Ed. note: Welcome to our daily feature, Quote of the Day.
You’re getting some associate rates cresting to over $1,000 an hour, as much as some junior partners. Those more senior associates — that’s where you saw the biggest level of change.
— Jennifer McIver, director of legal operations and industry insights for Wolters Kluwer ELM Solutions, in comments given to the American Lawyer, on one of the major findings from the recently released ELM Solutions 2024 Real Rate Report. As noted in the report, senior associates saw the biggest rate hikes between 2023 and 2024, with the top third quartile of associates’ rates climbing from $735 to $795 year to year. On average, the rate for all associates jumped from $579 to $597 between 2023 and 2024.
A Career In Legal Services: Practising Law Institute Honors Toby J. Rothschild
PLI honors Toby J. Rothschild with its inaugural Victor J. Rubino Award for Excellence in Pro Bono Training, recognizing his dedication and impact.
Staci Zaretsky is a senior editor at Above the Law, where she’s worked 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 Bluesky, X/Twitter, and Threads, or connect with her on LinkedIn.