Will Associate Raises Lead To An Exodus From New York?
Everywhere to $180K has a lot of repercussions.
I do expect a continued uptick in relocations out of New York City. This was already a trend before [the raises] happened, but I think it will accelerate the trend.
—Michael Jude Di Gennaro, senior director at Lateral Link, explaining why the #Everywhereto180 trend [Biglaw firms increasing salaries to the $180,000 scale in all their U.S. offices] is probably going to cause a lot of people to look for jobs in less expensive markets where they can still pull down MoneyLaw salaries.
