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ARTICLE · 20 AUGUST 2021

Salary Increases Are Not Surprising

Pryor Cashman LLP
Pryor Cashman LLP
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Pryor Cashman LLP

Pryor Cashman LLP

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Managing Partner Ronald Shechtman discussed the impact of market pressures on compensation trends with Law360. A number of large law firms recently increased associate-level pay...

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Managing Partner Ronald Shechtman discussed the impact of market pressures on compensation trends with Law360. A number of large law firms recently increased associate-level pay significantly in response to market pressures, client demand, and more. According to Law360:

"I think the entire industry is affected when BigLaw makes these moves," said Ronald Shechtman, managing partner of Pryor Cashman LLP. But at the same time, he added, salary increases are also not a surprising response as Mid-Law itself has had a very profitable year.

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The managing partners at Pryor Cashman LLP and Benesch Friedlander Coplan & Aronoff LLP both told Law360 Pulse that they had increased their own associate salaries before Davis Polk unveiled its new scale.

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