For the second year in a row, this law firm is the top-paying Best Company to Work For. Lawyers fresh out of school get starting salaries of $160,000 a year, topped off with fat bonuses. (Non-attorneys are eligible for bonuses too.) Bingham, which prides itself on keeping pay scales “competitive at all times,” looked at compensation at other law firms in mid-2007 and immediately boosted pay a hefty 20%.
Bingham, which enjoyed a lengthy growth spurt fueled by a series of mergers, pulled in its horns a bit after the financial crunch hit last year. The firm laid off 2.5% of staff, offering severance ranging from four weeks’ to six months’ pay.
I’d check the rest of the list to see if there are more law firms, but it’s one of those idiotic, unnecessary “slide shows,” and I don’t have the time or patience.
The firm has been awarded similar accolades by the San Francisco Chronicle and Boston Business Journal.
Bingham McCutchen LLP is an international law firm with approximately 1,000 attorneys in 11 US offices and three international offices. It represents clients in corporate litigation, cross-border restructurings and insolvencies, financing and securities, government affairs and a wide variety of corporate and technology transactions.