Saul Ewing is the latest to announce an increase in salaries, with first-years now earning $125,000 in all offices except Harrisburg. Saul Ewing currently employs 260 attorneys in 8 offices along the East Coast source: www.law.com
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Firms Pepper Hamilton and Blank Rome announced plans to raise attorney salaries this week, becoming the latest to join the trend. For Pepper Hamilton, first year associates in all offices will get an extra $10,000, except in Harrisburg and Detriot, where the raise is $7,000. Blank Rome’s Philadelphia first-years will now earn $125,000, and its D.C. and New York associates take home $135,000. Source:www.law.com
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Duane Morris announced a 9.8% increase in total revenue and an 18.4% increase in profits per partner for 2005. The 600 lawyer firm has enjoyed continued growth and success and plans to hire 400 new attorneys over the next two years. Duane Morris currently has 20 offices throughout the East and West Coasts, as well as one in London. Source:www.law.com
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Dechert has followed the market trend by raising salaries for its Philadelphia office, with first-year associate pay now set at $135,000. This brings to par with Morgan Lewis as the highest-paying firms in the city. Dechert employs 900 attorneys in 18 offices worldwide. Source: www.law.com
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