that sounds pretty good. yes, big law associate salary increases pretty steady, at current rate, it's about 280k for a 7th year associate i take? how much does a 7th year associate at a boutique makes? and do they kick u out after 7/8 years at a boutique? thx
Depends, some make as much as big law, but often with smaller bonuses. Others pay ~20% less. It is hard to know for certain because it is not uncommon for boutiques to end lockstep compensation after the first few years.
Boutiques often require fewer billables as well. The thing is that beyond the 4th or 5th year, associates often start doing other work like due diligence, opinion work, litigation etc. They will also do some high level prosecution work (not all prosecution work is created equal). Boutiques aren't usually built on the up or out model that requires massive attrition. I know plenty of senior associates/of counsel (beyond 8th year) that stick around. There is however plenty of attrition, mainly due to the fact that many prosecutors go in house and manage IP portfolios.