NYC to 200k Forum

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Anonymous User
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Re: NYC to 200k

Post by Anonymous User » Wed Jun 20, 2018 6:11 pm

Anonymous User wrote:
Anonymous User wrote:Baker matching is huge. They're a behemoth with offices in every major market. If they can match, any V50 can and should match.
Looking at you Orrick...
Why? There are many other obvious firms that haven't moved.

Anonymous User
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Re: NYC to 200k

Post by Anonymous User » Wed Jun 20, 2018 6:17 pm

Anonymous User wrote:
Anonymous User wrote:
Anonymous User wrote:Baker matching is huge. They're a behemoth with offices in every major market. If they can match, any V50 can and should match.
Looking at you Orrick...
Why? There are many other obvious firms that haven't moved.
So I can decide whether to start answering recruiters’ calls?

Anonymous User
Posts: 428105
Joined: Tue Aug 11, 2009 9:32 am

Re: NYC to 200k

Post by Anonymous User » Wed Jun 20, 2018 6:18 pm

Anonymous User wrote:
Anonymous User wrote:
Anonymous User wrote:Baker matching is huge. They're a behemoth with offices in every major market. If they can match, any V50 can and should match.
Looking at you Orrick...
And all the other SF firms.

Anonymous User
Posts: 428105
Joined: Tue Aug 11, 2009 9:32 am

Re: NYC to 200k

Post by Anonymous User » Wed Jun 20, 2018 6:20 pm

Anonymous User wrote:
Anonymous User wrote:
Anonymous User wrote:Baker matching is huge. They're a behemoth with offices in every major market. If they can match, any V50 can and should match.
Looking at you Orrick...
Why? There are many other obvious firms that haven't moved.
Yeah like, where's K&L Gates? Where's Hogan Lovells? Where's Norton Rose? What's a Fragomen?

EDIT: What are Fragomen? Like are they fraggles? Are they men? We are Devo? This whole waiting game has me seriously out of sorts.

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

Re: NYC to 200k

Post by Anonymous User » Wed Jun 20, 2018 6:31 pm

Anonymous User wrote:
Anonymous User wrote:
Anonymous User wrote:
Anonymous User wrote:Baker matching is huge. They're a behemoth with offices in every major market. If they can match, any V50 can and should match.
Looking at you Orrick...
Why? There are many other obvious firms that haven't moved.
Yeah like, where's K&L Gates? Where's Hogan Lovells? Where's Norton Rose? What's a Fragomen?

EDIT: What are Fragomen? Like are they fraggles? Are they men? We are Devo? This whole waiting game has me seriously out of sorts.
K&L had a 16% drop in revenue in 2017. They ain't doin shit

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Anonymous User
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Re: NYC to 200k

Post by Anonymous User » Wed Jun 20, 2018 6:34 pm

Anonymous User wrote:
Anonymous User wrote:
Anonymous User wrote:
Anonymous User wrote:
Anonymous User wrote:Baker matching is huge. They're a behemoth with offices in every major market. If they can match, any V50 can and should match.
Looking at you Orrick...
Why? There are many other obvious firms that haven't moved.
Yeah like, where's K&L Gates? Where's Hogan Lovells? Where's Norton Rose? What's a Fragomen?

EDIT: What are Fragomen? Like are they fraggles? Are they men? We are Devo? This whole waiting game has me seriously out of sorts.
K&L had a 16% drop in revenue in 2017. They ain't doin shit
How does that even happen

Anonymous User
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Re: NYC to 200k

Post by Anonymous User » Wed Jun 20, 2018 6:37 pm

probably partner defections

Anonymous User
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Re: NYC to 200k

Post by Anonymous User » Wed Jun 20, 2018 6:40 pm

Anonymous User wrote:
Anonymous User wrote:
Anonymous User wrote:
Anonymous User wrote:
Anonymous User wrote:
Anonymous User wrote:Baker matching is huge. They're a behemoth with offices in every major market. If they can match, any V50 can and should match.
Looking at you Orrick...
Why? There are many other obvious firms that haven't moved.
Yeah like, where's K&L Gates? Where's Hogan Lovells? Where's Norton Rose? What's a Fragomen?

