If you care only about associate compensation in major legal markets, stop reading now; do not sully your eyes with this post. But if you have an interest in what associates make outside the biggest cities, keep reading.
Yesterday we covered Denver, to kick off what one commenter described as “Mid-Market Salary Mania.” Today we shine the spotlight on Hartford — aka “New England’s Rising Star” — and Connecticut more generally.
From the Connecticut Law Tribune (subscription):
In the wake of a flurry of first-year salary hikes, two more national firms recently announced pay raises in their Hartford, Conn., branch offices. Their compensation philosophies are starkly different, however.
Dechert increased its Hartford starting salaries in mid-February to $145,000 to match those in Philadelphia, San Francisco, Newport Beach, Calif., and Washington, D.C….
Meanwhile, Thelen Reid Brown Raysman & Steiner bumped its entry-level salaries in late February to $105,000 in Hartford, up from $97,500 the year before. That followed an earlier announcement from the firm that it increased rookie compensation to $160,000 in New York and $145,000 in its California, Washington, D.C., and New Jersey offices — decisions that closely mirror the maneuverings of other national firms.
But this was back in March. Has there been significant salary movement in Connecticut since then? If not, any thoughts on if and when CT associates will see their base salaries increase?
Please discuss in the comments. Thanks.
Conn. Big-Law Associates in Line for More Money [Connecticut Law Tribune (subscription)]