Anonymous User wrote:AssumptionRequired wrote:thesealocust wrote:Take home in NYC is like 96K or so after taxes if you're single.
Yeah, the difference in take home pay is not as drastic as people make it out to be. Your real savings come with COL. Still, if you are on the TX biglaw scale (big 3) in TX you will make less than the NY pay scale in NY even with cost of living after about year 5.
6th year on NY scale gets paid $250,000 whereas in TX you will only be at 185,000. Thats a $65,000 difference, which that difference alone would make for a comfortable living...even in NYC
Not sure where you're getting your numbers on Texas payscale.
Conceding that Texas firms pay below NYC-scale for midlevels, nobody knows exactly what midlevels make at any of the Big 3 firms. I do know, however, that midlevels at my Big 3 firm make a lot more than $185k.
Also, V&E is now paying Texas associates NYC-scale for 7th and 8th years.
Are you sure? I have been hearing of V&E moving up to the national pay scale... but I am under the impression that F&J, BB and firms like Haynes and Boone/Andrews Kurth/Bracewell (etc) all pay at about a 5k a year increase after first year and make up for the discrepancy slightly by larger bonuses. Am I mistaken? If you wouldnt mind PM'ing me if you dont want to say anything on here I will be at one of the big 3 this summer (not VE) as well as one of the other firms I listed. Curious if others will follow V&E to this higher scale, I would imagine they want to stay competitive.