Similar to what happened last year when salary increases spread through the nation coast to coast and New Jersey firms eventually followed, the pay raise fever of 2007 has finally hit the state. Some firms such as Day Pitney and Drinker Biddle have already increased salaries in their NJ offices. However, though they may compete for some of the same candidates, NJ firms firms will not necessarily match NY salaries. As for the firms that have yet to raise payrates, they are watching the NY market closely and will act appropriately to remain competitive.
Source: www.nylawyer.com