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Salary Survey: More Firms Push Into Top Tier

Law360 (February 7, 2007, 12:00 AM EST) -- With three new firms joining the top tier this year, more than 30 firms are now paying first-year associates $160,000, our salary survey shows.

After Simpson Thacher & Bartlett announced it would increase salaries in its New York office from last year’s high of $145,000 to a whopping $160,000, fellow New York top-tier firms quickly followed suit in an effort to remain competitive, according to Marci Krufa, a principal at consulting firm Altman Weil.

“From what we see, it’s a question of supply and demand,” Krufa...
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