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[quote=Anonymous][quote=Anonymous]Every time a raise comes up, there's speculation that this will be the one that separates law firms more distinctly into salary tiers. I'm less convinced. Sure, my firm pays me a lot, but my total comp is still 1/8th of my realization. My firm's going to raise, they'd just prefer not to.[/quote]

You could be right, but a lot has ch aged since 2007 and the last raise.  There seems to be more stratification among firms and profit.  Back then associates largely did large doc reviews without as much reliance on vendors/contractors and certainly without predictive coding and the like.  Tech has also allowed some somewhat higher end work to be at least partly commoditized.  There are more boutiques that are capable of doing a lot of mid market work and in some cases high end work as long as massive scale isn't needed.  There is also more lateraling among rain makers, putting more pressure to maintain PPP.  Mid to bottom tier Biglaw just seems to be under a lot of pressure that will cause some firms to think twice about matching.  Maybe all or most will ultimately come through, but at some point McDermott, Pillsbury (chosen randomly), or the like might have to admit they can't keep up with Cravath, Skadden, etc[/quote]

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