Jump to content
123ubc456

Potential Vancouver Salary Bump?

Recommended Posts

Given the recent talks about Toronto associate salary bumps, is there any chance those talks might trickle over and impact the Vancouver market? I've noticed that, unlike Toronto, there seems to be less of a consistent starting salary for associates at large Vancouver firms (ranging from $87k to $110k). Anybody have any insight whether associate salaries in Vancouver might receive a bump of its own or if we're looking at the salary to remain fairly static for the next few years?

Share this post


Link to post
Share on other sites

I don't think the Vancouver market is connected to the Toronto market. The salary discrepancies are already so large that I would think most who would move for money already have. That being said, I have noticed an uptick in the number of new job postings in Vancouver this year. That could lead to higher salaries. 

Share this post


Link to post
Share on other sites

According to NALP Stikeman's 1st year salary is 101 now (up from 98). 

Edited by Hesse

Share this post


Link to post
Share on other sites
On December 14, 2017 at 11:57 PM, Hesse said:

According to NALP Stikeman's 1st year salary is 101 now (up from 98). 

On that note...a number of Vancouver firms that had starting salaries of 94k moved up to 98k

Share this post


Link to post
Share on other sites
Posted (edited)

I've heard that firms in Vancouver are moving to 55K for articling. Can anyone confirm this? Would all major firms be going to this, or just a select few so far?

Edit: Definitely confirmed for some - Blakes website is updated to 55K.

Edited by PJFry

Share this post


Link to post
Share on other sites
2 hours ago, PJFry said:

I've heard that firms in Vancouver are moving to 55K for articling. Can anyone confirm this? Would all major firms be going to this, or just a select few so far?

Edit: Definitely confirmed for some - Blakes website is updated to 55K.

Can confirm that Blakes and 3 other large downtown firms have bumped articling salaries to $55,000. 

Share this post


Link to post
Share on other sites

Jesus, it was less than 55 before? Is that for the 10 months or per annum? 

 

Given Vancouver cost of living, you basically have to go further into debt to article - even at a big firm (slightly exaggerating for effect).

  • Like 1

Share this post


Link to post
Share on other sites
21 minutes ago, pzabbythesecond said:

Jesus, it was less than 55 before? Is that for the 10 months or per annum? 

 

Given Vancouver cost of living, you basically have to go further into debt to article - even at a big firm (slightly exaggerating for effect).

Vancouver's salaries were a significant reason I could justify the extra tuition of Osgoode. 

Share this post


Link to post
Share on other sites
2 minutes ago, BlockedQuebecois said:

Vancouver's salaries were a significant reason I could justify the extra tuition of Osgoode. 

Associate salaries seem to be fine. I'm just confused why there's such a bigger gap between their associated and articling students than other cities' big law firms. I thought Toronto pays something like 70-80 per annum to articling students..

Share this post


Link to post
Share on other sites
4 minutes ago, pzabbythesecond said:

Associate salaries seem to be fine. I'm just confused why there's such a bigger gap between their associated and articling students than other cities' big law firms. I thought Toronto pays something like 70-80 per annum to articling students..

As part of the articling period in Vancouver, students have to do a 10 week course called PLTC before writing the bar exam. Students do not work at the firm during PLTC, but most firms will still pay their salary during this time (as well as the course tuition). Firms are basically getting 9 months of work from their students, and paying $50,000 or $55,000 for the year.

  • Like 1
  • Thanks 1

Share this post


Link to post
Share on other sites
37 minutes ago, hitman9172 said:

Can confirm that Blakes and 3 other large downtown firms have bumped articling salaries to $55,000. 

Thanks. Are you willing to state which 3 and whether you know if they are the only others so far?

Can anyone confirm if they know of large firms which have not given this bump?

Share this post


Link to post
Share on other sites
On 2018-03-21 at 2:53 PM, PJFry said:

Thanks. Are you willing to state which 3 and whether you know if they are the only others so far?

Can anyone confirm if they know of large firms which have not given this bump?

The 4 that have definitely raised articling salaries to $55,000 are Blakes, Stikeman Elliot, Fasken, and McCarthy Tetrault. Unsure of other firms.

Share this post


Link to post
Share on other sites
On 3/23/2018 at 9:41 PM, hitman9172 said:

The 4 that have definitely raised articling salaries to $55,000 are Blakes, Stikeman Elliot, Fasken, and McCarthy Tetrault. Unsure of other firms.

Can confirm DLA Piper and Norton Rose have as well.

Share this post


Link to post
Share on other sites

Most of the large firms also offer bonuses to summer students that return to article with them. These vary from $5000-$7000. Though the bonuses go towards tuition and books, I think it's still fair to consider them a part of articling students' compensation. 

Share this post


Link to post
Share on other sites
1 hour ago, Hesse said:

Most of the large firms also offer bonuses to summer students that return to article with them. These vary from $5000-$7000. Though the bonuses go towards tuition and books, I think it's still fair to consider them a part of articling students' compensation. 

