So the legal sphere hasn’t looked all that great recently. But a new story from Above the Law shows recent signs of life. Two big law heavy hitters: Allen & Overy (now there’s a name for an OBGYN) and Akin Gump have “unfrozen” their salaries. Allen & Overy are also paying market level bonuses, citing better economic conditions. Keep reading for their bonus and base salary scale.
Of course, there is a catch; billable hours have been increased, too. But then, we always knew that a starting salary of $160,000 for people totally untrained to do a job had to come with a catch. It’s too early to tell if this will be a systemic change, but for at least some law firms, it looks like it will be a merry holiday season.