<p>Are the salaries of BIGLAW associates the same regardless of which city one works in? For example, do the associates in Orange County make the same as those in SF/NYC? Im from Orange County so I would love to be able to go back once I graduate law school (Im aiming for a T5--I have a 3.95/171). Are the jobs in the smaller legal markets like OC more difficult to get than those in the larger ones like LA/NYC?</p>
<p>Any advice would be much appreciated. Thanks in advance.</p>
<p>I don’t know the answer to your second question, but generally the salary tends to be the same in all of the major cities, going down in the areas where the COL is very low.</p>
<p>Take for example DLA Piper, a very large firm, whose salaries are the same in the majority of the country’s cities (70%).</p>
<p>Nick, thanks for the link…do you know if DLA Piper is unique in this respect or is it fairly common for firms to pay about the same salary regardless of location?</p>
<p>Sally, like Nick mentioned, I understand that salaries differ slightly depending on the COL. However, based on your experience, do salaries within the same firm differ even if the COL is very similar (i.e. OC/LA/SF have very similar COL, so would you expect the salaries to be similar?)</p>
<p>DLA Piper also released this statement to its attorneys and staff last week:</p>
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<p>Many firms are firing attorneys (including first years, as was the case at DLA Piper, who have no experience and little chance of finding alternative legal employment), freezing salaries, taking associates off of lockstep compensation and suspending bonuses. Even firms that once had similar salaries across offices are now changing that model. The only thing that is certain is that any policies that have existed to date at BIGLAW firms in terms of compensation and job security have now gone out the window.</p>
<p>Sallyawp: We have received marketing letters from our Biglaw firms, letting us know that they are working to be as cost-efficient as possible and also have frozen salaries at last year’s rate to help their valued clients. I imagine the Merger & Acquisition and IP lawyers are having a slow time these days, as companies cut back on capital spending, research & development and other discretionary spending. </p>
<p>On the other hand, labor lawyers may be having their best opportunities in years, advising on the changes being implemented by the Obama administration. Energy lawyers may also not be too worried about work right now. Bankrupcy and debt restructuring guys are probably busy too. There are obviously cycles in types of practices too.</p>
<p>NZ, the letters that you have received from law firms are fairly common. Many companies are also demanding additional percentage cuts in fees from firms those companies use often. This will hurt the bottom line at these firms.</p>
<p>While some areas of practice are slow and others are busier, unfortunately for many law firms, the areas that are slow are typically some of the highest revenue-producing areas for the firm. For example, when M&A is busy, attorneys are working 7 days a week, literally 24 hours a day. Labor lawyers, for example, rarely bill those kinds of hours. “Busy” is a different thing for an M&A lawyer than it is for many other types of lawyers. Moreover, the effect is that may BIGLAW firms likely won’t be doing too well this year, and we can anticipate many more layoffs at law firms in the not-too-distant future.</p>
<p>SallyAwp - I agree. And what’s even more frightening to the parent of a kid who is excited about going to a 3T school next year, even our insurance defense firms are laying off associates and support staff (partners are working the smaller cases themselves). </p>
<p>On the corporate side, our lawyers are all nervous that declining revenues may result in reductions in force across all functions, including legal. We obviously don’t see any hiring in the forseeable future.</p>
<p>I can’t begin to imagine how this is affecting the legal recruiting business right now.</p>