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NYC to $175k? Not flame.
| Overrated bateful associate | 04/24/14 |
| Wild boistinker | 04/24/14 |
| racy menage | 04/24/14 |
| saffron pungent crackhouse alpha | 04/24/14 |
| deep garnet rigpig | 04/24/14 |
| spectacular trailer park sweet tailpipe | 04/24/14 |
| deep garnet rigpig | 04/24/14 |
| Provocative stock car school cafeteria | 04/24/14 |
| saffron pungent crackhouse alpha | 04/24/14 |
Poast new message in this thread
Date: April 24th, 2014 12:53 PM Author: Overrated bateful associate http://www.newyorklawjournal.com/all-decisions/id=1202651702223/Midsize+Real+Estate+Firm+to+Offer+Big+Law+Salaries%3Fmcode=1202614928735&curindex=0 (http://www.autoadmit.com/thread.php?thread_id=2550726&forum_id=2#25438527) |
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Date: April 24th, 2014 1:04 PM Author: Wild boistinker Pls copy and paste txt, ty. (http://www.autoadmit.com/thread.php?thread_id=2550726&forum_id=2#25438587) |
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Date: April 24th, 2014 1:06 PM Author: racy menage "Duval & Stachenfeld, a 66-attorney real estate firm, is more than doubling its salary for starting associates to $175,000—above the large law firm standard—to compete with its rivals in attracting and retaining top talent.
...
Duval & Stachenfeld will pay all first-year associates $175,000 by summer 2015, he said, while the firm will start recruiting from law schools this summer.
Stachenfeld said the firm likely won't change how many first-year associates are hired—usually about six each year—and won't change its $228 hourly billing rates for first-year associates in real estate.
The firm will continue paying $15,000 above large firm salaries for the next two years. By the associate's fourth year, the salaries will level out to roughly equal those at large firms. Bonuses will be separate and likely comparable to the scale set by Cravath each year, he said." |
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Date: April 24th, 2014 1:43 PM Author: saffron pungent crackhouse alpha "and won't change its $228 hourly billing rates for first-year associates"
So:
(1) Sweatwhop, or
(2) Big rate jump in second year |
Date: April 24th, 2014 1:12 PM Author: deep garnet rigpig http://abovethelaw.com/2012/10/the-160k-plus-club-which-law-firms-pay-the-biggest-starting-salaries/
Bickel & Brewer: The firm just raised first-year salaries from $175,000 to $185,000.
Boies Schiller & Flexner: Another litigation powerhouse, BSF has an unusual compensation system that typically results in mega-bonuses for associates (especially hard-working ones). In terms of starting salaries, the firm pays a robust $174,000 a year. Read more about BSF in its ATL Career Center profile.
Desmarais LLP: We recently covered the IP litigation boutique’s decision to raise starting salaries from $160,000 to $180,000 per annum.
McKool Smith: The firm pays a total compensation package of $177,500 to first-year associates: a $165,000 base salary, a $10,000 signing bonus, and a $2,500 year-end bonus.
Susman & Godfrey: Another elite litigation boutique, Susman just squeaks on to the list. The firm pays a $160,000 salary, which is market, but it also pays a $5,000 signing bonus and $5,000 vacation bonus (plus generous merit bonuses for lawyers who have been with the firm more than a year). So Susman associates get $170,000 in guaranteed comp in their first year at the firm.
Wachtell Lipton: In addition to its super-sized year-end bonuses, the renowned M&A firm pays a starting salary of $165,000. Read more about WLRK in its ATL Career Center profile.
Williams & Connolly: The legendary litigation shop doesn’t pay associate bonuses, but it makes up for that with above-market base salaries. Associates at W&C start at $180,000.
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Date: April 24th, 2014 1:38 PM Author: spectacular trailer park sweet tailpipe Duval partner bro just started posting on ATL. It isn't the raise we need right now, but it's what we'll get (http://www.autoadmit.com/thread.php?thread_id=2550726&forum_id=2#25438761) |
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Date: April 24th, 2014 1:44 PM Author: deep garnet rigpig Would you mind providing a less cryptic version of your post? (http://www.autoadmit.com/thread.php?thread_id=2550726&forum_id=2#25438794) |
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Date: April 24th, 2014 1:47 PM Author: Provocative stock car school cafeteria tcr. This isn't anything to write home about. Now, if a normal biglaw firm does this for a large class then we might have something to talk about.
Also, this is a really weird scenario because their billing rates are SPS - about 33-50% less than what actual large firms would charge. So their partners are fine making far less. That's great, but if they were biglaw then most rainmaking partners would bolt. |
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Date: April 24th, 2014 1:44 PM Author: saffron pungent crackhouse alpha http://dovellaw.com/recruiting.php
"Our base salaries are among the highest in the country (starting at $187,500 for first years)." |