Midlevel associates say below-market compensation may cause them to leave, especially when billable hours match expectations at better-paying competitors.
September 12, 2024 at 05:00 AM
5 minute read
Reporter
The original version of this story was published on The American Lawyer
When it comes to associate compensation in Big Law, there’s the math and then there’s the market.
The math indicates that the highest-paid associates are actually getting paid the least on a proportional basis. While rising profits per partner have no ceilings when elite firms have a great year, lockstep salary increases and bonuses are finite.
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