Biglaw, Money, New Jersey, Skaddenfreude

Nationwide Pay Raise Watch: Garden State Raises

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Time for a quick shout-out to our home state. From the New Jersey Law Journal:

It used to be that salaries for first-year associates at large firms remained intact for the year. No more.

Increasing pressures to match the pay offered elsewhere have impelled some New Jersey firms to a midyear hike, a sampling of large New Jersey law offices shows. (See chart.)

Day Pitney in Florham Park announced on July 27 it would increase first-year salaries to $135,000 in January 2008, a jump of $15,000.

Lerner, David, Littenberg, Krumholz & Mentlik in Westfield decided on July 1 to boost first-year salaries by $10,000, to $140,000, starting in January.

Lerner David’s pay level equals that of Lowenstein Sandler of Roseland as the highest among firms whose main office is in New Jersey. Lowenstein announced in June that first-year pay would increase to $140,000 in January, $15,000 above the level originally set earlier in the year….

Additional data points appear in the full article.
Large New Jersey Firms Approve Midyear Pay Hikes for Associates [New Jersey Law Journal]

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