What do counsel make year 1 at your firm? Please drop firm names, this is an anon app anyway!

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$450k or thereabouts is pretty common. $115/125k bonus as well.

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$20K more salary, 0 more bonus than 8Y. V50

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Mine is black box. Counsel can make less than 5th years or more than low-level partners. V75.

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What happened to dropping names?

likefunny

$400K and notoriously cheap/blackbox when it comes to bonuses. Not going to name names, but I think some will probably guess.

helpful

A4, it's about $10K more than seniors on base, but may be less all-in once you factor in bonus.

$25k more than 8th years.

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$50k more salary, same bonus as 8th year associate.

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Firm ranking?

😂 waiting for the ratio

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It was $15k more than senior associates when I was raised, which is substantially less than senior associates make now. I assume it adjusted up with associate salaries.

helpful

When I lateraled to my current firm I made $500k as counsel in my first year. Was already counsel

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About a mil

Most of the top firms will negotiate that for lateral counsel. Think top M&A / finance shops. Both sides. Usually that’s with a promise of a short look to partner, so it’s not for newly-minted counsel, but for those with 2+ years as counsel.

Think of it this way—firms are cheap AF. So if they promote you to counsel, they’ll just pay you slightly above SA. But as you get good, up to NEP level good, then firms will fight to recruit you as counsel because they’re getting an NEP-level talent in the form of a counsel for cheap.

They get to bill you out at partner rates, but never have to worry about offering you equity or keep you happy climbing that NEP ladder. Counsel like that print money for the partnership.

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