Salaries for junior lawyers are rising above $200,000 at many top law firms for the first time, following a year of record-breaking profits in the legal industry and competition to retain a workforce that has billed long hours at home during the pandemic.
“It was almost unseemly to not pass some of that along” to the more junior lawyers, said James Leipold, the executive director of the National Association for Law Placement, which tracks industry hiring and pay trends. Mr. Edelman said the firm’s decision to raise pay followed a successful year for Milbank that saw revenue rise 15.6% to $1.23 billion and average partner profits increase nearly 16% to close to $4.5 million. He said an influx of work and rising cost of living drove the move.
Only a sliver of law-school graduates each year land at firms paying the highest salaries, which dwarf entry-level pay in other industries. New psychologists and CPAs are paid less than $60,000 a year, according to consulting firm Mercer LLC, which also said that entry-level professors earn $80,000, and physician assistants, $110,000.
ENCOURAGE ENTREPRENEURS, MANAGEMENT, INVESTORS. DISPUTE IS HURDLE FOR COMMERCIAL DECISIONS, IMPLEMENTATION, PRODUCTIVITY, GAINS, LOSS OF TIME, FINANCE, WORKING HOURS. CORPORATE TO GET CLARITY FROM REGULATORS INITIALLY, AVOID DISPUTES WITH CLEAR POLICIES, IMPARTIAL IMPLEMENTATION.
In fairness it’s not 80/hr workweeks but stroll in at 10:30am, twiddle your fingers most of the week and dump shit on you at 3pm on a Friday.
Yeah, but that equates to ~$45/hr when you factor in the 80/hr work weeks... and then there’s the $400k in student loans. Hard pass. Go be an executive at basically any company doing any role and you’ll make more without the back-breaking hours and loans.
Working 80 hours a week, miserable and sick. No thanks!
horrible
Not my lawyers. Stop pushing this big law propaganda!
The only thing this proves. Is that people are too stupid paying the exorbitant fees these companies charge and/or they have a monopoly. Because stock noted companies feel forced to make use of companies with a big name.
Lawyers are SO rich they want to share it with other lawyers? Must be buckets of cash to make a lawyer feel bad about making too much money haha
Dang! Maybe I need to go back to school for a couple years. That’s big money.
Or stop raping your clients? HAHAH HAHA HAHA 😂
On the doorstep of the state of Georgia Courthouse my constitutional civil rights were bought and sold like Kunta Kinte by the court system to SunTrust (Truist Bank) Join in requesting the FBI to investigate this violation.
joramwachira001 laughs in Kenya😂😂
When I graduated law school in ‘98, big law upped 1st year base salary to 100k. 23 years later it’s double. Wonder how that compares to inflation. Home prices? Tuition?
No problem paying off that student loan 😀
$190k 3y years ago to $200k is not a raise. USD is worth much less. Young lawyers would get 146 oz gold equivalent. This salary “increase” brings it to 107 oz gold equivalent. If we had soundmoney their original wage would be closer to $273k (in purchasing power) in today’s $
I was unseemly or you couldn't find any juniors in the market so you raised their salaries to compete with other firms?
above the money, people, right? 💫
The rich get richer, twas ever thus. Any straight white man of low income backgrounds (free school meals, parents no university/professional etc) included or diversity doesnt extend that far?
Residents from NyinMaw village, Launglon staged a rally amid the heavy rain rejecting junta massacre. WhatsHappeningInMyanmar June13Coup Black4Rohingya
After the Olympics, these people will have even more work to do. I think it's time for all countries/regions to determine who are responsible for sending their precious athletes to such an Armageddon machine (ie. Tokyo2020 ).
😵
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