Are Plaintiff's Firms Illegally Suppressing Associate Salaries?

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Are Plaintiff's Firms Illegally Suppressing Associate Salaries?

Postby Anonymous User » Wed Nov 02, 2016 2:09 am

I have it on reasonably good authority that they are.

Specifically, I've heard at least some of these firms may have an agreement not to hire associates from peer firms, in order to suppress associate salaries (similar to the antitrust scheme tech companies in Silicon Valley were recently sued for).

Thoughts?

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rpupkin

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Re: Are Plaintiff's Firms Illegally Suppressing Associate Salaries?

Postby rpupkin » Wed Nov 02, 2016 3:40 am

I have never heard this. What counts as "reasonably good authority?" I don't expect you to provide names, but you're anonymous—at least tell us the general level of the source.

dixiecupdrinking

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Re: Are Plaintiff's Firms Illegally Suppressing Associate Salaries?

Postby dixiecupdrinking » Wed Nov 02, 2016 8:44 am

It's not immediately clear to me how agreeing not to hire each other's associates would suppress salaries, assuming these peer firms all pay roughly the same to begin with. See biglaw.

jarofsoup

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Re: Are Plaintiff's Firms Illegally Suppressing Associate Salaries?

Postby jarofsoup » Wed Nov 02, 2016 8:51 am

I didn't think anti-trust laws worked this way.

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Actus Reus

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Re: Are Plaintiff's Firms Illegally Suppressing Associate Salaries?

Postby Actus Reus » Wed Nov 02, 2016 8:58 am

Presumably the free market would require the firms to compete for the best talent (forced to offer some enhanced benefit over rivals, such as salary, bonus, etc.) but with no concern over a rival firm hiring, then those incentives don't need to be offered.

Not sure it would rise to a violation if they're just all paying the same salaries per class year though unless they've tacitly agreed to do so.

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Re: Are Plaintiff's Firms Illegally Suppressing Associate Salaries?

Postby FSK » Wed Nov 02, 2016 9:06 am

Send DOJ a letter, they actually take enforcement action from that stuff.
Last edited by FSK on Sat Jan 27, 2018 2:04 pm, edited 1 time in total.

JusticeJackson

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Re: Are Plaintiff's Firms Illegally Suppressing Associate Salaries?

Postby JusticeJackson » Wed Nov 02, 2016 9:35 am

.
Last edited by JusticeJackson on Tue Mar 21, 2017 10:35 am, edited 1 time in total.

Voyager

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Re: Are Plaintiff's Firms Illegally Suppressing Associate Salaries?

Postby Voyager » Wed Nov 02, 2016 2:38 pm

JusticeJackson wrote:
FSK wrote:Send DOJ a letter, they actually take enforcement action from that stuff.


Please make sure to tell DOJ that you have it on good authority.


Would add: bold and underline "good authority"

foregetaboutdre

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Re: Are Plaintiff's Firms Illegally Suppressing Associate Salaries?

Postby foregetaboutdre » Wed Nov 02, 2016 2:40 pm

jarofsoup wrote:I didn't think anti-trust laws worked this way.


In an undergrad labor econ class I remember my prof talking about silicon valley firms basically agreeing not to hire each others engineers and this was a no-no, but I can't remember the details/didn't take anti-trust.

Edit: http://www.nytimes.com/2014/04/25/techn ... -case.html

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Re: Are Plaintiff's Firms Illegally Suppressing Associate Salaries?

Postby jbagelboy » Wed Nov 02, 2016 3:40 pm

JusticeJackson wrote:
FSK wrote:Send DOJ a letter, they actually take enforcement action from that stuff.


Please make sure to tell DOJ that you have it on good authority.


DOJ/Commission antitrust informants actually have to provide an extensive legal and factual presentation that includes exhibits, document and dats productions and a memorandum to be taken seriously/acted upon

"I have it on good authority that I'm underpaid" probably falls short

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Re: Are Plaintiff's Firms Illegally Suppressing Associate Salaries?

Postby Voyager » Wed Nov 02, 2016 4:58 pm

jbagelboy wrote:
JusticeJackson wrote:
FSK wrote:Send DOJ a letter, they actually take enforcement action from that stuff.


Please make sure to tell DOJ that you have it on good authority.


DOJ/Commission antitrust informants actually have to provide an extensive legal and factual presentation that includes exhibits, document and dats productions and a memorandum to be taken seriously/acted upon

"I have it on good authority that I'm underpaid" probably falls short


Well if you write it like THAT, sure.

"I have it on good authority that I'm underpaid": totally different story.

lavarman84

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Re: Are Plaintiff's Firms Illegally Suppressing Associate Salaries?

Postby lavarman84 » Wed Nov 02, 2016 5:16 pm

Guys, you're wrong. He has it on "reasonably" good authority that they are. It's objectively good authority. You have to accept that.

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kellyfrost

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Re: Are Plaintiff's Firms Illegally Suppressing Associate Salaries?

Postby kellyfrost » Wed Nov 02, 2016 5:18 pm

I don't think that they are.
Last edited by kellyfrost on Sat Jan 27, 2018 3:23 pm, edited 1 time in total.

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Re: Are Plaintiff's Firms Illegally Suppressing Associate Salaries?

Postby Anonymous User » Wed Nov 02, 2016 8:29 pm

OP here. Thanks all for the responses. FWIW I'm not personally an employee of a plaintiffs firm (heard this from someone who is, though).

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Re: Are Plaintiff's Firms Illegally Suppressing Associate Salaries?

Postby Voyager » Thu Nov 03, 2016 12:38 pm

lawman84 wrote:Guys, you're wrong. He has it on "reasonably" good authority that they are. It's objectively good authority. You have to accept that.


Good call out. That should be a footnote at the bottom of the page, written just like how you have it.

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Re: Are Plaintiff's Firms Illegally Suppressing Associate Salaries?

Postby FullRamboLSGrad » Thu Nov 03, 2016 5:11 pm

My banner on top is for Glen Lerner, thought it fit well with this thread.



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