Law Firm Pay Hikes Raise Stakes – And Eyebrows

By Erin Marie Daly

Law360, New York (December 21, 2007, 12:00 AM ET) -- Lawyers' salaries skyrocketed to unprecedented levels last year, a boost seen by some in the legal field as a justifiable necessity in the face of stiffening competition. But the pay hikes left others with a bitter taste in their mouths, heating up the debate over how far firms should go to attract and retain talented professionals.

The competitive hiring environment was spurred by the need for professionals with specialized expertise coupled with a declining supply of law school graduates, prompting many firms to bump their base...
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