Sheppard Mullin 1st-Years To Pocket $160K Once Again

Law360, New York (July 30, 2010, 5:15 PM EDT) -- Sheppard Mullin Richter & Hampton LLP has restored associate pay to prerecession levels in a bid to compete with other BigLaw firms boosting salaries as the economic downturn eases its grip on the legal industry.

First-year associates will once again earn $160,000 instead of the reduced $145,000 salaries imposed in 2009 amid tighter times, Sheppard Mullins partner Robert E. Williams told Law360 Friday, adding that the firm is also unfreezing all associates' salaries.

“In general, firms are moving away from a salary freeze era of the...
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