August 5, 2008 4:51 PM
ASSOCIATES SURVEY 2008: On The Money
Posted by Ed Shanahan
Over the past two-and-a-half years, firms with greatly different profit margins have rushed to match each other in associate pay. But in both our 2007 and 2008 midlevel surveys, satisfaction with compensation increased less than 1 percent over the prior year. (In the current survey, the average score for satisfaction with compensation was 4.04 on a 1-to-5 scale, with 5 being the highest possible score.)
Clearly, satisfaction with compensation is about more than just money. It's status, security, and sometimes even a substitute for what's missing from big-firm life.
The chart below shows the firms that scored the highest and the lowest on midlevels' satisfaction with compensation. Amy Kolz's full compensation report is available at AmericanLawyer.com.
Note: Click on the image below for a larger view.
Make a comment