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.
With all the salary freezes, thaws and permanent meltdowns over the past year, it’s hard to keep track of what associates at law firms are actually making these days. And associates are learning that an annual lock-step raise is no longer a sure thing under new compensation systems at many firms.
This week our ATL / Lateral Link survey asks about starting salaries and annual salary increases at your firm. We’ll use the information to update the ATL Career Center and bring you the results next week.
If you have information about your firm that you want to share with other career center users, please email us at firstname.lastname@example.org.
The ATL Career Center, powered by Lateral Link, is constantly being updated with responses from users and the latest news from the legal markets. While layoffs seem to have abated for the most part, many firms are now coping with the effects of the economic downturn by making major changes to compensation structures and partnership prospects.
Click here to find out what kind of salary increase associates at a certain Chicago-based firm can look forward to under the firm’s new compensation structure.
Click here to find out what associates at a certain "pedigreed" New York firm think about their chances for partnership under an increasingly "up and out" promotion system.
Use the Career Center’s firm snapshots and comparison tool to find the most up-to-date information on compensation structures, benefit programs and layoffs at dozens of Big Law firms across the country.
Welcome to the next article in our Expert Insights series, brought to you by the ATL Career Center. This week, we spoke with Katy Lewis, Associate Director at Lateral Link, who works with associate candidates on law firm searches in Chicago and the Midwest, and with candidates seeking in-house positions. Katy has worked closely with associates, recruiting coordinators and hiring partners at many national firms, so we asked her to share her Top 10 list of what they want to see in junior associates. Whether you are a new associate or just considering a career move, the Top 10 list is useful checklist of what you can do to succeed at a firm.
As a reminder, all Career Development articles, as well as additional career coaching information, are available in the Resources section of the Career Center.
Top 10 Tips for Junior Associate Success
10. Take advantage of slow periods. Use the time to organize your office, attend a CLE, catch up on business/legal current events (WSJ, NY Times DealBook, AmLaw Daily, etc.).
9. Develop a good working relationship with your assistant and paralegals. The better your relationship with the staff, the easier your job will be.
8. Learn how to use technology. Become proficient with firm software – learn to use Word, Excel, PowerPoint, Westlaw, Lexis, document compare software. Understand how to use the telephone – learn to transfer, conference call, dial international, etc. Nothing is below you as a junior associate.
As part of a nationwide tour, Above the Law is coming to the great city of Chicago.
Join preeminent law firm management consultant Bruce MacEwen, Katten Muchin Chicago managing partner Gil Sofer, and JPMorgan Chase & Co. assistant general counsel Jason Shaffer for a panel discussion (sponsored by Pangea3) on the evolutionary and market forces bearing down on the law firm business model. Come on by Thursday, November 20, at 6 p.m., for thought-provoking discussion, food, drink, and networking.
Space is limited and there will be no on-site registration, so please RSVP
Average law school debt for graduates of private universities hovered around $122,000 last year. With only 57% of new attorneys actually obtaining real lawyer jobs, recent graduates have a lot to consider when it comes to managing their student loan payments. Thanks to our friends at SoFi, today’s infographic takes a look at student loan debt, including the possible benefits of refinancing for JDs…
Kinney Recruiting’sEvan Jowers is currently in Hong Kong for client meetings and still has a few slots available through October 22. Evan will also be in Hong Kong November 14 to December 15. Further, Robert Kinney has been in Frankfurt and Munich this week and is available for meetings with our Germany based readers.
One of our key law firm clients has referred us to one of their important clients in the US, Europe and China – a leading global technology supplier for the auto industry – in order to handle their search for a new Asia General Counsel and Asia Chief Compliance Officer.
Kinney is exclusively handling this in-house search.
This position will have a lot of responsibility and include supervision of eight attorneys underneath them in the Asia in-house team. The new hire will report directly to the global general counsel and global chief compliance officer, who is based in the US. The new hire’s ability to make judgement calls is going to be as important as their technical skill set background.
The position is based in Shanghai and will deal with the company’s operations all over Asia and also in India, including frequent acquisitions in the region.
It is expected that the new hire will come from a top US firm’s Shanghai, Beijing or Hong Kong offices, currently in a top flight corporate practice at the senior associate, counsel or partner level. Of course, the candidate can be currently in a relevant in-house role.