Downtown Skyline of Austin, Texas in USA. Credit: f11photo/Adobe stock Surpassing Cravath Associate Pay Scale, Boutique Seeks to Stay Above Market
By raising associate pay above market, the boutique's leadership said they're seeking to reward associates for hard work on significant projects this year and also help the firm's recruiting.
October 08, 2024 at 07:21 PM
3 minute read
Legal Services
What You Need to Know
- Austin health care boutique Gjerset & Lorenz adopts a market-rate beating associate salary scale.
- The scale, effective on Oct. 1, ranges from $265,000 for first-year associates to $475,000 for eighth-year associates.
- The firm wanted to reward associates for working hard this year and also to boost recruiting.
A health care boutique in Austin has raised associate salaries significantly above the highest tier in the legal market, potentially setting the bar for raises for 2025.
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