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I’m a west coast associate. Small firm, 2 partners, 2 associates (myself included). No billable minimum also with a discretionary year end bonus. I started in April 2019 at 90k; just had my annual review last week. Was increased to 100k salary, doubled my monthly expense account, and a 5,000 bonus. I billed right at 1200 hours in 9 months. So, for me, I think it’s a fair compensation model for not having the 1800+ billable hour requirement. In my opinion, it comes down to compensation vs work life balance.
Thanks for the insight!
Cont. (plus discretionary bonus at year end). Seems like a place I could learn at and grow (practicing for close to 4 years in similar area). Am I fool for taking such a steep cut, given covid? Am I being lowballed? Is it better to revist salary convo in 4 months rather than bothering to negotiate small increase in offer to prevent bad taste in firm's mouth?
See I don't think I could live on that and would go solo before I took that but if you don't have any better options then go for it.