A new report from the National Association for Law Placement reveals that while $225,000 is often cited as the starting salary for BigLaw associates, the reality is more nuanced. The median base salary for first-year associates across firms is $200,000, with only 32% of surveyed firms offering the higher figure. This stagnation in salaries reflects a softened legal market, as increasing competition for talent has diminished in recent times. Notably, in certain markets like New York City and San Francisco, salaries can reach the reported $225,000, suggesting regional variance in pay scales.
Despite a perception that $225,000 is the common starting salary in BigLaw, median salaries show a more complex reality with many associates earning less.
According to the NALP report, the median base salary remains at $200,000 for first-year associates, indicating a stagnating market for legal salaries.
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