According to a recent first-year associates’ salary survey done by NALP and published by National Jurist, salaries went up — and considerably so even in the teeth of COVID-19.
The median, as of January 1 of this year, was $165,000. That’s a $10,000 jump from two years ago, which represents a 6.5% increase. That’s well above the rate of inflation in 2020, which was 1.25%.
The not-so-good news? An ABA report shows that 77.4% of graduates of the Class of 2020 were employed in full-time, long-term, bar-passage required jobs 10 months after graduation. That’s down from the 80.6% from the previous class.
You can read the entire article and more details from the survey at this link.