Associate Pay Hikes Stem Flow Of Lawyers Going In-House
By Aebra Coe (April 18, 2017, 11:21 AM EDT) -- Widespread associate salary increases have led BigLaw to expect more from young attorneys, and experts say associates' enhanced responsibilities and paychecks have made them less likely to jump ship for in-house jobs, buttressing law firm retention.
While a handful of law firms have raised billable hour requirements and others have increased their expectations of associate performance following sweeping pay hikes ushered in last summer, law firm recruiters say the general sentiment among associates nearly a year later is that they ended up benefiting from the decision — a sentiment that has led to increased retention in individual law firms and among...
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