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So many of you are focused on whether OP’s firm is actually elite. 🙄, such a classic attorney move. Answer OP’s original question and save your prestige obsession for another thread.
OP, for what it’s worth, I think your pay is low but justified based on your collected revenue.
Sounds like you have decent wlb. However, I’d consider looking for another job if you want a significant bump ($10k is not a significant bump).
Agree 100%
OP be VERY careful about the numbers supplied by responses to this post. I noticed that no one included the geographic region in which they live. Very few people remember that your salary is based (in part) on your market and this bowl appears to have a large number of attorneys from HCOL areas like NYC and California. That is going to dramatically skew the numbers and respondents typically forget that their reality isn't everyone's.
To get a true answer, I'd encourage you to update your post to include your location and do your own market research to help you understand what the salaries are like in YOUR market. That will give you useful data points to help you understand if your ask is reasonable and you'll be able to present this data to your firm's leadership when you make your case.
Pro
Location isn’t relevant since we know OP’s collections. Using the rough 1/3 of collections for comp is applicable regardless of geographic region.
Can'thurt to ask. Furthermore, it looks like you are worth it considering the revenue you brought in and the firm seems keen to retain talent !
Unless you are in a VLCOL area, I believe you are underpaid. Criminally underpaid if you’re in a HCOL+ area.
Go for it. I asked for a $40k raise as a second year and got it within 2 hours.