When Will the Dust Settle on Associate Pay? As Some Law Firms Wait, Others Make Quiet Moves | The American Lawyer - The American Lawyer

What You Need to Know

• It's been an unusually long wait for most of the legal industry to settle on a leading associate pay scale.
• Some firms are delaying because they don't want to be one-upped by a leading pay scale.
• Other factors could be at play, including managing partner politics and client perceptions.

The waiting game to match or one-up the associate pay scale continues to drag out, with some law firms quietly telling associates they will match the market scale whenever it has been finalized—meaning when other leading Big Law firms make their moves. Other firms, meanwhile, are plotting their own course, exposing some fragmentation in the industry.

“This is a little bit unusual for how long the dust is in the air as opposed to settling,” acknowledged William Harnett, chairman of the executive committee at Cahill Gordon & Reindel, in an interview.

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February 09, 2022

source: https://www.law.com/americanlawyer/2022/02/10/when-will-the-dust-settle-on-associate-pay-as-some-law-firms-wait-others-make-quiet-moves/

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