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Corporate Clients Take Note as More Firms Announce Associate Raises
The latest round of associate salary raises is spreading like a virus through California's biggest firms -- and it has some corporate counsel feeling a little queasy. Just days after three big California-origin law firms raised starting pay to $160,000 for in-state associates, Latham & Watkins, Gibson Dunn & Crutcher and Paul Hastings followed suit on Tuesday. The rash of raises has some big-firm clients worried. "There seems to be no end in sight," said one.