You can, however you can't take the tax credit for that tuition, so it works out to a somewhat smaller bonus in the longrun. 

On the other hand, yoy get it in the summer, so it comes earlier. 

Share this post


Link to post
Share on other sites
On 4/1/2018 at 1:21 PM, Hesse said:

Most of the large firms also offer bonuses to summer students that return to article with them. These vary from $5000-$7000. Though the bonuses go towards tuition and books, I think it's still fair to consider them a part of articling students' compensation. 

That's a bonus for summer students. Students who did not summer are not given this bonus. I'd say they are distinct. on that basis.

Share this post


Link to post
Share on other sites

There’s data publically available for articling and first year salaries in Vancouver. Does anyone have any insight on what a typical salary scale for years 2 onwards look like at a large downtown Vancouver corporate firm?

Share this post


Link to post
Share on other sites

Coming out of the woodwork to give people a confirmed salary chart update for Vancouver. Essentially 6-8 of the downtown firms have done a slight bump of their comp table:

1yr) 101

2yr) 111

3yr) 121

4yr) 132

5yr) 145

6yr) 155

7yr) 170

Some others are approximately 3-5 grand below on each amount above. Also note that the later year salaries will often be negotiable and vary more than the early year ones.

Also also I missed these forums. If there is anyone interested I may do an "ama" as an early years associate solicitor in a big firm downtown vanvouver.

Ok cool bye

 

Share this post


Link to post
Share on other sites
Posted (edited)
5 hours ago, reasonable_person said:

Coming out of the woodwork to give people a confirmed salary chart update for Vancouver. Essentially 6-8 of the downtown firms have done a slight bump of their comp table:

1yr) 101

2yr) 111

3yr) 121

4yr) 132

5yr) 145

6yr) 155

7yr) 170

Some others are approximately 3-5 grand below on each amount above. Also note that the later year salaries will often be negotiable and vary more than the early year ones.

Also also I missed these forums. If there is anyone interested I may do an "ama" as an early years associate solicitor in a big firm downtown vanvouver.

Ok cool bye

 

I thought most Van firms started near 80,000? Does this mean they bumped compensation by ~20k?

Edited by BlockedQuebecois

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now

  • Recently Browsing   0 members

    No registered users viewing this page.



  • Recent Posts

    • Greetings everyone, I completed my Bachelors degree from India last year, And I have a 3.7 GPA With 170 LSAT Score. My Ambition is to work as a Lawyer in Canada, But I'm really afraid to apply as I don't know about the job prospects for International Students in Canada.  I know how risky it is, To come to Canada on a student visa, And expect a job after three years on a post graduation work permit. So is it worth applying, as an international student?
    • It seems to be a recent phenomenon where getting approved without a cosigner with no credit history is the norm. Is it a fairly safe assumption that not much is going to change between now and this time next year? Probably. But why chance it? It's not hard to get a good credit score. If you open a basic student credit card account and make minimum payments on time for a year or so you'll probably have a score of around 700~. You have to be late an entire 30 days before a late payment is reported on your credit report (though banks may increase your interest rate if you're consistently late). You don't even really have to worry about paying off the balance in full each month--though it is good advice to help avoid overspending--as long as you pay down the balance to lower your utilization around a month or so before you apply for credit, as far as your credit score is concerned you're in the exact same position as a person who paid the card off in full each month. If you get a card from your current bank, you can link your credit card and debit card with online banking. Meaning you log into online banking and you'll see both accounts. You can see your credit card minimum payment and due date and transfer whatever amount you want from your debit account to your credit card to make a payment. It only takes a few seconds. Most banks even have features where they will text or email you notice that you have a payment coming up. There's really no hassle at all, it's not much more than a 30 second commitment once a month. As far as rent goes, rent generally doesn't show up on your credit report unless you were missing payments and your landlord took you to the tenancy board and got a judgement against you. Cell phone bills are reported on your credit report, but they don't really help to establish credit--they mostly just hurt you if you miss payments. Utilities like cable/internet/house phone won't show up unless they go to collections. Some cities will also send things like unpaid parking tickets to a collection agency too. Not having a credit card doesn't necessarily mean you have no credit. My girlfriend did a number on her credit score by making a bunch of late cellphone payments during undergrad for example If you want to verify whether you have (or don't have) a credit history you can get a free credit check from Borrowell (Equifax score) or CreditKarma (a Transunion based score). Borrowell updates your score automatically once a month and CreditKarma does it weekly. They're VERY useful.  
    • Waitlisted on May 10. LSAT: 154 Cgpa: 77% (UBC) and 3.01 (OLSAS calculated) due to a bad first year. L2: 88% and L3: 85% (UBC) Excellent EC's and work experience. I'm assuming references were strong.
    • Accepted about a week ago. LSAT: 154 Cgpa: 77% (UBC) and 3.01 (OLSAS calculated) due to a bad first year. L2: 88% and L3: 85% (UBC) Excellent EC's and work experience. I'm assuming references were strong.
    • Congrats! Double congrats for u! Did you get an email or check on website?
×