About the Ranking

The firms below have the highest paid midlevel associates (3rd-5th years). Per hour that is. This year Kramer Levin Naftalis & Frankel garnered the top honor with an associate pay of $83.02/hour. Rounding out the Top 100 is Vedder, Price, Kaufman & Kammholz with an hourly rate of $56.77/hour, or 68% of the pay received at Kramer Levin. The median hourly rate for these Top 100 firms is $68.09/hour. How much the pay hike at Simpson Thacher & Bartlett will reorder this ranking remains to be seen.

»See also: »Vault Law Firm Salary Charts, »The Latest from the Top Law Blogs, »Best Firms to Work For in New York

Methodology

The hourly rate is calculated by dividing compensation, salary plus bonus, by 50 weeks and dividing that number by the average number of hours worked. The salary information is as reported in 2006 and the bonuses are as reported in 2005.

Only firms for which the AveryIndex has both bonus and salary information were included. Notable firms such as Williams & Connolly, Freshfields Bruckhaus Deringer, Linklaters and Boies, Schiller & Flexner are not represented as salary or bonus information was unavailable. The data for the calculations is principally based on over 6,500 associate surveys (3rd-5th years) from 2005 and 2006. See The American Lawyer's 2006 Midlevel Associates Survey. Only firms with 10 or more respondents are represented.

The Highest Pay Per Hour for Associates

1-10 | 11-30 | 31-50 | 51-70 | 71-100
Rank Firm 2006 Salary 2005 Bonus Total Hours Worked $ per Hour
1 Kramer Levin Naftalis & Frankel $191,250 $27,500 $218,750 52.7 $83.02
2 Chadbourne & Parke $184,583 $32,083 $216,666 53.5 $81.00
3 Patterson, Belknap, Webb & Tyler $187,273 $36,154 $223,427 55.9 $79.94
4 Milbank, Tweed, Hadley & McCloy $182,813 $37,283 $220,096 55.7 $79.03
5 Willkie Farr & Gallagher $183,182 $33,074 $216,256 55.1 $78.50
6 Wachtell, Lipton, Rosen & Katz $187,000 $82,778 $269,778 69.1 $78.08
7 Debevoise & Plimpton $188,077 $37,941 $226,018 57.9 $78.07
8 Allen & Overy $178,571 $39,171 $217,742 55.8 $78.04
9 Cahill Gordon & Reindel $180,833 $56,033 $236,866 60.8 $77.92
10 Ropes & Gray $178,393 $37,806 $216,199 55.6 $77.77
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