First Year Biglaw Salaries To 100K More Say It Will Happen

Consultant Peter Zeughauser,
in the Recorder piece reporting the Allen Matkins cuts: the top 10 to
15 firms would “never” do this, but the next tier of BigLaw firms might
just end up slashing associate pay after exhausting other options.ABA Journal: when it happens, this move will probably go hand-in-hand with the dismantling of lockstep compensation structures and the move to merit-based compensation.WSJ Law Blog: the whole discussion is “ridiculous,”
though not because the Journal cares deeply about the financial
well-being of the average associate, but because it apparently can’t
wait to see what would happen: “Why shouldn’t the first [firm] to jump
be applauded for having the fortitude, confidence and business savvy to
go first?“Blackbook Legal Blog: “We told you so.”

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