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Latest Associate Pay Hikes Leave Corporate Clients Cold
While some law firms blame market demands for the latest associate salary increases, others cite pressure from clients, who expect firms to recruit graduates from the top of their class. But in trying to lure, and retain, fresh talent, firms have created resentment among corporate clients who want to stop their dollars from flying out the window. "At some point, we'll say we don't want any associates on our matters," said Steve Hantler, DaimlerChrysler's assistant GC for government and regulatory matters.