In the latest update on salary scales within the corporate legal field, Pillsbury has reportedly adjusted its compensation plan to match the prevailing salary scale. This comes following a potential merger earlier this year.
A somewhat unique pay scale is used at Pillsbury. Compensation ranges from $225,000 for first-year associates, gradually increasing with experience, up to $435,000 for a Counsel position.
- First-years: $225K
- Second-years: $235K
- Third-years: $260K
- Fourth-years: $310K
- Fifth-years: $365K
- Senior Associate 1: $390K
- Senior Associate 2: $420K
- Counsel: $435K
Additionally, Pillsbury maintains its established market bonus and super bonus formula. This represents an increase based on the corresponding class year and, according to past practices, an additional $50,000 on top of these figures for top performers.
This news continues the overall trend of substantial compensation increases at major law firms, demonstrating an ongoing effort to secure and retain high-caliber legal talent within competitive markets.
Salaries and bonuses are crucial factors for attorneys when evaluating and comparing job opportunities. That being said, law firms should continue to closely monitor these trends to remain competitive in the recruitment market, while maintaining financial stability.
Read more about this on Above the Law.