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[quote=Anonymous]Cravath just raised. Have to assume of the other top Biglaw firms will follow. But, I wonder if some firms finally admit that they can't afford to keep up with the Cravaths of the world and don't follow -- or at least don't follow fully. In years past, firms would be more likely to match for the junior years (to keep up with law school recruiting) but then skimp on more senior associates. But more senior folks are in greater demand and clients are really pushing back on paying for first year work. Curious to see how this all shakes out, but at least a lot of lawyers in the area are going to have something in celebrate in the coming days.[/quote]
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