Big Shrimpin wrote:Hutz_and_Goodman wrote:I find it really hard to believe that NYC big law will hit the 10 year mark without any raise in 1st year comp. The number of law grads is way down and the percentage of law grads who want to and can do the work needed is (conservatively) less than 20% of grads.
what's the source of pressure to raise base comp?
firms don't give AF cuz they're still gonna get top talent
and at a time when firms are racing to increase PPP, decrease costs and retain clients who don't want to pay for training juniors, there's just absolutely no reason to raise base comps for juniors
fck, before that happens I could see some sort of TTT "apprenticeship" where firms have a tranche of juniors that get paid like 80K to battle each other for a small % chance at a midlevel-esque position that starts at like 200K or something
Ask and you shall receive