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I can tell you my Big Law firm pays first year’s $215k base with the same hours requirement. Here, the culture is better than most big firms (from my own perspective and comments from some associates), but some have toxic cultures that really don’t make the higher pay worth it.
Unless you’re in big law, that’s pretty good for having 0 experience. Learn as much as you can, and if you really want to do big law, try to lateral in a year or two.
That sounds about right.
Definitely not underpaid if you’re working in a small to midsize firm at your current level. If you’re in big law, first years usually start anywhere from 205-215 on average.