Junior associate here, should I ask for more money if my firm is about 10-15 percent less hours but about 30 percent less pay? The gap will never be closed to the top pay scale at my firm but when I decided to come to this firm the pay difference was about 15 percent and not 30. Would appreciate any thoughts on how to go about bringing this up without pissing people off because I love the firm and do not want to leave

like
Posting as :
works at
You are currently posting as works at

What you could try is advocate for a better bonus system on the theory that if you're actually meeting hours or exceeding them (and assuming the financials work for you to make this case) then you should share in the wealth or get something closer to a proportional income because of the bonus, which not everyone will get.

Keep in mind that top firms with a requirement of 1900 or 2000 probably have an average far above that. By comparison, my midsize firm has a requirement of 1850 (2000 for bonus) but average is 1650. That shows difference in expectations, your firm may have similar expectations and assume they compensate you according to those expectations.

like

That’s not how it works. You can try, but the partners will just tell you that’s not how your firm’s economics work.

like

I’ll elaborate. The biggest firms bill at significantly higher rates. They can pay their associates these high salaries and have partner profits soar. Partners are smaller firms bill at lower hourly rates than first years at the most profitable firms. They are already giving you a bigger piece of their pie.

like

You should be making roughly 1/3 rate x hours. If you're way low of that then negotiate.

Related Posts

Hi All,
Yoe - 8
SkillSet - Magento Developer
What should be expected salary?

like

Does anyone know comp for an L4 Global Account Rep role (base, equity, bonus). I’m asked to give my expected earnings prior to going into my final round. Any advice would help!

Hi All,

Can i renegotiate compensation with Deloitte after receiving offer from another organisation.
Will they increase my Compensation ?
D just gave me only 30 % Hike on my current Fixed CTC and no JB.
Profile - Automation QA, 6.5 YOE

like

Hi Fishes,

I have 1.6 years of experience in Java, Spring Boot, Angular, Microservices.

If I'm planning to switch how much CTC can I ask for?

Current CTC - 5.8LPA

like

Hello Everyone
I have a offer from pwc for senior associate role for 6 yoe, I have another offer as well.
any suggestions pwc revise offer or match the ctc of another company.

like

EY Hi All, I need your help, i joined Accenture on july 2021,so previous i am not eligible for hike but just before few days my manger told me they gave me, Hike :21% vp:8% with no promotion, they will give promotion in March cycle. Bas ye batana mera kata ya sahi mela😂Accenture

like

What will be the inhand salary? Can any one explain

Post Photo
like

Is an IPO in anyone’s FIRE strategy? Maybe this is specific to the Bay Area, but it doesn’t seem that unrealistic to negotiate enough equity to make $1.5 mill off an IPO. Or maybe I’m dreaming 😂

like

Hi Guys,

I got the offer from JP Morgan in FRDC LOB.

please provide how will be the work life balance & professional growth.
YOE: 6
Tech stack: Java developer
Offered : 23 fixed
CCTC : 13.5

Please provide your valuable suggestions

like

I’ve been working a Boston based commercial lender for about 9 months as a credit analyst since leaving my relationship manager/portfolio manager role in agricultural lending. I’ve been presented with a portfolio analyst role they have created for me (was told not to apply for a PM role) . The offer is for $100k, is this reasonable? I feel like I have leverage due to underwriting 48% of the volume we have booked by myself and my team is 7 other analysts.

like

Hi fishes
A known of mine with 8 years of experience in a leading US Bank industry got an offer from

EXL as AVP/Engagement manager at credit for fintech clients (42+5 LPA)

and

Accenture strategy as Manager in operations for banking (40+3 LPA)

Which one should he go for?
Any suggestions?

like

Does anyone know the salary rage in dallas for a staff 1 in forensics? Specifically IFCS or I&C

like

Hi Fishes,

Can anyone tell what is the variable component percentage for D1/Senior Manager band in Capgemini? And also do Capgemini provide variable pay quarterly Or yearly once?
Please guide.

like

I got H1B visa and 83K USD petition amount as annual package. Here I and my wife both are working and earning 50LPA together. My 7 yr old daughter and my wife will be on H4 Visa and she won't be able to work initially. I am confused whether I should opt for US or stay here only. Thoughts? Suggestions?

like

Hi Fishes,

I'm working in Wipro last year on 25/11/2021.. i have joined Wipro as fresher TRB band but still i didn't received any hike and band progression till now... I have not joined through campus placement... Please guide me when I'll be eligible for hike ...

like

I was just offered a CUNY role. The title is Higher Education Assistant. According to Glassdoor, the average annual pay for that role is $83,418. However, I was offered $62,500. I requested for the minimum annual salary to be 75k. Does anyone have experience navigating the CUNY system and their pay?

like
like

Hi folks,

I have newly joined Thoughtworks. Was hoping to get some help from fellow thoughtworkers.
Other allowances from ctc is not included in compensation plan. How will it be paid then? Directly at the end of the year?

like

Hi ppl,
I heard that for hike, promotion input about performance is taken from TL and teammates and Lumos plays only a very minute role in it. Is this true?

Annual review coming up. Looking for suggestions for asks…

8 YOE, Current 125 base, TC ~140.

Median base for my title/geo ~170 (mean ~166, 0.75 ~226).

Certs: CIPM, M365 Security Admin/Architect, AWS SOA, AN, & Security.

Vet, Inactive TS.

Highlights of the year: flew out on 12hr notice to evac E Europe-based employees & families, plugged 3 exposures before they became breaches, built TVM/privacy program from scratch, onboarded new CNAPP.

