Biglaw Exit salary Forum
- starry eyed
- Posts: 2046
- Joined: Thu Nov 13, 2014 11:26 am
Re: Biglaw Exit salary
Ok so a biglaw refugee making 100k w/benefits is a somewhat desirable outcome. What does the guy who started in a 2-10 attorney firm make 5-6 years in if he starts at 60k?
- Lacepiece23
- Posts: 1396
- Joined: Thu Oct 27, 2011 1:10 pm
Re: Biglaw Exit salary
I can't speak but from anecdotal advice, but from what I've heard it depends. I think in law salary can be tied a lot more to skill than other professions. A great litigator who starts out small has a much higher ceiling than a shitty attorney who has zero court presence. Also, business development skills can tie into income a lot from what it seems. A lot of your options/salary by then will depend on how good of an attorney you actually are.starry eyed wrote:Ok so a biglaw refugee making 100k w/benefits is a somewhat desirable outcome. What does the guy who started in a 2-10 attorney firm make 5-6 years in if he starts at 60k?
- UnicornHunter
- Posts: 13507
- Joined: Wed May 01, 2013 9:16 pm
Re: Biglaw Exit salary
Agree with above, but it's going to be more than just skill that determines this... market, contacts, specialty, fee structure, etc....starry eyed wrote:Ok so a biglaw refugee making 100k w/benefits is a somewhat desirable outcome. What does the guy who started in a 2-10 attorney firm make 5-6 years in if he starts at 60k?
If you're at a small p side firm and you get a big contingency case, you can be a millionaire or broke after 5 years. There's no predictable way to answer this question without more information. On the other hand, if you're at a small family law firm and you start at 60k... you might be making 60k in 5 years. You eat what you kill.
- starry eyed
- Posts: 2046
- Joined: Thu Nov 13, 2014 11:26 am
Re: Biglaw Exit salary
Since you mentioned specialties, what are some of the more lucrative specialties for smaller firms? (disregarding outliers like PI plaintiff work and family law on the other end). Does litigation pay better? I've heard the general biglaw advice for secure exit options is to go with corporate transaction work. I appreciate the anecdotes.I can't speak but from anecdotal advice, but from what I've heard it depends. I think in law salary can be tied a lot more to skill than other professions. A great litigator who starts out small has a much higher ceiling than a shitty attorney who has zero court presence. Also, business development skills can tie into income a lot from what it seems. A lot of your options/salary by then will depend on how good of an attorney you actually are.
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