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Mentor
It is pretty safe to assume that firms with multiple offices in secondary markets (e.g. Denver, Minneapolis, Phoenix, Charlotte, etc.) you can assume they likely don't pay market to those associates.
Mentor
This.
I've been at similarly-ranked (but lower in AmLaw100) firms. 1 paid abive-market, 1 paid way below.
Has less do to with ranking, and more to do with firm profitability.
The new trend is firms paying market everywhere from years 1-3 then drastically lowering comp.
Enthusiast
Yep, this is what Dentons does
What do you mean by “market”? Market pay is different in each, well, market, so most firms pay less in offices outside of the HCOL markets like NYC and SFO but the comp might be more in line with the market the office is in.
Mentor
Yup! Market salary and bonuses. Part of the reason I went to Chicago instead of NYC. Goes a lot further here. I’m not a TX person but we pay the same for those offices too.
Subject Expert
Why do we care that firms with offices in LCOL cities aren’t paying the same there as they do in NYC and SF? You’re still making more there when you do cost of living analysis not to mention taxes
Foley pays “market” in every city, including smaller ones.