A friend of mine got a position with Arnstein & Lehr LLP. Here are some firm stats:
Bonus upon completion of 2,000+ billable-hours.
Chicago, IL (2005)
1st year: $110,000
Summer associate: $2,115/week
Although A&L has 5 main practice areas (business transactions, litigation, real estate, tax and estate planning, and local government), the firm is especially known for its strong litigation practice. In addition, a growing number of the firm's 120 lawyers are dedicated to transactional and real estate matters. Clients range from individuals to small and growing businesses to large, multinational corporations. In recent years, the firm has branched out from its Windy City headquarters, establishing offices in warmer outposts in West Palm Beach, Boca Raton, Miami and Tampa, Fla. Arnstein & Lehr also has offices in Milwaukee, Wis., and Hoffman Estates, IL.
Although the firm does hire laterally, it takes pride in developing young lawyers, and the summer program for 2Ls is at the heart of the firm's hiring practice. In evaluating candidates, Arnstein & Lehr balances class rank against law school prestige. It expects students from "first-tier" schools to be in the top 50% of their class, while applicants from lower-tier schools should be within the top 25%. The selection process is not all about academics, however; the firm also gives weight to extracurricular activities like moot court and journal experience. It interviews at law school campuses throughout the Midwest, including Chicago-Kent, DePaul, University of Illinois, Indiana University at Bloomington, University of Iowa, John Marshall Law School, Loyola University, University of Michigan, Northwestern University, Washington University in St. Louis and the University of Wisconsin. In addition, as part of its effort to increase the diversity of its attorneys, Arnstein & Lehr conducts on-campus interviews at Howard University in Washington, D.C., and participates in the Cook County Bar Association Minority Job Fair.
Those who succeed in landing a job at Arnstein & Lehr are expected to work hard; the minimum annual billable requirement is 2,000 hours. But there are rewards in store for those who meet or exceed the billable-hours target. At 2,000 hours, associates receive a guaranteed $10,000 bonus, and additional bonuses are available for every additional hour billed over and above the target.