Large law firms have begun to catch the wave of salary hikes that began in January when New York's Simpson Thacher & Bartlett raised first-year associate pay to $160,000. New Jersey's homegrown top 20 firms are taking a wait-and-see approach, with some boasting that they are not influenced by other firms' pay scales. "We are sensitive to the New York market," says Sills Cummis hiring partner R. Max Crane. "At the same time ... we've made a conscious decision not to go directly against the New York market."
February 27, 2007 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
Firms in New Jersey have begun to catch the wave of salary hikes that began on Jan. 22 when New York’s Simpson Thacher & Bartlett raised first-year associate pay to $160,000.
Latham & Watkins announced earlier this month that it would raise first-year associates’ base salary to $145,000 in its U.S. offices outside New York, including Newark, N.J., and to $160,000 in New York.
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