Ed. note: Welcome to our daily feature, Quote of the Day.
Unlike in 2024, where there was a little bit of hesitation and it kind of took a longer time for some firms to increase salaries, I think we’re going to see a lot more firms matching faster.
This is about a long-term investment in the associates and so I think it is actually more indicative of a positive outlook for firms versus a one-time special bonus
— Summer Eberhard, a California-based legal recruiter at Lateral Link, in comments given to Bloomberg Law, concerning the financial gains Biglaw firms have made that may support a raucous round of summer salary wars, first started by Milbank and quickly matched by McDermott and Hueston Hennigan. “It’s interesting that Milbank came out with the raise instead of the bonus,” said Stephanie Biderman, an associate recruiter for Major Lindsey & Africa. “Maybe we still will [see that bonus], who knows?”
Staci Zaretsky is the managing editor of 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.