Credit: zenzen/Adobe Stock As Salary Hikes Spread Through Law Firms, Expect Stratification and Strategic Shifts
With pressure to adjust pay rising across the industry, recruiters say the changes will lead to lateral movement and creative strategies for attorney compensation.
March 04, 2022 at 06:26 PM
6 minute read
Law Firm Competition
The ripple effects of the latest associate pay raises by Cravath, Swaine & Moore, following bids by Milbank and Davis Polk & Wardwell earlier this year, are being felt throughout the industry, as Am Law 100 firms reassess their compensation structure to ward off poaching while hiring to fill their talent needs.
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