Job Title: Associate
Location: Boston
Submitted on: 16-Jan-04
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Job Title |
Salary
Survey |
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$125,000 for a first year
130,000 for a second year
135,000 for a third year
150,000 for a fourth year
Bingham's salary structure is unusual in comparison to many other firms in that
its increases only $5,000 each year until the fourth year. Most big firms
increase by $10,000. The result is that a second or third year at Bingham makes
less money than their counterparts at big firms. Third year lawyers are
particularly penalized because they make $10,000 less than their counterparts.
On
the other hand, a fourth year associate makes $5000 more than his/her
counterparts. This salary structure penalizes second and third years, especially
laterals who could choose to go to other firms, and makes it seem that Bingham
is
not up to speed with the other law firms in the region.
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