1st-Year Associate Pay At Big Law Firms Drops To $145K

Law360, New York (September 20, 2012, 9:53 PM EDT) -- The National Association for Legal Career Professionals said Thursday that the median salary for first-year associates at large law firms has slumped to $145,000 in 2012, a figure last reported in 2007.

While first-year associate salaries of $160,000 are still prevalent at law firms of more than 700 lawyers, particularly in large markets, the number no longer represents the prevailing salary, according to the NALP.

In the years since 2007, at least half of the first-year salaries in firms of over 700 attorneys were reported to...
To view the full article, register now.