Reply to Biglaw Associate Raises

Forum Index » Jobs and Careers

Reply to "Biglaw Associate Raises"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous]I am sure you have. And it's sad more clients don't grow a backbone. [/quote]

we just agreed to hire more internal GCs. transactional.

i think we'd all agree we're not paying someone with 0-2 years of real experience to learn on the job and be billed at that rate.

do you know how many times I call a law associate to go through a shareholder agreement key term and the appendices and they don't even know how to use excel for the cap table!?!  No thanks, learn your lessons on someone else's dime or my nickel. [/quote]

This so-called raise is really just a cost of doing business for law firms.  What a law firm pays its associates and what the law firm bills its clients is loosely connected.  From 2007 to the present, billing rates have gone up every year in many of these large law firms but associate salaries have remained the same.  Partner profits, however, have gone up, meaning the partners are the only ones who have seen the fruits of the billing rate increases.  In other words, it took nine years for the billing rate increases to trickle down to the associate ranks.  Partners (like any human being) want to see their earnings go up as well, however, so this will mean more billable hours and fewer associates.  If you want to rail at someone, rail at the people who are in charge of the law firms that you're hiring.[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics