WHEN HE WAS a cub reporter, Daily Report managing editor Jonathan Ringel compared 1996 at Atlanta’s biggest firms to New Year’s Eve: champagne flowing, optimism free-floating. “Will the good times go on and on Well, do they ever” he asked.

As 1997 began, each of the Daily Report Top 10 firms the Dozen was still a year away announced pay raises for first-year associates.

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