EDIT: What are Fragomen? Like are they fraggles? Are they men? We are Devo? This whole waiting game has me seriously out of sorts.
K&L had a 16% drop in revenue in 2017. They ain't doin shit
How does that even happen
Former K&L associate here. They had a huge contingency fee case that really padded their numbers. They had a big jump in PPP in 2016 because of the contingency fee and then dropped back to about where it was.

That said, they don't even try to pay market anymore. They are so far off it's not even funny (really, it's not - it was incredibly frustrating actually). They still do too much low margin work from when it was a bunch of regional firms. There are some great lawyers with top tier work, but as a whole a lot of offices are more similar to a regional firm than an international firm.

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Re: NYC to 200k

Post by Anonymous User » Wed Jun 20, 2018 6:41 pm

Anonymous User wrote:
Anonymous User wrote:
Anonymous User wrote:V25 Wall of Shame:
  • 1. Cravath
    2. Wachtell
    3. Skadden
    4. Sullivan & Cromwell
    5. Latham
    6. Davis Polk
    7. Simpson Thacher
    8. Kirkland
    9. Gibson
    10. Paul Weiss
    11. Weil
    12. Quinn
    13. Sidley Austin
    14. Cleary Gottlieb
    15. Covington
    16. Jones Day
    17. Williams & Connolly (they do their own thing)
    18. Debevoise
    19. White & Case
    20. WilmerHale
    21. Ropes & Gray
    22. Paul Hastings
    23. Boies Schiller
    24. Morrison & Foerster
    25. Hogan Lovells
No match at Boies Schiller...
Is Boies still around? I thought they were bought by Paul Hastings or something.
Yeah why is Boies crossed off?

The above market bonuses are great, but they still need to match base salaries to remain competiive.

And fwiw I think it was just the corporate group at Boies that got sold off to PH. Its entirely lit now

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Anonymous User
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Re: NYC to 200k

Post by Anonymous User » Wed Jun 20, 2018 6:42 pm

Anonymous User wrote:
Anonymous User wrote:
Anonymous User wrote:
Anonymous User wrote:Baker matching is huge. They're a behemoth with offices in every major market. If they can match, any V50 can and should match.
Looking at you Orrick...
Why? There are many other obvious firms that haven't moved.
So I can decide whether to start answering recruiters’ calls?
Is the fact that you aren't lockstep not sufficient reason?

Anonymous User
Posts: 428105
Joined: Tue Aug 11, 2009 9:32 am

Re: NYC to 200k

Post by Anonymous User » Wed Jun 20, 2018 6:56 pm

Four matches Monday. Three matches Tuesday. Two matches today. I know lawyers aren't supposed to know how to math but this trend does not feel good.

I guess Baker McKenzie is better news for those of us at non-V20/AmLaw PEP 20 firms than say Gibson or Latham or even WilmerFail. But still, today was pathetic, no spinning it.

Anonymous User
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Re: NYC to 200k

Post by Anonymous User » Wed Jun 20, 2018 6:57 pm

Anonymous User wrote:
Anonymous User wrote:
Anonymous User wrote:
Anonymous User wrote:V25 Wall of Shame:
  • 1. Cravath
    2. Wachtell
    3. Skadden
    4. Sullivan & Cromwell
    5. Latham
    6. Davis Polk
    7. Simpson Thacher
    8. Kirkland
    9. Gibson
    10. Paul Weiss
    11. Weil
    12. Quinn
    13. Sidley Austin
    14. Cleary Gottlieb
    15. Covington
    16. Jones Day
    17. Williams & Connolly (they do their own thing)
    18. Debevoise
    19. White & Case
    20. WilmerHale
    21. Ropes & Gray
    22. Paul Hastings
    23. Boies Schiller
    24. Morrison & Foerster
    25. Hogan Lovells
No match at Boies Schiller...
Is Boies still around? I thought they were bought by Paul Hastings or something.
Yeah why is Boies crossed off?

The above market bonuses are great, but they still need to match base salaries to remain competiive.

And fwiw I think it was just the corporate group at Boies that got sold off to PH. Its entirely lit now
"above market bonuses" is fake news circa 2014. read the last few ATL articles. comp is now below market for most.

