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Reply to "Biglaw Counsel or Of counsel positions"
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[quote=Anonymous]To the best of my knowledge, Of Counsel pay in Biglaw varies by firm, but I have been told that it is typically above $500,000 per year. This makes sense as an 8th year associate on the Cravath scale makes $415,000 base and is targeted for a $115,000 bonus which totals $530,000. However, Of Counsel status certainly can come with negotiated compensation and duties. Last year, I was told by one Of Counsel in Biglaw that he earned $480,000 to $500,000.[/quote]
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