Top plaintiffs' firms salary and bonuses?
Posted: Sat Sep 23, 2017 1:49 pm
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For a midlevel, the salary is near 145K or somewhat above. Don't know the bonus situation, but I think bonuses are substantial.Anonymous User wrote:Anyone know salary/bonus range at a firm like Robbins Geller?
I'm the second poster -- and I think I am the person to whom you are referring when you ask about a "poster at the regional office of a national firm." I think my post was maybe somewhat misleading. Without giving away too much, I'm not at a secondary office of the firm. My firm is nationally recognized--a repeat/regular player on the NLJ Plaintiffs' Hot List. But I thought it was probably relevant to note that my office is not located in NY/SF/LA/DC and therefore that my salary is potentially somewhat lower than it would be otherwise if I was practicing in a primary market with sky-high COL. Does that make sense?Anonymous User wrote:OP here. This is helpful, thanks. From your post history, seems like you/your firm does PI and mass tort. Given that PI associates usually report sub-100k salary, I'm guessing your firm stands out in some way?kings84_wr wrote:I work at a smaller Plaintiff's firm, but my base is $125k with a bonus of around $100k to $150k (but certainly depends on the year). I think our non-equity partners make about $300k (basically some type of base salary with a "bonus" or some type of distribution). The Equity partners clear 7 figures pretty regularly.
Also, to give my data more context, my large-ish firm primarily does class actions (think consumer/antitrust/employment/securities).
For the other poster at the regional office of a national firm, any chance you could provide practice area info?
I think there's a pretty wide variance for associate pay at PI firms. In my region, there are probably 4 or 5 comparable firms who all pay about the same as mine. The majority of PI firms probably pay closer to 50 to 75k. I also have a little bit more experience now (2012 grad), so I've taken about 100 depositions, second chaired big trial victories, and generally have a lot of responsibility on our dockets. If we hired a new law grad, we'd probably pay 125k to 150k (base and bonus combined).Anonymous User wrote:OP here. This is helpful, thanks. From your post history, seems like you/your firm does PI and mass tort. Given that PI associates usually report sub-100k salary, I'm guessing your firm stands out in some way?kings84_wr wrote:I work at a smaller Plaintiff's firm, but my base is $125k with a bonus of around $100k to $150k (but certainly depends on the year). I think our non-equity partners make about $300k (basically some type of base salary with a "bonus" or some type of distribution). The Equity partners clear 7 figures pretty regularly.
Also, to give my data more context, my large-ish firm primarily does class actions (think consumer/antitrust/employment/securities).
For the other poster at the regional office of a national firm, any chance you could provide practice area info?
Asking not to be a creep and out you, but because I've interviewed at one of these places and I'm trying to get some insight: are you at Lieff in Nashville or Cohen in South Florida?Anonymous User wrote:I'm the second poster -- and I think I am the person to whom you are referring when you ask about a "poster at the regional office of a national firm." I think my post was maybe somewhat misleading. Without giving away too much, I'm not at a secondary office of the firm. My firm is nationally recognized--a repeat/regular player on the NLJ Plaintiffs' Hot List. But I thought it was probably relevant to note that my office is not located in NY/SF/LA/DC and therefore that my salary is potentially somewhat lower than it would be otherwise if I was practicing in a primary market with sky-high COL. Does that make sense?Anonymous User wrote:OP here. This is helpful, thanks. From your post history, seems like you/your firm does PI and mass tort. Given that PI associates usually report sub-100k salary, I'm guessing your firm stands out in some way?kings84_wr wrote:I work at a smaller Plaintiff's firm, but my base is $125k with a bonus of around $100k to $150k (but certainly depends on the year). I think our non-equity partners make about $300k (basically some type of base salary with a "bonus" or some type of distribution). The Equity partners clear 7 figures pretty regularly.
Also, to give my data more context, my large-ish firm primarily does class actions (think consumer/antitrust/employment/securities).
For the other poster at the regional office of a national firm, any chance you could provide practice area info?
Practice area at my firm doesn't impact salary. I don't want to say too much more for fear of outing myself, but I don't think my salary is lower than others because of my practice area or my firm's practice area (or my firm's profitability). Instead, I think my salary (a) reflects the relatively lower COL of the city in which I am located, and (b) reflects idiosyncrasies of my firm leadership. For what it's worth, my firm also does consumer/antitrust/employment/securities-type class actions--complex lit where opposing counsel are almost always V50 partners.