Anonymous User
Posts: 428105
Joined: Tue Aug 11, 2009 9:32 am

Re: NYC to 200k

Post by Anonymous User » Wed Jun 20, 2018 7:07 pm

Anonymous User wrote:
Anonymous User wrote:
Anonymous User wrote:
Anonymous User wrote:
Anonymous User wrote:Baker matching is huge. They're a behemoth with offices in every major market. If they can match, any V50 can and should match.
Looking at you Orrick...
Why? There are many other obvious firms that haven't moved.
So I can decide whether to start answering recruiters’ calls?
Is the fact that you aren't lockstep not sufficient reason?
We are, at least in my experience. I haven’t heard of anyone not getting their annual promotion.

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

Re: NYC to 200k

Post by Anonymous User » Wed Jun 20, 2018 7:21 pm

Anonymous User wrote:
Anonymous User wrote:
Anonymous User wrote:
Anonymous User wrote:V25 Wall of Shame:
  • 1. Cravath
    2. Wachtell
    3. Skadden
    4. Sullivan & Cromwell
    5. Latham
    6. Davis Polk
    7. Simpson Thacher
    8. Kirkland
    9. Gibson
    10. Paul Weiss
    11. Weil
    12. Quinn
    13. Sidley Austin
    14. Cleary Gottlieb
    15. Covington
    16. Jones Day
    17. Williams & Connolly (they do their own thing)
    18. Debevoise
    19. White & Case
    20. WilmerHale
    21. Ropes & Gray
    22. Paul Hastings
    23. Boies Schiller
    24. Morrison & Foerster
    25. Hogan Lovells
No match at Boies Schiller...
Is Boies still around? I thought they were bought by Paul Hastings or something.
Yeah why is Boies crossed off?

The above market bonuses are great, but they still need to match base salaries to remain competiive.

And fwiw I think it was just the corporate group at Boies that got sold off to PH. Its entirely lit now
With the bonus formula, base salary at boies is basically just an advance on your bonus. So raising base doesn't mean raising overall comp. They'd have to change the formula. *hopefully* that's what's taking so long. But I can't imagine they'd let the optics of having below market base salaries last.

Anonymous User
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Re: NYC to 200k

Post by Anonymous User » Wed Jun 20, 2018 7:42 pm

LaTTTham and GDC have to match tomorrow.

Marshallian

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Re: NYC to 200k

Post by Marshallian » Wed Jun 20, 2018 7:54 pm

Anonymous User wrote:LaTTTham and GDC have to match tomorrow.
No they don’t, unfortunately.

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NakedPowerOrgan

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Re: NYC to 200k

Post by NakedPowerOrgan » Wed Jun 20, 2018 8:12 pm

Wall of Shame, updated to compare to more of their less-shameful colleagues.
NakedPowerOrgan wrote:Wall of Shame for Firms Yet to Announce:
  • Kirkland ($4.70MM PPP, 30.9% L5Y PPP growth, 3.0 EP:Assoc. leverage)
    Davis Polk ($3.70MM PPP, 33.6% L5Y PPP growth, 3.5 EP:Assoc. leverage)
    Weil ($3.64MM PPP, 38.7% L5Y PPP growth, 3.8 EP:Assoc. leverage)
    Paul Weiss ($4.56MM PPP, 26.6% L5Y PPP growth, 3.6 EP:Assoc. leverage)
    Milbank ($3.46MM PPP, 29.3% L5Y PPP growth, 2.6 EP:Assoc. leverage)
    Fried Frank ($2.94MM PPP, 55.3% L5Y PPP growth, 2.9 EP:Assoc. leverage)
    Simpson ($3.68MM PPP, 27.6% L5Y PPP growth, 3.2 EP:Assoc. leverage)
    Skadden ($3.47MM PPP, 24.7% L5Y PPP growth, 2.5 EP:Assoc. leverage)
    SullCrom ($4.27MM PPP, 19.2% L5Y PPP growth, 3.1 EP:Assoc. leverage)
    Willkie ($2.97MM PPP, 30.3% L5Y PPP growth, 2.8 EP:Assoc. leverage)

    1. Akin Gump ($2.39MM PPP, 35.5% L5Y PPP growth, 2.0 EP:Assoc. leverage)
    2. Latham ($3.25MM PPP, 24.8% L5Y PPP growth, 3.0 EP:Assoc. leverage)
    3. Paul Hastings ($2.91MM PPP, 28.4% L5Y PPP growth, 2.8 EP:Assoc. leverage)
    4. Boies ($3.27MM PPP, 16.7% L5Y PPP growth, 2.0 EP:Assoc. leverage)
    4. Shearman ($2.32MM PPP, 34.4% L5Y PPP growth, 2.6 EP:Assoc. leverage)

