By setting the starting salary at $210,000, Potter Anderson not only exceeds the national average for first-year salaries but also strategically positions itself amidst the escalating competition for legal talent, spurred by increasing inflation and the competitive pressures facing smaller firms.
Keeping Pace with Industry Standards
The National Association for Law Placement Inc.’s 2023 survey reveals a median first-year salary of $215,000 among firms with more than 1,000 lawyers. This benchmark reflects the broader industry trends necessitating salary adjustments across smaller law firms to remain competitive.
