Is there anyway to get a bead on what an associate at a firm makes based on what they bill per hour? Is there like a standard percentage of the rate that they get?I am trying to figure out what starting associates make at a firm that has offered me for this summer...they are not on NALP or anything...
Check NALP for firms that pay a comparable amount for summer associates in the same or similar markets and then look at first year associate pay.
Infirmation.com has salary scales listed for most larger firms. They often have salary per billable hour (usually works out between $50-70/hr.).
Very interesting. I was thinking about it in terms of commute and lunch/dinner, but didn't think about the meetings/general correspondence/reading-just-to-be-current, That comes out to a LOT of hours. (I always knew that, I just never quantified it).