Posted Apr 01, 2016 10:30 am CDT
At the high end of the first-year attorney pay scale, a growing number of major law firms are compensating new associates at a starting salary of $160,000.
Such upward shifts occurred within the last 12 months among a number of Philadelphia and Wilmington, Delaware, law firms. Now Holland & Knight has announced an increase from $145,000 to $160,000 in all of its “major market” offices, reports Above the Law.
A firm representative confirmed the pay raise and said salaries have been raised to some extent in all of its offices except Denver, which has been open just over one year.
ABAJournal.com (April 2015): “NALP sees ‘upward movement’ in starting pay for associates; median increases $10K”
ABAJournal.com (April 2015): “New BigLaw associates make the most money in NYC, says survey”