First-year associate here. For all those who have lateraled in this market, do you recommend I make the jump to a bigger law firm? I love my partner and enjoy the work, but the compensation is extremely low for comparable mid-size firms. I bill over the minimum billable requirements every month, and I’ve been told I’m a good associate and have good work product. Lately, it’s hard to feel motivated knowing that I’m billing as much as people making double what I make.

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Yep that’s tough. But so is finding that you love your partner and enjoy the work. I did the same thing and left for a bigger firm and doubled my salary. Problem is, I never found a culture like the firm I left and i missed the people a lot. While Id never return and probably couldn’t bc they took me leaving so personally, I don’t regret making more money. Just know that money isn’t everything and be open minded about the culture of big firms being different.

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Have you talked to your partner about this? If they value you, you can always talk to them and tell them that they need to pay you at your value and if they can’t, then you should think about leaving. I have been at my current non-profit for 2.5 years and I love everyone here, but the pay plus some micromanaging tendencies that manifested during the pandemic made me consider the jump and the new firm is paying me $15k more.

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@associate3 the billable requirement for first-years is 160 per month/1920 total

If you're in private practice, the money matters. If you're billing hours and worried about your fees, etc., you should absolutely be thinking about it. If it wasn't about the money, we would be doing government work or legal aid work (both of which are great , honorable paths) or something else that is not about the money. About a year out, I'd talk to some recruiters and make sure they know what you're looking for. There are better salaries that still have good bosses.

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If you need the money, leave. Yes, money isn’t everything - unless you don’t have money, then it is everything. Go big law until you pay off your debt, build up a cushion, and have a nice security blanket to lean on. Take it from someone who grew up on food stamps, financial security will allow you to enjoy life more fully.

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You can’t pay your bills with good culture and a friendly partner. As someone who just made the jump to a slightly larger firm literally 4 blocks down the street and with an opportunity to now basically double the salary I was making with the bonus structure- it just put into perspective that the “nice” firm I was working for was really just using that as a way to chronically underpay me for the work I was doing compared to the current market. They were doing the bare minimum and sold it as work/life balance. It took bringing them a competing offer just to get them to put up a counter offer package that couldn’t even match my new base pay. Plus they wanted 250+ more hours than my new job for less pay? My old firm still thinks it is 2011 in terms of hiring associates. I spent over 4 years at this place, and got 1 raise the whole time- now all I can think is why the hell did I not leave sooner… and I just heard back today from the other associate hired with me originally is also leaving too- they have gone from 7 associates to 1 in 6 months! My advice- leave and don’t look back.

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How big is your current firm? I went from a 40 attorney firm to a bigger midsized firm (almost 200 attorneys) and I’m much happier. Better support, steadier work flow of more sophisticated matters, better comp.

@author, ohhhhhhhhh yeah ID is a race to the bottom for rates. That’s the issue here, sorry to say.

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