130,000 in Miami > 160,00 in NY by a wide margin. There's not as much to do in Miami, but 130 goes way further.
True, but the problem is a lot of people at T14s live for prestige and are willing to take the COL hit to work in NY/DC. Miami = no prestige.
As a T14er in top 1/3 who targeted and interviewed with many South Florida firms, I can attest to fact that Miami firms are as competitive, if not more competitive, in their hiring than their NY offices, since they are hiring only a handful at most of associates.
A firm like Weil (V10), hires 2 SAs, to do top-level litigation in its Miami office, and pays NY salary ($160k). You are really going to tell me that is less prestigious than the same job at their NYC office? You are getting paid significantly more when adjusted for COL, working in a smaller office (with all the advantages that brings), doing the same work. And despite the elitism (an apparent xenophobia) of certain posters here, Miami is a great city to live in and I find it hard to fathom that all things being equal, someone rather be in NYC.