More major law firms, including the first from outside of New York, have boosted associate base salaries to match the emerging standard of $145,000 for first-years.
Manhattan firms Paul, Weiss, Rifkind, Wharton & Garrison and Cahill Gordon & Reindel have raised all of their associate salaries by $20,000. In addition, Washington, D.C.’s Covington & Burling and Miami’s Greenberg Traurig raised salaries for their New York associates. Covington & Burling raised salaries across the board while Greenberg Traurig introduced raises ranging from $10,000 to $20,000, with first-years receiving $145,000.
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