Will Associate Salary Raises Be Billed to Clients?

Some general counsel are grappling with how to respond to a recent round of salary hikes at law firms.

Bank of America’s GC David Leitch told some outside law firms his bills better not start increasing now, according to The Wall Street Journal .

“We... do not expect to bear the costs,” Leitch reportedly wrote in an email to the firms.

Here’s some background: Last week, Cravath, Swaine & Moore, followed by more than 50 law firms, raised associate pay by as much as $20,000 to $35,000 per associate. It’s not chump change but would it really show up on a ...