New York - Consistently high base salaries, with significant increases in the last two years
Average total compensation (base and bonus) has increased by nearly $100,000 over five years, reflecting the high demand for Associates in corporate, finance, and litigation. In 2019, average total compensation across all class years sat at $330k and $425k in 2024.
San Francisco - San Francisco High base salaries with some notable increases, particularly in tech-related practice areas
San Francisco’s legal market, particularly in tech and IP groups, has seen robust salary growth over the past few years. However, a slight dip in 2024 may indicate some market adjustment or shifts in demand for certain practice areas.
Washington, D.C. - Steady increases in salaries, particularly in regulatory and government practices
The legal market in Washington D.C. has experienced strong salary growth, especially in regulatory and government practices. A fluctuation in 2023 suggests a temporary market correction and changes in hiring trends.
Los Angeles - Similar to San Francisco, High base salaries with some notable increases, particularly in tech-related practice areas
Los Angeles has seen a significant rise in base salaries alone, particularly in corporate and entertainment. The sharp increase in 2024 highlights the growing competitiveness of the market.
Chicago - Moderate salary increases with some fluctuation
Chicago’s legal market has shown steady salary growth, with notable increases in corporate and litigation. The fluctuations we have seen suggest varied demand across different practice areas impacted by market conditions.
Boston - Gradual salary increases with minor fluctuations
Boston’s legal market has seen consistent salary growth, particularly in IP and corporate. The minor fluctuations point to overall market stability.
Atlanta - Significant increases, especially in recent years
Atlanta’s legal market has become increasingly competitive, with substantial salary hikes in corporate and real estate. The recent surge in salaries reflects the market’s growing prominence.