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Associates at DLA Piper are receiving a 10 percent pay raise that will return salaries to their pre-recession levels, the firm announced Thursday in an internal memo.
The pay increase puts first-year associates salaries at $160,000 in major U.S. markets and $145,00 in secondary markets, the National Law Journal reports. DLA Piper had already raised salaries at its New York office to $160,000 back in January.
DLA Piper U.S. Managing Partner Terry O’Malley told National Law Journal the raises are not the result of a stronger job market, but was rather intended to retain mid-level associates. That led the firm to “implement raises for all associates instead of doing so piecemeal.”
DLA Piper is one of the world’s largest law firms. It has 3,500 lawyers practicing in 67 offices in 29 countries.
