Good Hiring News for College and Law School Grads

Lots of good news for grads this year. Hiring is up and salaries are up. First from the Wall St. Journal comes "For Class of ’07, Lots of Job Offers." A few highlights:

  • Employers intend to hire 17% more graduates from the class of 2007 than they hired from the class of 2006.
  • Salaries are forecast to rise 4.6% over last year. reports on a bidding war that’s brewing among elite law firms for associates at top law schools. The New York law firm Simpson Thacher & Bartlett has raised associate base salaries to a cool $160,000 before bonus. Other New York firms are expected to follow suit and be matched by leading firms around the country.  The salaries of first year associates at top firms had been raised from $125,00 to $145,000 just last year.