Texas firms stayed out of the water initially, avoiding the rush of associate pay increases that began in December 2005 on the West Coast. In February, New York firms began diving in, with the announcement by Sullivan & Cromwell that it was raising first-year associate pay to $145,000.
By March, large Texas firms had jumped in, too. They began announcing associate pay scales that, for the most part, increased the first-year associate salary from $115,000 to $140,000 — a whopping 21.7 percent leap.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
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]
