Summary
- Sheppard has announced plans to increase associate salaries starting in 2027, marking a significant shift in Biglaw compensation.
- Paul, Weiss becomes the second major firm to stop reporting financials in the past month, raising eyebrows in the legal community.
- The trend of rising salaries reflects associates' growing demands for higher pay amidst changing market dynamics.
- This evolving salary landscape could reshape recruitment and retention strategies across the legal industry.
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