Credit: Nuthawut/Adobe Stock As Associate Pay Raises Divide the Market, Several Law Firms Match, Others Hold Off
"Many do compete with the New York firms," said Wells Fargo's Owen Burman about D.C. firms. "But it's not universal."
February 12, 2024 at 04:00 PM
5 minute read
What You Need to Know
- Several firms in D.C. have announced they are matching the latest associate compensation scale first set by Cravath in November.
- However other firms, including Crowell and Venable, have not publicly announced their decision on associate compensation.
- Big Law firms have faced pressure to increase compensation in order to retain and attract talent.
Several large law firms based in Washington, D.C., have matched the latest associate compensation scale of top firms, but others have stopped short of announcing changes, as salary hikes continue to divide the industry.
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