Midlaw Bonuses Forum
Forum rules
Anonymous Posting
Anonymous posting is only appropriate when you are revealing sensitive employment related information about a firm, job, etc. You may anonymously respond on topic to these threads. Unacceptable uses include: harassing another user, joking around, testing the feature, or other things that are more appropriate in the lounge.
Failure to follow these rules will get you outed, warned, or banned.
Anonymous Posting
Anonymous posting is only appropriate when you are revealing sensitive employment related information about a firm, job, etc. You may anonymously respond on topic to these threads. Unacceptable uses include: harassing another user, joking around, testing the feature, or other things that are more appropriate in the lounge.
Failure to follow these rules will get you outed, warned, or banned.
-
- Posts: 432496
- Joined: Tue Aug 11, 2009 9:32 am
Midlaw Bonuses
I've yet to find any reliable data on the bonuses associates receive at mid-law firms. Yet, I presume more than just biglaw associates read this site. The general consensus seems to be that compensation varies widely by firm. If any associates out there can speak to the bonus structures at their respective firms, I'm sure it would be greatly appreciated. It would probably help if you shared some information about your firm: # of lawyers, entry-level associate salary, type of market, type of work etc.
-
- Posts: 432496
- Joined: Tue Aug 11, 2009 9:32 am
Re: Midlaw Bonuses
I suspect you'll see a huge amount of variance firm-to-firm and especially market-to-market. I'll be at a midlaw IP boutique in a major market (NYC-DC-SF-Chi) that historically beats the Cravath bonus scale. Smaller firms have more flexibility to figure out the compensation system that makes the most sense for the market and their position in that market. If they specialize in a high margin, fast-growing practice, they might give good bonuses to attract better talent. If they can get sufficient talent without paying top dollar, then they won't pay top dollar.
-
- Posts: 432496
- Joined: Tue Aug 11, 2009 9:32 am
Re: Midlaw Bonuses
I haven't started at my mid law firm yet (60 attorneys) but I was told that it is typically 5%, more if you exceed billable hour expectations (1800). Base salary is 95. The firm has a small office in a market paying city but is based outside the city.
-
- Posts: 432496
- Joined: Tue Aug 11, 2009 9:32 am
Re: Midlaw Bonuses
Regional firm >150 attorneys, below "market" for the city my office is in for starting pay, no bonus whatsoever.
-
- Posts: 432496
- Joined: Tue Aug 11, 2009 9:32 am
Re: Midlaw Bonuses
35 attorneys, base salary is 135K for a second-year (which is market pay even for big law in region I'm in). No bonus.
Want to continue reading?
Register now to search topics and post comments!
Absolutely FREE!
Already a member? Login
-
- Posts: 432496
- Joined: Tue Aug 11, 2009 9:32 am
Re: Midlaw Bonuses
45 attorney firm. Bonuses vary by whim, generally anywhere from $3,000-10,000.
-
- Posts: 432496
- Joined: Tue Aug 11, 2009 9:32 am
Re: Midlaw Bonuses
Small firm (less than 10 attorneys). Base is $110,000. Bonus is based on what is collected on what you bill. First year there, pro-rated hours, $15,000 bonus.
-
- Posts: 432496
- Joined: Tue Aug 11, 2009 9:32 am
Re: Midlaw Bonuses
SF/LA midlaw, more than 50 attys, pays market salary. Bonus formula based on hours over target.
-
- Posts: 432496
- Joined: Tue Aug 11, 2009 9:32 am
Re: Midlaw Bonuses
Major market, boutique firm (>25, <100 attorneys), Cravath scale pay.
Firm had an OK year but not a blockbuster, still matched DPW bonuses.
Firm had an OK year but not a blockbuster, still matched DPW bonuses.
-
- Posts: 432496
- Joined: Tue Aug 11, 2009 9:32 am
Re: Midlaw Bonuses
Two plus years at 100 attorney firm, base is $85,000-$89,000 (below market), 1900 benchmark for $5,000 bonus.
-
- Posts: 432496
- Joined: Tue Aug 11, 2009 9:32 am
Re: Midlaw Bonuses
FL firm. Bonuses are discretionary. Billed 2000 hours. Got zero. Pissed.
-
- Posts: 432496
- Joined: Tue Aug 11, 2009 9:32 am
Re: Midlaw Bonuses
Only worked 4 months, 25-30 attorneys, small market. Starting salary of 70k. $500 dollar bonus.
Register now!
Resources to assist law school applicants, students & graduates.
It's still FREE!
Already a member? Login