Following up on my previous post, Law Professor Pay Plummeted 30% This Decade While College President Pay Rose 20%:  Michael Simkovic (USC; Google Scholar), Double-Digit Drop in Real Law Professor Pay Confirmed by Second Data Source:

My previous post presented data showing that law professor pay has declined 24 percent in real terms from 2013 to 2022 using figures from the U.S. Department of Labor Bureau of Labor Statistics Occupational Employment and Wage Statistics Report. Restoring law professor pay to 2013 levels would require at least a 31 percent increase in pay, not counting inflation since 2022.

Several readers asked whether this extremely large drop in real pay might reflect a change in the relative seniority levels of law professors—for example, more clinicians and legal writing instructors or a higher ratio of junior faculty—rather than a decline in pay for tenured track doctrinal faculty after controlling for seniority.

This optimistic explanation is unlikely according to from a second source, the Society of American Law Professors (SALT). … SALT data shows a nearly identical drop from 2012-2013 to 2019-2020 (the most recent data available) of 12 to 13 percent at the mean and median across seniority levels. These figures include both salary and summer stipends. …

SALT data suggests substantial heterogeneity across schools in the extent to which pay has fallen behind inflation.  Data is not available from SALT for the highest ranked institutions, but anecdotal reports from readers, and my own experience, suggest that pay is both much higher and increases significantly faster at the highest ranked institutions.