Chicago Biglaw salaries?

A forum for applicants and admitted students to ask law students and graduates about law school and the practice of law.
bobbyshmurdah
Posts: 6
Joined: Sun Feb 22, 2015 9:48 pm

Chicago Biglaw salaries?

Postby bobbyshmurdah » Mon Jun 15, 2015 12:11 am

Does anyone know what the lockstep salary is for years 1-7 at Chicago offices? How does this compare to NY?

User avatar
JohannDeMann
Posts: 13830
Joined: Wed Mar 12, 2014 4:25 pm

Re: Chicago Biglaw salaries?

Postby JohannDeMann » Mon Jun 15, 2015 12:22 am

A lot are the same. But some aren't. Perhaps you should be more specific.

bobbyshmurdah
Posts: 6
Joined: Sun Feb 22, 2015 9:48 pm

Re: Chicago Biglaw salaries?

Postby bobbyshmurdah » Mon Jun 15, 2015 1:00 am

Vault 30?

User avatar
2014
Posts: 5831
Joined: Sat Jun 05, 2010 3:53 pm

Re: Chicago Biglaw salaries?

Postby 2014 » Mon Jun 15, 2015 1:14 am

I'm almost positive that Skadden, Kirkland, Latham, Sidley, Jones Day, Ropes, Paul Hastings and Baker McKenzie all pay 160. There are others that pay 145 as you go further down the prestige chain.

I think the lockstep raises of the above firms mostly mirror NY market.

blackcup
Posts: 12
Joined: Fri Jun 12, 2015 4:38 pm

Re: Chicago Biglaw salaries?

Postby blackcup » Tue Jun 16, 2015 11:56 am

2014 wrote:I'm almost positive that Skadden, Kirkland, Latham, Sidley, Jones Day, Ropes, Paul Hastings and Baker McKenzie all pay 160. There are others that pay 145 as you go further down the prestige chain.

I think the lockstep raises of the above firms mostly mirror NY market.


V30 Chicago all pay 160K starting but none of the firms in Chicago are pure lockstep. Kirkland likely pays more, while others are more black box with their "modified lockstep" approaches.

User avatar
2014
Posts: 5831
Joined: Sat Jun 05, 2010 3:53 pm

Re: Chicago Biglaw salaries?

Postby 2014 » Tue Jun 16, 2015 12:19 pm

Isn't at least K&E the same until the "partner" stage? Not talking about bonuses.

User avatar
Cobretti
Posts: 2560
Joined: Tue Aug 21, 2012 12:45 am

Re: Chicago Biglaw salaries?

Postby Cobretti » Wed Jun 17, 2015 11:49 am

blackcup wrote:
2014 wrote:I'm almost positive that Skadden, Kirkland, Latham, Sidley, Jones Day, Ropes, Paul Hastings and Baker McKenzie all pay 160. There are others that pay 145 as you go further down the prestige chain.

I think the lockstep raises of the above firms mostly mirror NY market.

V30 Chicago all pay 160K starting but none of the firms in Chicago are pure lockstep. Kirkland likely pays more, while others are more black box with their "modified lockstep" approaches.

Skadden?

User avatar
JohannDeMann
Posts: 13830
Joined: Wed Mar 12, 2014 4:25 pm

Re: Chicago Biglaw salaries?

Postby JohannDeMann » Wed Jun 17, 2015 12:01 pm

2014 wrote:Isn't at least K&E the same until the "partner" stage? Not talking about bonuses.


I'm not aware of any Chicago firm that starts at 160 and doesn't follow lockstep. Not an expert on the issue, though. Not talking about bonuses because those are a different animal.

blackcup
Posts: 12
Joined: Fri Jun 12, 2015 4:38 pm

Re: Chicago Biglaw salaries?

Postby blackcup » Wed Jun 17, 2015 1:39 pm

JohannDeMann wrote:
2014 wrote:Isn't at least K&E the same until the "partner" stage? Not talking about bonuses.


I'm not aware of any Chicago firm that starts at 160 and doesn't follow lockstep. Not an expert on the issue, though. Not talking about bonuses because those are a different animal.


Sorry. I was talking about total comp and not salaries. My mistake.

User avatar
Cobretti
Posts: 2560
Joined: Tue Aug 21, 2012 12:45 am

Re: Chicago Biglaw salaries?

Postby Cobretti » Wed Jun 17, 2015 11:51 pm

blackcup wrote:
JohannDeMann wrote:
2014 wrote:Isn't at least K&E the same until the "partner" stage? Not talking about bonuses.


I'm not aware of any Chicago firm that starts at 160 and doesn't follow lockstep. Not an expert on the issue, though. Not talking about bonuses because those are a different animal.


Sorry. I was talking about total comp and not salaries. My mistake.

Cobretti wrote:Skadden?

User avatar
JohannDeMann
Posts: 13830
Joined: Wed Mar 12, 2014 4:25 pm

Re: Chicago Biglaw salaries?

Postby JohannDeMann » Thu Jun 18, 2015 12:00 am

I believe Skadden is NYC lock step.

User avatar
Cobretti
Posts: 2560
Joined: Tue Aug 21, 2012 12:45 am

Re: Chicago Biglaw salaries?

Postby Cobretti » Thu Jun 18, 2015 12:09 am

JohannDeMann wrote:I believe Skadden is NYC lock step.

(i know it is, it wasn't actually a question)

User avatar
JohannDeMann
Posts: 13830
Joined: Wed Mar 12, 2014 4:25 pm

Re: Chicago Biglaw salaries?

Postby JohannDeMann » Thu Jun 18, 2015 12:14 am

Cobretti wrote:
JohannDeMann wrote:I believe Skadden is NYC lock step.

(i know it is, it wasn't actually a question)


Cool - my mistake.

bloodorangedeer
Posts: 13
Joined: Mon Jun 08, 2015 10:37 am

Re: Chicago Biglaw salaries?

Postby bloodorangedeer » Thu Jun 18, 2015 3:41 pm

Top firms track w/ NYC. Considering how much cheaper living in the Chi is than NYC, seems like a great destination city for young associates...




Return to “Ask a Law Student / Graduate”

Who is online

Users browsing this forum: Baby Gaga and 4 guests