First Year Salaries Down at Big Firms, NALP Reports

The median salary for first-year associates at large law firms has decreased steadily within the past three years, The ABA Journal reports. Major markets such as New York and Chicago are still offering the standard BigLaw salaries, but the prevalence of such offers is declining according to research by the Association for Legal Career Professionals (NALP). The median first-year salary at firms of all sizes, however, has increased in the last year, based on a survey of 570 law firms.