Renzo wrote:IrwinM.Fletcher wrote:AllTheLawz wrote:
Wiley Rein in DC kind of does this. You can choose the 1800 billable tier and make $135k or the 1950 billable tier for $160k. I think a few others do it as well.
A 16% pay cut for billing 8% fewer hours doesn't seem like a great deal. Also, ditto SBL's cynicism on being able to effectively pace yourself for 1800 hours when most of your colleagues are gunning for more.
And, I'm gonna go ahead and guess that the bonus structure is different, so the pay cut is actually more than 16%.
Dont know about the bonus structure. If you choose the lower tier and happen to meet the 1950 hours you get deferred compensation. I was told a lot of people choose the lower tier and simple use deferred compensation as a form of savings. Wiley Rein is the type of firm where a lot of people head to gov't before they make partner so it wouldn't shock me if someone chose the lower tier, headed to gov't and then came back as a partner. DC just isn't as hour intensive as NYC in general.