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
51 Davis Polk & Wardwell $179,844 $33,455 $213,299 62.7 $68.04
52 Mayer, Brown, Rowe & Maw $175,680 $22,640 $198,320 58.3 $68.03
53 Bingham McCutchen $174,063 $20,119 $194,182 57.1 $68.01
54 Kelley Drye & Warren $176,923 $13,952 $190,875 56.4 $67.69
55 Paul, Hastings, Janofsky & Walker $170,847 $21,843 $192,690 57.1 $67.49
56 Loeb & Loeb $165,000 $15,000 $180,000 53.4 $67.42
57 Goodwin Procter $178,276 $14,536 $192,812 57.3 $67.30
58 Andrews Kurth $158,636 $16,500 $175,136 52.1 $67.23
59 Sheppard, Mullin, Richter & Hampton $173,269 $8,100 $181,369 54 $67.17
60 McDermott, Will & Emery $175,352 $17,176 $192,528 57.8 $66.62
61 Wilson Sonsini Goodrich & Rosati $172,128 $20,964 $193,092 58 $66.58
62 Chapman and Cutler $155,667 $12,432 $168,099 50.5 $66.57
63 Baker Botts $163,769 $14,929 $178,698 53.7 $66.55
64 Kenyon & Kenyon $168,462 $21,023 $189,485 57.4 $66.02
65 Cravath, Swaine & Moore $181,316 $35,439 $216,755 65.7 $65.98
65 Pillsbury Winthrop Shaw Pittman $171,333 $13,754 $185,087 56.1 $65.98
67 Akin Gump Strauss Hauer & Feld $164,519 $20,255 $184,774 56.2 $65.76
68 Winston & Strawn $166,000 $22,232 $188,232 57.4 $65.59
69 Jenner & Block $175,132 $15,170 $190,302 58.2 $65.40
70 Dickstein Shapiro Morin & Oshinsky $172,727 $13,150 $185,877 57.4 $64.77
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