Overpaid and overindulged...
How much do we think Mandy, Brian, Brittany and Ben give to charity?
Ah, it's time for my annual trip to the associate pay vomitorium.
In today's times, Ellen Rosen breathlessly discusses the fact that first year associates at big New York firms now start at 145,000 per year and that doesn't generally include a bonus which can add another five figures. Now it's not so much that I begrudge them the money, instead it's the reverence with which the times treats the absurd sums and the entitlement expressed by the 20-something recipients of the law firm largesse that really pisses me off.
The truth is, associate salaries aren't actually a proxy for skill or ability if they were, they wouldn't be about what a justice of the United States Supreme Court makes, or about twice as much as I made as the Trial Chief of one of the best public defender offices in the country. And while I don't regret a day of the nearly 15 years I spent being a PD, I am disturbed at what I think are the deeply perverse incentive structures that salaries like this create.
Posted by Indefensible at 8:34 PM