What Firms Pay Above Market?

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Anonymous User
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What Firms Pay Above Market?

Postby Anonymous User » Tue Jul 03, 2012 12:25 pm

And what is the approximate 1st year salary? (please include clerkship bonus separately if that is being factored in)

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Re: What Firms Pay Above Market?

Postby Anonymous User » Tue Jul 03, 2012 2:41 pm

Boies Schiller, for one. Not sure about the exact starting salary, though.

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vincanity1
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Re: What Firms Pay Above Market?

Postby vincanity1 » Tue Jul 03, 2012 2:44 pm

Anonymous User wrote:Boies Schiller, for one. Not sure about the exact starting salary, though.


I believe Boies starts at 174. I've also heard on here that Wachtell, Susman, Williams and Connolly pay above market

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fatduck
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Re: What Firms Pay Above Market?

Postby fatduck » Tue Jul 03, 2012 2:50 pm

Anonymous User wrote:And what is the approximate 1st year salary? (please include clerkship bonus separately if that is being factored in)

Kirkland pays supreme court clerks above market, approximately $465,000 w/ bonus

hope this helps guide your job search, mr. totally-needed-to-be-anonymous

HeavenWood
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Re: What Firms Pay Above Market?

Postby HeavenWood » Tue Jul 03, 2012 3:11 pm

Anonymous User wrote:Boies Schiller, for one. Not sure about the exact starting salary, though.

$174k.

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Re: What Firms Pay Above Market?

Postby Anonymous User » Tue Jul 03, 2012 6:30 pm

Kirkland & Ellis does.

itbdvorm
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Re: What Firms Pay Above Market?

Postby itbdvorm » Tue Jul 03, 2012 6:46 pm

vincanity1 wrote:
Anonymous User wrote:Boies Schiller, for one. Not sure about the exact starting salary, though.


I believe Boies starts at 174. I've also heard on here that Wachtell, Susman, Williams and Connolly pay above market


W&C I believe only pays above market salary (below market bonus).

Kirkland and Latham both generally pay above-market bonuses.

dixon02
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Re: What Firms Pay Above Market?

Postby dixon02 » Tue Jul 03, 2012 6:53 pm

According to its NALP page, W&C pays 180 but no bonus.

Magnificent
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Re: What Firms Pay Above Market?

Postby Magnificent » Tue Jul 03, 2012 6:54 pm

Anonymous User wrote:Kirkland & Ellis does.


LOL...no they don't

they base bonuses on hours and we've never gotten an accurate number of how much people got to bill to get those above market bonuses.....plus we don't know how many associates they give above market bonuses.....so it could be a statistically insignificant number for all we know

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Re: What Firms Pay Above Market?

Postby Anonymous User » Tue Jul 03, 2012 6:55 pm

Susman was at $260k last year for first years (160k base + 40k regular bonus + 50k clerkship bonus + 10k signing/vacation bonus).

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Re: What Firms Pay Above Market?

Postby Anonymous User » Tue Jul 03, 2012 7:18 pm

Magnificent wrote:
Anonymous User wrote:Kirkland & Ellis does.


LOL...no they don't

they base bonuses on hours and we've never gotten an accurate number of how much people got to bill to get those above market bonuses.....plus we don't know how many associates they give above market bonuses.....so it could be a statistically insignificant number for all we know



Yeah, well you're one of the most obnoxiously wrong posters on this forum and I'm an insider who knows, so we're in luck.

If you bill roughly 2,000 hours, you'll make a market bonus. If you bill above 2,100 hours, you'll make an above market bonus. Go higher and you'll make many multiples of the market. I made roughly 3.75x of the market last year and I was in the high 2,000s. The number isn't "statistically insignificant" because 90% of associates bill above 2,100 hours.

This is pretty well known per ATL and careers.abovethelaw.com.
Last edited by Anonymous User on Tue Jul 03, 2012 7:21 pm, edited 1 time in total.

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Re: What Firms Pay Above Market?

