Corporate attorneys in New York City advise on mergers and acquisitions, capital markets transactions, private equity deals, and corporate governance matters for the world's largest companies, investment banks, and private equity firms. NYC's Wall Street law firms set the global standard for corporate legal pay through the widely-followed Cravath scale.
New York's BigLaw firms — including Cravath, Sullivan & Cromwell, Skadden Arps, Weil Gotshal, and Kirkland & Ellis — pay associates on a lockstep salary scale that was $225,000 for first-years as of 2022 and has been increasing. The Cravath scale functions as a market-wide benchmark that virtually all large NYC firms follow. Partnership track is 8–10 years and involves up-or-out evaluation, with equity partners earning millions annually.
Corporate Attorney at C$356,000 (~$263,440 USD) (single filer): Take-home is approximately C$8,636 per bi-weekly paycheck, or ~C$224,538 per year after all taxes.
| Career Stage | Annual Salary (CAD) | Approx. Net/Year |
|---|---|---|
| First-Year Associate | C$410,000 | ~C$253,611 |
| Mid-Level Associate (3–6 yrs) | C$556,000 | ~C$332,218 |
| Senior Associate (7–9 yrs) | C$711,000 | ~C$415,670 |
| Partner | C$1,491,000 | ~C$835,622 |
| Tax / Deduction | Per Bi-Weekly Check | Annual Amount | % of Salary |
|---|---|---|---|
| Gross Pay | C$13,692 | C$356,000 | 100% |
| Federal Income Tax | −C$3,428 | −C$89,135 | 25.0% |
| Ontario Provincial Tax | −C$1,439 | −C$37,411 | 10.5% |
| CPP (Pension) | −C$149 | −C$3,868 | 1.1% |
| EI (Employment Insurance) | −C$40 | −C$1,049 | 0.3% |
| Net Take-Home | C$8,636 | ~C$224,538 | 63.1% |
At C$356,000, your effective total tax rate is approximately 36.9%.
Major employers in Toronto for corporate attorneys include McCarthy Tétrault, Torys, Osler.
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