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Wal-Mart Puts Foot Down On Rising Legal Fees

Law360 (November 2, 2007, 12:00 AM EDT) -- Wal-Mart Stores Inc. might be the first big corporation to openly declare a moratorium on starting salary hikes for its outside firms' associates. But according to experts, in-house counsel across all industries share its anxieties.

On Thursday, the retail behemoth's associate general counsel Miguel Rivera Sr. issued a memo to the company's outside counsel network bemoaning the meteoric rise of starting salaries for first-year associates — currently at $160,000 for most top New York firms — and the impact he said it had on the firms'...
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