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Several large law firms are making sweeping changes to their multitier structure of associate compensation, either by standardizing pay for all U.S. associates across cities or giving pay bumps for associates in smaller cities.
The overall effect will likely lead to multiple ripples in the legal industry. As firms increase or standardize salaries for associates in smaller markets, even more young attorneys could look to relocate, especially as more firms look to hire remotely. Meanwhile, midsize or small firms in those secondary markets could also face more talent competition by name brands in Big Law.
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