Summer pay higher than expected...? Forum

(On Campus Interviews, Summer Associate positions, Firm Reviews, Tips, ...)
Forum rules
Anonymous Posting

Anonymous posting is only appropriate when you are revealing sensitive employment related information about a firm, job, etc. You may anonymously respond on topic to these threads. Unacceptable uses include: harassing another user, joking around, testing the feature, or other things that are more appropriate in the lounge.

Failure to follow these rules will get you outed, warned, or banned.
Anonymous User
Posts: 428107
Joined: Tue Aug 11, 2009 9:32 am

Summer pay higher than expected...?

Post by Anonymous User » Tue Mar 20, 2018 1:26 pm

Received an email describing specifics of my upcoming summer associate gig.
Salary is $7,500 every 2 weeks ($3,750/week).

This pro rates to $195K over 52 weeks, which obviously is considerably higher than base market ($180K) at top firms, and is clearly higher than the circa $3,500 that typical summers make a week.

What explains this? Impending salary increase that I haven't heard any murmurs about? Rounder number? Supposed to play the role of a bonus? Any insight would be appreciated

paperrev

New
Posts: 97
Joined: Wed Sep 25, 2013 12:18 pm

Re: Summer pay higher than expected...?

Post by paperrev » Tue Mar 20, 2018 2:15 pm

Don't look a gift horse in the mouth.

Anonymous User
Posts: 428107
Joined: Tue Aug 11, 2009 9:32 am

Re: Summer pay higher than expected...?

Post by Anonymous User » Tue Mar 20, 2018 2:21 pm

Kirkland just really likes you!!!!

KM2016

Bronze
Posts: 282
Joined: Wed Jul 09, 2014 1:20 am

Re: Summer pay higher than expected...?

Post by KM2016 » Tue Mar 20, 2018 2:27 pm

I'm almost positive it's $7,500 semi-monthly, not bi-weekly, which comes out to $180k for the year. Most firms pay semi-monthly, so it wouldn't make sense to pay summer associates bi-weekly.

Anonymous User
Posts: 428107
Joined: Tue Aug 11, 2009 9:32 am

Re: Summer pay higher than expected...?

Post by Anonymous User » Tue Mar 20, 2018 2:34 pm

Are you sure it's $7500 every two week and not twice a month?
Most firms pay twice a month, so 24 pay periods a year, not 26.
$7500 x 24 = $180k
If it is every two weeks, enjoy the extra $$.

Want to continue reading?

Register now to search topics and post comments!

Absolutely FREE!


Anonymous User
Posts: 428107
Joined: Tue Aug 11, 2009 9:32 am

Re: Summer pay higher than expected...?

Post by Anonymous User » Tue Mar 20, 2018 8:26 pm

Semi-monthly (twice a month, or once every two months) and bi-weekly (twice a week, or once every two weeks) can mean the same thing. They're both vague terms.

You will be paid twice a month, which is 24 times a year. 24 * 7.5k = 180k

User avatar
BeeTeeZ

Bronze
Posts: 203
Joined: Thu Nov 24, 2016 5:26 am

Re: Summer pay higher than expected...?

Post by BeeTeeZ » Tue Mar 20, 2018 9:02 pm

You just failed your first summer assignment: reading and understanding the terms of your position. Whatever they are paying you, its likely too much.

Want to continue reading?

Register for access!

Did I mention it was FREE ?


Post Reply Post Anonymous Reply  

Return to “Legal Employment”