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Fam, need an advice. Asking for a close friend. He has 2 offers 1. Jpmc: ctc 21 lakhs(excludes bonuses) 2. Morgan stanley through third party: ctc 27 lakhs (includes everything) Which is better in terms of career growth,job security? Work is sort of similar in both. #Morgan Stanley #JPMorgan Chase
Hi, Is Trading & Investing in stocks banned for software engineers in JP Morgan? What about Mutual Funds, are they restricted/monitored ? Can we trade in Futures & Options ? If not equity stocks, can we trade in commodity exchange? Or maybe Forex exchange? Or Cryptos? Just want to know the boundaries of trading & investment and work accordingly! What are your experiences?
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Those big firms represent a small minority of legal employers. The median salary for an attorney is like $150k. Those bonuses are not even remotely the norm for most attorneys. I would venture to say that most attorneys do not even receive monetary bonuses. My first few years out of law school my bonus was basically an extra paycheck. As for WFH/hybrid, those jobs are out there, with the full WFH jobs dwindling post-covid.
Small firms are so so variable. If you are unhappy with your compensation and flexibility to work from home, apply to see if you could get something better.
I have a 300k a year wfh job! It's not in the law though. I ride a unicorn through the gumdrop forest collecting fairy dust and the sweet dreams of tired puppies.
15 attorney T&E boutique (soon to be 12) and most of the attorneys are on some form of hybrid schedule. Only maybe 3 of us are there 5 days a week. The rest vary from 2-4 days in the office. I'm one of only 3 associates so I can't really speak to partners take home, but I'd guess it range from 400k up to close to 1M. My TC is around 140k all in.
I’m also a 7th year but I’m in house. My TC is around $300k. I changed jobs this summer so my gross income this year will probably be around $250k. Next year and the following years will be around $350k+. My bonus this past March was $37k at my last company and it’ll be around $57k at my new one. I’m in the office twice a week. Typically work 9-5 but some weeks can get crazier (last week was).
So you’re in New Jersey or Delaware
I started at a boutique and after hearing how bad big law was for 5 years, I moved to an AmLaw200 firm and it got easier (not the case for most). The boutique was underbidding work so while my rate went up, the amount I could charge was higher because the partners were good at originating. At an AmLaw100 firm now and so glad I kept moving up. As a partner, it’s drastically helped me build a nice book.
I was already billing over 2000 at the boutique firm because I wanted the bonus. The pressure wasn’t there at either place to bill lots of hours but they supported my desire to do so and paid me for the hours.
I work remote at a small firm. 2 full time attorneys. TC is $277,000.
Echo all of the comments. Small firms that market themselves as elite boutique lit or transaction firms with high brates generally will pay well. Firms in the vault 100 located in HCOL areas will pay top dollar comp and bonuses. Unless you’re an ambulance chaser that has success or luck with a high value injury case or you have a book of business that generates considerable revenue, you’re not making close to that kind of money.
Small firms do offer hybrid schedules and you can make upwards of $300K if your compensation model allows you to do so. Working for a small personal injury firm where you’re getting a base salary and a percentage of the fee on cases you settle and generate yourself can get you to $300K or more. This is based on personal experience.
Salary is largely dependent on billing rates. What rate do you bill at?
I know plenty of solo attorneys who make $300-$400 k. The associates who work for these firms are not making that or these high bonuses. So, I hope that answers your question.