This seems like a pretty high salary for a hybrid firm. Any hints on what firm this is? I'd like to apply.Anonymous User wrote:Curious about this question as well. From what I know first and secondhand, however, 200-300 all in sounds a little low. I nearly accepted an offer a couple of years ago ago as a midlevel at one of the better regarded hybrid firms in my market, and base salary was slightly under my then-biglaw base, but bonuses had a broader range and were generally higher (2-4x typical large firm bonuses). I also have a friend who suggested non-equity base at the large plaintiff-side securities firms was about 200 but didn't say anything about bonuses. And the equity partners there definitely had conspicuous wealth.
Anyone else have an idea what a typical non-equity partner makes at the top Hotlist repeat players? What about bonuses (i.e. range)? Also, does it differ considerably what type of firm it is--e.g., is the base/bonus range different at the big securities firms like Labaton or Robbins Geller from firms that pursue a broader range of work, like Lieff or Hagens Berman?
Asking about the large firms doing class work and/or repping institutional investors, not the single-office PI firm (not to denigrate that type of practice at all, just not my question).
What would those 5-10 be? I’m assuming you’re talking places like Barron and Budd, Lanier, and Nix Patterson, rather than Susman and McKool?Anonymous User wrote:There are 5-10 in Texas alone between Houston, Dallas, and Austin that would qualify. I'd imagine the same can be said for NYC, DC, LA, and perhaps elsewhere--just research the top lit boutiques in your major market of interest.
No--sorry if I wasn't clear. By "hybrid" I meant shops that work both sides of the v. and mostly commercial, rather than PI. So, as you've mentioned already, Susman and McKool, plus Gibbs, Beck Redden, Reynolds Frizzell, AZA, Lynn Tillotson (or whatever it's called now), Reid Collins, probably others. IME, they'll offer at/above market starting with potentially lower mid-level bases than NYC scale (compression) but considerably better bonuses (at least if business is good). I only have first or secondhand knowledge of a few of these, but I think it's probably fair to generalize across that class of Texas boutique (McKool and Susman being on the larger-firm end of the spectrum). Definitely going to be some variation between them of course. Hope that helps.What would those 5-10 be? I’m assuming you’re talking places like Barron and Budd, Lanier, and Nix Patterson, rather than Susman and McKool?
Curious to last anon, are you at a primarily securities/antitrust firm, or one that does a range of work?Anonymous User wrote:I lateraled to a large pure plaintiffs' firm. We hire clerks. My advice is have a good reason for wanting to be a plaintiffs' lawyer. At my firm anyway, it helps if you say something that'll make us think you buy into the "mission." Now, we obviously know we're not human rights lawyers, or legal aid lawyers, or anything that noble. But we still think of ourselves as a firm that stands up for the little guy in the face of corporate misconduct. And we work hard to dispel the "ambulance-chaser" image of plaintiffs' lawyers. And we make pretty good money doing it.proleteriate wrote:don't want to derail, but how did y'all get into these firms? I'm currently interviewing for post-clerkship firms, and am extremely interested in larger Plaintiff firms. Do most of y'all start as juniors or lateral in from biglaw?
That sounds low in my experience as well, although given the nature of contingency work, and the stark possibility of an unprofitable year, it's certainly possible to only make base in any given year. But at a good firm, an unprofitable year should be rare, and all-in comp for a non-equity partner should be 400 or more, I would think. I mean, I'm just an associate and my all-comp was well above 300 last year (which admittedly was a very good year).Anonymous User wrote:Curious about this question as well. From what I know first and secondhand, however, 200-300 all in sounds a little low.
I dont understand how a small plaintiff's firm can pay $125K + bonus. Never heard of a small firm in So Cal that pays that much.kings84_wr wrote:I work at a smaller Plaintiff's firm, but my base is $125k with a bonus of around $100k to $150k (but certainly depends on the year). I think our non-equity partners make about $300k (basically some type of base salary with a "bonus" or some type of distribution). The Equity partners clear 7 figures pretty regularly.
Speaking of Nix Patterson, does anyone know anything about this firm? They seem to pay well, but I don't see much about them online.Anonymous User wrote:What would those 5-10 be? I’m assuming you’re talking places like Barron and Budd, Lanier, and Nix Patterson, rather than Susman and McKool?Anonymous User wrote:There are 5-10 in Texas alone between Houston, Dallas, and Austin that would qualify. I'd imagine the same can be said for NYC, DC, LA, and perhaps elsewhere--just research the top lit boutiques in your major market of interest.
[snip]Anonymous User wrote:We do a wide range of work, including securities and antitrust, and I think I'll leave it at that. If you're interested in applying, reply to this using a non-anon account, and I'll PM you.Anonymous User wrote: Curious to last anon, are you at a primarily securities/antitrust firm, or one that does a range of work?
-current clerk, former plaintiff-side associate