Philadelphia-based firm Montgomery, McCracken, Walker & Rhoads will raise first-year associate pay to $125,000 annually as of September 1st. The change keeps pace with earlier moves by other Philly firms. Montgomery, which has five offices in Pennsylvania, New Jersey, and Delaware, currently employs 170 attorneys, but will look to grow the number “comfortably over 200 attorneys,” according to chairman Stephen A. Madva.
Source: www.law.com