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Median first-year associate salaries drop to $145,000

NALP survey finds that median pay for Big Law’s first years has fallen to 2007 levels

This summer, we reported that starting salaries for recent law school graduates were on the decline. Now, the NALP, the Association for Legal Career Professionals has more bad news: The median salary for first-year associates at large law firms is $145,000, a figure that was last seen in 2007.

The NALP reports in its 2012 Associate Salary Survey that in 2009, as much as two-thirds of Big Law’s first-year associates were earning $160,000 a year. But since then, the figures have dropped. Nationwide, in firms with more than 700 lawyers, 46 percent said they were paying first-year associates salaries of $160,000, compared with 54 percent in 2011 and 65 percent in 2009.

Ashley Post

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