If memory serves, law firms raised associate salaries in 2005, 2006, and 2007 (and also one or two times between the dot com bust and 2005). The market cycle peak didn’t arrive till October 2007. Shorting the market, like beating it in general, is hard.https://twitter.com/davidlat/status/1003706633707507712 …
Replying to @greg_shill
My comment was a bit tongue in cheek (and I agree that trying to time the market is generally a bad idea; I've been selling mainly for other reasons). But this post from March 2017 explains my point better:https://abovethelaw.com/2017/03/could-biglaw-see-another-associate-pay-raise-followed-by-a-recession/ …
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