    Vinson & Elkins ($2.36MM PPP, 37.7% L5Y PPP growth, 3.2 EP:Assoc. leverage)
    Quinn ($4.74MM PPP, 6.3% L5Y PPP growth, 2.5 EP:Assoc. leverage)

    6. King & Spalding ($2.61MM PPP, 23.8% L5Y PPP growth, 2.1 EP:Assoc. leverage)
    Cravath ($4.00MM PPP, 14.2% L5Y PPP growth, 4.3 EP:Assoc. leverage)
    7. Gibson Dunn ($3.24MM PPP, 13.3% L5Y PPP growth, 2.8 EP:Assoc. leverage)
    Schulte ($2.56MM PPP, 17.7% L5Y PPP growth, 2.1 EP:Assoc. leverage)
    8. WilmerHale ($2.12MM PPP, 31.0% L5Y PPP growth, 2.2 EP:Assoc. leverage)
    Ropes ($2.32MM PPP, 31.5% L5Y PPP growth, 3.2 EP:Assoc. leverage)
    9. Dechert ($2.68MM PPP, 21.7% L5Y PPP growth, 3.4 EP:Assoc. leverage)
    Goodwin ($2.15MM PPP, 29.6% L5Y PPP growth, 2.3 EP:Assoc. leverage)
    Proskauer ($2.37MM PPP, 21.8% L5Y PPP growth, 2.5 EP:Assoc. leverage)
    Cahill ($3.69MM PPP, 3.7% L5Y PPP growth, 2.8 EP:Assoc. leverage)

    Cooley ($2.08MM PPP, 28.3% L5Y PPP growth, 2.4 EP:Assoc. leverage)
    Winston ($2.16MM PPP, 31.0% L5Y PPP growth, 3.2 EP:Assoc. leverage)[/s]
    10. Baker Botts ($1.84MM PPP, 26.0% L5Y PPP growth, 1.9 EP:Assoc. leverage)
    Cleary ($3.07MM PPP, 12.5% L5Y PPP growth, 3.7 EP:Assoc. leverage)
    Debevoise ($2.83MM PPP, 26.6% L5Y PPP growth, 5.3 EP:Assoc. leverage)

    Sidley ($2.26MM PPP, 20.4% L5Y PPP growth, 2.8 EP:Assoc. leverage)
    Wilson Sonsini ($2.21MM PPP, 25.6% L5Y PPP growth, 3.5 EP:Assoc. leverage)[/s]
    11. Alston & Bird ($1.93MM PPP, 11.0% L5Y PPP growth, 1.2 EP:Assoc. leverage)
    White & Case ($2.26MM PPP, 24.8% L5Y PPP growth, 3.8 EP:Assoc. leverage)
    Kramer Levin ($2.15MM PPP, 22.2% L5Y PPP growth, 3.1 EP:Assoc. leverage)

    12. Sheppard ($1.71MM PPP, 26.0% L5Y PPP growth, 2.4 EP:Assoc. leverage)
    13. Cadwalader ($2.51MM PPP, -5.6% L5Y PPP growth, 4.5 EP:Assoc. leverage)
    13. Mayer Brown ($1.58MM PPP, 27.0% L5Y PPP growth, 2.5 EP:Assoc. leverage)
    15. Holland & Knight ($1.36MM PPP, 30.1% L5Y PPP growth, 2.1 EP:Assoc. leverage)
    16. McDermott ($1.71MM PPP, 14.8% L5Y PPP growth, 1.8 EP:Assoc. leverage)
    17. Katten ($1.57MM PPP, 16.6% L5Y PPP growth, 1.7 EP:Assoc. leverage)

