Troutman Pepper Locke has announced it will bring associate compensation in line with market rates for its most junior lawyers. According to Above the Law, the firm will match market pay for the first four class years, a move that covers only a portion of its associate ranks.
Notably, the increase will not take effect until the calendar flips, meaning associates will have to wait until the start of the next year to see the change. The firm's decision leaves more senior associates out of the adjustment, a detail the source highlights as a caveat to the headline-grabbing announcement.