Ed. note: Welcome to our daily feature, Quote of the Day.
There are a number of reasons why base salary could go up next year, particularly if transactional flow increases next year over this year, which would lead to some firms becoming capacity constrained. [This] in turn would be more likely to lead to base compensation increases for associates.
— Kent Zimmermann, a consultant with Zeughauser Group, in comments given to the American Lawyer, on why salaries may increase for Biglaw associates sometime in 2025. Zimmermann went on to say that firms are likely to “wait and see” what unfolds in terms of supply and demand before any compensation decisions are made.
Staci Zaretsky is a senior editor at Above the Law, where she’s worked since 2011. She’d love to hear from you, so please feel free to email her with any tips, questions, comments, or critiques. You can follow her on X/Twitter and Threads or connect with her on LinkedIn.
