As far as Mark Harris is concerned, the recent round of pay hikes for first-year associates at some of the nation’s biggest law firms is the equivalent of applying a Band-Aid to a head wound.
The salary increases to $160,000 for first-year associates may eventually affect compensation for the lawyers who work at the 170-attorney shop that he founded seven years ago. But, for now, they underscore what he says is a flaw in the traditional law firm model — one that will only get worse as younger lawyers replace their older colleagues.
