The market has been subverted by uber-aggressive U.S. firms, to no-one’s benefit.
— A rather critical response given by a Biglaw partner in the UK when asked about associate salaries in a survey published by Law.com International. According to that survey, 95% of respondents believe that salaries for junior lawyers are now too high, and 84% of respondents said they felt negative about the most recent round of raises. Only 5% felt positive about Milbank’s latest round of salary increases.
Staci Zaretsky is a senior editor at Above the Law, where she’s worked since 2011. She’d love to hear from you, so please feel free to email her with any tips, questions, comments, or critiques. You can follow her on Twitter or connect with her on LinkedIn.