Ed. note: Welcome to our daily feature, Quote of the Day.
The salary increase for associates isn’t because the price of eggs or gas has gone up. Partners are saying to themselves, ‘We’re doing really well—and we should pass some of that along to the people who are helping us make all this money.’
— Peter Zeughauser, a partner at the Zeughauser Group consultancy, in comments given to Bloomberg Law, concerning the latest associate salary war that began with Milbank and has since spread to more than a dozen Biglaw and elite boutique firms. “The dramatic increases in what top partners are making are reported in the news and well-known to associates,” he said. “Too much disparity is bad for morale. What we’ve seen historically when this has happened, and what we’ve seen just now, is an associate pay increase.”
Staci Zaretsky is the managing editor of Above the Law, where she’s worked since 2011. She’d love to hear from you, so please feel free to email her with any tips, questions, comments, or critiques. You can follow her on Bluesky, X/Twitter, and Threads, or connect with her on LinkedIn.
The post When Partners Make Record Money, Associate Raises Usually Follow appeared first on Above the Law.
Ed. note: Welcome to our daily feature, Quote of the Day.
The salary increase for associates isn’t because the price of eggs or gas has gone up. Partners are saying to themselves, ‘We’re doing really well—and we should pass some of that along to the people who are helping us make all this money.’
— Peter Zeughauser, a partner at the Zeughauser Group consultancy, in comments given to Bloomberg Law, concerning the latest associate salary war that began with Milbank and has since spread to more than a dozen Biglaw and elite boutique firms. “The dramatic increases in what top partners are making are reported in the news and well-known to associates,” he said. “Too much disparity is bad for morale. What we’ve seen historically when this has happened, and what we’ve seen just now, is an associate pay increase.”
Staci Zaretsky is the managing editor of Above the Law, where she’s worked since 2011. She’d love to hear from you, so please feel free to email her with any tips, questions, comments, or critiques. You can follow her on Bluesky, X/Twitter, and Threads, or connect with her on LinkedIn.
The post When Partners Make Record Money, Associate Raises Usually Follow appeared first on Above the Law.
