I believe our legal professionals know, based mostly on our historical past, that we not solely match however pay above market—that gained’t change. On the finish of the 12 months, our legal professionals will make greater than the going market fee.
[C]oming up with a number of bulletins simply doesn’t make sense from our standpoint. Our legal professionals know we are going to match and exceed market. [V]arious corporations say it’s X after which Y, we’ll simply wait to see the place the mud will settle.
— William Hartnett, chairman of the chief committee at Cahill Gordon & Reindel, commenting on the slowly unfolding 2022 Biglaw and boutique wage wars, and why his agency has but to announce a rise in affiliate salaries. “This can be a little bit uncommon for the way lengthy the mud is within the air versus settling,” Harnett famous on the delay in corporations matching the brand new wage scale. How lengthy will the agency wait to make its wage announcement? “We’ll know once we get there,” he mentioned.
Staci Zaretsky is a senior editor at Above the Legislation, the place she’s labored since 2011. She’d love to listen to from you, so please be at liberty to e-mail her with any ideas, questions, feedback, or critiques. You’ll be able to comply with her on Twitter or join together with her on LinkedIn.
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