Quote:
Originally Posted by Unregistered
Hi,
I am a trainee at a small firm and am wondering what is the current market pay for associates in a small firm around CBD area?
Also whether the bigger firms are a good place to start out as a fresh graduate or would staying in a small firm be a better place? (The small firm has good work life balance but I am afraid I might get very low pay hence finding out the market rate) Thanks!!
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It depends on the firm, some firms pay market rate, some pay far less. The size of the firm matters alot less than the type of work you do (if you are practicing family/crim law, or general "I do everything" law, that's usually lower pay).
However, you can usually tell how much you'll be getting by how much you're getting for tc. Are you getting the standard 2k-2.5k? If not, you're unlikely to get market rate pay.
If your firm is cheap enough to want to save like 200-800 off market rate (i.e. paying you 1.2k to 1.8k for TC), they are unlikely to bump you to market rate afterwards.