With all the salary wars among firms lately and firms knowing they need to stay on top of the market to attract and retain talent, would you ever either stay at a firm that didn’t participate in the comp increases or lateral to a firm that didn’t pay market? Why would you stay or move to a firm less than top of market?

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I’m currently doing that. I’m not sure how long I’ll stay, but for now I have a very flexible schedule, I’m completely remote, and I bill around 1800 a year. And I like my team members.

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I want this 🥲

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I think a lot of people discount how risk adverse most lawyers are. The unknowns of a new place often outweigh the shortcomings of an existing gig. Having to start over with building relationships and reputation, learning a new system, etc., are real costs that some don't see worth the extra cash when they already make way more than they need.

That said, feeling undervalued is a real cost, too. Knowing that your firm is capable of increasing (based on what partners take home) and choosing not to is not a good feeling. Also, if you care about prestige, as many lawyers do, you don't want to be at a firm that pays less. It feels very beta in a way.

I'm more in the latter category, but I don't have time and don't want to put in the work (updating resume, deal sheet, whatever) to search for something else. I just continue to hope this firm will step up eventually.

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I’m in the same boat. Updating resume is way more time consuming than I thought. And I’m already behind on hours this week so not very motivated to spend more time on updating materials after a long day.

There would need to be serious additional perks. Practically speaking, no. At most I’d stay temporarily out of laziness and then bounce to someone paying market.

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I am in that boat now. I think about leaving but I am already set up here and get left alone.

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If it’s the old market rates for less billables, I’d do that.

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