{ "media_type": "text", "post_content": "I work for a small firm (about 20 attorneys) and make 90k. I’m coming up for a raise discussion in a couple of months but don’t know how to go about it/what is reasonable to ask for. I bill about 35 hrs/week at 400/hr, so I think I deserve a bump, especially considering the posture of the market. Any advice/feedback from similarly situated associates or partners at similarly sized firms?", "post_id": "61e1e3fc6ebc59002bcdd499", "reply_count": 11, "vote_count": 2, "bowl_id": "5dba147dd2d8ac00223b11d9", "bowl_name": "Litigation & Arbitration", "feed_type": "bowl" }

I work for a small firm (about 20 attorneys) and make 90k. I’m coming up for a raise discussion in a couple of months but don’t know how to go about it/what is reasonable to ask for. I bill about 35 hrs/week at 400/hr, so I think I deserve a bump, especially considering the posture of the market. Any advice/feedback from similarly situated associates or partners at similarly sized firms?

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That seems like an insane jump when you've been working there a year and don't know what you're actually making for the firm. Actually i think that's a drastic jump even without those considerations. You need to know the collection rate and have a good sense of what you could get from lateraling before you ask. I would also factor in whether the firm has a set bonus structure, e.g. bonuses/promotions reviewed every other year or something. I would be really careful asking to have your salary increased by over 1/3. I don't think it really hurts to ask for something if you've done the math, and it matches (or the lateral market supports it) but that kind of jump would make me question your connection to reality even beyond this salary conversation. You don't want to ruin a good thing if you're otherwise happy.

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But how do I determine the collection rate? Depending on the rate, the firm may be the one disconnected from reality. Why do you assume it’s an insane jump when I may be getting significantly underpaid?

What market are you in? What type of law do you practice (obviously this is the lit & arb bowl, but what type of lit)? $400/hour is a lot relative to $90k salary. 35 hours a week is not a lot though. Do you know what your collections look like? General rule of thumb is you should make at least 25-30% of your total collections. Also, do you have a good bonus structure?

I’m at a small firm in NYC with half as many attorneys and I make 130k. You should be doing better and if they can’t do that for you, you should go to a firm that can.

I’ve never been at a firm where the associate gets to ask for/determine the raise; you are told what it will be. Bold move, but I don’t see the firm being too receptive. Instead of asking for $X I would highlight all of the value you are bringing and hopefully they take that into consideration consideration.

No my raises are based on my hours and my performance. I submit a self evaluation where I highlight all of the value I’ve bought and that is taken into consideration when raises/bonuses are paid out. But no, when I sit down with the partners and they say “You did a great job, we’re giving you a $X raise” I don’t try to counter that. Maybe I’m leaving money on the table but I don’t think they would respond well to that at all.

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What are promotional raises looking like for your firm from associate to senior associate? Apparently GT is only doing a 7% raise (per multiple folks in the GT bowl). In the past, most folks have received at least 15% up to 25% if you exceeded expectations, from what I’ve seen. If other firms are higher, I might consider jumping boats because 7%, even mid pandemic is a slap in the face. Especially for someone who exceeded expectations.

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Anyone transfer from big 4 to GT? What was the raise they offered you?

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Possibility of no raise.... did I hear that right !??

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I’m pretty down today and wanted a few opinions. I just turned 37 and have been a director for almost 3 years. I had a check in today with my boss and she basically said I wasn’t up for a promotion this cycle. That crushed me because I have been working my butt off to get promoted. This isn’t where I saw myself at all at this age. Not that I’m old but I’m way older than most of the VPs at my agency and feel so behind in my career. Trying to get out of the negative head space but can’t shake it.

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Mid-Year Hike Check (Except Assurance SL): Service Line: Sub Service Line: Current CTC: Current Designation: Hike Percentage: Promotion/Progression: New Designation: New CTC: YOE as of Dec'21:

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Asked my boss for a raise today, but it doesn’t sound like I’ll get anything or much because they’re afraid I might make too much more than my peers. I get high performance ratings consistently and raises every year so I’m not sure what my future will be here. Anyone else experience this? I do really like my boss but is this a sign to leave?

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Hey!!! Excited to be part of this community. I am going to negotiate my salary after receiving a promotion. When I discussed it with my manager he said that I don’t have a leg to stand on. Instead of supporting me through this conversation he made me start doubting my value and what I bring to the table. I am planning to still negotiate but need help on the how to. Would love advice and support. 🙋🏽‍♀️

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Just heard EY has pretty decent raise this year! Could someone from EY please share what’s the salary for manager 2 and 3 in NY office, core tax group? Potentially thinking about transferring… TIA!

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Pwc deals - Are we going to do promotion twice a year starting from this year (ie Jan and July)? Heard a rumor

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Denied early promotion (3yrs to S1) which i thought was BS. On the current track (FS) I will not make six figures within 2yrs (an internal goal). Somehow, miraculously, I received a tier one rating in my promotion even though my busy season snapshot wasn't hot. Now, working with a recruiter to get into the PE space and also had RSM advisory reach out. Thoughts? In addition to T1 I requested in the spring and was transferred to a new HNW client for this upcoming busy season.

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I have been at a large, well-known agency for a while but thinking about making the jump to a small/mid-size firm for a big raise and promotion. Should I be worried about “prestige?” Will it be impossible to go back to large agencies in the future? Would love to know everyone’s thoughts.

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When people call going from Staff 1 to Staff 2 a promotion. No. Stfu. You have achieved nothing besides existing for another year.

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How long does one have to be a strategy director, before they can expect a promotion to VP?

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Looking for some advice from shot callers. I work at a national PA firm. I’m up for promotion to senior in a few months. Is there a point for me to discuss compensation expectations with my career coach (a partner) and MPO? If I had good reasons for why I should receive a certain % raise, will it make a difference?

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Heard I won’t be promoted this cycle and also got an offer from my client for a 20% raise, which was roughly what I expected with a promotion. I like my job now. What would you do if you were me.

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Just got a raise to 60k+ 6% of deal fees at no name boutique. Am I underpaid as an A2? Base didn't go up but % got bumped 2% from 4.

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Tier 1 12% raise. Is that comparable within NYMetro?

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If the salary I reported is $1k off official because I included cash awards, would that raise a flag with revera / background checks?

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Me a guy , but my director who recently gave me a promotion says I look cute and would look great as a female... little strange comment to hear this from a male

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Week 3 of 12 week project. I cherish the 3 days at home :)

Is it true that EY is saving on travel costs by parking motor homes outside client sites? Genius!

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First it was paying down student debt (for 2016 associates) and now there’s a benefit for females back from maternity leave. How about a perk for those who make this firm $$ now w/ 15 hr work days?

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When your client has a stick up his ass all day everyday...relax and smoke a joint dawg

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Upvote if you contemplate leaving our industry at least once a month

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When the client comes in hot trying to prove you fucked up & you have proof in writing that they told you to do it. HUZZAHHH🎉🙌🏻💃🏻

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Ethics training this morning: "examples of inappropriate behavior are.. Repeated, blatant disregard for personal time" 😅😆😂 don't piss on my feet and tell me it's raining

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