Career Center: When Do You Get a Raise? Survey Results
Our recent Career Center survey asked about starting salaries and annual salary increases at firms across the country. Over 70% of respondents indicated that their firms increase salaries during the traditional month of January. About 8% percent of respondents, including associates at this Midwestern firm, see their salary increase in February. Another 9%, including associates at these two global firms, get raises in March. The remaining 12% of respondents indicated that their annual raises come at some later point in the year.
Check out the full survey results after the jump — and visit the Career Center, powered by Lateral Link , for more on changing compensation practices at firms across the country. If you are an employer seeking more detailed information on firm salary scales please contact T.J. Duane at tjduane@laterallink.com.
Full survey results, after the jump.
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Annual salary increase occur during the first quarter at the vast majority of law firms:
- 72% of respondents indicated that their firms increase salaries in January.
- 8% of respondents indicated that their firms increase salaries in February.
- 9% of respondents indicated that their firms increase salaries in March.
- 3% of respondents indicated that their firms increase salaries in April.
- 8% of respondents indicated that their firms increase salaries in another month
When the Class of 2009 will see their first salary increase varies widely:
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- 4% of respondents indicated the Class of 2009 associates at their firm got a salary increase in the Fall of 2009.
- 22% of respondents indicated the Class of 2009 associates at their firm got a salary increase in January 2010.
- 5% of respondents indicated the Class of 2009 associates at their firm will get a salary increase in the Spring or Summer of 2010.
- 45% of respondents indicated the Class of 2009 associates at their firm will get a salary increase in January 2011.
- 17% of respondents indicated the Class of 2009 associates at their firm will get a salary increase sometime after January 2011.
- 7% of respondents indicated the Class of 2009 associates at their firm will get a salary increase at some other date.
Almost two-thirds of respondents reported that starting salaries remain at $160,000 at their firms:
- 1% of respondents indicate that starting salaries at their firms are above $160,000.
- 61% of respondents indicate that starting salaries at their firms are $160,000.
- 13% of respondents indicate that starting salaries at their firms are $145,000.
- 8% of respondents indicate that starting salaries at their firms are between $130,000 and $144,999.
- 17% of respondents indicate that starting salaries at their firms are below $130,000.
As always, we encourage to send information about your law firm experience to careercenter@abovethelaw.com.