Elite litigation boutiques are stepping up to match or even exceed the new market salary and bonus scales for associates set by numerous Am Law 100 firms. This move comes as a continuation of trial boutiques’ practice of competing for the top law students, similar to their Big Law counterparts.
As the year-end approaches, there has been an increased drive from such litigation boutiques to keep pace with the established remuneration trends. However, several high-profile boutiques engaged in national work are yet to make matching announcements. This absence may indicate a limitation on the spread of salary raises within the industry in 2024, or suggest these firms need more time to consider the financial implications of these significant compensation adjustments.
For a more comprehensive understanding of these recent salary and compensation developments, you can further examine this issue in an article by Law.com. Be assured, as more firms adapt to the new compensation norms, we’ll keep you updated on the shifts within the industry.