From across the Hudson River, we watched this past June as several New York-based law firms announced that they would increase the starting salary for first-year associates to $180,000. This marks a $20,000 increase for the incoming class that just completed the bar exam and will start working in the next month or so.
This decision was met with intrigue across national media. Several legal outlets noted their excitement over this decision as an overall positive for legal employment. In contrast, certain clients of big law firms protested the decision, believing that the current labor market did not warrant this increase, and stating that they were unwilling to bear this increased expense.
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