    18. Fragomen ($1.98MM PPP, 23.9% L5Y PPP growth, 4.2 EP:Assoc. leverage)
    19. Covington ($1.54MM PPP, 18.0% L5Y PPP growth, 2.0 EP:Assoc. leverage)
    19. Greenberg ($1.63MM PPP, 16.8% L5Y PPP growth, 2.2 EP:Assoc. leverage)
    21. Fish & Richardson ($1.63MM PPP, 8.9% L5Y PPP growth, 1.5 EP:Assoc. leverage)
    21. MoFo ($1.74MM PPP, 15.3% L5Y PPP growth, 2.7 EP:Assoc. leverage)
    23. O'Melveny ($2.01MM PPP, -2.6% L5Y PPP growth, 3.3 EP:Assoc. leverage)
    23. Orrick ($1.86MM PPP, 12.5% L5Y PPP growth, 3.8 EP:Assoc. leverage)
    25. Fenwick ($1.51MM PPP, 23.7% L5Y PPP growth, 2.8 EP:Assoc. leverage)

    26. Jenner ($1.42MM PPP, -5.2% L5Y PPP growth, 1.7 EP:Assoc. leverage)

    Baker McKenzie ($1.30MM PPP, 16.2% L5Y PPP growth, 2.7 EP:Assoc. leverage)
    Morgan Lewis ($1.37MM PPP, -13.3% L5Y PPP growth, 1.3 EP:Assoc. leverage)
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California
Washington, D.C.
Chicago
Houston
Boston
Atlanta
Philadelphia

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

Re: NYC to 200k

Post by Anonymous User » Wed Jun 20, 2018 8:24 pm

Anonymous User wrote:LaTTTham and GDC have to match tomorrow.
This is precious.

Anonymous User
Posts: 428105
Joined: Tue Aug 11, 2009 9:32 am

Re: NYC to 200k

Post by Anonymous User » Wed Jun 20, 2018 8:25 pm

Received my first recruiter email explicitly mentioning raises / summer bonuses:
Hi XXXXX -

I head up recruiting at XXXXX in Chicago. I'm reaching out to you, because, as you may be aware, many large firms have adopted the new associate salary scale, deemed the moniker "the Milbank, as amended with regard to bonus structure by Simpson, as further modified for senior associates in accordance with Cravath scale."

While your firm has not yet announced whether it will match the new scale, and given current trends in Chicago, many associates, like you, are meeting with recruiters to evaluate strategies to achieve their career goals (e.g. challenging/varied work, quality training, partnership track, in-house, etc.).

Whether you're actively looking or curious how the trends are affecting your practice, or more broadly, your legal career, it behooves you to know how you and your peers are being treated (e.g. salary, mentoring, types of clients, promotions, bonuses, firm culture & diversity, etc.).

We're recruiting pretty extensively for associate attorneys. As a former "Big Law" attorney, myself, I was researching top candidates for a client and came across your firm profile; and given your impressive credentials and experience, and the recent market trends, I thought it imperative that I reach out to you.

My goal is to build long-term professional relationships with stellar attorneys, like you, so that I may be available, should you have any questions or interest in learning about the market. I'm sure you'd agree that having an expert keep you in mind for unique opportunities tailored to your aspirations would be useful, should your situation change. As such, please feel free to connect with me on LinkedIn.

If your schedule permits, in the next two weeks, I'd like to give you a call and learn a bit more about you and your practice. Please let me know if there are any dates and a few time-blocks that would work for you to chat, the best phone number at which to reach you, and I will follow-up with a quick call at a mutually convenient time.

If you'd prefer to speak after work-hours, I'd be happy to accommodate and schedule an evening call.

I look forward to your reply and connecting with you in the near future.

Best Regards,

- XXXXX

Anonymous User
Posts: 428105
Joined: Tue Aug 11, 2009 9:32 am

Re: NYC to 200k

Post by Anonymous User » Wed Jun 20, 2018 8:27 pm

take the call, get paid, and maybe avoid being lathamed in 3 years

Anonymous User
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Re: NYC to 200k

Post by Anonymous User » Wed Jun 20, 2018 8:54 pm

Anonymous User wrote:take the call, get paid, and maybe avoid being lathamed in 3 years
Serious question from someone who wasn’t even a 0L during the Recession: Who are best and worst off during layoffs, among associates? Are laterals safer than non-laterals? What about junior v. midlevel v. senior associates?

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Anonymous User
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Re: NYC to 200k

Post by Anonymous User » Wed Jun 20, 2018 8:57 pm

Anonymous User wrote:Received my first recruiter email explicitly mentioning raises / summer bonuses:
Hi XXXXX -

I head up recruiting at XXXXX in Chicago. I'm reaching out to you, because, as you may be aware, many large firms have adopted the new associate salary scale, deemed the moniker "the Milbank, as amended with regard to bonus structure by Simpson, as further modified for senior associates in accordance with Cravath scale."

