Most Denver-based firms silent on first-year raises
By Tony Flesor
LAW WEEK COLORADO
Some Denver law firms are competing with BigLaw in raising their first-year associate salaries.
By now, almost all attorneys are aware of the swath of major law firms anchored on the coasts rushing to join each other at the top of the list for first-year associate pay.
For top-tier talent in New York or Los Angeles, law firms can now expect to pay up to $180,000. But in Colorado, where the cost of living and the cost of an attorney is lower, the competition is less fierce.
The trend started with Cravath, which on June 6 announced it would raise its first-year salaries to the $180,000 mark. Since then, a string of coastal firms announced plans to follow suit. Several law firms also extended that salary to their inland offices; according to Above the Law, Arnold & Porter, Cooley, Gibson Dunn & Crutcher, Haynes & Boone, Hogan Lovells, Morrison & Foerster and WilmerHale will offer the same salary to first-years in their Denver offices as well (in the case of Cooley, the Colorado office is located in Broomfield). Those firms did not comment, but WilmerHale did confirm that number.