Biglaw, Bonuses, Money

Associate Bonus Watch: Ropes & Gray, and Some Non-New York Numbers

stack of bills cash money.jpgAccording to this post at Greedy NY, the New York office of Ropes & Gray has matched the market bonuses, with respect to its most junior classes (who are paid lockstep bonuses — more senior classes are not).
Here’s the posting, which includes some non-NYC compensation figures (since some of you have been asking after them):

Matches for lockstep classes. Bonuses were actually $5K higher in Boston, D.C. and California offices to make up in part for lower $135K salaries in outside NYC. Above class of 2004 is not lockstep.
New York
Class Bonus Total Comp
2006 $30,000 $175,000
2005 $35,000 $180,000
2004 $40,000 $195,000
Other Offices
Class Bonus Total Comp
2006 $35,000 $170,000
2005 $40,000 $175,000
2004 $45,000 $190,000

We’d be interested in hearing about firms with significant pay differentials between their New York and non-New York associates.
A number of big firms — e.g., Skadden and S&C — pay their associates the same nationwide. At Ropes, if the above data is correct, the total compensation difference is only $5K. This seems negligible, especially given the high cost of living in New York.
(This Ropes data sounds reasonable to us, but we haven’t verified it independently. If you’re at Ropes and believe any of this to be incorrect, please drop us a line.)
Ropes matches [Infirmation / Greedy NY]

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