Is the Rebound in Associate Salaries a Litmus Test for Law Firm Recovery?

The days of associates being snapped up for $160,000 a year slowed considerably over the past three years. Eight to ten years ago, supply and demand favored associates who could count on six-figure salaries right out of law school. According to The Philadelphia Inquirer , "the devastation that swept...

Salary Disparity Faced by New Law Grads

In more quantitative terms, Figure 1 below clearly shows that the salaries of newly minted attorneys bifurcate sharply into two distinct groups, the BigLaw lockstep salary that has hovered at $160,000 and a much lower peak of around $50,000, with a median salary of $62,000. [1] For the class of...

Are Lean Times the “New Normal” in New Attorney Hiring?

There are no short memories when it comes to the actions law firms had to take to stay afloat during the recent recession, and recurring nightmares about it continue to mean reduced prospects for those at the bottom rung of the legal profession ladder. Even as the economy begins to rebound and business...