I think there could be a real problem of midlevel understaffing over the next couple years.
Big Shrimpin wrote:a rising tide only lifts those who already have a yacht...
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Blindmelon wrote:ToTransferOrNot wrote:Blindmelon wrote:2400 hours billed? YIKES. My firm told me its typically 2000 - 2100 including pro bono hours. Yey for secondary market.
Lower pay to go along with it, I presume.
FWIW, I imagine 2400 is on the high end anywhere aside from some of the notorious NYC sweatshops, and (probably) Kirkland-Chicago. Of course, this is the Cravath bonus scale, so we're talking about one of the notorious NYC sweatshops here.
Nah, its lockstep with the rest of the firm - large national. Yea, I think Cravath while its OMG prestige seems like a bad decision given that many other firms pay the same and require much less grinding. It would make sense if they paid more or gave better bonuses, but this whole lock-step thing is just silly.
Still 160k no matter what way you look at it is a ton. Even without a bonus, I'm still pissing myself at the prospect of getting a full-time offer after summer.
Anonymous User wrote:I think there could be a real problem of midlevel understaffing over the next couple years.
There already is this problem at Cravath and a number of other top firms.
albieman wrote:Blindmelon wrote:ToTransferOrNot wrote:Blindmelon wrote:2400 hours billed? YIKES. My firm told me its typically 2000 - 2100 including pro bono hours. Yey for secondary market.
Lower pay to go along with it, I presume.
FWIW, I imagine 2400 is on the high end anywhere aside from some of the notorious NYC sweatshops, and (probably) Kirkland-Chicago. Of course, this is the Cravath bonus scale, so we're talking about one of the notorious NYC sweatshops here.
Nah, its lockstep with the rest of the firm - large national. Yea, I think Cravath while its OMG prestige seems like a bad decision given that many other firms pay the same and require much less grinding. It would make sense if they paid more or gave better bonuses, but this whole lock-step thing is just silly.
Still 160k no matter what way you look at it is a ton. Even without a bonus, I'm still pissing myself at the prospect of getting a full-time offer after summer.
Are you working in Boston? Mind saying what firm?
Unemployed wrote:I heard from K&E associates that when they stiff the low billers, they stiff them hard (i.e. way below market or no bonus at all). It's a great system for hard workers though, since the upside is pretty high.
I heard from K&E associates that when they stiff the low billers, they stiff them hard (i.e. way below market or no bonus at all). It's a great system for hard workers though, since the upside is pretty high.
On the flipside, is this midlevel understaffing thing the start of the march towards NY to 180?
Anonymous User wrote:On the flipside, is this midlevel understaffing thing the start of the march towards NY to 180?
I'm about 99% sure this won't happen.
And if it does happen, I'm about 99% sure starting salaries won't change. The scale will just become steeper (i.e., more money for midlevels, higher lockstep raises, etc.).
A&O wrote:Just bumping this thread for further thoughts on recent bonus-related events.
ToTransferOrNot wrote:A&O wrote:Just bumping this thread for further thoughts on recent bonus-related events.
My further thoughts: I'm glad I bailed on my 2L SA for K&E
ToTransferOrNot wrote:A&O wrote:Just bumping this thread for further thoughts on recent bonus-related events.
My further thoughts: I'm glad I bailed on my 2L SA for K&E
mcat4life87 wrote:ToTransferOrNot wrote:A&O wrote:Just bumping this thread for further thoughts on recent bonus-related events.
My further thoughts: I'm glad I bailed on my 2L SA for K&E
Why didn't you go to K&E for your 2L summer?
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