Reply to Biglaw - twelfth-year associate??

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]What would someone like that make? $400K base + bonus?[/quote]

550 base and 450-500 bonus.[/quote]

I find this hard to believe. Probably more like $415,000 base and bonus potential of no more than $150,000.[/quote]

If I was a 8+ year associate I would definitely try to cap myself at around 600k total as that is about 1.8 mil revenue, pretty easy to generate at a top firm.

To put that in context the GS pay scale tops out at 180k, SESs cap out at 220k working 50+ hours, DC corporate executives at the VP level will rarely make over 400k, surgeons make 500-700k, and financial regulators top out at 275k. If you are in a niche big law practice, 600k is great. Take the rest of the time to build client base and lateral to junior partner or senior in-house role. DC biglaw employees are insanely rich by all local metrics.[/quote]

$1.8 revenue for an associate is about as good as it gets, in my experience.  There are always write-offs, write-downs, whatever your firm’s jargon is, and the result is that only 1850-1950 of those 2000 hours ultimately get paid to the client.  2,000 hours billed per year, at an hourly rate of $900, if paid in full (not happening), is $1.8M.  Again, paying an associate $600k is borderline unsustainable in my opinion.  But I’m just a non-equity partner so what do I know.[/quote]

by 12th year associate you are billing 1300 to 1600.[/quote]

LOL LOL LOL where???[/quote]

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