A fresh round of pay raises in January has brought associate starting salaries at most large firms’ New York offices to a new high of $160,000. So how are intellectual property specialty firms, with far more modest per-partner profits than their behemoth general practice counterparts, keeping up with the bidding war for associates? Well, they are doing just fine, thank you very much.
New York’s 70-lawyer IP firm Frommer Lawrence & Haug has been paying its first-year associates $150,000 since July, when most large national general practice firms were still paying their first years $135,000, says partner Porter Fleming. “In our mind, they were playing catchup to us,” Fleming says.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