While your firm has not yet announced whether it will match the new scale, and given current trends in Chicago, many associates, like you, are meeting with recruiters to evaluate strategies to achieve their career goals (e.g. challenging/varied work, quality training, partnership track, in-house, etc.).

Whether you're actively looking or curious how the trends are affecting your practice, or more broadly, your legal career, it behooves you to know how you and your peers are being treated (e.g. salary, mentoring, types of clients, promotions, bonuses, firm culture & diversity, etc.).

We're recruiting pretty extensively for associate attorneys. As a former "Big Law" attorney, myself, I was researching top candidates for a client and came across your firm profile; and given your impressive credentials and experience, and the recent market trends, I thought it imperative that I reach out to you.

My goal is to build long-term professional relationships with stellar attorneys, like you, so that I may be available, should you have any questions or interest in learning about the market. I'm sure you'd agree that having an expert keep you in mind for unique opportunities tailored to your aspirations would be useful, should your situation change. As such, please feel free to connect with me on LinkedIn.

If your schedule permits, in the next two weeks, I'd like to give you a call and learn a bit more about you and your practice. Please let me know if there are any dates and a few time-blocks that would work for you to chat, the best phone number at which to reach you, and I will follow-up with a quick call at a mutually convenient time.

If you'd prefer to speak after work-hours, I'd be happy to accommodate and schedule an evening call.

I look forward to your reply and connecting with you in the near future.

Best Regards,

- XXXXX
Received my first one as well.

Good afternoon XXXX

I am currently working with a number of top firms in the XXXX area and across multiple other locations in XXXX, seeking Litigation associates for their leading groups.

Some of these firms have matched the new salary scale:

2017 JD - $190,000
2016 JD - $200,000
2015 JD - $220,000
2014 JD - $255,000
2013 JD - $280,000

If you're interested in a lateral move, please be in touch. I can also assist with a relocation to any legal market in the US.

Many thanks,

XXXX

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vibius

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Re: NYC to 200k

Post by vibius » Wed Jun 20, 2018 10:52 pm

Y’all really need to double check your info on Baker. It’s just for US associates. That’s a pretty important distinction. While there may be tons of int’l associates, in the US the partner-associate ratio is close to 1:1.

Baker has about 750 US lawyers and about half of them are associates. Moreover, a good chunk of associates are in the highly profitable tax groups. It wasn’t as big of a financial stretch as you’d think.
Anonymous User wrote:
Anonymous User wrote:Baker McKenzie match with bonuses.

Big f-ing deal (not being sarcastic).
$1.3MM PPP, highly levered, and a ton of associates. Pretty embarrassing for firms like Greenberg ($1.6MM PPP) and Reed Smith ($1.2MM PPP) that proactively embarrassed themselves by releasing statements about how their associates didn't deserve an extra penny of profits from their slumlord partners, and for firms like Cooley ($2.1MM PPP) that would rather play hide-the-ball shell games with their associates than just give them summer bonuses like other firms.

Anonymous User
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Re: NYC to 200k

Post by Anonymous User » Thu Jun 21, 2018 12:15 am

vibius wrote:Y’all really need to double check your info on Baker. It’s just for US associates. That’s a pretty important distinction. While there may be tons of int’l associates, in the US the partner-associate ratio is close to 1:1.

Baker has about 750 US lawyers and about half of them are associates. Moreover, a good chunk of associates are in the highly profitable tax groups. It wasn’t as big of a financial stretch as you’d think.

Unhelpful

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

Re: NYC to 200k

Post by Anonymous User » Thu Jun 21, 2018 12:37 am

Anonymous User wrote:
Anonymous User wrote:
Anonymous User wrote: K&S has a firm-wide meeting tomorrow (was already on the books). Wouldn't be a bad time to announce...
Anyone know how this went?

Sincerely,
Every ATL associate
Bumping this back up - surely someone has some info? It's near 6 PM in Atlanta, so this meeting must have already happened?
In the official session, the CEO said that changes to compensation are being considered. Then, offline, one of our recruiters said that we might get some news next week.

Seriously? What are you waiting for?

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