Dechert took the Philadelphia market-high for associate compensation to a new level for dozens of junior lawyers when it announced Monday that it would increase salaries to between $160,000 and $280,000 for first- through eighth-year associates.
In years past, that announcement would have caused a domino effect of other law firms looking to match the market leader. But post-Great Recession, firms are a little less explicit when it comes to how, or if, they will follow the leader.
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