Postby Anonymous User » Tue Jul 03, 2012 7:20 pm

Anonymous User wrote:Susman was at $260k last year for first years (160k base + 40k regular bonus + 50k clerkship bonus + 10k signing/vacation bonus).


I don't understand. If first years were getting a clerkship bonus, how would they be first years? Susman doesn't give seniority?

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Re: What Firms Pay Above Market?

Postby Magnificent » Tue Jul 03, 2012 9:37 pm

Anonymous User wrote:
Anonymous User wrote:Susman was at $260k last year for first years (160k base + 40k regular bonus + 50k clerkship bonus + 10k signing/vacation bonus).


I don't understand. If first years were getting a clerkship bonus, how would they be first years? Susman doesn't give seniority?


I messed up (that was me as anon.....mistakenly pressed it).

I just used first year cause I forgot that after clerkships that folks are considered second years. So the number is actually gonna be $270k given the higher base.

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fatduck
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Re: What Firms Pay Above Market?

Postby fatduck » Tue Jul 03, 2012 9:41 pm

Anonymous User wrote:
Magnificent wrote:
Anonymous User wrote:Kirkland & Ellis does.


LOL...no they don't

they base bonuses on hours and we've never gotten an accurate number of how much people got to bill to get those above market bonuses.....plus we don't know how many associates they give above market bonuses.....so it could be a statistically insignificant number for all we know



Yeah, well you're one of the most obnoxiously wrong posters on this forum and I'm an insider who knows, so we're in luck.

If you bill roughly 2,000 hours, you'll make a market bonus. If you bill above 2,100 hours, you'll make an above market bonus. Go higher and you'll make many multiples of the market. I made roughly 3.75x of the market last year and I was in the high 2,000s. The number isn't "statistically insignificant" because 90% of associates bill above 2,100 hours.

This is pretty well known per ATL and careers.abovethelaw.com.

but kirkland isn't as preffffffffffffffftigious!!!!!11 it can't be true!

ahnhub
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Re: What Firms Pay Above Market?

Postby ahnhub » Tue Jul 03, 2012 9:50 pm

Is market bonus basically just what Cravath pays?

Magnificent
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Re: What Firms Pay Above Market?

Postby Magnificent » Tue Jul 03, 2012 10:52 pm

Anonymous User wrote:
Magnificent wrote:
Anonymous User wrote:Kirkland & Ellis does.


LOL...no they don't

they base bonuses on hours and we've never gotten an accurate number of how much people got to bill to get those above market bonuses.....plus we don't know how many associates they give above market bonuses.....so it could be a statistically insignificant number for all we know



Yeah, well you're one of the most obnoxiously wrong posters on this forum and I'm an insider who knows, so we're in luck.

If you bill roughly 2,000 hours, you'll make a market bonus. If you bill above 2,100 hours, you'll make an above market bonus. Go higher and you'll make many multiples of the market. I made roughly 3.75x of the market last year and I was in the high 2,000s. The number isn't "statistically insignificant" because 90% of associates bill above 2,100 hours.

This is pretty well known per ATL and careers.abovethelaw.com.


I wouldn't be getting giddy over a ~$28k bonus after killing yourself billing 2800 hours.

W&C is more prestigous than Kirkland and there is no billable requirement to making 180k as a first year. Susman pays 40-50k without a billable requirement. Plus I've talked to some Susman associates and they do about 2800 hours/yr and thought folks doing 3000 hours were crazy.

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Re: What Firms Pay Above Market?

Postby Anonymous User » Tue Jul 03, 2012 11:50 pm

Magnificent wrote:
Anonymous User wrote:
Magnificent wrote:
Anonymous User wrote:Kirkland & Ellis does.


LOL...no they don't

they base bonuses on hours and we've never gotten an accurate number of how much people got to bill to get those above market bonuses.....plus we don't know how many associates they give above market bonuses.....so it could be a statistically insignificant number for all we know



Yeah, well you're one of the most obnoxiously wrong posters on this forum and I'm an insider who knows, so we're in luck.

