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 thesetwo 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 email@example.com.
Special thanks also to Practical Law Company for sponsoring tonight’s cocktail party here in New York. If you’d like to attend, there are still openings — just click here, then click on the RSVP button.
It’s a talk, it’s a party, it’s an opportunity for us to tell you how to increase your chances of landing an offer from your summer associateship. Save the date: April 13th, at Amity Hall. Your Above the Law editors will be heading to the Summer Associate Kick-Off Party, hosted by the Practical Law Company (read more about PLC here).
We’ll be holding a panel discussion about the Do’s & Don’ts Of Being A Summer Associate. Some of the don’ts are obvious: don’t hit a strip club with colleagues, or get into a drunken argument with a partner. Others aren’t so much. Do you know how to run a closing? Perform due diligence? Draft NDA’s? Yeah, didn’t think so. We’ll address how to build these skills before you show up to work, so you can actually add value instead of just adding stations to Pandora.
So come to Amity Hall on April 13th, where we can teach you how to stay on the straight-and-narrow and be more prepared for your summer position — or at least turn up so we can share some of the summer stories we couldn’t print. And yes, there will be an open bar (and food), in case anybody wants to put our lessons to immediate practical use.
The event gets started at 6:30. Space is limited and priority is given to incoming summer associates, so click here to rsvp. Hope to see you there.
P.S. As if you need another reason to go, attendees will get access to a Summer Associate Survival Guide, which teaches you the nuts and bolts of transactional assignments firms will expect you to complete this summer. Non-attendees can access the guide too, but they won’t get the free booze or food. Bummer.
If you can’t make the event but would like access to the guide, just send an email to firstname.lastname@example.org, with your name, law school email address, and year of graduation. Thanks!
March is all about the numbers: associates at some firms are finally learning what their 2009 bonus amounts are, while associates at other firms are learning more about what their 2010 salary will be. Check out the ATL Career Center, powered by Lateral Link, for the latest information on what the numbers are at firms around the country.
To go beyond the numbers game, join Lateral Link and Katten Muchin Rosenman on Wednesday, March 31, 2010 in Chicago, where a diverse panel of partners and corporate counsel from prestigious law firms and companies will discuss professional development considerations for mid-level associates in determining their long-term career paths. Panelists include Floyd Mandell of Katten Muchin Rosenman, Felicia Gerber Perlman of Skadden Arps, and Tom Kiser, GC at University Health System Consortium. Click here for more information.
We’ve written before about clever and mortifying business cards for lawyers. But everyone would agree that business cards are essential for practicing attorneys.
What about for attorneys-to-be, i.e., law students? A reader asks:
Emails have been gone around NYU and Columbia law schools recently about business cards. More specifically, about me needing to buy school business cards. Is this normal? Do 1Ls and 2Ls actually need business cards that read “Columbia Law J.D. Candidate 2012?”
Consensus seems to be that they’re incredibly douchey and pretentious, but is it actually helpful for networking events and EIP/OCI? I know a few students have them…. but is this something to which I should give serious consideration? Is this the norm among law schools and I’m just ignorant? Or is this just some more junk advice from career services?
Ed. note: The Asia Chronicles column is authored by Kinney Recruiting. Kinney has made more placements of U.S. associates, counsels and partners in Asia than any other recruiting firm in each of the past seven years. You can reach them by email: email@example.com.
It’s that time of year again when JDs are starting to apply for 2L summer jobs and 2L summers are deciding which practice area to focus on.
For those JDs with an interest in potentially lateraling to or transferring to Asia in the future, please feel free to reach out to Kinney for advice on firm choices, interviewing and practice choices, relating to future marketability in Asia, or for a general discussion on your particular Asia markets of interest. This is of course a free of cost service for those who some years in the future may be our future industry contacts or perhaps even clients.
For some years now Kinney’s Asia head, Evan Jowers, has been formally advising Harvard Law students with such questions, as the Asia expert in Harvard Law’s “Ask The Experts Market Program” each summer and fall, with podcasts and scheduled phone calls. This has been an enjoyable and productive experience for all involved.
If you are considering a virtual law practice, you know that many of today’s solo firms started that way. But why are established, multi-attorney law firms going virtual?
Many small firms are successfully moving part—or even all—of their practice to a virtual setting. This even includes multi-jurisdictional practice spanning several states and practice areas, although solo and small partnerships are still the largest adopters of virtual law.
Can you do the same? The new article Mobile in Practice, Virtual by Design from author Jared Correia, Esq., explores how mobile technology bring real-life benefits to a small law firm. Read this new article—the next in Thomson Reuters’ Independent Thinking series for small firms—to explore how a mobile practice:
Reduces malpractice risk
Enables you to gather the best attorneys to fit the firm, regardless of each person’s geographic location
Leverages mobile devices and cloud technology to enable on-the-spot client and prospect communication
Transitioning in-house is something many (if not most) firm lawyers find themselves considering at some point. For many, it’s the first step in their career that isn’t simply a function of picking the best option available based on a ranking system.
Unknown territory feels high-risk, and can have the effect of steering many of us towards the well-greased channels into large, established companies.
For those who may be open to something more entrepreneurial, there is far less information available. No recruiter is calling every week with offers and details.
In sponsorship with Betterment, ATL and David Lat will moderate a panel about life in-house and we’ll hear from GCs at Birchbox, Gawker Media, Squarespace, Bonobos, and Betterment. Drinks, snacks, networking, and a great time guaranteed. Invite your colleagues, but RSVP fast, as space is limited.