing both moved their starting wage from $105,000 to $115,000, and Fox Rothschild will jack its rate from $100,000 to $110,000. Six other firms — Ballard Spahr Andrews & Ingersoll, Blank Rome, Duane Morris, Pepper Hamilton, Reed Smith and Wolf, Block, Schorr and Solis-Cohen — raised their salaries to $115,00 earlier this fall while Cozen O’Connor moved up to $110,000. Dechert and Morgan, Lewis & Bockius had already established a starting salary of $125,000 two years ago while Drinker Biddle & Reath moved to $115,000 soon after. Hangley Aronchick managing partner David Pudlin said the decision was made so that the firm could be competitive in the entry-level recruiting process. But he added that all of the firm’s associates will receive $10,000 raises. The move, implemented by the firm’s five-person board of directors, will take effect Jan. 1. Saul Ewing Chairman Stephen Aichele said the market shift also precipitated the increase at his firm, which will also take effect in the new year. Like Hangley Aronchick, all Saul Ewing associates will receive $10,000 raises. “It’s been a while but the marketplace has changed and we can’t afford to be left behind,” Aichele said. “This is not only for recruiting but also to keep our existing associates.” Fox Rothschild managing partner Abraham Reich said the move to $110,000 — which kicks in early next year — will keep the firm competitive with its large-firm brethren. He said while there will be some ripple effect on the firm’s more experienced associates; not all of them will receive $10,000 raises. He did say the firm will focus on its merit-based bonus program to supplement base salary. Several other firms are still pondering their next move. Montgomery, McCracken, Walker & Rhoads Chairman Steve Madva said the firm will almost certainly raise its starting salaries from the current $105,000, but the management team is still debating to what degree. Stradley Ronon Stevens & Young Chairman William R. Sasso indicated the same but added that it would not be implemented until September 2005. Both Buchanan Ingersoll and Schnader Harrison Segal & Lewis are still plotting their respective courses of action.

This content has been archived.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.