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           THE LARGEST COLLECTION OF LEGAL JOBS ON EARTH




INSIDE LEGAL BLOGS AND CHAT BOARDS                                                                       www.lawcrossing.com     1. 800.973.1177
SPONSORED BYJUDGED




                            Inside Legal Blogs
                            [By The Judge]
                            Hi, folks.


                            With all the recent hype over associate salary hikes at big law firms, one might have begun to feel that the good days had arrived
                            at last. However, Tom Collins’s August 14 post at morepartnerincome, “New Associate Salaries in Midrange Law Firms,” tells
                            a different story. According to a recent report by NALP, Collins explains, not everyone has a reason to be happy. Starting
                            salaries of $135,000 or higher are only granted to a meager 14% of graduates. The truth is that 42% of new law graduates start
                            out with salaries of $55,000 or less.




The August 3 post “Differential Pricing at           Ken Shigley’s August 6 post, “New                   when you compare those law firms’ starting
Law Firms & Gender” at Conglomerate                  associates’ salaries compared with judicial         salaries with the salaries of judges who are
features Christine Hurt’s opinions on the            salaries,” at the Atlanta Injury Law & Civil        responsible for running the court system.”
recent rise in associate salaries. It begins,        Litigation Blog reveals Shigley’s frustration
“Generally, salaries were hiked in response          with the current salary situation. He finds         Shigley does have a point, but as “Will” says
to lateral movement among attorneys                  it very difficult to swallow the fact that          in a comment below the post, “Great post.
and low morale because of higher hours               two Atlanta law firms—Alston & Bird and             Sad thing was the whining in the link. The
worked. The true reasons for associate               Hunton & Williams—have raised associate             only thing of importance was how much
dissatisfaction (lack of job security,               starting salaries to $145,000 (which, by the        each firm was paying, what other markets
unpredictability of schedule, tremendous             way, is exactly 10 times the pay he used to         paid, and whether the scale of raises was
hours, intense pressure from partners and            draw 30 years ago as a public prosecutor,           sufficient. Not a single mention of ‘great
clients) were never addressed because they           without adjusting for inflation). He says his       place to work,’ ‘good clients,’ or anything
were seemingly unaddressable given the law           heart bleeds for the hardships of associates        remotely related to actual practice of law.”
firm business model. But some money was              “anonymously whining that it isn’t enough”
thrown at the problem, which in most cases           and goes on to say, “I don’t care how much          See you next week, folks. Take care.
increased the amount each month that was             money big law firms throw at bright kids with
swept into a mutual fund because no one had          no experience straight out of law school.
time to take a vacation or spend more money          Neither do I care how much the Atlanta
anyway.”                                             Falcons pay Michael Vick. The real scandal is




PAGE

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Inside Legal Blogs - law news, Legal jobs

  • 1. LAWCROSSING THE LARGEST COLLECTION OF LEGAL JOBS ON EARTH INSIDE LEGAL BLOGS AND CHAT BOARDS www.lawcrossing.com 1. 800.973.1177 SPONSORED BYJUDGED Inside Legal Blogs [By The Judge] Hi, folks. With all the recent hype over associate salary hikes at big law firms, one might have begun to feel that the good days had arrived at last. However, Tom Collins’s August 14 post at morepartnerincome, “New Associate Salaries in Midrange Law Firms,” tells a different story. According to a recent report by NALP, Collins explains, not everyone has a reason to be happy. Starting salaries of $135,000 or higher are only granted to a meager 14% of graduates. The truth is that 42% of new law graduates start out with salaries of $55,000 or less. The August 3 post “Differential Pricing at Ken Shigley’s August 6 post, “New when you compare those law firms’ starting Law Firms & Gender” at Conglomerate associates’ salaries compared with judicial salaries with the salaries of judges who are features Christine Hurt’s opinions on the salaries,” at the Atlanta Injury Law & Civil responsible for running the court system.” recent rise in associate salaries. It begins, Litigation Blog reveals Shigley’s frustration “Generally, salaries were hiked in response with the current salary situation. He finds Shigley does have a point, but as “Will” says to lateral movement among attorneys it very difficult to swallow the fact that in a comment below the post, “Great post. and low morale because of higher hours two Atlanta law firms—Alston & Bird and Sad thing was the whining in the link. The worked. The true reasons for associate Hunton & Williams—have raised associate only thing of importance was how much dissatisfaction (lack of job security, starting salaries to $145,000 (which, by the each firm was paying, what other markets unpredictability of schedule, tremendous way, is exactly 10 times the pay he used to paid, and whether the scale of raises was hours, intense pressure from partners and draw 30 years ago as a public prosecutor, sufficient. Not a single mention of ‘great clients) were never addressed because they without adjusting for inflation). He says his place to work,’ ‘good clients,’ or anything were seemingly unaddressable given the law heart bleeds for the hardships of associates remotely related to actual practice of law.” firm business model. But some money was “anonymously whining that it isn’t enough” thrown at the problem, which in most cases and goes on to say, “I don’t care how much See you next week, folks. Take care. increased the amount each month that was money big law firms throw at bright kids with swept into a mutual fund because no one had no experience straight out of law school. time to take a vacation or spend more money Neither do I care how much the Atlanta anyway.” Falcons pay Michael Vick. The real scandal is PAGE