NY Biglaw Actual Pay Forum

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NY Biglaw Actual Pay

Post by Anonymous User » Wed Aug 19, 2015 6:46 pm

I know first year associates in NY make $160k + bonus, but I'm curious about what the actual take home amount is for people.

Things I'd like to know:
- Do you get paid weekly, bi-monthly, monthly, etc...
- What is your approximate net income
- Single/Married/Dependents
- How much do you spend in rent

Thanks in advance for the info!

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Re: NY Biglaw Actual Pay

Post by Anonymous User » Thu Aug 20, 2015 11:08 pm

Would also like to know. Also, how do bonuses work / how much are they typically for NY firms?

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lhanvt13

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Re: NY Biglaw Actual Pay

Post by lhanvt13 » Fri Aug 21, 2015 12:17 am

Can we get responses for all major cities? Very curious

RaceJudicata

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Re: NY Biglaw Actual Pay

Post by RaceJudicata » Fri Aug 21, 2015 12:25 am

search "take home pay calculator" and plug in the state. ADP has one that I have found to be pretty accurate for past jobs. Can break it down length of pay period, etc.

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Re: NY Biglaw Actual Pay

Post by Anonymous User » Fri Aug 21, 2015 12:48 am

Shit I Just did ADP and came out to only 95k a year (single, no dependents). That is depressing.

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cookiejar1

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Re: NY Biglaw Actual Pay

Post by cookiejar1 » Fri Aug 21, 2015 1:06 am

But did you put 190K in?

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lhanvt13

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Re: NY Biglaw Actual Pay

Post by lhanvt13 » Fri Aug 21, 2015 4:33 am

cookiejar1 wrote:But did you put 190K in?
Asking the important questions.

mr.hands

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Re: NY Biglaw Actual Pay

Post by mr.hands » Fri Aug 21, 2015 5:21 am

Anonymous User wrote:Shit I Just did ADP and came out to only 95k a year (single, no dependents). That is depressing.
95 is consistent with what I've heard. Not a lot for a place like NYC

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Re: NY Biglaw Actual Pay

Post by Anonymous User » Fri Aug 21, 2015 5:24 am

95k is not a lot but it seems that for many associates the only real nondebt payment expenditure is rent.

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Re: NY Biglaw Actual Pay

Post by Anonymous User » Fri Aug 21, 2015 9:13 am

95k, in my pocket, is a LOT of money.... At least to me it is.

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JamMasterJ

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Re: NY Biglaw Actual Pay

Post by JamMasterJ » Fri Aug 21, 2015 9:15 am

I'd always heard (and calculated) that NY is more like 105K?

mr.hands

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Re: NY Biglaw Actual Pay

Post by mr.hands » Fri Aug 21, 2015 9:37 am

JamMasterJ wrote:I'd always heard (and calculated) that NY is more like 105K?
I've heard 95ish. Did you account for 10% state tax?

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Re: NY Biglaw Actual Pay

Post by Anonymous User » Fri Aug 21, 2015 9:40 am

I just calculated 160k on a payroll calculator and it would be around 102k a year in NYC

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Hutz_and_Goodman

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Re: NY Biglaw Actual Pay

Post by Hutz_and_Goodman » Fri Aug 21, 2015 9:43 am

What is take home if married?

Also I agree this should be based on new base of 190k

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JamMasterJ

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Re: NY Biglaw Actual Pay

Post by JamMasterJ » Fri Aug 21, 2015 10:47 am

mr.hands wrote:
JamMasterJ wrote:I'd always heard (and calculated) that NY is more like 105K?
I've heard 95ish. Did you account for 10% state tax?
I think it took into account both state and fucking NYC tax. Did the state rate get raised or something? ETA: Yeah I'm getting about 98, though it's close to 105 assuming a 10k bonus, so maybe that's what I was using last time I looked. Market bonus is a foregone conclusion in the group I'm joining.
Last edited by JamMasterJ on Fri Aug 21, 2015 10:50 am, edited 1 time in total.

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Re: NY Biglaw Actual Pay

Post by legends159 » Fri Aug 21, 2015 10:48 am

Anonymous User wrote:I just calculated 160k on a payroll calculator and it would be around 102k a year in NYC
~$100K is more accurate; the person posting $95K is likely accounting for medical/dental and probably commuter costs; possibly even FSA medical. Most firms have shitty medical and the premium is around $300-500/mo and much more if you have dependents (I was paying over $1K/mo to get my spouse/kid on insurance).
Last edited by legends159 on Fri Aug 21, 2015 10:51 am, edited 1 time in total.

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Re: NY Biglaw Actual Pay

Post by Anonymous User » Fri Aug 21, 2015 10:51 am

What? I thought full medical was fairly standard.

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legends159

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Re: NY Biglaw Actual Pay

Post by legends159 » Fri Aug 21, 2015 10:52 am

Anonymous User wrote:What? I thought full medical was fairly standard.
LOL No. Also expect high deductibles. I've since gone in-house where full medical is standard and no deductible - saving me $15K a year on medical alone.

orangecup

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Re: NY Biglaw Actual Pay

Post by orangecup » Fri Aug 21, 2015 11:41 am

It's around 8.2k/month for a single person.

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Re: NY Biglaw Actual Pay

Post by Anonymous User » Sat Aug 22, 2015 9:22 am

Person who calculated 95 k here. My bad, I didn't include a bonus, just used a base of 160k.

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Pneumonia

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Re: NY Biglaw Actual Pay

Post by Pneumonia » Sat Aug 22, 2015 9:58 am

Anonymous User wrote:95k, in my pocket, is a LOT of money.... At least to me it is.
It's not in your pocket if you have loans.

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Re: NY Biglaw Actual Pay

Post by Anonymous User » Sat Aug 22, 2015 10:12 am

orangecup wrote:It's around 8.2k/month for a single person.
Just 8.2k/month to work 16 hour days and sometimes on weekends, where I would be made to feel guilty for taking 2 weeks vacation of the 4 weeks I am allowed, with no time for family, friends, holidays etc. ?

At that rate, I would rather be self-employed.

legends159

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Re: NY Biglaw Actual Pay

Post by legends159 » Sat Aug 22, 2015 12:26 pm

Most lawyers aren't creative, innovative or entrepreneurial enough to be self employed so we just grind away for our $8,200 a month until we can't anymore.

dixiecupdrinking

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Re: NY Biglaw Actual Pay

Post by dixiecupdrinking » Sat Aug 22, 2015 12:37 pm

It's a ton of money and almost definitely more than any of you can make in any other way. Jesus Christ.

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UnfrozenCaveman

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Re: NY Biglaw Actual Pay

Post by UnfrozenCaveman » Sat Aug 22, 2015 2:26 pm

How many threads in this forum ask what take home pay is on 160 in NYC while others lash out when people complain about how much their actual pay is?

Seriously? What are you waiting for?

Now there's a charge.
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