Bruce MacEwen takes associate salary issue to the level of Great Debate

Posted on April 2, 2006 by Gerry Riskin

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My post earlier today, The Wall Street Journal Blasts Law Firm Salaries Arms Race plus the comments of Larry E. Ribstein in his Ideoblog post Why are law firm associates paid so much? seem to have inspired a nice piece of analysis by Bruce MacEwen in his resulting post, Associate Salaries: The Great Debate.

Bruce refers to Cameron Stracher's analysis in his article in today's Wall Street Journal as "economically flawed" and goes on to say that "he misses the fundamental economic rationale" that Larry identifies. Bruce feels compelled to "correct" Stracher's comment about the profitability of an associate at the new starting salary.

Wait no longer - enjoy Bruce's post — let the discussion continue — this is getting interesting!!

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