Unexpected: Big Law Salaries Raised

Few anticipated this: Milbank kicked off salary raises for associates. The new range is from $235k to $455k. McDermott followed. Giving how Big Law operates, other large law firms and elite boutiques probably will match or exceed.

But all associates should hesitate to celebrate by purchasing new luxuries. With AI and other challenges to the business of these law firms associates' long-term employability is iffy. SCOTUS chief justice John Roberts, Paul, Weiss partner Brad Karp and Quinn Emanuel co-founder John Quinn all predict significant reductions in demand for junior lawyers. 

Right now the good times are rolling for Big Law. The leadership needs associates. But that situation could change soon enough.

In coaching, I guide clients to anticipate the bottom falling out of how they earn a living.

Careers? So Over. It’s about Earning a Good Living. No matter what.

Complimentary consultation. No Pressure. Street-smart Guidance. Contact Jane Genova janegenova374@gmail.com.


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