5 Events That Rocked The Legal Industry In 2016

By Melissa Maleske (December 23, 2016, 5:47 PM EST) -- From a new first-year salary benchmark to the first data breach class action lodged against a law firm, here are the events that shaped the legal industry in 2016.

Associates Get a Raise

Cravath Swaine & Moore LLP set a new high-water mark for associate pay in June when it hiked first-year salaries to $180,000 and rolled out commensurate raises for more senior associates. It was the first BigLaw firm to raise starting salaries since Simpson Thacher & Bartlett LLP made $160,000 the norm for major market offices a decade ago, and the Cravath announcement had a similar effect on the...

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