Anticipated raise / lockstep in secondary market?

(On Campus Interviews, Summer Associate positions, Firm Reviews, Tips, ...)
Forum rules
Anonymous Posting

Anonymous posting is only appropriate when you are revealing sensitive employment related information about a firm, job, etc. You may anonymously respond on topic to these threads. Unacceptable uses include: harassing another user, joking around, testing the feature, or other things that are more appropriate in the lounge.

Failure to follow these rules will get you outed, warned, or banned.
Anonymous User
Posts: 273139
Joined: Tue Aug 11, 2009 9:32 am

Anticipated raise / lockstep in secondary market?

Postby Anonymous User » Tue Feb 01, 2011 11:19 pm

I'm starting at a NLJ 250 firm in a secondary market where starting salary is 100k. Information about pay scale is not available for my firm (unlike V100 firms that are on Abovethelaw.com every day).

What should I anticipate as a raise from 1st to 2nd to 3rd year associate? The firm also pays annual bonuses, though I have absolutely no idea what range to expect.

posted annonymously to keep from outing myself

Anonymous User
Posts: 273139
Joined: Tue Aug 11, 2009 9:32 am

Re: Anticipated raise / lockstep in secondary market?

Postby Anonymous User » Tue Feb 01, 2011 11:22 pm

Also very, very curious about this. I'm likely going to be doing 1L SAs with some southern firms paying in the 100-120 range, but can't seem to find any salary/bonus info on them. Is it available at all online or is this the kind of thing one needs to network to figure out?

Anonymous User
Posts: 273139
Joined: Tue Aug 11, 2009 9:32 am

Re: Anticipated raise / lockstep in secondary market?

Postby Anonymous User » Tue Feb 01, 2011 11:25 pm

Depends so frickin much on the market and firm. In my target 2ndary it varies from 20k a year to just above the rate of inflation.

I have noticed that it tracks selectivity pretty closely unless killer partnership prospects compensate for the lack of progression.

chitown825
Posts: 339
Joined: Wed Jul 30, 2008 1:45 pm

Re: Anticipated raise / lockstep in secondary market?

Postby chitown825 » Tue Feb 01, 2011 11:27 pm

Anonymous User wrote:Also very, very curious about this. I'm likely going to be doing 1L SAs with some southern firms paying in the 100-120 range, but can't seem to find any salary/bonus info on them. Is it available at all online or is this the kind of thing one needs to network to figure out?


1. Being a 1L summer associate is never likely unless your father is a Supreme Court justice.
2. Networking is a buzz word they use to keep 1Ls docile once they realize there are no jobs.

But yeah, curious about the original post

Anonymous User
Posts: 273139
Joined: Tue Aug 11, 2009 9:32 am

Re: Anticipated raise / lockstep in secondary market?

Postby Anonymous User » Tue Feb 01, 2011 11:35 pm

chitown825 wrote:
Anonymous User wrote:Also very, very curious about this. I'm likely going to be doing 1L SAs with some southern firms paying in the 100-120 range, but can't seem to find any salary/bonus info on them. Is it available at all online or is this the kind of thing one needs to network to figure out?


1. Being a 1L summer associate is never likely unless your father is a Supreme Court justice.
2. Networking is a buzz word they use to keep 1Ls docile once they realize there are no jobs.

But yeah, curious about the original post


Wrong. I already have one 1L SA offer. T14 with good grades and ties works in markets where they hire 1Ls. I have interviews scheduled with 4 more firms in market, expecting 2 more interviews to be scheduled after updating with grades.
Also, networking for the sole purpose of getting a job isn't effective. Networking for professional information is effective, but it's sensitive to ask about salary info.

Still curious about secondary market salary info for large firms, as well.

User avatar
Veyron
Posts: 3598
Joined: Fri Jan 08, 2010 3:50 am

Re: Anticipated raise / lockstep in secondary market?

Postby Veyron » Tue Feb 01, 2011 11:36 pm

Anonymous User wrote:
chitown825 wrote:
Anonymous User wrote:Also very, very curious about this. I'm likely going to be doing 1L SAs with some southern firms paying in the 100-120 range, but can't seem to find any salary/bonus info on them. Is it available at all online or is this the kind of thing one needs to network to figure out?


