Vault Guide to the Top 100 Law Firms, 2018 Edition.pdf

Junior partnerssenior associates who have preferred

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junior partners/senior associates, who have preferred junior associates. Your workflow will depend in part on who you impress and how much work they have to send downstream.” • “Baker Hostetler has a flexible work environment. Attorneys may work from the office or home as long as the work is being completed. Work is distributed based on the needs of the project and the client.” • “Work assignments for associates are definitely a marketplace, where you must demonstrate your value to the partner involved (i.e. how cheaply can you get it done for the client and at what quality). If you do a good job, you keep getting the work, but if you are unsatisfactory then the partner will just go elsewhere. I have seen few examples of partner sticking with someone, helping/training them to get to the appropriate level; it’s more typical that the partner will try to find someone else in the associate ranks.” • “My hours are reasonable, but can be up and down. I often work from home in the evenings rather than staying late, and have never been told this was an issue. Sometimes, I do have to hunt for work.” Compensation • “Compensation is not top-of-the-market, but the hourly expectations aren’t either. Overall compensation is tied to your prior years’ performance such that you are paid an appropriate percentage of collected billables that you generate.”
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521 Vault Guide to the Top 100 Law Firms, 2018 Edition BAKER & HOSTETLER LLP • “Bonus structure is non-progressive and not transparent. Compensation is not terrible, but the firm only matches Cravath scale for the first year resulting in a large compression of wages for 2-5th year associates which leads to the feeling of being much more valuable as a more senior associate, but being paid not substantially differently than a considerably less competent first year associate.” • “While multiple Baker offices matched recent salary raises in various cities, my office did not match the salary raises occurring in my city. From a firm-wide perspective, the decision to match or not match in certain cities felt completely arbitrary and unfair. From a local perspective, it is difficult to watch our competitors’ salaries rise while ours remain stagnant. To this end, the salary increases between years at Baker are extremely minimal compared to other firms of our size, such that any differences in compensation between Baker and its competitors increases significantly over the years. It’s tough to swallow the fact that a first year associate at our top competitor in town is making more than a fourth year associate at Baker.” • “My base pay is market for big law, but I don’t believe the bonus structure is—we receive a 5% bonus for hitting 1950 hours, and up to 12% discretionary bonus.” Quality of Work • “I spend most of my time on quality, interesting legal work.
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  • Fall '16
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