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1. kevins+(OP)[view] [source] 2015-08-06 16:22:37
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.

replies(1): >>rhino3+L2
2. rhino3+L2[view] [source] 2015-08-06 16:47:13
>>kevins+(OP)
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.

replies(1): >>sixtyp+86
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3. sixtyp+86[view] [source] [discussion] 2015-08-06 17:19:02
>>rhino3+L2
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...

replies(1): >>brianw+Wa
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4. brianw+Wa[view] [source] [discussion] 2015-08-06 18:03:32
>>sixtyp+86
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..

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