We'll see- rumor has it NYC firms will be paying 190 by 2008, I would think that puts Chicago close to 175 pre-bonus.New bonuses came out about a month ago and they're pretty ridiculous ... I think they'll announce soon. Almost all the big NY firms are up to $160 (and some of the medium ones, too) ... LA caught the bug next and now DC is upping to at least $145. Things should settle in mid-Feb.How high do you mean by ridiculous? Any specific numbers? I'm hoping 175,000 will be standard at the big Chicago firms by 2008.
$175K?! Maybe if you mean gross salary + bonus at 2400 hours ...
Right now the highest bonuses at 2400 hours are Mayer and Kirkland (both around $50K), but many other good firms in the city have bonuses that range from 10% of salary (Jenner) to $20-$30K (Skadden) in that range of hours (read: in exchange for killing yourself). As for salary, the Standard for Chicago BIGLAW (with Baker and McGuireWoods holding out, if you can call MW biglaw) is $145K. Bonuses are all over the board. There's no way that Chicago BIGLAW standard salary will hit $175K until at least four-six years from now.