Hoping to keep up with their peers and lighten their associates’ student debt burdens, more and more law firms are adopting initiatives to help lawyers refinance their law school loans at reduced rates.
Last year Latham & Watkins spearheaded a program with First Republic Bank Co. that allows associates with student loans exceeding $50,000 to refinance at rates as low as 2.5 percent. Since January at least three other Am Law 100 firms have set up similar programs with the bank.
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