Inappropriate Compensation For First-Year Law Firm Associates?
How much is too much when it comes to salary and bonuses?
Ed. note: Welcome to our daily feature, Trivia Question of the Day!
Bloomberg Law’s most recent State of Practice survey asked nearly 300 attorneys to estimate the starting salaries for first-year associates at their firms, and comment on whether they believe the first-years are being overcompensated, undercompensated, or appropriately compensated, based on their salaries and bonuses. What percentage of respondents believe that first-years are inappropriately compensated?
Hint: Attorneys from across the country estimated that the average starting salary for first-years at their firms is $139,945. There’s a difference of more than $75,000 between this figure and Biglaw’s new starting salary.
See the answer on the next page.
Staci Zaretsky is a senior editor at Above the Law, where she’s worked since 2011. She’d love to hear from you, so please feel free to email her with any tips, questions, comments, or critiques. You can follow her on Twitter or connect with her on LinkedIn.
