Did these smaller mostly regional firms always pay market/close to market? It seems to me like many of the firms matching Milbank thus far are AM100 firms that wouldn’t traditionally pay market in the past. For instance, ATL has an article today about a small firm’s Hartford office matching, but I imagine that there used to be more of a salary differential between NY V20 firms and the rest of the market.

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I was at a regional firm outside of NYC. 1950 minimum hours and “competitive salary” according to their website. First years make $135k. Seniors make $175k. Counsel make $200k. Salary partner and junior equity partner around $215k. Bonuses were just about non existent unless you billed 2500 (to which you got a $30k bonus).

I got the F out of there. Many attorneys barely made enough to service student loans, a family, etc. in a HCOL area. It was mind blowing that anyone worked there.

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Sounds like where I used to work, except as a third year I had been making less than $135K lol

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I’m at a medium size firm and got a market bonus last year, although my salary is about 50 below market

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