In reaction to a positive economic outlook and an extremely tight legal associate job market, top Am Law firms have raised their associate pay scales. Effective July 1st, the class of 2021 will earn $202,500 (up from $190,000) and the class of 2013 will earn $365,000. Firms are also instituting or increasing mid-year “special bonuses” which can range from $12,000 to $64,000.
Read the full article in the ABA Journal.