Lateral movement among senior associates is also on the rise in New York as well as Chicago, according to a look at seven key markets by Major, Lindsey & Africa.
While associate compensation is on an upward trajectory across the nation, those based in New York, Boston, Chicago, Los Angeles, Atlanta, San Francisco, and Washington, D.C., are seeing the most notable increases in payouts, according to a recent report from global legal recruitment firm Major, Lindsey & Africa.
Overall, said executive director of MLA’s associate practice group Nathan Peart, the market is still showing a strong demand for talent, which will drive salaries and compensation, although he is beginning to see signs that firms have more power in the hiring market compared to lateral candidates in the associate ranks.
