Quote of the Day - The less a man knows the bigger the noise he makes and the higher the salary he commands.
After a few stagnant years, salaries for first-year associates in big law firms are exploding. Starting pay just went up to an incredible $150,000 at some large firms. What is causing this first year salary boom? What do graduating law school students think about this? Who is going to pay for it?
My fellow Coast to Coast co-host and Law.com blogger Bob Amgrogi and I examine the reasons for these new salary heights with expert insight from Melissa Lennon of the Beasley School of Law at Temple University. Melissa is the Senior Director of the Temple Law (Temple University, James E. Beasley School of Law) School Office of Career Planning . Melissa is also a former practicing Attorney at a fairly large firm.
Our show also features Carey Bertolet, who as former commercial litigator, is now the Managing Director of BCG Attorney Search in the New York office, which recruits and advises many large firms on salaries and other issues. She has been recognized as an authority and is frequently contacted to comment on the trends in the legal hiring market.
Our final guest is my son, Michel Ayer, a student at the University of Iowa College of Law, who plans to graduate and start looking for a job next year. He is also a contributing writer for May It Please the Court. Michel won Best Advocate and Best Brief in the Jessup International Moot Court team and is consequently the Captain of Iowa's International Moot Court team. He is also written a Note for the Journal of Corporation Law and is pursuing a Master's degree in Urban & Regional Planning. This show gives an invaluable discussion for all firms looking for new talent and law students looking for jobs.