I’m not surprised that firms with less than stellar years are matching, because they think this will vault them into competitiveness. I’m also not surprised that firms with stellar years are matching, because they think they must do so to remain competitive.
— Tim Corcoran, a legal compensation consultant, commenting on the summer salary wars that have taken hold across the large law firm landscape, even at firms that are coming off a down year in 2020. “You’re looking for rationality in an irrational market,” he continued. “There’s no shortage of capable associates.”
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.
