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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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