With salaries in Biglaw climbing higher and higher, the only way to compete when it comes to attracting and retaining talent is to keep offering raises for associates. One firm knows this all too well, because it’s just sent word out about its third round of salary increases. Yes, you read that correctly. This firm has bumped associate salaries three times thus far in 2021… but it still hasn’t quite reached the $205K starting salary that associates have long been dreaming of. Which firm could it be?
It’s none other than Taft Law (the firm formerly known as Taft Stettinius & Hollister prior to its merger with Briggs and Morgan), a firm where salaries have been on the rise since April. As we noted previously, the firm’s first set of raises weren’t effective until July 1, and their second set of raises won’t come into play until October 1. Associates won’t have to wait a moment longer for their third set of raises, as those will be enacted on October 1 as well. This time around, each of the firm’s Ohio offices got another salary bump.
The firm will not be increasing its 1,850 billable hours requirement in light of these raises, which is even more good news for associates. Congratulations to all. Maybe before the year is out, the firm will finally meet the market.
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Staci Zaretsky is a senior editor at Above the Law, where she’s worked since 2011. She’d love to hear from you, so please feel free to email her with any tips, questions, comments, or critiques. You can follow her on Twitter or connect with her on LinkedIn.
