Greenburg Traurig Hikes Pay For First-Year Associates To $145,000

Greenberg Traurig has bumped up pay for its first-year associates in Miami and Fort Lauderdale 16 percent from $125,000 to $145,000. When the legal job market and economy were good in the mid-2000s, large law firms began offering record first-year associate salaries, which traditionally were matched by other firms, but since the recession, few law firms have raised first-year salaries, and some have even cut them. It’s unclear if other law firms will follow Greenberg’s lead. Some legal observers questioned the move by Greenberg and speculated on the motivation, as attorneys are job hunting in a saturated market. Others pointed out the competitive environment to get first-tier associates. The move could signal an upswing in the South Florida economy, where billion-dollar deals are returning. ┬á(Read Full Article Here)

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