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Coach
I'm honestly not sure... it makes sense for there to be a split in comp in big law firms I think...
But I can't imagine why a big law firm would affirmatively come out as the first firm to be below market this quickly. It just doesn't make sense unless it's a mistake/oversight...
Coach
🤷♀️Idk, it's been confusing with all of the raises and re-raises. Especially since the junior rates didn't change on this last go-round.
I could almost see the comp getting submitted for approval last week and then accidentally getting sent out once it was approved. I find partners are much less focused on tracking associate pay increases than associates are.
Enthusiast
Arnold POORter
RS is usually pretty quiet. I know they matched last year's market (from a friend in their NY office) at all locations, but it never made it to ATL. They were slow to match last year, but my friend (NEP) said they are internally commited to moving up a tier in terms of prestige in the next few years (I guess they have a 4 year plan). I would expect a match at some point, but will probably be later in the year. I always thought of them as more of a lifestyle firm, so good for their associates if they match.
It was only a matter of time before there was a split even in highly ranked and prestigious firms. A&P is (surprisingly given their notoriety) nowhere near as profitable as the heavy NY hitters. I’d assume this difference will grow in the years to come.
How do you know not match?
Coach
https://abovethelaw.com/2022/03/apks-raise-2022/
Friends at Reed Smith, Crowell, and JD says they aren't matching. None of those are particularly shocking.
All of the offices matched. Now, but with the new market $, it’s a different story. If what A3 says is right, hopefully we’ll see an announcement soon.
At Reed Smith but hasn’t heard anything one way or another yet, unless your friend has more inside info