2007. George W. Bush was President, Steve Jobs announced the first iPhone, Daniel Day-Lewis won an Oscar for There Will Be Blood, and across the legal industry, Big Law firms raised the base salary of their first-year associates to $160,000 from $145,000. It would be the last such raise until this month. Probably no other legal news site has covered the associate salary raises of 2016 as extensively as Above the Law, so we invited one of their editors, Joe Patrice to talk with Josh Block about the raises.

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Discussed in this episode:

Is Following Cravath’s Lead the Best Way to Set Salaries?
https://bol.bna.com/is-following-cravaths-lead-the-best-way-to-set-salaries/

$180K Associates? Not at This Firm, Says Chair
https://bol.bna.com/is-following-cravaths-lead-the-best-way-to-set-salaries/

Will Associate Salary Raises Be Billed to Clients?
https://bol.bna.com/is-following-cravaths-lead-the-best-way-to-set-salaries/

Breaking: NY To $180K!!! Cravath Raises Associate Base Salaries!!! (Above the Law)
http://abovethelaw.com/2016/06/breaking-ny-to-180k-cravath-raises-associate-base-salaries/

The Comprehensive Partner’s Guide To Associate Raises (Above the Law)
http://abovethelaw.com/2016/06/the-comprehensive-partners-guide-to-associate-raises/