N.J. Firms Hike First-Year Pay, Bulk Up on New Hires

, New Jersey Law Journal

New Jersey's big firms are hiring larger classes of new associates and boosting first-year salaries by more than 10 percent. Salaries this fall will range from $95,000 to $130,000, and hires are up 19 percent from last year. New Jersey firms face competition from nearby New York firms, some of which boast a starting salary of $160,000. But Lowenstein Sandler managing partner Michael Rodburg tells laterals at New York firms that New Jersey firms have their employers beat on "lifestyle and opportunity bases."

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