undefined | Better HN

0 pointskevinschumacher10y ago0 comments

Just one example of a big law firm in NY:

http://www.lawfirmstats.com/firms/Willkie-Farr-Gallagher/all...

Newly hired attorneys make US 160k, while those 8 years in typically make US 280k.

There's a little bit of movement if you've changed firms, but there's a good chance if you work for a big law firm you're in this ballpark.

A partner's comp is structured differently.

0 comments

3 comments · 1 top-level

rhino36910y ago· 2 in thread

If you add in bonus, it's there is an even bigger difference. This past year first years got 15k bonus, and 8th years got 100k.

combined: 175k for first, 380k for 8th years.

sixtypoundhound10y ago

To your point below, I suspect the 8-10 year person is creating more value with less supervision than a new hire. Being able to manage a project/client solo, even a small one, makes your work incremental revenue to the firm. More so if you're involved in bringing in the business....

I have new hires; they take a LOT more supervision... and our group's output is limited to the speed at which our senior folks can originate projects...

brianwawok10y ago

I mean I would rather have 2 10 year experienced developers than 3 brand new developers, even if the cost was the same.

But maybe law firms do not think this way..

j / k navigate · click thread line to collapse