Holland & Knight announced this week its plan to increase first-year associate salaries in its South Florida offices to $130,000. Besides implementing raises in FL, the firm is also raising salaries in NY to $160,000 and in Chicago, D.C., and LA to $145,000. This move will likely prompt other firms to boost FL salaries, but two NY-based firms already have pay a starting salary of $160,000. The two firms, Weil Gotshal & Manges and Boies Schiller & Flexner, are reported to pay the same in all of their offices.
Source: www.law.com