NY GOES TO 180k! IT HAPPENED!!!! (CovingTTTon does a 180! Holder wept.) Forum

[rpupkin]

Don't mock me, bro. You're the one twisting yourself into logical contortions in order to rationalize your denial about LA's imminent secondary-market status. Silicon Beach? Really? And look at your list of law firms:

Latham: headquartered in NYC
O'Melveny: years of steady decline
MTO: not even V25
Irell: just lost all of its prestigious white collar attorneys
Gibson Dunn: flirts with V10 for years but keeps falling short; it's like UT with the T14.
Quinn Emanuel: LJL

I can't even... Until you have a shred of actual evidence that LA is "imminently" headed to "secondary-market status" (beyond your admittedly impressive ability to count T14 schools), I think I'll stick to "rationalizing my denial."

[Traynor Brah]

LOL again. That's like saying no one wants to attend SLS or YLS because those schools have small class sizes.

Solid reasoning man...

Don't mock me, bro. You're the one twisting yourself into logical contortions in order to rationalize your denial about LA's imminent secondary-market status. Silicon Beach? Really? And look at your list of law firms:

Latham: headquartered in NYC
O'Melveny: years of steady decline
MTO: not even V25
Irell: just lost all of its prestigious white collar attorneys
Gibson Dunn: flirts with V10 for years but keeps falling short; it's like UT with the T14.
Quinn Emanuel: LJL

I can't even... Until you have a shred of actual evidence that LA is "imminently" headed to "secondary-market status" (beyond your admittedly impressive ability to count T14 schools), I think I'll stick to "rationalizing my denial."

Flame?

[052220152]

guys i think we are getting a bit ahead of ourselves here. while LA is definitely sliding into secondary status due to their lack of t14s, i hardly doubt that ann arbor, durham, and new haven markets are going to bump up to 190 to match the other primaries. i could see them going to 160 with matching bonuses though.

[Nekrowizard]

LOL again. That's like saying no one wants to attend SLS or YLS because those schools have small class sizes.

Solid reasoning man...

Don't mock me, bro. You're the one twisting yourself into logical contortions in order to rationalize your denial about LA's imminent secondary-market status. Silicon Beach? Really? And look at your list of law firms:

Latham: headquartered in NYC
O'Melveny: years of steady decline
MTO: not even V25
Irell: just lost all of its prestigious white collar attorneys
Gibson Dunn: flirts with V10 for years but keeps falling short; it's like UT with the T14.
Quinn Emanuel: LJL

I can't even... Until you have a shred of actual evidence that LA is "imminently" headed to "secondary-market status" (beyond your admittedly impressive ability to count T14 schools), I think I'll stick to "rationalizing my denial."

Please stop this egregious trolling.

guys i think we are getting a bit ahead of ourselves here. while LA is definitely sliding into secondary status due to their lack of t14s, i hardly doubt that ann arbor, durham, and new haven markets are going to bump up to 190 to match the other primaries. i could see them going to 160 with matching bonuses though.

Ah, but you see, there's only ONE (1) T14 school in those places. Of course they won't match.

[BigZuck]

I think this thread is really good and I like it very much

[Anonymous User]

Which firms give lock-step bonuses with no minimum billables? Looking at past years it doesn't look like there are many.

Proskauer.

[Anonymous User]

Whoops

[Big Shrimpin]

after having spent the last 4 years in BIGLAW, i couldnt give a FUCK about law schools/rankings

accordingly, im going 2 use my EMERITUS status to request kindly an end to this stupid debate

[hoos89]

FWIW, my friend at simpson thacher (2nd year associate) LA has heard nothing about htis and said its "probably not true".

I find this unsurprising. When NYC moves to 190K, I doubt that LA will be brought along for the ride. Consider: The other major legal markets--NYC, Chicago, and SF/SV--each contain two prestigious T14 law schools. How many elite law schools does LA have? Zero. Frankly, the writing has been on the wall for years that LA is destined to become a below-market city.

LA has UCLA and USC. While not T14, they still have great reputations and are both T20.

LOL. Yes, both schools have solid regional reputations, like fellow T20 also-rans WUSTL and Minnesota. Have you checked out market salary in St. Louis and Minneapolis lately? That's where the LA market is heading, my friend.

LA to $115k

[Big Shrimpin]

Which firms give lock-step bonuses with no minimum billables? Looking at past years it doesn't look like there are many.

Proskauer.

GOOD 2 KNO

[Traynor Brah]

Which firms give lock-step bonuses with no minimum billables? Looking at past years it doesn't look like there are many.

Proskauer.

