Ed.
note:
Welcome
to
our
daily
feature,
Quote
of
the
Day.
You’re
getting
some
associate
rates
cresting
to
over
$1,000
an
hour,
as
much
as
some
junior
partners.
Those
more
senior
associates
—
that’s
where
you
saw
the
biggest
level
of
change.
—
Jennifer
McIver,
director
of
legal
operations
and
industry
insights
for
Wolters
Kluwer
ELM
Solutions,
in
comments
given
to
the
American
Lawyer,
on
one
of
the
major
findings
from
the
recently
released
ELM
Solutions
2024
Real
Rate
Report.
As
noted
in
the
report,
senior
associates
saw
the
biggest
rate
hikes
between
2023
and
2024,
with
the
top
third
quartile
of
associates’
rates
climbing
from
$735
to
$795
year
to
year.
On
average,
the
rate
for
all
associates
jumped
from
$579
to
$597
between
2023
and
2024.
Staci
Zaretsky is
a
senior
editor
at
Above
the
Law,
where
she’s
worked
since
2011.
She’d
love
to
hear
from
you,
so
please
feel
free
to
email
her
with
any
tips,
questions,
comments,
or
critiques.
You
can
follow
her
on Bluesky, X/Twitter,
and Threads, or
connect
with
her
on LinkedIn.