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Secondary Market Pay scale

Posted: Thu Aug 27, 2015 3:41 pm
by Anonymous User
Does anyone know what the pay scale is for biglaw in secondary markets?

I'm sure it varies widely, but I'm specifically looking for any info on Pittsburgh or Cleveland firms. I have offers in both cities and I would love to know what associates make down the road. Specifically, Jones Day, BakerHostetler, Reed Smith, and K&L. Thanks to anyone and everyone!

Re: Secondary Market Pay scale

Posted: Thu Aug 27, 2015 3:59 pm
by Anonymous User
My buddy is a 5th year in a different secondary market, and he says he makes slightly more than a first year in NY. His firm starts 1st years at 120k though, so I would imagine somewhere like Baker Cleveland that starts at 130k would end up paying a little more.

Re: Secondary Market Pay scale

Posted: Thu Aug 27, 2015 5:40 pm
by Anonymous User
thanks for that! does anyone else have any insight? even in other cities, which would likely provide similar data points

Re: Secondary Market Pay scale

Posted: Tue Sep 22, 2015 12:38 pm
by Anonymous User
bump--for Pittsburgh firms

Re: Secondary Market Pay scale

Posted: Tue Sep 22, 2015 2:26 pm
by Anonymous User
Fourth years in Atlanta, which pays $135k base, make $152k.

Re: Secondary Market Pay scale

Posted: Tue Sep 22, 2015 2:27 pm
by Anonymous User
Bump for Minneapolis.

Re: Secondary Market Pay scale

Posted: Tue Sep 22, 2015 2:37 pm
by Anonymous User
Anonymous User wrote:Fourth years in Atlanta, which pays $135k base, make $152k.
That's actually pretty surprising to me. I knew it wouldn't approach the NYC scale, but I assumed it would be at least a 5% raise every year

Re: Secondary Market Pay scale

Posted: Tue Sep 22, 2015 3:07 pm
by Anonymous User
Big firms in Nashville have moved to $120,000 starting (signing bonus/moving expenses on top of this). Most are still at $110,000.

Re: Secondary Market Pay scale

Posted: Tue Sep 22, 2015 3:16 pm
by Anonymous User
In terms of starting salaries I know in Pittsburgh starting market for the largest firms is between 135-145, but I have no idea where it goes from there

Re: Secondary Market Pay scale

Posted: Tue Sep 22, 2015 4:28 pm
by Anonymous User
This is sort of crazy to me that Pittsburgh and Cleveland start like 20k higher than Minneapolis, which has a higher Fortune 500 presence, bigger metro population, and always ranks as one of the most desirable cities to live (at least for bikers).

Re: Secondary Market Pay scale

Posted: Tue Sep 22, 2015 4:40 pm
by Anonymous User
I've never been to Minneapolis but I've never heard of it being a more desirable place to live than Pittsburgh (maybe Cleveland, though). In any case, I don't get why the starting salaries are so much lower there than other midwest cities

Re: Secondary Market Pay scale

Posted: Tue Sep 22, 2015 4:43 pm
by Anonymous User

Re: Secondary Market Pay scale

Posted: Tue Sep 22, 2015 4:46 pm
by Anonymous User
A partner at another Midwest regional firm (in a different city, but with similar starting pay to what's been listed for Pittsburgh) told me that in his final year as an associate before making partner, he made ~$260k total (salary + bonuses).

Re: Secondary Market Pay scale

Posted: Tue Sep 22, 2015 5:02 pm
by Anonymous User
It will be very tough for you to get hard answers because most secondary markets have non-lockstep compensation. As a result, even within a single firm in a single market, compensation among senior associates can vary widely.

That said, secondary markets are very compressed. Think 3-10% increases in total comp each year (often closer to low end).

Re: Secondary Market Pay scale

Posted: Tue Sep 22, 2015 5:12 pm
by Anonymous User
Anonymous User wrote:A partner at another Midwest regional firm (in a different city, but with similar starting pay to what's been listed for Pittsburgh) told me that in his final year as an associate before making partner, he made ~$260k total (salary + bonuses).
That is a super high number that I would not expect--I assume that is on like an 8-10 year partner track?

Re: Secondary Market Pay scale

Posted: Tue Sep 22, 2015 5:13 pm
by Anonymous User
You'll have to show this to the partners of Minneapolis firms and let me know how it goes :D :wink:

Re: Secondary Market Pay scale

Posted: Tue Sep 22, 2015 8:53 pm
by Jchance
Anonymous User wrote:Bump for Minneapolis.
starting salary is moving to $120k recently

Re: Secondary Market Pay scale

Posted: Tue Sep 22, 2015 9:06 pm
by Anonymous User
Is Detroit still considered 110? Or is it 105?

Re: Secondary Market Pay scale

Posted: Wed Sep 23, 2015 1:21 am
by Anonymous User
Anonymous User wrote:
Anonymous User wrote:A partner at another Midwest regional firm (in a different city, but with similar starting pay to what's been listed for Pittsburgh) told me that in his final year as an associate before making partner, he made ~$260k total (salary + bonuses).
That is a super high number that I would not expect--I assume that is on like an 8-10 year partner track?
Correct. Sounded great to me, too.

Re: Secondary Market Pay scale

Posted: Wed Sep 23, 2015 8:24 am
by Anonymous User
I am at one of the first mention in the OP. I start at $140. From what I've heard some people do not get a raise every year. Some people do. I'd imaigine that overall compensation would be like 200k+ by time you are in your fourth year, but I have no idea really.

Re: Secondary Market Pay scale

Posted: Wed Sep 23, 2015 10:30 am
by kcam1991
Does anyone know the typical Miami payraise schedule?

Re: Secondary Market Pay scale

Posted: Wed Sep 23, 2015 10:41 am
by Anonymous User
Anonymous User wrote:I am at one of the first mention in the OP. I start at $140. From what I've heard some people do not get a raise every year. Some people do. I'd imaigine that overall compensation would be like 200k+ by time you are in your fourth year, but I have no idea really.
Interesting--I thought just about every firm raised salaries on a yearly basis

Re: Secondary Market Pay scale

Posted: Mon Sep 28, 2015 5:36 pm
by Anonymous User
Starting salary is 135k in Atlanta, but a few offices start at 150k.

Re: Secondary Market Pay scale

Posted: Mon Sep 28, 2015 5:41 pm
by Anonymous User
Anonymous User wrote:Is Detroit still considered 110? Or is it 105?
Not sure exactly. there has been some movement recently but somewhere between 105 and 110 is the average starting salary. I know Foley detroit starts at 140, i think it's modified lock-step from there. So probably by your 4th year you're above 200. I would expect Jones Day to match that. Not sure what Gunderson will do.

Re: Secondary Market Pay scale

Posted: Mon Sep 28, 2015 6:04 pm
by Anonymous User
Anonymous User wrote:Starting salary is 135k in Atlanta, but a few offices start at 150k.
Namely, Paul Hastings and Jones Day. Perhaps some others as well?