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Salary vs. Billing Statistics Thread

Posted: Fri Feb 09, 2018 1:21 am
by Anonymous User
This thread may be helpful to people. The purpose is to collect information that can be used for salary comparison, self performance evaluations and firm comparisons. Please list:

Mandatory
1. Firm name or type (V10, AmLaw 50, Mid Law, Etc.)
2. Class year
3. Billing Rate
4. Hour Requirement

Optional
5. Fees billed
6. Fees collected
7. Bonus information

Re: Salary vs. Billing Statistics Thread

Posted: Fri Feb 09, 2018 10:46 am
by Anonymous User
1. V100
2. 2012
3. $450
4. 1800

Billed 1667, Salary $188k

Re: Salary vs. Billing Statistics Thread

Posted: Fri Feb 09, 2018 11:37 am
by Anonymous User
May want to add market to the OP.

Re: Salary vs. Billing Statistics Thread

Posted: Fri Feb 09, 2018 11:43 am
by Anonymous User
V100 (NYC)
2016
$500
2,000

Billed 1800, Salary $180,000

Re: Salary vs. Billing Statistics Thread

Posted: Fri Feb 09, 2018 11:45 am
by Anonymous User
V100 (NYC)
2016
$500
2,000

1,800 hours billed; $180,000 salary

Re: Salary vs. Billing Statistics Thread

Posted: Fri Feb 09, 2018 2:07 pm
by Anonymous User
V25, Secondary Market, Litigation
Class of 2013
$715/hr. this year, $660 last year
1800 requirement

Last year: Billed just over 2200, made $300,000 (NY market salary and bonus). Looks like revenue from my billables were about $1.45 million, give or take a bit. Ridiculous.

Re: Salary vs. Billing Statistics Thread

Posted: Fri Feb 09, 2018 6:22 pm
by Anonymous User
1. V10 (Non-NYC)
2. Class of 2015
3. $825 Corporate. I know our litigators bill at slightly less.
4. None for bonus, realistically 2000 to stay employed for multiple years

I don't really understand the optional section, but billed 2350 and received above-market bonus. I've never seen my hours (or any other attorney's hours) written down in a bill.

Re: Salary vs. Billing Statistics Thread

Posted: Sat Feb 10, 2018 5:37 pm
by Anonymous User
1. V100 (South East secondary market)
2. 2016
3. 300
4. 1900 and 165k

Do you all really bill out at those rates? Those are rates our partners bill at (around 800-900). Crazy. I guess those big city office spaces are pretty expensive to rent.

Re: Salary vs. Billing Statistics Thread

Posted: Sun Feb 11, 2018 1:26 am
by RaceJudicata
Anonymous User wrote:1. V10 (Non-NYC)
2. Class of 2015
3. $825 Corporate. I know our litigators bill at slightly less.
4. None for bonus, realistically 2000 to stay employed for multiple years

I don't really understand the optional section, but billed 2350 and received above-market bonus. I've never seen my hours (or any other attorney's hours) written down in a bill.



This seems absurdly high for a second/third year associate.

Re: Salary vs. Billing Statistics Thread

Posted: Sun Feb 11, 2018 9:42 am
by zhenders
RaceJudicata wrote:
Anonymous User wrote:1. V10 (Non-NYC)
2. Class of 2015
3. $825 Corporate. I know our litigators bill at slightly less.
4. None for bonus, realistically 2000 to stay employed for multiple years

I don't really understand the optional section, but billed 2350 and received above-market bonus. I've never seen my hours (or any other attorney's hours) written down in a bill.



This seems absurdly high for a second/third year associate.


It is high, but it’s almost certainly accurate. It just narrows the firms a lot. In fact given V10 it probably narrows to one firm.

Re: Salary vs. Billing Statistics Thread

Posted: Sun Feb 11, 2018 11:39 am
by Anonymous User
RaceJudicata wrote:
Anonymous User wrote:1. V10 (Non-NYC)
2. Class of 2015
3. $825 Corporate. I know our litigators bill at slightly less.
4. None for bonus, realistically 2000 to stay employed for multiple years

I don't really understand the optional section, but billed 2350 and received above-market bonus. I've never seen my hours (or any other attorney's hours) written down in a bill.



This seems absurdly high for a second/third year associate.


OP of this... I certainly do not disagree with your assessment.

Re: Salary vs. Billing Statistics Thread

Posted: Sun Feb 11, 2018 3:59 pm
by Anonymous User
Mandatory
1. V25 (is that a thing?) - secondary market
2. 2014 (4th year)
3. $575
4. 2000

Optional is kinda weird. About $1MM was billed/collected from me last year. And my bonus was NY market.

Re: Salary vs. Billing Statistics Thread

Posted: Sun Feb 11, 2018 5:53 pm
by Anonymous User
1. SV V100
2. 2015
3. $515
4. 1950

5. $800k
6. $600K
7. Market bonus

I probably billed more like $1M+ worth of fees but that was written down to just under $800K, which is what was billed to clients. Billing rate is current, the bills above were based on $495/hr. I think I had about 2150 worth of billables and about 150 hours of pro bono and other items creditable to the hours requirement.

Re: Salary vs. Billing Statistics Thread

Posted: Mon Feb 12, 2018 10:01 pm
by Anonymous User
Anonymous User wrote:This thread may be helpful to people. The purpose is to collect information that can be used for salary comparison, self performance evaluations and firm comparisons. Please list:

Mandatory
1. Firm name or type (V10, AmLaw 50, Mid Law, Etc.)
2. Class year
3. Billing Rate
4. Hour Requirement

Optional
5. Fees billed
6. Fees collected
7. Bonus information


1. Boutique firm (patent)
2. 2013
3. $235/h
4. 1750

Salary $131,500/yr

5. Billed about 1800
6. Collected about 1500
7. $4k to $5k

Re: Salary vs. Billing Statistics Thread

Posted: Tue Feb 13, 2018 11:21 am
by Anonymous User
1. V100
2. 2015
3. almost $400/hr
4. 1950

Billed about 2000 last year
Bonus about 5k

Re: Salary vs. Billing Statistics Thread

Posted: Tue Feb 13, 2018 6:21 pm
by Anonymous User
1. Midlaw/Boutique in major market
2. 2014
3. 350
4. 1850

$100k salary. Am I getting milked?

Re: Salary vs. Billing Statistics Thread

Posted: Tue Feb 13, 2018 6:25 pm
by Anonymous User
Anonymous User wrote:1. Midlaw/Boutique in major market
2. 2014
3. 350
4. 1850

$100k salary. Am I getting milked?

Probably. You're supposedly bringing in $647500 revenue. Most firms would give you at least 1/4 of that.

Re: Salary vs. Billing Statistics Thread

Posted: Wed Feb 14, 2018 1:18 am
by shock259
Anonymous User wrote:
Anonymous User wrote:1. Midlaw/Boutique in major market
2. 2014
3. 350
4. 1850

$100k salary. Am I getting milked?

Probably. You're supposedly bringing in $647500 revenue. Most firms would give you at least 1/4 of that.


Yeah, I agree. For biglaw at least, I'm told that the general split of your revenue generated should be about 1/3 to salary, 1/3 to overhead (HR, IT, building lease, whatever), and 1/3 to "tithing" AKA partner profits.

1/6th seems pretty bad, assuming that the firm is collecting on most of that $650k you're generating.