First-year associate salaries of $160,000 may seem like a jaw-dropping amount to pay for fledgling attorneys, but compared with profits per partner, starting pay at the nation’s top law firms proportionately has been at its lowest point in a decade.
Several law firms recently announced a boost in first-year associate pay by about $15,000, up from $145,000. New York’s Simpson Thacher & Bartlett was first out of the gate last month, with many New York firms following. In addition, Greenberg Traurig announced it would raise first-year salaries to $160,000 in its New York office.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
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]