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Career Center: When Do You Get a Raise? Survey Results

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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.

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.

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