BREAKING: Associates Like Money

In a startling piece of investigative journalism, the ABA Journal is reporting that associates who get paid the most are apparently the happiest with their compensation. The article explains that, according to a recent survey, “midlevel associates are most satisfied with their compensation at Wachtell, Lipton, Rosen & Katz, which paid huge bonuses last winter ranging from $175,000 to $215,000. That compares to median New York bonuses of $55,000 to $80,000.”

The article also busts wide open that well-guarded law-school secret that “interviewing students have little information to distinguish law firms and rely on compensation as a guide.” The madness doesn’t end with law school, apparently. “As associates became dissatisfied with the grind of law firm life,” the article reports, “bonuses or small differences in salary take on an outsize psychological importance.” And we thought they were just in it for the love of the game. Go figure. [ABA Journal]

Photo by Rob Lee

  • lynn

    Acerbic, witty, and engrossing. This is the kind of writing that is missing on TV.
    Great entertainment, whether you are a involved in the legal system or not.
    Keep writing and producing these great pieces……