Page 1 of 1
75k Starting: What's an estimated max if not making partner?
Posted: Sat Oct 27, 2012 3:37 pm
by Anonymous User
What it says. mid-level law firm in a secondary market, but they do have 200+ attorneys. They don't have lock-step and the evaluation process is pretty much a black box.
What do you guys think would be a reasonable expectation in terms of what an average attorney would be making there in 5-7 years (assuming you don't get the pay increase that comes with becoming an equity partner)?
Re: 75k Starting: What's an estimated max if not making partner?
Posted: Sat Oct 27, 2012 3:39 pm
by Anonymous User
Anonymous User wrote:What it says. mid-level law firm in a secondary market, but they do have 200+ attorneys. They don't have lock-step and the evaluation process is pretty much a black box.
What do you guys think would be a reasonable expectation in terms of what an average attorney would be making there in 5-7 years (assuming you don't get the pay increase that comes with becoming an equity partner)?
What kind of firm has 200+ attorneys but pays 75k? ID mill?
Re: 75k Starting: What's an estimated max if not making partner?
Posted: Sat Oct 27, 2012 3:42 pm
by dresden doll
I assume you'd top out at 200k at most. That's at least true of a couple of midlevel firms that I know of, and these are actually very successful and generate plenty revenue.
Re: 75k Starting: What's an estimated max if not making partner?
Posted: Sat Oct 27, 2012 3:51 pm
by Anonymous User
I am a bit perplexed? 1. When is 200+ lawyers classified as 'mid size?" and what market starts at 75K?
Re: 75k Starting: What's an estimated max if not making partner?
Posted: Sat Oct 27, 2012 6:24 pm
by TooOld4This
Expect a $3-5k raise per year if you are starting at $75k. If you aren't a superstar, you probably won't crack $100k before you leave.
If it is a plaintiff's side firm that ties bonuses to case outcomes, then all bets are off, though -- but I doubt that's what you are talking about if it is a 200 attorney firm.
Re: 75k Starting: What's an estimated max if not making partner?
Posted: Sat Oct 27, 2012 7:30 pm
by Anonymous User
OP here.
To clarify a few things:
Anonymous User wrote:what market starts at 75K?
Market isn't 75k, Market is somewhere between 115-130k.
TooOld4This wrote:
If it is a plaintiff's side firm that ties bonuses to case outcomes, then all bets are off, though -- but I doubt that's what you are talking about if it is a 200 attorney firm.
That's Correct - it's not a plaintiff's firm, I'd say they do about 5% of plaintiff's work, at most. It's confusing the crap out of me because I think it's a really abnormal setup - Which is also why I'm hesitant to give out too much info.
Anonymous User wrote:
ID mill?
By ID mill, I'm assuming you mean insurance defense? If so, nah, they're a full service firm.
Re: 75k Starting: What's an estimated max if not making partner?
Posted: Sat Oct 27, 2012 8:09 pm
by Wile E.
Op: Are you by chance talking about siegfried bingham?
Re: 75k Starting: What's an estimated max if not making partner?
Posted: Sun Oct 28, 2012 2:55 pm
by Anonymous User
Wile E. wrote:Op: Are you by chance talking about siegfried bingham?
OP Here.
I had to look them up, Seigfreid Bingham out of KC? No, sorry.
edit: but i don't really like the guessing game - kind of goes against the anonymous post idea.
Re: 75k Starting: What's an estimated max if not making partner?
Posted: Sun Oct 28, 2012 3:01 pm
by Wile E.
Just wondering, because if so, they are a great firm and it sounds like the firm you are considering is very similar. Sometimes, these "medium-sized" firms will have a faster partner track to make their firm attractive to top students despite an initial salary that is lower than bigger firms. At least in my market, these firms like to advertise a 5 year partnership track. So that is something you may want to find out about that might sweeten the deal for you.
Re: 75k Starting: What's an estimated max if not making partner?
Posted: Sun Oct 28, 2012 5:32 pm
by dreakol
Wile E. wrote:Op: Are you by chance talking about siegfried bingham?
they have like 30 attorneys..
Re: 75k Starting: What's an estimated max if not making partner?
Posted: Sun Oct 28, 2012 5:48 pm
by 3ThrowAway99
Anonymous User wrote:I am a bit perplexed? 1. When is 200+ lawyers classified as 'mid size?" and what market starts at 75K?
Re: 75k Starting: What's an estimated max if not making partner?
Posted: Sun Oct 28, 2012 10:14 pm
by Wile E.
dreakol wrote:Wile E. wrote:Op: Are you by chance talking about siegfried bingham?
they have like 30 attorneys..
Oops, all I read was midsized and 75k, assumed between 40-100 attorneys. 200 is pretty big to be called medium sized.
Re: 75k Starting: What's an estimated max if not making partner?
Posted: Sun Oct 28, 2012 10:26 pm
by TTRansfer
I would think you'd see something like a 5% raise each year.
Re: 75k Starting: What's an estimated max if not making partner?
Posted: Mon Oct 29, 2012 2:12 am
by los blancos
Lawquacious wrote:Anonymous User wrote:I am a bit perplexed? 1. When is 200+ lawyers classified as 'mid size?" and what market starts at 75K?
I thought ~50-250 lawyers was firmly MidLaw, barring NYC market pay.
Re: 75k Starting: What's an estimated max if not making partner?
Posted: Mon Oct 29, 2012 1:34 pm
by gdane
Is this a Miami firm?
Re: 75k Starting: What's an estimated max if not making partner?
Posted: Mon Oct 29, 2012 2:50 pm
by CanadianWolf
Why not ask the law firm in question if you've already received an offer. Also, the firm may offer a base plus a percentage of billables received.