BigLaw in the NYC Market
Posted: Tue Mar 05, 2013 1:37 am
Do big firms care about anything other than the name of the school and the student's grades when hiring first year associates?
Law School Discussion Forums
https://www.top-law-schools.com/forums/
https://www.top-law-schools.com/forums/viewtopic.php?f=4&t=205418
I'm guessing this thread was moved then?
First year in major markets (LA, CHI, NYC, SF, some Texas firms) all pay the same. I've heard NY scales up a little faster but in general you're making less in NYC than elsewhere when you consider state and city (!) income tax and the astronomical COL. Probably the best deal is to live in Houston with no state income tax and a super low COL making 160k.untar614 wrote:I'm guessing this thread was moved then?
Do NYC biglaw firms tend to pay more than biglaw elsewhere given the incredibly high COL in NYC compared to most other places?
What market are you?AreJay711 wrote:Generally, NYC lockstep and bonuses are higher. But the COL is higher and they often require more hours. For example, my firm requires 1800 hours and starts at 160K. If you want to work 2200 hours you will make the equivalent of NY associates lockstep + bonus. If you work less, you make less. I'd imagine 2200 hours is still a prereq for partnership but I have no idea.