There are really just two kinds of law firms these days: Those that pay their associates at “market,” and those that don’t get anywhere near it. Duval & Stachenfeld is doing both. The 50-lawyer firm starts first-year associates at $60,000 — or $100,000 below the starting salary at many Am Law 100 firms. Mid-year and senior associates, however, are promised the same total pay — or more — that they’d earn at Latham & Watkins or Skadden Arps. Recruiters call it a novel approach.
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