Venable to raise first-year associates’ salaries?
January 30, 2008
The appropriate people from Venable aren’t getting back to me on this — I’ve been trying since last week — but word is they’re raising starting salaries for first-year associates to $160,000 as of the fall. This year, starting salaries were $145,000.
The firm that may be Venable’s top competitor for talent in Baltimore, DLA Piper, says it’s finalizing starting salaries and bonuses and will probably have a number today.
No word yet on what some of the other major Maryland firms are doing yet — for Pete’s sake, it’s January! — but I’ll keep you posted as I learn more.
CARYN TAMBER, Legal Affairs Writer
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I’ve never seen someone as overpaid as a first year at a large law firm. I would never allow a first year to bill time to my company.
I can think of no one as overpaid as a first year at these large firms. When we hire counsel, I do not allow first years to work on cases on an hourly basis because of the lack of knowledge and experience.