EY to 150k

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EY to 150k

Postby Anonymous User » Fri Dec 09, 2016 8:36 pm

Word on the street is that EY will be hiring lawyers at 150k.
Any other news on other firms matching?

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ArtistOfManliness

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Re: EY to 150k

Postby ArtistOfManliness » Fri Dec 09, 2016 8:39 pm

Ernst & Young?

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Re: EY to 150k

Postby Anonymous User » Fri Dec 09, 2016 8:43 pm

ArtistOfManliness wrote:Ernst & Young?


yes. for tax llms.

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Re: EY to 150k

Postby Anonymous User » Fri Dec 09, 2016 9:34 pm

Anonymous User wrote:
ArtistOfManliness wrote:Ernst & Young?


yes. for tax llms.


Curious as to where you heard this from...

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Re: EY to 150k

Postby Anonymous User » Sun Dec 11, 2016 10:16 am

The big 4 wouldnt ever pay this much. Where did you hear this?

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Re: EY to 150k

Postby Anonymous User » Sun Dec 11, 2016 10:38 am

Anonymous User wrote:The big 4 wouldnt ever pay this much. Where did you hear this?


Not the OP, but I'm a tax llm and can confirm EY M&A going up to 140 base + 5 signing + 5 bar pass bonus from the spring.

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Re: EY to 150k

Postby Anonymous User » Sun Dec 11, 2016 10:48 am

Anonymous User wrote:
Anonymous User wrote:The big 4 wouldnt ever pay this much. Where did you hear this?


Not the OP, but I'm a tax llm and can confirm EY M&A going up to 140 base + 5 signing + 5 bar pass bonus from the spring.


I heard that they work you biglaw hours. So essentially, biglaw hours without biglaw money.

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rahulg91

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Re: EY to 150k

Postby rahulg91 » Sun Dec 11, 2016 1:33 pm

Anonymous User wrote:
ArtistOfManliness wrote:Ernst & Young?


yes. for tax llms.


Always been curious, can lawyers at non-law firms (like E&Y) practice law?

ND2018

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Re: EY to 150k

Postby ND2018 » Sun Dec 11, 2016 1:39 pm

rahulg91 wrote:
Anonymous User wrote:
ArtistOfManliness wrote:Ernst & Young?


yes. for tax llms.


Always been curious, can lawyers at non-law firms (like E&Y) practice law?


No. Interviewed at Deloitte. They really emphasized the fact that I would not be practicing law, and that as an accounting firm they could not provide legal advice.

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Re: EY to 150k

Postby Anonymous User » Sun Dec 11, 2016 1:46 pm

ND2018 wrote:
rahulg91 wrote:
Anonymous User wrote:
ArtistOfManliness wrote:Ernst & Young?


yes. for tax llms.


Always been curious, can lawyers at non-law firms (like E&Y) practice law?


No. Interviewed at Deloitte. They really emphasized the fact that I would not be practicing law, and that as an accounting firm they could not provide legal advice.


Fyi: viewtopic.php?f=23&t=271592

Techincally you can't due to Sarbanes-Oxley, but many do in the sense of giving "tax advice" which could include legal ramifications - read: you are providing advice that has "legal components."

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Re: EY to 150k

Postby Anonymous User » Mon Dec 12, 2016 12:20 pm

Any idea of what

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Re: EY to 150k

Postby Anonymous User » Thu Dec 15, 2016 7:12 am

That's close to Senior Manager level pay...
EY must be serious :roll:

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Re: EY to 150k

Postby Anonymous User » Sun Dec 18, 2016 11:41 am

word on the street: PwC M&A won't match.

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Re: EY to 150k

Postby Anonymous User » Sun Dec 18, 2016 11:47 am

Word on the street is that they are extremely active in the cybersecurity space and are starting to provide similar data privacy services as many law firms. It is easier just go to go a big 4 for one stop shop than to go to two separate firms.

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Re: EY to 150k

Postby Anonymous User » Sun Dec 18, 2016 11:59 am

-deleted-

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Re: EY to 150k

Postby Anonymous User » Sun Dec 18, 2016 12:03 pm

It seems like TIP will be:

Biglaw
EY
-------------------
PwC/Deloitte
-------------------
-------------------
Mid/Small law
------------------
KPMG & others

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Re: EY to 150k

Postby Anonymous User » Sun Dec 18, 2016 1:33 pm

Anonymous User wrote:word on the street: PwC M&A won't match.


So PwC confirms they are 2nd tier now?

rewritten

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Re: EY to 150k

Postby rewritten » Sun Dec 18, 2016 3:59 pm

Anonymous User wrote:
Anonymous User wrote:The big 4 wouldnt ever pay this much. Where did you hear this?


Not the OP, but I'm a tax llm and can confirm EY M&A going up to 140 base + 5 signing + 5 bar pass bonus from the spring.


Hi anon, could you PM me? Thanks!

EDIT: anyone who can personally confirm -- please PM me. Would like to negotiate with non-EY Big 4.
Last edited by rewritten on Sun Dec 18, 2016 5:17 pm, edited 1 time in total.

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Re: EY to 150k

Postby Anonymous User » Sun Dec 18, 2016 4:54 pm

I can confirm the $140k figure as well.

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Re: EY to 150k

Postby Anonymous User » Mon Dec 19, 2016 3:42 pm

Anonymous User wrote:
Anonymous User wrote:
Anonymous User wrote:The big 4 wouldnt ever pay this much. Where did you hear this?


Not the OP, but I'm a tax llm and can confirm EY M&A going up to 140 base + 5 signing + 5 bar pass bonus from the spring.


I heard that they work you biglaw hours. So essentially, biglaw hours without biglaw money.


What are billable hours at EY?

I thought they only billed like 1800?

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Re: EY to 150k

Postby Anonymous User » Wed Dec 21, 2016 9:55 am

Depending on group and rank, goals are set as a % of full utilization (2,080 hours). Lower ranks such as staff and senior in my group are in the 70-80% range; manager and above are in the 60-70% range. But you also have to "eat" a bunch of time for proposals, admin, and dead deals.

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Re: EY to 150k

Postby Anonymous User » Fri Dec 23, 2016 2:00 am

A friend of mine is a first year senior (JD/LLM). He tells me that his class is making significantly less than the $150k being doled out to fresh hires. He is actively looking to exit, as are others in his group.

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Re: EY to 150k

Postby Anonymous User » Sat Dec 24, 2016 11:39 pm

I'd be very surprised if EY doesn't gross up its current associates.

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Re: EY to 150k

Postby Anonymous User » Mon Jan 09, 2017 11:46 am

PwC went 140k.
120 + 15 + 5.
Can confirm because I got an offer.
Happy that it went up, but slightly disappointed at not matching with EY. Maybe I should try TIP out after all.

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Re: EY to 150k

Postby Anonymous User » Mon Jan 09, 2017 1:46 pm

Anonymous User wrote:PwC went 140k.
120 + 15 + 5.
Can confirm because I got an offer.
Happy that it went up, but slightly disappointed at not matching with EY. Maybe I should try TIP out after all.


You're getting an LLM? Is LLM worth it? What's employment looking like for your class?



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