The War for Talent and Starting Salaries

The War for Talent and Starting Salaries

Starting salaries for new law graduates are $160,000 in large firms in some cities, resulting in fully loaded compensation in the range of $200,000.  Combined with the per lawyer overhead in large, big city firms, the total cost of a new associate is approximately $400,000 per year.  How can this be justified?  Quite simply, by the intense competition for top graduates of top law schools.

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