1. Being a 1L summer associate is never likely unless your father is a Supreme Court justice.
2. Networking is a buzz word they use to keep 1Ls docile once they realize there are no jobs.

But yeah, curious about the original post


Wrong. I already have one 1L SA offer. T14 with good grades and ties works in markets where they hire 1Ls. I have interviews scheduled with 4 more firms in market, expecting 2 more interviews to be scheduled after updating with grades.
Also, networking for the sole purpose of getting a job isn't effective. Networking for professional information is effective, but it's sensitive to ask about salary info.

Still curious about secondary market salary info for large firms, as well.


Greedy associates used to post this, even if the info is a few years old you can still probably bet that increases remain roughly the same proportions of base salary and extrapolate.

Also curious, how high in the class did you need to be to nab this?

chitown825
Posts: 339
Joined: Wed Jul 30, 2008 1:45 pm

Re: Anticipated raise / lockstep in secondary market?

Postby chitown825 » Tue Feb 01, 2011 11:42 pm

I found this example of a V100 firm's lockstep table

Code: Select all

Class I – $160,000
Class II – $170,000
Class III – $185,000
Class IV – $210,000
Class V – $230,000
Class VI – $250,000
Counsel I – $265,000
Counsel II – $280,000
Counsel III – $290,000


I just want to see something similar for the large secondary market firms, which still have 300-500 lawyers but are located in places like Nashville instead of New York.

Anonymous User
Posts: 273139
Joined: Tue Aug 11, 2009 9:32 am

Re: Anticipated raise / lockstep in secondary market?

Postby Anonymous User » Tue Feb 01, 2011 11:59 pm

Veyron wrote:
Anonymous User wrote:
chitown825 wrote:
Anonymous User wrote:Also very, very curious about this. I'm likely going to be doing 1L SAs with some southern firms paying in the 100-120 range, but can't seem to find any salary/bonus info on them. Is it available at all online or is this the kind of thing one needs to network to figure out?


1. Being a 1L summer associate is never likely unless your father is a Supreme Court justice.
2. Networking is a buzz word they use to keep 1Ls docile once they realize there are no jobs.

But yeah, curious about the original post


Wrong. I already have one 1L SA offer. T14 with good grades and ties works in markets where they hire 1Ls. I have interviews scheduled with 4 more firms in market, expecting 2 more interviews to be scheduled after updating with grades.
Also, networking for the sole purpose of getting a job isn't effective. Networking for professional information is effective, but it's sensitive to ask about salary info.

Still curious about secondary market salary info for large firms, as well.


Greedy associates used to post this, even if the info is a few years old you can still probably bet that increases remain roughly the same proportions of base salary and extrapolate.

Also curious, how high in the class did you need to be to nab this?


Well, I'm not sure exactly where I stand. I have a 3.75 after one semester on a 3.3 curve, so I'm guessing I'm pretty far up rank-wise. However, the firms seem much more concerned about local ties than grades. They want to make sure one's grades are basically capable, then they look for ties/fit after that I suppose. The one offer I have isn't a top choice, so I don't really know how things will pan out in the end, but I'm confident.

Anonymous User
Posts: 273139
Joined: Tue Aug 11, 2009 9:32 am

Re: Anticipated raise / lockstep in secondary market?

Postby Anonymous User » Wed Feb 02, 2011 12:07 am

Yeah I go to a law school which is the only school in this mid-sized city. There are about 5 law firms with 150+ attorneys. Only one firm hired a 1L summer associate, and they hired her before we received any grades whatsoever. It was some girl who had lived in this town her whole life, so she probably knew somebody or did something sexual

Aqualibrium
Posts: 2011
Joined: Tue Feb 24, 2009 5:57 am

Re: Anticipated raise / lockstep in secondary market?

Postby Aqualibrium » Wed Feb 02, 2011 10:11 pm

Anonymous User wrote:Yeah I go to a law school which is the only school in this mid-sized city. There are about 5 law firms with 150+ attorneys. Only one firm hired a 1L summer associate, and they hired her before we received any grades whatsoever. It was some girl who had lived in this town her whole life, so she probably knew somebody or did something sexual



Please out this poster...




Return to “Legal Employment”

Who is online

The online users are hidden on this forum.