If you bill roughly 2,000 hours, you'll make a market bonus. If you bill above 2,100 hours, you'll make an above market bonus. Go higher and you'll make many multiples of the market. I made roughly 3.75x of the market last year and I was in the high 2,000s. The number isn't "statistically insignificant" because 90% of associates bill above 2,100 hours.

This is pretty well known per ATL and careers.abovethelaw.com.


I wouldn't be getting giddy over a ~$28k bonus after killing yourself billing 2800 hours.

W&C is more prestigous than Kirkland and there is no billable requirement to making 180k as a first year. Susman pays 40-50k without a billable requirement. Plus I've talked to some Susman associates and they do about 2800 hours/yr and thought folks doing 3000 hours were crazy.


Try double that and I billed way less.

W&C is definitely more "prestigious," (though, technically, per the Vault rankings, that isn't true) but I don't really care. I was top 40% of my class in law school, so I doubt I had a chance there or at Susman. Nor do I care. These three firms focus on entirely different aspects of law, so they're not even competitors. Perhaps the most obvious sign that I really don't care about Susman or W&C is that I do transactions, not litigation.

FYI: Just because these firms don't have an official hours requirement, that doesn't mean they're working less. I'd say that associates at all three firms work pretty comparable hours. The fact that you even mention that these firms have no "billable hour requirements" as a plus betrays that you're an ignorant shithead law student. Fuck, the fact that you even bothered to mention "prestige" to a big firm associate betrays that you're an ignorant shithead law student. Nobody gives a shit about that stuff when you're actually working.

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kwais
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Re: What Firms Pay Above Market?

Postby kwais » Tue Jul 03, 2012 11:58 pm

Exhibit 17 that Magnificent is the quickly climbing the ranks of TLS's worst posters

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Veyron
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Re: What Firms Pay Above Market?

Postby Veyron » Wed Jul 04, 2012 12:02 am

Duval & Stachenfeld

175k

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patrickd139
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Re: What Firms Pay Above Market?

Postby patrickd139 » Wed Jul 04, 2012 12:26 am

Veyron wrote:Duval & Stachenfeld

175k

Lawl. They hire from Hofstttra.

dixiecupdrinking
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Re: What Firms Pay Above Market?

Postby dixiecupdrinking » Wed Jul 04, 2012 12:37 am

patrickd139 wrote:
Veyron wrote:Duval & Stachenfeld

175k

Lawl. They hire from Hofstttra.

Last year it seemed like they were trying to have a two-track associate compensation scheme, with the 175 reserved for the select few graduates from top schools who might end up working there. Seems like a pretty toxic situation. But they do claim to offer 175k, yeah.

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Veyron
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Re: What Firms Pay Above Market?

Postby Veyron » Wed Jul 04, 2012 12:51 am

dixiecupdrinking wrote:
patrickd139 wrote:
Veyron wrote:Duval & Stachenfeld

175k

Lawl. They hire from Hofstttra.

Last year it seemed like they were trying to have a two-track associate compensation scheme, with the 175 reserved for the select few graduates from top schools who might end up working there. Seems like a pretty toxic situation. But they do claim to offer 175k, yeah.


Correct. And their summer program is only for the 175k track jobs.

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Re: What Firms Pay Above Market?

Postby r6_philly » Wed Jul 04, 2012 12:58 am

Desmarais 180.

Anonymous User
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Re: What Firms Pay Above Market?

Postby Anonymous User » Wed Jul 04, 2012 3:56 am

Veyron wrote:Duval & Stachenfeld

175k


the girls on their website are all pretty hot. a lot of hofstra and cardozo grads.

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kwais
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Re: What Firms Pay Above Market?

Postby kwais » Wed Jul 04, 2012 4:27 am

Anonymous User wrote:
Veyron wrote:Duval & Stachenfeld

175k


the girls on their website are all pretty hot. a lot of hofstra and cardozo grads.


oh my god, look at Mermelstein.




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