After Compensation Raises and Frenetic Hiring, Big Law Is Gambling on 2022
How will large law firms respond in the event deal volume significantly slows, clients cut back demand and the cost of doing business rises? Will large pay packages for partners and associates become a big liability? For some, 2022 is a gamble of sorts.
February 03, 2022 at 05:22 PM
5 minute read
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|The Shift: After Compensation Raises and Frenetic Hiring, Big Law Is Gambling on 2022
Big Law is taking a bet that this year will be another growth year.
Large law firms have continued significant lateral partner hiring in 2022, even after a spike in hiring last year. Several firms have raised associate salaries in 2022, on top of pay increases last year, and many more are likely prepared to do the same.
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