dj_roomba wrote:Pardon my ignorance but does almost every other firm either match Cravath or offer lower?
I remember a link I saw here that had compensation for each and every firm. It was widely varied for the firms but it was pre-2007.
Are 50k-75k for first years unheard of now except for WRLK (do they even offer that?)
The market has historically been set by a small handful of firms in NYC and "matched" by over 90%+ of major law firms. Matched is in quotes because eligibility for bonuses can actually vary wildly, as can the percentage of associates meeting even identical targets.
50-75K bonuses were never realistic for first years. There may have been one year where the was a special bonus or something?
WLRK historically offers a large percentage (up to 100%) of base salary in bonus, and as others have pointed out a few other (small, relatively speaking) firms also offer potentially
above market bonuses. K&E and Quinn might be the largest firms which realistically offer an expectation of above market compensation (based on hours).