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2006 New York City Total Compensation:

Junior Associates

Legend: Market Leader | Market Follower | Below Market | *Prorated

 

Law Firm Vault Rank Associate Class of
2006* 2005 2004
Wachtell Lipton 1 $300,000 $300,000 $320,000
Cravath Swaine & Moore 2 $175,000 $180,000 $195,000
Sullivan & Cromwell 3 $175,000 $180,000 $195,000
Skadden Arps 4 $175,000 $180,000 $195,000
Davis Polk & Wardwell 5 $175,000 $180,000 $195,000
Simpson Thacher & Bartlett 6 $175,000 $180,000 $195,000
Cleary Gottlieb 7 $175,000 $180,000 $195,000
Latham & Watkins6 8 Unknown median: $180,000

(min: $180,000)

median: $195,000

(min: $195,000)

Weil Gotshal 9 TBA TBA TBA
Kirkland & Ellis 10 Unknown $170,000 to $214,000 (median: $197,000) $172,000 to $233,000 (median: $214,000)
Covington & Burling 11 $175,000 $180,000 $195,000
Paul Weiss 12 $175,000 $180,000 $195,000
Debevoise & Plimpton 13 $175,000 $180,000 $195,000
Wilmer Hale 14 TBA TBA TBA
Shearman & Sterling 15 $175,000 $180,000 $195,000
Sidley Austin1 16 $175,000 $180,000 $195,000
Gibson Dunn 18 TBA TBA TBA
Arnold & Porter 19 TBA TBA TBA
O'Melveny & Myers 20 TBA TBA TBA
White & Case 21 $175,000 $180,000 $195,000
Jones Day 22 TBA TBA TBA
Morrison & Foerster 23 $175,000 $180,000 $195,000
Hogan & Hartson 24 TBA TBA TBA
Ropes & Gray 25 $175,000 $180,000 $195,000
Clifford Chance 26 $175,000 $180,000 $195,000
Mayer Brown 27 TBA TBA TBA
Milbank Tweed 28 $175,000 $180,000 $195,000
Fried Frank2 29 $178,500 $180,000 $195,000
Paul Hastings 30 TBA TBA TBA
Cadwalader Wickersham & Taft 31 $175,000 $180,000 $195,000
Dewey Ballantine3 32 $161,750 $180,000 $195,000
Akin Gump 33 TBA TBA TBA
Wilson Sonsini 34 TBA TBA TBA
Winston & Strawn 35 TBA TBA TBA
King & Spalding 36 TBA TBA TBA
Willkie Farr 37 $175,000 $180,000 $195,000
Orrick, Herrington & Sutcliffe 38 TBA TBA TBA
Proskauer Rose 39 TBA TBA TBA
Baker Botts 40 TBA TBA TBA
Linklaters 44 $180,000 $180,000 $195,000
McDermott, Will & Emery 47 TBA TBA TBA
DLA Piper 49 TBA TBA TBA
LeBoeuf Lamb4 54 $175,000 to $190,000 $180,000 to $195,000 $195,000 to $210,000
Cahill Gordon 55 $175,000 $180,000 $195,000
Allen & Overy 60 TBA TBA TBA
Heller Ehrman 62 TBA TBA TBA
Fish & Richardson 63 TBA TBA TBA
Greenberg Traurig 65 TBA TBA TBA
Kaye Scholer 67 Unknown $180,000 $195,000
Chadbourne & Parke 73 TBA TBA TBA
Schulte Roth & Zabel5 76 $155,000 or $175,000 or $185,000 or $195,000 $155,000 or $180,000 or $190,000 or $200,000 $165,000 or $195,000 or $205,000 or $215,000
Stroock & Stroock & Lavan 78 TBA TBA TBA
Thacher Proffitt & Wood 81 TBA TBA TBA
Hughes Hubbard 85 $145,000? $162,500 to $175,000 $162,500 to $185,000
McKee Nelson Unranked TBA TBA TBA
Quinn Emanuel Unranked TBA TBA TBA

 

NOTES

1

Sidley Austin only gave market bonuses to New York associates who billed more than 2000 hours.  Associates who billed between 1850 and 2000 hours received lesser bonuses than those listed here.

2

Unlike other firms that gave out pro-rated bonuses to the Class of 2006, Fried Frank paid a $10,000 non-prorated bonus to the Class of 2006.  Since all Fried Frank stub year associates started on September 14, this $10,000 bonus would be roughly equivalent to a $33,500 pro-rated bonus.

3

Dewey has a 1900 billable hour requirement for all bonuses.  Class of 2006 bonus was a $5,000 non-prorated bonus, and that has been annualized for consistency.

4

LeBoeuf also paid discretionary bonuses of up to $15,000 for high performers in addition to the lockstep bonuses listed here.

5

Schulte paid different bonuses based on billable hours.  Those with less than 2000 billable hours received a $10,000 bonus, while those with 2000-2299 billable hours received market bonuses.  Associates with 2300-2499 billable hours got market bonus plus $10,000, and associates who exceeded 2500 billable hours received market bonus plus $20,000.

6

Latham pays a minimum bonus to those who meet the 1900 billable hour requirement, but also pays higher bonuses to those who exceed the minimum.  Note that this minimum bonus is less useful for senior associate classes, since it appears that everyone or almost everyone at these levels received a bonus that exceeded this minimum.


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