The #1 Reason Why Biglaw Clients Won't Be Fans Of The New $190K Salary Scale
Some clients still refuse to pay for the services of junior Biglaw attorneys, and this raise could exacerbate that trend.
I think a lot of clients, when they read about this, are going to scratch their heads. Clients frequently say that they have a hard time paying Am Law 100 associate rates, especially for a first- and second-year associate that they feel don’t have a lot of experience.
— Kent Zimmermann, a law firm management consultant at the Zeughauser Group, commenting on the corporate clients who will have to bear the brunt of Biglaw firms’ salary increases to the new $190K scale, which was implemented by Milbank earlier this week.
Is The Future Of Law Distributed? Lessons From The Tech Adoption Curve
Staci Zaretsky has been an editor at Above the Law since 2011. She’d love to hear from you, so please feel free to email her with any tips, questions, comments, or critiques. You can follow her on Twitter or connect with her on LinkedIn.
Sponsored
The Business Case For AI At Your Law Firm
Is The Future Of Law Distributed? Lessons From The Tech Adoption Curve
Legal AI: 3 Steps Law Firms Should Take Now
Early Adopters Of Legal AI Gaining Competitive Edge In Marketplace
Navigating Financial Success by Avoiding Common Pitfalls and Maximizing Firm Performance
The Business Case For AI At Your Law Firm
