Are Salary Hikes Necessary?

Several consultants seem to think so. They argue that the dramatic growth in law firm size has increased the demand for top talent. So has the dramatic increase in law firm profitability (in 1986 only 2 law firms had gross revenues in excess of $100 million; in 2005, 184 law firm exceeded that figure.)

Will $10,000 of pretax income cause a law student to choose one firm over the other? Perhaps. But surveys consistently show that today’s law school graduate are much more concerned about quality of life.

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