Lawjobs.com reports that salaries for new associates in California’s "mid-sized" and most competitive firms have hit $135,000. That isn’t exactly new news; I noted the associate salary trend earlier. The noteworthy aspect of this article: it profiles 3 types of firms on the West Coast and their salary policies:
- Small firms that want to compete with the large, elite firms. Farella Braun & Martel is an example. They upped first year associates’ salaries to $135,000.
- Super-regional firms like Perkins Coie . They also raised first year associates’ salaries to $135,000.
- Small firms that are cutting back on first-year associate hiring like Hoge, Fenton, Jones & Appel.
Basically, you have to pay to play. And that’s good new for law school grads.