This question gets debated endlessly in the comments here at ATL. Readers argue about real estate prices, billable hour requirements, and the cost of a round of drinks in different cities. Sadly, there’s often a lack of hard data in these disputes.
Well, now we have some real information, courtesy of the National Law Journal:
It may be a stretch to argue that beginning lawyers at big law firms need more money, but those practicing in New York could make a strong case for a raise….
Several big law firms in the last few weeks have boosted salaries for first-year associates in large cities in the West to match the $160,000 that their New York beginners receive.
A “nationalization” of their practices is the reason many firms give for paying the same amounts in different locations. But a look at the cost-of-living differentials shows that the copycat compensation is creating some significant pay disparities among associate ranks.
Discussion continues after the jump.