Am Law Second Hundred Firms Are Bumping Up Associate Pay | The Recorder - Law.com

What You Need to Know

• Stoel Rives will increase starting pay for all associates, up to $190,000 in some markets, effective Jan. 1.
• The move matches action taken by other Am Law 200 firms, including Armstrong Teasdale and Hanson Bridgett.
• Flexible working arrangements and DEI commitments are also boosting recruitment and retention efforts.

Stoel Rives will raise annual base compensation for all associates by $10,000 or more next year, the firm said in a memo provided to Law.com on Monday.

The increases mark the third time the Portland, Oregon-born firm has announced upward adjustments in associate pay this year, reflecting both a “market correction” and efforts to “remain competitive in a tight market for talent,” according to Stoel Rives managing partner Melissa Jones.

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source: https://www.law.com/therecorder/2021/11/01/am-law-second-hundred-firms-are-bumping-up-associate-pay/

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