Only a few days after three big California-based firms raised their CA first-year associate salaries to $160,000, three more firms have followed suit. Latham & Watkins; Gibson, Dunn & Crutcher; and Paul, Hastings, Janofsky & Walker all decided to bump up their starting pay for their CA offices. Now, all of California’s biggest and most profitable firms have matched the New York scale; smaller firms like Wilson Sonsini Goodrich & Rosati and Heller Ehrman have remained steady at $145,000. The explosion of pay raises has some big-firm clients worried and questioning whether these lawyers are actually worth what they are being paid.
Source: www.nylawyer.com