***peer firms

[rpupkin]

after having spent the last 4 years in BIGLAW, i couldnt give a FUCK about law schools/rankings

accordingly, im going 2 use my EMERITUS status to request kindly an end to this stupid debate

I call flame. No one with four years of experience in big law would write this:

Which firms give lock-step bonuses with no minimum billables? Looking at past years it doesn't look like there are many.

this is actually a very interesting question

everybody stop talking about law schools (law school is sooo 3 years ago) and start talking about CREDITED places to work

Your request is denied and your emeritus status is under investigation.

[fats provolone]

LA is going to 190 but the last 30 will be taxed at 100%

[Big Shrimpin]

took the only path that presented itself, so considering whether a firm paid bonuses without billable minimums was not a an analysis that i had the luxury to undertake

last poast ITT anyway

[rpupkin]

took the only path that presented itself, so considering whether a firm paid bonuses without billable

Seriously, I think what DF wrote above is credited. A lack of a billable hour minimum (or a low billable hour minimum) is appealing in theory, but it makes little (if any) difference in practice.

[horns12]

took the only path that presented itself, so considering whether a firm paid bonuses without billable

Seriously, I think what DF wrote above is credited. A lack of a billable hour minimum (or a low billable hour minimum) is appealing in theory, but it makes little (if any) difference in practice.

Let's you hang out in a chill practice group for a few years not worrying about hours, but probably doesn't affect too many people.

[rpupkin]

took the only path that presented itself, so considering whether a firm paid bonuses without billable

Seriously, I think what DF wrote above is credited. A lack of a billable hour minimum (or a low billable hour minimum) is appealing in theory, but it makes little (if any) difference in practice.

Let's you hang out in a chill practice group for a few years not worrying about hours, but probably doesn't affect too many people.

Once a firm ends up with "chill practice groups" with more than a handful of associates, the firm starts doing stuff like imposing minimum billable hour targets for bonuses. That's the thing: the firms that don't have minimums generally don't need them because almost all the associates are billing a ton anyway.

[Lincoln]

Which firms give lock-step bonuses with no minimum billables? Looking at past years it doesn't look like there are many.

this is actually a very interesting question

everybody stop talking about law schools (law school is sooo 3 years ago) and start talking about CREDITED places to work

Paul, Weiss, for one.

I feel like any place with no minimum for bonus is the sort of place where peer pressure makes you bill way over that amount anyway.

Cravath is one of them. That really tells you all you need to know about the importance of not having minimum billables.

[dixiecupdrinking]

"No minimum billables" is to hours as "unlimited vacation days" is to time off.

[Desert Fox]

[UnicornHunter]

Which firms give lock-step bonuses with no minimum billables? Looking at past years it doesn't look like there are many.

this is actually a very interesting question

everybody stop talking about law schools (law school is sooo 3 years ago) and start talking about CREDITED places to work

Paul, Weiss, for one.

I feel like any place with no minimum for bonus is the sort of place where peer pressure makes you bill way over that amount anyway.

Cravath is one of them. That really tells you all you need to know about the importance of not having minimum billables.

Cravath is like the one place where it might be legit. If your partner doesn't have work, you don't have work. That being said, your partner has work.

[chup]

FWIW, my friend at simpson thacher (2nd year associate) LA has heard nothing about htis and said its "probably not true".

I find this unsurprising. When NYC moves to 190K, I doubt that LA will be brought along for the ride. Consider: The other major legal markets--NYC, Chicago, and SF/SV--each contain two prestigious T14 law schools. How many elite law schools does LA have? Zero. Frankly, the writing has been on the wall for years that LA is destined to become a below-market city.

LA has UCLA and USC. While not T14, they still have great reputations and are both T20.

LOL. Yes, both schools have solid regional reputations, like fellow T20 also-rans WUSTL and Minnesota. Have you checked out market salary in St. Louis and Minneapolis lately? That's where the LA market is heading, my friend.

Except no one wants to live in those areas...

Hey eff you buddy.

[First Offense]

I've always heard places with no minimum billables have no minimum billables because you're going to blow past any number they could dream up anyway.

[Glasseyes]

Pretty sure Cadwalader has no min billables and lockstep, or they did for the DC office. NY is undoubtedly just as deadly as any other firm (or worse), though the associates in DC do seem to bill 1750-1850 pretty consistently. If they actually get the lockstep bonus, that sounds like a bearable life.

[rpupkin]

Pretty sure Cadwalader has no min billables and lockstep, or they did for the DC office. NY is undoubtedly just as deadly as any other firm (or worse), though the associates in DC do seem to bill 1750-1850 pretty consistently. If they actually get the lockstep bonus, that sounds like a bearable life.

LJL. Uh, no.