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Shartsis Friese partner Frank Cialone is one of a handful of younger partners being groomed to take over the San Francisco boutique. The firm's founders hope a culture of transparency will help their creation survive them.Pillsbury, others hit or exceed $160K mark for associate salaries
Just when you thought the bandwagon was packed, another handful of California firms have announced associate salary hikes. Pillsbury Winthrop Shaw Pittman became the latest large firm to move first-year pay up to $160,000. And in the midsize camp, Munger, Tolles & Olson boosted first-year pay to the $160,000 level, while Shartsis Friese took its top-billing associates to $165,000. In a prepared statement, Pillsbury said the salary hike won't come at the cost of associates or clients.How Small Firms Are Managing $160,000 Salaries
Some small firms have matched the $160,000 associate pay of large firms, but attempting to cover the cost through higher billing rates or more billed hours could erode the smaller firm's competitive advantages over megafirms. Consultants say that premium firms come with built-in advantages that help them absorb rate and salary increases -- and even potentially profit from them. Shartsis Friese managing partner Arthur Shartsis says his firm keeps up with rate increases because the impact is not significant.Pillsbury, Others Hit or Exceed $160K Mark for Associate Salaries
Just when you thought the bandwagon was packed, another handful of California firms have announced associate salary hikes. Pillsbury Winthrop Shaw Pittman became the latest large firm to move first-year pay up to $160,000. And in the midsize camp, Munger, Tolles & Olson boosted first-year pay to the $160,000 level, while Shartsis Friese took its top-billing associates to $165,000. In a prepared statement, Pillsbury said the salary hike won't come at the cost of associates or clients.Trending Stories
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