Law Firms Raise Associate Salaries to $235K+ as AI Raises Questions About Junior Attorney Hiring

Meghan Tribe

26d ago· 5 min readenNews

technology business legal industry labor & compensation

Summary

Large law firms are raising associate salaries to compete for junior talent, with Milbank LLP setting a new scale starting at $235,000 and topping out at $455,000, and Susman Godfrey raising starting pay to $240,000. These salary increases come amid growing questions about how artificial intelligence might affect the hiring and role of junior attorneys at top firms, creating tension between rising labor costs and AI's promise of reducing legal expenses.

Source

bskyLaw Firms Raise Associate Salaries to $235K+ as AI Raises Questions About Junior Attorney Hiringnews.bloomberglaw.com

Key quotes

· 3 pulled

The Manhattan firm, true to its reputation as a first mover on pay, bumped its starting salary for associates to $235,000 on a seniority-based scale that now tops out at $455,000.

Litigation powerhouse Susman Godfrey on Tuesday upped its scale a notch higher, starting at $240,000.

The raises ratchet up the cost of competing for junior talent even as artificial intelligence fuels questions about junior attorney hiring at top firms.

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Big Law’s associate pay war comes as AI fuels questions about junior attorney hiring at top firms.

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