tag:blogger.com,1999:blog-9203481901177661359.post6968751429249167695..comments2023-08-01T05:00:57.857-05:00Comments on Minnesota Lawyer Blog: Minnesota takes a breather from the big firm salary warsMark Cohen, editorhttp://www.blogger.com/profile/10119858489884538496noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-9203481901177661359.post-91781571045220977112008-02-28T00:17:00.000-06:002008-02-28T00:17:00.000-06:00Top Minneapolis firms are treading on thin ice if ...Top Minneapolis firms are treading on thin ice if they want to compete in a national legal marketplace. Most top students at my law school go either to Chicago and Minneapolis. Top Chicago firms pay out at $160K. Though there are some exceptions in the case of people (like myself) with a strong preference for the city of Minneapolis, most of the best from my (2L) year are going to Chicago. The primary reason I hear time and again is that debt-laden students just can’t justify giving up that extra $40K a year. It may be unreasonable that any brand-new lawyer could expect more than $120K per year, but we do not live in a reasonable world. In the real world, most people follow the money and if the best Minneapolis firms do not match their counterparts in other major cities then they won’t get enough of the top talent to remain competitive.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-9203481901177661359.post-83922336820164925752008-02-16T13:51:00.000-06:002008-02-16T13:51:00.000-06:00As a law student (OCI next year, so no dog in the ...As a law student (OCI next year, so no dog in the race yet), I'm happy to see Minnesota law firms showing some sanity on salaries. First, $120k is a darn good salary in this market. Second, maybe it means that Minnesota firms will be better positioned to ride through a recession. Finally, I agree that higher starting salaries would probably come with higher hours expectations, and I'd rather make $120k and see my family than $160k and live in my office.Anonymousnoreply@blogger.com