NYC to 200k Forum

[Anonymous User]

Seriously, if I was a partner reading this thread, and I guarantee some are/have, I'd actually be less inclined to vote for raises.

Or maybe they will gain a new appreciation for the effects of the Brain Drain on law school over the last 10 years, and in a desperate move to save the future of their profession will come OVER THE TOP to 230k so that future generations of lawyers won't be "total fucking morons."

Yep - all partners make decisions based on 20 associates posting on here

[Clearly]

So -- Cravath tomorrow, or after partner meeting Monday?

[Anonymous User]

Seriously, if I was a partner reading this thread, and I guarantee some are/have, I'd actually be less inclined to vote for raises.

If you were a partner less inclined to vote for raises in a multi-million dollar macroeconomy based on how some online posters vent their stress in their offtime in the days immediately after an unexpected raise by a peer firm, you'd be the idiot. #economics.

[Anonymous User]

NY to 190 means first years in London start on ~265 to ~280. Crazy. Only Yale/Columbia types get those jobs though.

Where do you get this info.... I am based in London, from a top 30 big 10 law school, not even top 10%, and I make NY + 85k COLA + Cravath bonus. And London is not much more expensive than NYC, especially now with the lower exchange rate.

his data lines up exactly with yours

Anon from first quote. cr07's reading comp skills + T30 status = guaranteed DPW NY partner track once you get back home!

[OneTwoThreeFour]

Where the hell is that dude who mocked up that fake powerpoint when we went to 180?

He is the hero that we desperately need right now.

[Anonymous User]

computer spazzed - why disable delete posts?

Posters were wiping entire posting histories before leaving the site.

[jimmythetulip]

Where the hell is that dude who mocked up that fake powerpoint when we went to 180?

He is the hero that we desperately need right now.

Where the hell is the money? Seriously, I can't efficiently bill under these repressive conditions!

[Anonymous User]

Where the hell is that dude who mocked up that fake powerpoint when we went to 180?

He is the hero that we desperately need right now.

Where the hell is the money? Seriously, I can't efficiently bill under these repressive conditions!

The inefficiency is costing clients more than if they just raised and let us get back to work!

[Anonymous User]

Latham has been bleeding partners and was toppled by KE re ppp this year.
KE has been know for above market bonuses and lacks motivation to lead the market in any sense. Also their summer class, especially certain practice group has increased exponentially, for the limited work that practice does, they cannot be too bullish. True they dominate debtor representation market at this point and the business model is great, still not sure if it's going to be firm worldwide.
Cravath has been stagnant for years.
DPW had a huge summer class.

and weil/gibson dunn kinda is irrelevant

[Anonymous User]

Latham has been bleeding partners and was toppled by KE re ppp this year.
KE has been know for above market bonuses and lacks motivation to lead the market in any sense. Also their summer class, especially certain practice group has increased exponentially, for the limited work that practice does, they cannot be too bullish. True they dominate debtor representation market at this point and the business model is great, still not sure if it's going to be firm worldwide.
Cravath has been stagnant for years.
DPW had a huge summer class.

and weil/gibson dunn kinda is irrelevant

The ascendancy of Milbank is at hand! All shall bow before Milbank!

[JMWZ]

Latham has been bleeding partners and was toppled by KE re ppp this year.
KE has been know for above market bonuses and lacks motivation to lead the market in any sense. Also their summer class, especially certain practice group has increased exponentially, for the limited work that practice does, they cannot be too bullish. True they dominate debtor representation market at this point and the business model is great, still not sure if it's going to be firm worldwide.
Cravath has been stagnant for years.
DPW had a huge summer class.

and weil/gibson dunn kinda is irrelevant

What about Wachtell?

[Anonymous User]

Latham has been bleeding partners and was toppled by KE re ppp this year.
KE has been know for above market bonuses and lacks motivation to lead the market in any sense. Also their summer class, especially certain practice group has increased exponentially, for the limited work that practice does, they cannot be too bullish. True they dominate debtor representation market at this point and the business model is great, still not sure if it's going to be firm worldwide.
Cravath has been stagnant for years.
DPW had a huge summer class.

and weil/gibson dunn kinda is irrelevant

What about Wachtell?

CovingTTTon will make up for its 2016 memo and take everyone to 191

[smokeylarue]

Latham has been bleeding partners and was toppled by KE re ppp this year.
KE has been know for above market bonuses and lacks motivation to lead the market in any sense. Also their summer class, especially certain practice group has increased exponentially, for the limited work that practice does, they cannot be too bullish. True they dominate debtor representation market at this point and the business model is great, still not sure if it's going to be firm worldwide.
Cravath has been stagnant for years.
DPW had a huge summer class.

and weil/gibson dunn kinda is irrelevant

What about Wachtell?

Wachtell is above these discussions, their compensation blows everyone out of the water with or without matching raises.

