Associates at DLA Piper are receiving a 10 percent pay raise that will return salaries to their pre-recession levels, the firm announced Thursday in an internal memo.
The pay increase puts first-year associates salaries at $160,000 in major U.S. markets and $145,00 in secondary markets, the National Law Journal reports. DLA Piper had already raised salaries at its New York office to $160,000 back in January.
DLA Piper U.S. Managing Partner Terry O’Malley told National Law Journal the raises are not the result of a stronger job market, but was rather intended to retain mid-level associates. That led the firm to “implement raises for all associates instead of doing so piecemeal.â€
DLA Piper is one of the world’s largest law firms. It has 3,500 lawyers practicing in 67 offices in 29 countries.