Much like the rest of the country, firms in northern New Jersey have been on a first year pay hike spree. McCarter & English has announced that first-years will earn $135,000 starting in January, which is an 8 percent increase. This move was made in order to stay competitive with other norther New Jersey firms’ first year rates, such as Drink Biddle ($145,000), Proskauer Rose ($145,000), Lowenstein Sandler ($140,000), Lerner, David, Littenberg, Krumholz & Mentlik ($140,000) and Day Pitney ($135,000).
Source: www.nylawyer.com