[OneTwoThreeFour]

Latham has been bleeding partners and was toppled by KE re ppp this year.
KE has been know for above market bonuses and lacks motivation to lead the market in any sense. Also their summer class, especially certain practice group has increased exponentially, for the limited work that practice does, they cannot be too bullish. True they dominate debtor representation market at this point and the business model is great, still not sure if it's going to be firm worldwide.
Cravath has been stagnant for years.
DPW had a huge summer class.

and weil/gibson dunn kinda is irrelevant

What about Wachtell?

Wachtell is above these discussions, their compensation blows everyone out of the water with or without matching raises.

Is that still true? I know they used to have bonuses that were 100% of base compensation, but is that still happening over there?

[10b5]

Latham has been bleeding partners and was toppled by KE re ppp this year.
KE has been know for above market bonuses and lacks motivation to lead the market in any sense. Also their summer class, especially certain practice group has increased exponentially, for the limited work that practice does, they cannot be too bullish. True they dominate debtor representation market at this point and the business model is great, still not sure if it's going to be firm worldwide.
Cravath has been stagnant for years.
DPW had a huge summer class.

and weil/gibson dunn kinda is irrelevant

What about Wachtell?

Wachtell is above these discussions, their compensation blows everyone out of the water with or without matching raises.

Is that still true? I know they used to have bonuses that were 100% of base compensation, but is that still happening over there?

Not 100% but still exceptional by all accounts. Know a handful of people who work/worked there, and they are all very tight lipped but acknowledge that, while excellent, comp isn't what it was pre-recession.

[Anonymous User]

Latham has been bleeding partners and was toppled by KE re ppp this year.
KE has been know for above market bonuses and lacks motivation to lead the market in any sense. Also their summer class, especially certain practice group has increased exponentially, for the limited work that practice does, they cannot be too bullish. True they dominate debtor representation market at this point and the business model is great, still not sure if it's going to be firm worldwide.
Cravath has been stagnant for years.
DPW had a huge summer class.

and weil/gibson dunn kinda is irrelevant

How are Weil/GDC irrelevant? Do you think there's zero chance of them being market leaders, or do you think that even if they tried they won't be followed?

[oblig.lawl.ref]

Seriously, not trying to convince lurking partners to raise, but if Cravath/S&C/WLRK, hell even Skadden/PW/KE/L&W, etc., do not match MILBANK it will be to their eternal and undying shame. I don't care how equivalent Milbank is to the aforementioned highly prestigious firms.

[ghostoftraynor]

Everyone is going to match. The legal industry is just too scared to do anything until Cravath does.

[Anonymous User]

Seriously, not trying to convince lurking partners to raise, but if Cravath/S&C/WLRK, hell even Skadden/PW/KE/L&W, etc., do not match MILBANK it will be to their eternal and undying shame. I don't care how equivalent Milbank are to the aforementioned highly prestigious firms.

Wish the vault survey came out now. I work for a V10 but would happily vote my firm out to promote aMiliBANK

[Anonymous User]

Latham has been bleeding partners and was toppled by KE re ppp this year.
KE has been know for above market bonuses and lacks motivation to lead the market in any sense. Also their summer class, especially certain practice group has increased exponentially, for the limited work that practice does, they cannot be too bullish. True they dominate debtor representation market at this point and the business model is great, still not sure if it's going to be firm worldwide.
Cravath has been stagnant for years.
DPW had a huge summer class.

and weil/gibson dunn kinda is irrelevant

How are Weil/GDC irrelevant? Do you think there's zero chance of them being market leaders, or do you think that even if they tried they won't be followed?

If there’s ever a time for a new comp leader, it’s now

[Anonymous User]

Milbank raise is alright-->they are old school wall street white shoe firm, the entrenched history and consistently lien leverage gives them the status to raise and challenge cravath scale.
though not sure about proskauer or wiston strawn, they kinda random

[OneTwoThreeFour]

Everyone is going to match. The legal industry is just too scared to do anything until Cravath does.

This is so bizarre to me. Cravath doesn't really take any laterals right? Why are they such an influential firm?

[Anonymous User]

It doesn’t just come down to salary for me. You get different opportunities and cultures vary at different firms. Obviously want to see the scale raised across the board, but if that doesn’t happen, it’s still not so cut and dry for me.

[Anonymous User]

Everyone is going to match. The legal industry is just too scared to do anything until Cravath does.

This is so bizarre to me. Cravath doesn't really take any laterals right? Why are they such an influential firm?

When you have a 100 person starting class and you only promote 4 partners a year, why take laterals? Churn and burn

[Anonymous User]

It doesn’t just come down to salary for me. You get different opportunities and cultures vary at different firms. Obviously want to see the scale raised across the board, but if that doesn’t happen, it’s still not so cut and dry for me.

This is not helpful.