Anonymous User wrote:Anyone have any idea what salaries are after the first year? i know a bunch of firms pay 130-140 the first, year, but what about after that?
Also, what are bonuses (including signing bonuses) like for Miami biglaw? TIA
First year, other than Boies at 174 (i think), Weil at 160 and W&C at 155, most firms are grouped between 135-145. After that the compression can vary a lot. At the mid and senior level, Weil and W&C have the highest salaries (Weil being on the NY scale and W&C having approx 12-15k raises each year after year 3 I think), although this excludes Boies, who I'm sure beats out Weil and W&C by some unknown amount. I think Greenberg the yearly raises are approx. 5k per year, which I think is closer to standard in Miami.
Miami's compression isn't as bad as Texas/GA from what I hear. From people I've spoken with who have left Miami to go to Atlanta or come from Atlanta/Texas, firms may start in the 130s/140s but the yearly raises are only a couple thousand.
I'd probably advise not asking about compression until you've got the offer. No harm waiting till then and focusing on that during the call back could potentially hurt. However, compression is a lot more important than a lot of law students realize.