Another midsize firm raises associate pay
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Several midsize law firms are boosting starting pay for associates next year in a bid to stay competitive.
The latest Am Law Second Hundred firm to announce a pay raise is Stoel Rives, which is boosting pay by at least $10,000 for all associates beginning Jan. 1, Law.com reports.
“Associates in San Diego, San Francisco, Seattle and Washington, D.C., stand to take home the most with pay starting at $190,000,” the article reports. “In Minneapolis, pay will begin at $180,000; in Sacramento, Salt Lake City and Portland at $165,000; and in Anchorage, Alaska, and Boise, Idaho, at $135,000.”
Associates, of counsels and staff attorneys will be eligible for additional step increases after performance reviews.
The article said two other law firms increasing salaries are Armstrong Teasdale, which is paying new associates $145,000 to $190,000, depending on the market; and Hanson Bridgett, which is offering starting pay of $170,000, according to Law.com.
Larger firms are paying even more; many are offering starting pay of $202,500, according to Law.com.