Denver Firms Face Salary Pressure from National Players

Denver firms are feeling pressure to raise starting salaries as national firms with Denver offices apply firmwide raises. Cooley Godward Kronish, Gibson Dunn & Crutcher, Morrison & Foer ster and Hogan & Hartson are four such firms that have raised first-year pay to $160,000 in all U.S. offices. In comparison, the largest local firms such as Holme Roberts & Owen and Brownstein Hyatt Farber Schreck pay between $105,000 and $110,000; out-of-state firms pay around $120,000. In thousands of dollars in debt, many recent grads seek out high-paying jobs to pay off their loans; local firms know this, hence the pressure to bump up salaries and remain competitive. However, local Denver firms have certain perks such as fewer billable hours requirements and a faster track to partnership, that for some outweigh the astronomical salaries at national firms.
Source: www.denverpost.com