NYC to 200k

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Re: NYC to 200k

Postby Anonymous User » Sun Jun 17, 2018 3:48 pm

Fingers crossed for SV firms to move tomorrow

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Re: NYC to 200k

Postby Anonymous User » Sun Jun 17, 2018 4:17 pm

Anonymous User wrote:Fingers crossed for SV firms to move tomorrow


WSGR moved on Friday so you'd probably expect Cooley to follow pretty quickly. I think Cooley actually moved first amongst the SV firms last time.

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Re: NYC to 200k

Postby Anonymous User » Sun Jun 17, 2018 4:34 pm

Thoughts on whether California firms like Pillsbury will match and when ?

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Re: NYC to 200k

Postby Anonymous User » Sun Jun 17, 2018 8:40 pm

Anyone heard of match activity at one of the above/off-market scale comp firms (Wachtell, Boies Schiller, Willims & Connolly?).

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Re: NYC to 200k

Postby Anonymous User » Sun Jun 17, 2018 9:39 pm

Anonymous User wrote:Anyone heard of match activity at one of the above/off-market scale comp firms (Wachtell, Boies Schiller, Willims & Connolly?).


Wachtell never matched 180k because their comp was already higher. The same is true for the new scale. No need to send out a memo when all associates already get paid well above-market.

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Re: NYC to 200k

Postby Anonymous User » Mon Jun 18, 2018 9:36 am

Are all you Covington associates still going to vote Eric Holder 2020 if Covington doesn't match?

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Re: NYC to 200k

Postby Anonymous User » Mon Jun 18, 2018 9:48 am

Nothing like spending your Monday morning watching bar prep videos x2 and waiting for your firm to match

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Re: NYC to 200k

Postby Anonymous User » Mon Jun 18, 2018 10:38 am

This thread is dying people.

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Re: NYC to 200k

Postby Anonymous User » Mon Jun 18, 2018 10:49 am

Anonymous User wrote:This thread is dying people.


Cuz it's only followed by people at firms that haven't matched.

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Re: NYC to 200k

Postby Anonymous User » Mon Jun 18, 2018 10:59 am

Let’s shame Milbank for trying to swing a big dick but yet still hasn’t matched

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Re: NYC to 200k

Postby Anonymous User » Mon Jun 18, 2018 10:59 am

Anonymous User wrote:Let’s shame Milbank for trying to swing a big dick but yet still hasn’t matched


Milbank is a grower, not a shower.

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Re: NYC to 200k

Postby Anonymous User » Mon Jun 18, 2018 11:15 am

Anonymous User wrote:This thread is dying people.


We're like 2 hours into business hours on the East Coast on a Monday, give it some time.

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Re: NYC to 200k

Postby Anonymous User » Mon Jun 18, 2018 11:18 am

Anonymous User wrote:Nothing like spending your Monday morning watching bar prep videos x2 and waiting for your firm to match


That was me in 2016, except back then DC matched in a week. Now we're 2 weeks AM (After Milbank) and 1 week AC...

What market you going to?

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Re: NYC to 200k

Postby Anonymous User » Mon Jun 18, 2018 11:24 am

Anonymous User wrote:
Anonymous User wrote:Nothing like spending your Monday morning watching bar prep videos x2 and waiting for your firm to match


That was me in 2016, except back then DC matched in a week. Now we're 2 weeks AM (After Milbank) and 1 week AC...

What market you going to?


DC

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Re: NYC to 200k

Postby Anonymous User » Mon Jun 18, 2018 11:29 am

Anonymous User wrote:
Anonymous User wrote:Anyone heard of match activity at one of the above/off-market scale comp firms (Wachtell, Boies Schiller, Willims & Connolly?).


Wachtell never matched 180k because their comp was already higher. The same is true for the new scale. No need to send out a memo when all associates already get paid well above-market.


This is not accurate; Wachtell did move its base salary. As did Boies and W&C.

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Re: NYC to 200k

Postby Anonymous User » Mon Jun 18, 2018 11:35 am

Anonymous User wrote:
Anonymous User wrote:
Anonymous User wrote:Anyone heard of match activity at one of the above/off-market scale comp firms (Wachtell, Boies Schiller, Willims & Connolly?).


Wachtell never matched 180k because their comp was already higher. The same is true for the new scale. No need to send out a memo when all associates already get paid well above-market.


This is not accurate; Wachtell did move its base salary. As did Boies and W&C.


According to Vault, Wachtell base was 185k.


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Re: NYC to 200k

Postby Anonymous User » Mon Jun 18, 2018 11:44 am

White & Case matches Cravath with bonus (only a good standing requirement)

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Re: NYC to 200k

Postby Anonymous User » Mon Jun 18, 2018 11:51 am

Anonymous User wrote:White & Case matches Cravath with bonus (only a good standing requirement)


Firms with middling revenue per lawyers marks like White and Case and MLB matching is a good sign for everyone else.

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Re: NYC to 200k

Postby Anonymous User » Mon Jun 18, 2018 12:02 pm

Anonymous User wrote:White & Case matches Cravath with bonus (only a good standing requirement)


confirmation?


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Re: NYC to 200k

Postby Anonymous User » Mon Jun 18, 2018 12:23 pm

Anonymous User wrote:
Anonymous User wrote:
Anonymous User wrote:Anyone heard of match activity at one of the above/off-market scale comp firms (Wachtell, Boies Schiller, Willims & Connolly?).


Wachtell never matched 180k because their comp was already higher. The same is true for the new scale. No need to send out a memo when all associates already get paid well above-market.


This is not accurate; Wachtell did move its base salary. As did Boies and W&C.


W&C especially will have to considering it already was below market.

Consider 4yrs, under current W&C scale they get a 250,000 salary and no bonus.

Cravath is 255 + bonus (60k last year) + 15K summer bonus (~320,000 in total comp this year when accounting for the fact that salary increase was mid year).

That's a pretty huge differential

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Re: NYC to 200k

Postby Anonymous User » Mon Jun 18, 2018 12:33 pm

Anonymous User wrote:
Anonymous User wrote:
Anonymous User wrote:
Anonymous User wrote:Anyone heard of match activity at one of the above/off-market scale comp firms (Wachtell, Boies Schiller, Willims & Connolly?).


Wachtell never matched 180k because their comp was already higher. The same is true for the new scale. No need to send out a memo when all associates already get paid well above-market.


This is not accurate; Wachtell did move its base salary. As did Boies and W&C.


W&C especially will have to considering it already was below market.

Consider 4yrs, under current W&C scale they get a 250,000 salary and no bonus.

Cravath is 255 + bonus (60k last year) + 15K summer bonus (~320,000 in total comp this year when accounting for the fact that salary increase was mid year).

That's a pretty huge differential


Imagine being simultaneously smart enough to land a gig at W&C but dumb enough to work there instead of Covington/Wilmer/GDC/A&P given the compensation.

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Re: NYC to 200k

Postby Anonymous User » Mon Jun 18, 2018 12:39 pm

The cream don't go to White & Case.

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Re: NYC to 200k

Postby Anonymous User » Mon Jun 18, 2018 12:41 pm

Anonymous User wrote:The cream don't go to White & Case.


No, they go to Williams & Connolly even though they're given less compensation to do so.



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