How much do lawyers at Simpson Thacher make?

We are committed to providing top compensation and benefits to our attorneys. First-year associates earn a salary of $205,000. All associates in good standing receive a bonus at year-end. To enable new associates to get settled comfortably, the Firm also advances up to $10,000 prior to joining the Firm.

How much do Simpson Thacher partners make?

Simpson Thacher & Bartlett LLP, a frequent target of Kirkland’s poaching efforts, has boosted the range between highest and lowest paid partners from less than 4-to-1 to about 6-to-1 in recent years, according to one partner. Top partners earn about $9 million.

How much are bonuses at law firms?

Many top U.S. law firms are also handing out “exorbitant” signing bonuses, ranging from $20,000 up to $100,000 for corporate practice attorneys, Eberhard said. Business Insider reported that mergers and acquisitions associates at Kirkland & Ellis are getting signing bonuses as high as $250,000.

Is Simpson Thacher a good place to work?

The firm’s raked in more than 40 rankings in our sister publication Chambers USA including top spots nationwide for banking and finance, capital markets, elite corporate M&A, insurance disputes, private equity fund formation, real estate, securities litigation and tax.

How much does an associate make at a law firm?

Associate Lawyer Salaries

What does it mean to be an associate at a law firm?

An associate may be a junior or senior attorney, but normally does not hold an ownership interest in the firm even if associated with the firm for many years. First-year associates are entry-level junior attorneys and are generally recent law school graduates in their first year of law practice.

Do law firms give out bonuses?

The bonus culture in private practice law firms does exist but it is not usually in the same category as bonuses in banking. Instead, it is more common to receive bonuses between that are 2-8% of annual salaries per annum depending on the type of law firm, target hours and contributions to the firm.

What is Simpson Thacher known for?

Simpson Thacher & Bartlett LLP is widely recognized as one of the pre-eminent law firms in the world. The firm devotes to its clients the legal talent and skill of over 1000 lawyers with a commitment to hard work, excellence and integrity.

How much do first year associate lawyers make?

The most common starting salary for first-year Big Law associates was $190,000 in 2019, according to the National Association of Law Placement. However, many Big Law firms instituted pay cuts in 2020 as a result of the ongoing pandemic.

Is an associate higher than a solicitor?

Associate – solicitors not at partner level but more senior than an assistant solicitor.