BigLaw Starting Salaries Increase Again

BigLaw salaries have risen again. After Milbank increased first-year associate salaries to $215,000, at least one law firm not only matched the increase but actually exceeded it. As the author of the article linked above explains, more of the top law firms may still choose to increase first-year associate pay to ensure they remain competitive recruiters.

As of this past summer, Wachtell, Lipton, Rosen & Katz was paying first-year associates $220,000 and approximately 70 other law firms, mostly in the top 100 by size, were paying their first-year associates $215,000.