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Author Topic: Mid and small firm salary  (Read 642 times)

TNGA60

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Mid and small firm salary
« on: April 09, 2008, 03:30:40 PM »
What is the salary range for medium and small firms? Also what ranking do you need to land at a mid size firm from a T1 school.

nealric

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Re: Mid and small firm salary
« Reply #1 on: April 09, 2008, 05:01:14 PM »
Many small/medium firms do not hire new grads.

As far as salary goes, its going to be all over the place. Anything from 200k (For an elite botique) to 35k (for the most TTT of the TTT insurance defense shop). Grade cutoffs range similarly from top of HYS for some boutiques to anyone with a bar card and a pulse for some ID firms.
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DCLabor25

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Re: Mid and small firm salary
« Reply #2 on: April 09, 2008, 05:32:54 PM »
The last message is exactly right -- there is tremendous variance.  But generally speaking, most small and mid sized firms do not pay near the top firms.  There are important exceptions with boutique firms, etc., that the last message mentioned.  However, the general distribution of legal salaries these days is shaped like a camel -- alot of people clustered around the $140-$160 mark and alot of people clustered around the $40-$60 mark.  And not much in between.  We know that what the big firms pay, so it only makes sense that the smaller and mid sized firms pay the other end of the scale.  For a graph of this distribution, check out:

http://www.elsblog.org/the_empirical_legal_studi/2007/09/distribution-of.html

The best way however to really try to figure this out is to see if the firms in question fill out a NALP form or if the law schools in the area list starting salaries for firms with fewer than 50 attorneys.  That should give you an excellent idea of the market. 

jack24

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Re: Mid and small firm salary
« Reply #3 on: April 09, 2008, 05:41:55 PM »
Salary info for new grads is interesting and all, but I'm more interested in salaries for associates with 5 to 7 years experience.  Do you know of any web resources with that kind of info?  (besides yahoo hot jobs, and career builder, etc.)

DCLabor25

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Re: Mid and small firm salary
« Reply #4 on: April 09, 2008, 05:45:48 PM »
Again, there just isn't a one size fits all model for small and medium firms, even 5-7 years out.  It depends on so many variables -- does the firm have a solid book of business?  What type of work does it do?  Whats the parternship structure? etc. etc. etc.