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Has there been any talk of pay increase for DE firms?
Posted: Thu Sep 02, 2021 11:40 am
by Anonymous User
Almost all of the satellite offices of biglaw firms in Wilmington are paying market rate now, which puts them $30,000 above the Delaware firms. Has there been any talk of pay increase in these firms?
Does anyone know what prompts Delaware firms to raise their pay, whether it's time or how far they are from market rate?
Re: Has there been any talk of pay increase for DE firms?
Posted: Thu Sep 02, 2021 6:41 pm
by Anonymous User
Anonymous User wrote: ↑Thu Sep 02, 2021 11:40 am
Almost all of the satellite offices of biglaw firms in Wilmington are paying market rate now, which puts them $30,000 above the Delaware firms. Has there been any talk of pay increase in these firms?
Does anyone know what prompts Delaware firms to raise their pay, whether it's time or how far they are from market rate?
I summered at one and straight up asked this during my exit interview (this was probably dumb, in retrospect). The response was basically that they're waiting for another firm to do it first. Mexican standoff situation
Re: Has there been any talk of pay increase for DE firms?
Posted: Thu Sep 02, 2021 6:50 pm
by Anonymous User
TCR is to lateral to a national market-paying firm.
The work is still DE work and not portable, but it's a lot of cash for a small market.
Source: Ex-DE associate now in BigLaw
Re: Has there been any talk of pay increase for DE firms?
Posted: Fri Sep 03, 2021 2:26 pm
by Anonymous User
raised to 190K
Re: Has there been any talk of pay increase for DE firms?
Posted: Fri Sep 03, 2021 2:53 pm
by Anonymous User
MNAT increased first-year salaries to 190k today.
Re: Has there been any talk of pay increase for DE firms?
Posted: Sat Sep 04, 2021 1:20 pm
by Anonymous User
Anonymous User wrote: ↑Thu Sep 02, 2021 6:50 pm
TCR is to lateral to a national market-paying firm.
The work is still DE work and not portable, but it's a lot of cash for a small market.
Source: Ex-DE associate now in BigLaw
By Ex-DE now in biglaw, do you mean you used to be in one of the four DE firms but now at a Wilmington office of a biglaw firm, or did you lateral out of DE?
I know that DE bar admission gets no reciprocity, but other than that issue, do you know if there’s any work in DE market that’s portable to other markets?