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I think if you have data about the market that justifies the market raise then go for it. If you don’t then I think that’s a big ask.
Rising Star
Ask, but be prepared to negotiate in case it is too big an ask. With smaller firms, finances can be tight behind the scenes. That said, for the right people, there’s a chance they will work with you on a solution.
Yes if needed to keep someone excellent. But the market raise mid year plus annual raise is a big ask. I’d shoot for raise to stay now but expect just a small annual raise in the next round.
40ish attorney firm and we regularly give all 3, but it’s not individualized — market raises and bonuses on a firm-wide basis, annual raise (step up on the scale) each year on anniversary of hire.