Should I leave?
My firm just increased comp. for 1st years but raised comp. for all other years by a smaller amount (we’re talking third or less).
This seems like a blatant attempt to scoop new grads with the expectation of turnover or in the hopes they’ll feel stuck and stay. The pay compression feels obvious to me. Can we agree this is a red flag and that I should leave? TYIA!

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That’s pretty normal

likehelpful

Yeah I don’t see this as a reason to leave (unless you were already looking for a reason and just want the extra validation. In that case, yes! Agreed!)

like

Pay compression is already common and is getting more common. It’s my general understanding, through reading and my network, that very few firms are totally lock step for associate ranks (this appears to be true irrespective of whether the firm pays market). Agree with A1 that if you’re already looking for a reason to leave, sure. Otherwise, it’s normal

like

How much did your rate increase by?

like

Our firm did this too. It’s just the nature of the beast and not, in and of itself, a reason to leave.

Let me tell you the story about when I was counsel and the market raised comp across the board in the summer to such level that I was paid less than a senior associate for 6 months until I got a bump in the new year. And, yes, years 1-3 or 4 or so get the biggest bumps then in compresses dramatically. It’s been that was for decades, at least.

Your instinct is telling you to leave,so be it - leave

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