It's tempting to counter by citing the "lucrative" special case: The top 5-10% of T14 law schools who receive entry-level associate salaries of $160K/year base + bonus.
However, pricing power appears limited, creating a ceiling on wage increases. To this point, Vault100 firms have recently trickled out pay increases to $180K/year for incoming associates. Clients have laughed and said, "Good for your employees, but you're not passing those costs onto us!" [0]
However, pricing power appears limited, creating a ceiling on wage increases. To this point, Vault100 firms have recently trickled out pay increases to $180K/year for incoming associates. Clients have laughed and said, "Good for your employees, but you're not passing those costs onto us!" [0]
[0] http://on.wsj.com/28LIgM6