Law firms are blaming market demands for the latest round of associate salary raises, but they may have discounted an important factor in their decisions to boost pay – the client.
This summer’s associate salary increases to $160,000 are a result of economic forces, say law firm leaders, that have required them to fall in line with competitors’ pay in order to recruit top graduates from top schools. But in trying to keep fresh talent coming through their doors, law firms have created some resentment among corporate clients.
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