While large firms seem to keep up with each other in setting associates' salaries, full-service midsize firms tend to see a trickle-down effect that causes them to raise first-year salaries. Boutiques, on the other hand, often operate in a different competitive environment and don't necessarily see a salary relationship between what's going on at the biggest firms and what's going on with themselves. But one consultant says he'd be surprised if people weren't interested in what the competition is up to.
February 22, 2007 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
While Pennsylvania’s biggest firms seem to all have the same strategy for setting associates’ salaries — keep up with the Joneses (or the Pipers, if you’d rather) — midsized and small firms’ approaches depend on the type of firm.
Midsized firms that are full service say they tend to see a trickle-down effect that eventually causes them to raise first-year associate salaries — though a direct relationship is hard to pin down.
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