Bloomberg Law
April 15, 2021, 12:25 PM

Wake Up Call: Associate Pay Gains Show Strong Legal Market

Rick Mitchell
Rick Mitchell
Freelance Correspondent

In today’s column, strong demand for bankruptcy and other pandemic-related advice powered profit gains at Arnold & Porter in 2020; three more firms matched the Davis Polk scale for associate bonuses and one added extra money for big billers; dealmakers are optimistic about the M&A market this year, but worried about tax hikes, a survey finds.

  • Leading off, despite last year’s pandemic austerity measures, median base salaries for first-year associates at large law firms increased 6.5% overall in 2020 to reach $165,000, while the typical starting pay at most big firms was $190,000, according to new data from the National ...

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