In 2007, first-year associate salaries in the U.S. topped $160,000 in 2007, as big-city firms tried to out-bid each other for the brightest law school graduates, while also trying to keep their best lawyers on staff with healthy pay raises and attractive bonuses. What a difference a year makes: today’s talk of recession has dampened speculation about the next big pay raise, and associates are under the microscope to justify such big salaries.