(-) Still a student (GIB: BA/MS expected ‘24)

like

More Posts

Forcing me to use my standing desk

Post Photo
likefunnyuplifting

How is CGI work culture and Banglore office?

Is Ericsson planning to have permanent wfh options going forward?

Has anybody invested in Yamuna gaur city or planning to do so?

like

Does anyone have any leads for government contracting roles that involve international travel. I also have a security clearance

like

“Frankly, my dear, I don’t give a mindset”

likefunny

Will I get the yearly bonus if i join in october ?

Anyone at Davis Wright Tremaine and know if they hire remote paralegals on a full time basis or iy through the 6 month contract?

like
like

What should the compensation be for a client onboarding manager in a big financial company?

like

How are my fellow gov lawyers doing with $$$ right now? Anyone have financial strategies or tips to providing for a family on a non private sector salary? I want to stay at my CA DOJ job as long as I can but also want to have kids. Live in LA

like

Not law quite law related but I could use some input: anyone have any luck negotiating lease pricing with a corporate landlord? I originally signed and got covid pricing and now they want to hit me with a 17% increase bc of inflation 🙃

like

How to meet new friends in a new city?

like

What do you do when you need a sub? What kinds of plans work best for subs in the Spanish classroom? I have needed subs lately and have found it hard to plan lessons that aren’t just busy work.

Looking for reasonable hotels in Vegas during new years. Any suggestions between Excalibur, Treasure Island and Flamingo? Any other cheaper options are also welcome!

like

I have 6 year experience in project management.
What is the current market salary?
I am at 6lpa, how much should I expect in my next switch?

like

Does anyone work / know someone working at the startup Truveta?

like

Anybody who joined in @CGI in june got hike?

like

How much does Barclays Noida pay for Model Validation roles at AM level ?

Additional Posts in Corporate Transactional Law

Are there State/federal (or other laws) that govern the closure of a store? The entity owns other stores and will not be dissolving. Just shutting down one of its stores.

likehelpful

I understand a CofC is triggered in an equity deal, but is that also triggered in an asset deal (along with assignment, obviously)?

like

What's the best place to find actual transaction precedents other than Edgar, assuming there is none within your firms database? Many thanks in advance!

like

I have billed 4+ hours today helping a partner prepare a 10 slide PowerPoint for a board meeting tomorrow. Let’s say half of the time was fixing spacing and formatting. I really don’t care as I am billing all of it, but am I wrong in thinking this is unjustifiably too common and a waste of time?

like

Any firms in London hiring US qualified associates into their capital markets practice?

like

As the indemnified party, do you exclude Indemnity obligations from the LoL cap?

like

I recently left the gov’t for private practice with a M&A group. How does everyone bill when you are thinking about how to structure it and what docs need to get drafted? I’m learning that billing is an art so any canned language would be great!

likehelpful

What is Citis C12 equivalence in TD? ( I am in Citi Canada and have offer of L10 at TD Canada)

likehelpful

Does anyone have insights into corporate group at Saul Ewing? Culture, pay etc.?

like

Working on a deal where buyer's side keeps on insisting on a POA to effectuate all actions of Seller under the agreement, including executing documents. I keep striking this and commenting that this is not standard. Has anyone dealt with this? I am okay with a limited POA based on the industry of the Seller, but not this general POA.

Anyone else having a very slow start to February?

like

Do any real estate lawyers out there know of/can direct me to a ROFO agreement to purchase commercial property? I’m working on one now (but using a ROFO to purchase equity interests as a basis) and would like to see what other people are doing. Finding a good one has been hard, as this kind of thing isn’t always required to be filed with the sec and every search I’ve done basically pulls up garbage. Also, are there any provisions you’d consider absolutely crucial from the owner’s side?

like

Second year associate looking to switch into transactional practice for a few years.
Which transactional practices have the worst and best non-law exit options (strategy, ops)? I understand M&A is the best, but how about debt finance? Fund finance? Aircraft finance? Thank you!

likehelpful

My boss is asking me to “reconsider” the way I approach a client… I am in charge of this annoying corporate maintenance thing that we do for a client (I.e., making board of directors meeting to comply with some regulatory reporting required. I always end up missing deadlines. How would you reply?

like

Any recommendations for a book/podcast/self study materials for a new finance attorney? I have no background in finance and was assigned to a finance group. Help me!!

like

Anyone have an objection to me pretty much running my timer nonstop on the day a deal closes as a junior associate? It seems fair to me

like

Corporate / M&A folks making moves over the last few months: Got an offer from a top 50 lockstep AmLaw100 firm. 4th year. Not NYC but in a market that was recently bumped up to the previous Cravath scale market. Base is obviously set. What should I expect / negotiate for signing bonus, year-end bonus eligibility, special bonus eligibility, etc.? Any other negotiation considerations? I would say leverage is on my side considerably.

like

So I had 3 deals scheduled to either close end of May or mid June which were all pushed to end of June/beginning of July. Which is when I have my first vacation planned for over a year (I take 0 time off). My whole family is flying up and we’re renting a cabin near me. What do I do? I’m running one of the deals, semi running the other one and not doing much leading on the other one. Note: I was supposed to not be running any of these. Do I find a back up first or tell the partners first?

like

On a contract negotiation call, opposing counsel kept making sports references, such as “You got four out of six here, take the win and leave this one alone” in regards to reasonable modification...

Stupid Question but what IS tech trans? I’ve seen the chambers/vault articles & firm descriptions but I still don’t get it - are you specialists that support deals? Do you manage M&A/capmkts deals for tech clients? Is it mostly commercial contracts? Is it mostly ECVC? Tech Trans lawyers: what’s your day to day like? How is your practice diff from other Corp practices?

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal