NORAISE List - ITT, the proleTTTariat of the V100 keep hoping for/commiserate lack of 180k

(On Campus Interviews, Summer Associate positions, Firm Reviews, Tips, ...)
Forum rules
Anonymous Posting

Anonymous posting is only appropriate when you are revealing sensitive employment related information about a firm, job, etc. You may anonymously respond on topic to these threads. Unacceptable uses include: harassing another user, joking around, testing the feature, or other things that are more appropriate in the lounge.

Failure to follow these rules will get you outed, warned, or banned.
Anonymous User
Posts: 327217
Joined: Tue Aug 11, 2009 9:32 am

Re: NORAISE List - ITT, the proleTTTariat of the V100 keep hoping for/commiserate lack of 180k

Postby Anonymous User » Tue Jun 21, 2016 6:21 pm

Checking in at one of the firms on this list :oops:

First year in major market, have heard nothing but radio silence. General office sentiment is NOMATCH

User avatar
LaLiLuLeLo

Silver
Posts: 648
Joined: Wed Jun 08, 2016 11:54 am

Re: NORAISE List - ITT, the proleTTTariat of the V100 keep hoping for/commiserate lack of 180k

Postby LaLiLuLeLo » Tue Jun 21, 2016 6:24 pm

Anonymous User wrote:Update on ManatTTT: Apparently there will be no match since they claim that the move from 125-150K at the beginning of the year was "generous." To any rising 2L's out there considering them, avoid like the plague. Maybe if they get zero bids at OCI's they'll start to realize how dumb they are.


99% of the reason I turned down the offer was the pay ($125k). 1% was hearing associates talking about others lateraling for what sounded like good reason.

User avatar
Monochromatic Oeuvre

Gold
Posts: 2025
Joined: Fri May 10, 2013 9:40 pm

Re: NORAISE List - ITT, the proleTTTariat of the V100 keep hoping for/commiserate lack of 180k

Postby Monochromatic Oeuvre » Tue Jun 21, 2016 7:08 pm

Anonymous User wrote:Update on ManatTTT: Apparently there will be no match since they claim that the move from 125-150K at the beginning of the year was "generous." To any rising 2L's out there considering them, avoid like the plague. Maybe if they get zero bids at OCI's they'll start to realize how dumb they are.


What the heck's a Manatt?

Why would the guy who painted those water lillies be offering lawyers $150k?

Anonymous User
Posts: 327217
Joined: Tue Aug 11, 2009 9:32 am

Re: NORAISE List - ITT, the proleTTTariat of the V100 keep hoping for/commiserate lack of 180k

Postby Anonymous User » Tue Jun 21, 2016 7:31 pm

Monochromatic Oeuvre wrote:
Anonymous User wrote:Update on ManatTTT: Apparently there will be no match since they claim that the move from 125-150K at the beginning of the year was "generous." To any rising 2L's out there considering them, avoid like the plague. Maybe if they get zero bids at OCI's they'll start to realize how dumb they are.


What the heck's a Manatt?

Why would the guy who painted those water lillies be offering lawyers $150k?


That's Monet, not Manatt 8) (Sorry, art snob here).

I think Manatt not raising their salaries is a bad move, especially since they are considered to be top tier in entertainment and real estate in the area. However, that's precisely why they might not raise their salaries. At OCI, it's a lot easier for recruiters to sell the "yes we pay below market, but at Manatt you'll receive some of the best substantive experience in our practice groups." A lot of desperate rising 2Ls would certainly fall in this trap.

Additionally, I think it's inaccurate to state that Manatt will be unable to get "top talent" as a result of their action not to increase salaries. The fact is they never did get top talent. Those folks always went to the V1-30 firms. So you have the same pool of applicants that are applying to Manatt and they really don't have elsewhere to go. So it's really a take it or leave it type of situation. No rising 2L will say to themselves, "Omg, Manatt $150K? Man, hell no, here I come District Attorney's office!"

If you accept my observation to be true, then you're left with the conclusion that the only way to actually put pressure on Manatt to raise their salaries is by showcasing decrease in work moral amongst current Associates and some lateral movement taking place in the marketplace.

bern victim

Silver
Posts: 1270
Joined: Tue Jun 07, 2016 3:58 pm

Re: NORAISE List - ITT, the proleTTTariat of the V100 keep hoping for/commiserate lack of 180k

Postby bern victim » Tue Jun 21, 2016 7:32 pm

Anonymous User wrote:
Monochromatic Oeuvre wrote:
Anonymous User wrote:Update on ManatTTT: Apparently there will be no match since they claim that the move from 125-150K at the beginning of the year was "generous." To any rising 2L's out there considering them, avoid like the plague. Maybe if they get zero bids at OCI's they'll start to realize how dumb they are.


What the heck's a Manatt?

Why would the guy who painted those water lillies be offering lawyers $150k?


That's Monet, not Manatt 8) (Sorry, art snob here).

he was thinking of monet's evil twin manet

User avatar
Monochromatic Oeuvre

Gold
Posts: 2025
Joined: Fri May 10, 2013 9:40 pm

Re: NORAISE List - ITT, the proleTTTariat of the V100 keep hoping for/commiserate lack of 180k

Postby Monochromatic Oeuvre » Tue Jun 21, 2016 7:37 pm

Anonymous User wrote:
Monochromatic Oeuvre wrote:
Anonymous User wrote:Update on ManatTTT: Apparently there will be no match since they claim that the move from 125-150K at the beginning of the year was "generous." To any rising 2L's out there considering them, avoid like the plague. Maybe if they get zero bids at OCI's they'll start to realize how dumb they are.


What the heck's a Manatt?

Why would the guy who painted those water lillies be offering lawyers $150k?


That's Monet, not Manatt 8) (Sorry, art snob here).


(Sharp fucking cookie)

bern victim

Silver
Posts: 1270
Joined: Tue Jun 07, 2016 3:58 pm

Re: NORAISE List - ITT, the proleTTTariat of the V100 keep hoping for/commiserate lack of 180k

Postby bern victim » Tue Jun 21, 2016 7:42 pm

(anonymous because my incredible art knowledge uniquely identifies me in the legal profession)

User avatar
LaLiLuLeLo

Silver
Posts: 648
Joined: Wed Jun 08, 2016 11:54 am

Re: NORAISE List - ITT, the proleTTTariat of the V100 keep hoping for/commiserate lack of 180k

Postby LaLiLuLeLo » Tue Jun 21, 2016 7:44 pm

Anonymous User wrote:That's Monet, not Manatt 8) (Sorry, art snob here).

I think Manatt not raising their salaries is a bad move, especially since they are considered to be top tier in entertainment and real estate in the area. However, that's precisely why they might not raise their salaries. At OCI, it's a lot easier for recruiters to sell the "yes we pay below market, but at Manatt you'll receive some of the best substantive experience in our practice groups." A lot of desperate rising 2Ls would certainly fall in this trap.

Additionally, I think it's inaccurate to state that Manatt will be unable to get "top talent" as a result of their action not to increase salaries. The fact is they never did get top talent. Those folks always went to the V1-30 firms. So you have the same pool of applicants that are applying to Manatt and they really don't have elsewhere to go. So it's really a take it or leave it type of situation. No rising 2L will say to themselves, "Omg, Manatt $150K? Man, hell no, here I come District Attorney's office!"

If you accept my observation to be true, then you're left with the conclusion that the only way to actually put pressure on Manatt to raise their salaries is by showcasing decrease in work moral amongst current Associates and some lateral movement taking place in the marketplace.


They need to raise for the same reason they raised to $150k. It's a tough sell, even for their talking points, when it's a $30-35k base salary difference (because let's be real, most law students are dumb and don't think about total comp even though they should). The same forces at play for $125k -> $150k will dictate they need to raise again.

Anonymous User
Posts: 327217
Joined: Tue Aug 11, 2009 9:32 am

Re: NORAISE List - ITT, the proleTTTariat of the V100 keep hoping for/commiserate lack of 180k

Postby Anonymous User » Tue Jun 21, 2016 8:00 pm

LaLiLuLeLo wrote:
Anonymous User wrote:That's Monet, not Manatt 8) (Sorry, art snob here).

I think Manatt not raising their salaries is a bad move, especially since they are considered to be top tier in entertainment and real estate in the area. However, that's precisely why they might not raise their salaries. At OCI, it's a lot easier for recruiters to sell the "yes we pay below market, but at Manatt you'll receive some of the best substantive experience in our practice groups." A lot of desperate rising 2Ls would certainly fall in this trap.

Additionally, I think it's inaccurate to state that Manatt will be unable to get "top talent" as a result of their action not to increase salaries. The fact is they never did get top talent. Those folks always went to the V1-30 firms. So you have the same pool of applicants that are applying to Manatt and they really don't have elsewhere to go. So it's really a take it or leave it type of situation. No rising 2L will say to themselves, "Omg, Manatt $150K? Man, hell no, here I come District Attorney's office!"

If you accept my observation to be true, then you're left with the conclusion that the only way to actually put pressure on Manatt to raise their salaries is by showcasing decrease in work moral amongst current Associates and some lateral movement taking place in the marketplace.


They need to raise for the same reason they raised to $150k. It's a tough sell, even for their talking points, when it's a $30-35k base salary difference (because let's be real, most law students are dumb and don't think about total comp even though they should). The same forces at play for $125k -> $150k will dictate they need to raise again.


Anon here. I think they need to raise but I certainly don't think it will be to $180K. But the heart of the matter is that PEOPLE NEED TO START MOVING. This may be the only way to start creating pressure. None of these firms will feel the pressure to increase salaries until people start putting in their 2 weeks notice.

But that leads to another issue: firms have just raised their salaries, you really think those firms have budget to bring in more associates?

Anonymous User
Posts: 327217
Joined: Tue Aug 11, 2009 9:32 am

Re: NORAISE List - ITT, the proleTTTariat of the V100 keep hoping for/commiserate lack of 180k

Postby Anonymous User » Tue Jun 21, 2016 8:20 pm

There won't be an announcement from Dentons considering their salary structure is not pure lockstep and does not follow market. From what I hear they actually pay below market in major cities. Considering there are sources reporting that Dentons' yearly revenue will approach the ultra-exclusive $2bn mark following their merger, I wonder if they will consider moving to lockstep to stay competitive with their Biglaw compatriots.

User avatar
reasonable troll

Bronze
Posts: 199
Joined: Thu Mar 08, 2012 10:34 pm

Re: NORAISE List - ITT, the proleTTTariat of the V100 keep hoping for/commiserate lack of 180k

Postby reasonable troll » Tue Jun 21, 2016 8:51 pm

@ GT associates ITT:
Image

@ all others:
Another day, another [$XX,000] dollar[s less made than that jr. associate at the more presTTTigious firm in your building]

User avatar
MCFC

Platinum
Posts: 9695
Joined: Mon Oct 17, 2011 6:46 pm

Re: NORAISE List - ITT, the proleTTTariat of the V100 keep hoping for/commiserate lack of 180k

Postby MCFC » Tue Jun 21, 2016 8:53 pm

Dentons matching all offices would be quite a thing. http://www.dentons.com/en/global-presence.aspx

Anonymous User
Posts: 327217
Joined: Tue Aug 11, 2009 9:32 am

Re: NORAISE List - ITT, the proleTTTariat of the V100 keep hoping for/commiserate lack of 180k

Postby Anonymous User » Tue Jun 21, 2016 9:00 pm

Anonymous User wrote:There won't be an announcement from Dentons considering their salary structure is not pure lockstep and does not follow market. From what I hear they actually pay below market in major cities. Considering there are sources reporting that Dentons' yearly revenue will approach the ultra-exclusive $2bn mark following their merger, I wonder if they will consider moving to lockstep to stay competitive with their Biglaw compatriots.


First year pay for Dentons is market. After that, there's some salary compression because they don't follow the traditional lockstep structure. It would take a lot of $$ for them to raise each associate's salary to $180k.

HerculesQEinstein

New
Posts: 12
Joined: Tue Jun 14, 2016 5:45 pm

Re: NORAISE List - ITT, the proleTTTariat of the V100 keep hoping for/commiserate lack of 180k

Postby HerculesQEinstein » Tue Jun 21, 2016 9:21 pm

MCFC wrote:Dentons matching all offices would be quite a thing. http://www.dentons.com/en/global-presence.aspx


Didn't Dentons declare bankruptcy after the Hulk Hogan verdict?

Anonymous User
Posts: 327217
Joined: Tue Aug 11, 2009 9:32 am

Re: NORAISE List - ITT, the proleTTTariat of the V100 keep hoping for/commiserate lack of 180k

Postby Anonymous User » Tue Jun 21, 2016 9:53 pm

Foley & Lardner has said they will discuss at the month-end management meeting. General sentiment, at least during the summer retreat, was that there would be a raise. Assumption is Cravath match in Major Markets, possibly increases by same amounts in the secondary markets - so Milwaukee/Detroit to 160, etc. But, this is all speculation.

Anonymous User
Posts: 327217
Joined: Tue Aug 11, 2009 9:32 am

Re: NORAISE List - ITT, the proleTTTariat of the V100 keep hoping for/commiserate lack of 180k

Postby Anonymous User » Tue Jun 21, 2016 11:03 pm

Updated and reordered according to PPP.

Get Yer Pitchforks :evil: :twisted: :
40. Linklaters [2,200,000]
95. Patterson Belknap [1,620,000]
81. Sheppard Mullin [1,445,000]
91. *Manatt [1,385,000]
69. Kaye Scholer [1,380,000]

> 1 Mil. in PPP
63. Holland & Knight [1,250,000]
60. Pillsbury [1,185,000]
93. Finnegan [1,175,000]
73. Chadbourne & Parke [1,135,000]
68. Foley & Lardner [1,130,000]
62. Reed Smith [1,105,000]
59. Perkins Coie [1,100,000]
89. Mintz Levin [1,065,000]
76. Venable [1,060,000]
77. *McGuireWoods [1,045,000]
90. Pepper Hamilton [1,025,000]
86. Seyfarth Shaw [1,020,000]
19. Jones Day [1,010,000]

<1 Mil. in PPP
99. Troutman Sanders [970,000]
100. Kilpatrick Townsend [970,000]
74. Hunton & Williams [950,000]
70. Steptoe & Johnson [940,000]
78. Arent Fox [935,000]
64. Baker & Hostetler [930,000]
67. Nixon Peabody [905,000]
94. *Duane Morris [900,000]
98. Blank Rome [890,000]
82. *Squire Patton Boggs [845,000]
71. *Bryan Cave [805,000]
92. Drinker Biddle [800,000]
97. *Dorsey & Whitney [600,000]

72. Norton Rose (could not find PPP)
80. *Dentons ("refused" to continue reporting PPP in 2014 - lol)


Confirming previous poster - ManaTTT trolls hard and deserves your ire. Plz also remember to publicly shame Linklaters (I think? Unsure what the special variables are here), Patterson, Sheppard Mullin and Kaye Scholer at least 3 times daily until full Cravath match.

Anonymous User
Posts: 327217
Joined: Tue Aug 11, 2009 9:32 am

Re: NORAISE List - ITT, the proleTTTariat of the V100 keep hoping for/commiserate lack of 180k

Postby Anonymous User » Tue Jun 21, 2016 11:38 pm

ManatTTT associates are leaving from a few who I have spoken to. Should bode well for forcing their hand to raise the starting salary.

Also to the poster above, are their entertainment/real estate practices really that great? real estate I think they're Chambers band 4...

runinthefront

Gold
Posts: 2151
Joined: Wed Jan 15, 2014 2:18 am

Re: NORAISE List - ITT, the proleTTTariat of the V100 keep hoping for/commiserate lack of 180k

Postby runinthefront » Tue Jun 21, 2016 11:46 pm

Everyone focuses on/talks about disgruntled associates getting ready to lateral from firms that haven't matched, but where could they realistically go? It's not like the financials of many of these firms have been hidden, and surely many of these firms aren't anyone's first choice at OCI.

Serious question: is the lateral market still booming to the point where associates at [insert some of the bottom firms on this list] can just up and leave to another firm that's matching market? And isn't there something to be said about firms who don't try to keep up with the Joneses at the expense of rainmaker defections? There's at least 10-15 firms that absolutely shouldn't be paying 180, given their heavy reliance on superstar partners/high leverage
Last edited by runinthefront on Sat Jan 27, 2018 12:13 am, edited 1 time in total.

Anonymous User
Posts: 327217
Joined: Tue Aug 11, 2009 9:32 am

Re: NORAISE List - ITT, the proleTTTariat of the V100 keep hoping for/commiserate lack of 180k

Postby Anonymous User » Wed Jun 22, 2016 12:58 am

runinthefront wrote:Everyone focuses on/talks about disgruntled associates getting ready to lateral from firms that haven't matched, but where could they realistically go? It's not like the financials of many of these firms have been hidden, and surely many of these firms aren't anyone's first choice at OCI.

Serious question: is the lateral market still booming to the point where associates at [insert some of the bottom firms on this list] can just up and leave to another firm that's matching market? And isn't there something to be said about firms who don't try to keep up with the Joneses at the expense of rainmaker defections? There's at least 10-15 firms that absolutely shouldn't be paying 180, given their heavy reliance on superstar partners/high leverage


I second this. Honestly, where can the V50-100 associates go?

Anonymous User wrote:ManatTTT associates are leaving from a few who I have spoken to. Should bode well for forcing their hand to raise the starting salary.

Also to the poster above, are their entertainment/real estate practices really that great? real estate I think they're Chambers band 4...


Anon above. I said "in the area." I believe they are better in the region but obviously not tier 1 nationwide. Also, I dispute your assertion about Manatt associates leaving. I also have a few sources w/in firm and associates are more pissed because they're not sure if they can go elsewhere. Which office are you referring to?

Anonymous User
Posts: 327217
Joined: Tue Aug 11, 2009 9:32 am

Re: NORAISE List - ITT, the proleTTTariat of the V100 keep hoping for/commiserate lack of 180k

Postby Anonymous User » Wed Jun 22, 2016 10:23 am

runinthefront wrote:Serious question: is the lateral market still booming to the point where associates at [insert some of the bottom firms on this list] can just up and leave to another firm that's matching market?

I lateraled from a V75, non-180 firm to a firm that pays market (DC). In the process, I interviewed with four other firms that pay market, including a V10. Someone from my same practice group left for a different V10 shortly after I left. It's not hard to lateral up, because there's a shortage of midlevels as a result of the recession. Fewer members of the classes of 2011-2013 were hired at all, and many of those who that did get hired only got offers from lower-ranked firms. My new firm has had lateral postings up for a long time, and candidates with 3-5 years of relevant V100 experience are uncommon.

Anonymous User
Posts: 327217
Joined: Tue Aug 11, 2009 9:32 am

Re: NORAISE List - ITT, the proleTTTariat of the V100 keep hoping for/commiserate lack of 180k

Postby Anonymous User » Wed Jun 22, 2016 10:34 am

Does anyone know what K&L plans to pay to first years in its secondary markets? I think their comp memo said those offices would be informed separately of any increase in pay so I'm curious how that played out.

Anonymous User
Posts: 327217
Joined: Tue Aug 11, 2009 9:32 am

Re: NORAISE List - ITT, the proleTTTariat of the V100 keep hoping for/commiserate lack of 180k

Postby Anonymous User » Wed Jun 22, 2016 3:35 pm

And ManatTTT just fell out of the V100...LOL

Time for those kids who are starting there in the fall to start calling up other firms? Shame on ManattTTT.


HerculesQEinstein

New
Posts: 12
Joined: Tue Jun 14, 2016 5:45 pm

Re: NORAISE List - ITT, the proleTTTariat of the V100 keep hoping for/commiserate lack of 180k

Postby HerculesQEinstein » Thu Jun 23, 2016 3:09 pm

Need to update the ShiTTT LisTTT (TTTM) to remove Chadbourne and Linklaters...anyone else today?

Foghornleghorn

Bronze
Posts: 124
Joined: Fri Jun 06, 2014 10:05 am

Re: NORAISE List - ITT, the proleTTTariat of the V100 keep hoping for/commiserate lack of 180k

Postby Foghornleghorn » Thu Jun 23, 2016 3:18 pm

Any news from Vedder Price?



Return to “Legal Employment�

Who is online

The online users are hidden on this forum.