Starting salaries continue slide as big firm opportunities dry up

, The National Law Journal

   | 2 Comments

Research by NALP found that average starting salaries for members of the class of 2011 holding full-time jobs fell by 6.5 percent compared with the previous class, to $78,653 from $84,111. The median reported salary dropped by 5 percent, to $60,000 from $63,000.

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What's being said

  • Lulaine

    The law is going through major changes as more mergers happen, that means less employees and the ones that are employed are going to be getting paid really big money which will leave less money for people coming into the system. The law is finally experiencing what all the sectors of world are feeling and that is free-market capitalism. http://www.legalfunding.com/

  • Publicus

    This is a long-overdue correction in starting salaries. No freshly licensed attorney is worth $160,000 to start - regardless where they went to school. The smarmy prestige contests engaged in by the silk stocking Big Law firms both skewed the salary structure and gave the profession a bad name. Half that amount is what those budding aristos are worth. Finally, perhaps this will give pause on the part of many would-be law students that a law degree is simply no longer a cost effective way to six-figure salaries.

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