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Thelen Reid Responds to Associate Raises With Two-Tier Pay Scale
On Friday, Thelen Reid Brown Raysman & Steiner became the last major California law firm to announce its response to the wave of associate salary increases. The firm has also created a two-tier compensation structure that pays most associates either $145,000 or $160,000, based on how many hours they work -- a system the firm says is a response to associates' concerns about work-life balance. Fenwick & West went to a similar system when it raised salaries in May -- but few other firms have elected to do so.