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

[Johann]

well yeah no shit of course youd rather go home at 3 pm. come to think of it id most want to just win the lottery than work.

[rpupkin]

well yeah no shit of course youd rather go home at 3 pm. come to think of it id most want to just win the lottery than work.

Hey, dude, you're the one who called that guy's life your "dream." Anyway, the 7-7 dude clearly has it better than many in big law, I'll grant you that. It just doesn't seem ideal. My life sucks but I'm still at work fewer than 12 hours a day for most days of the year. And I get a market bonus.

[Nekrowizard]

well yeah no shit of course youd rather go home at 3 pm. come to think of it id most want to just win the lottery than work.

It seems like the guy forewent 200K to dick around at work for 6 hours a day for 8 years (doing fun office activities? Shitposting on TLS?).

[Old Gregg]

billing 1700 to keep getting promoted? if you're a partner's right hand it probably means you aren't doing much grunt work but concerned with the strategy stuff etc. 7-7 at the office with a few hours of dicking around seems credited to me. pulled in a million after 5 years without bonus. what's not to love? you could easily have a family on that lifestyle and still retire at age 45/50 if you wanted to.

How about working the same hours, billing more, getting bonuses, and having an actual post-biglaw career?

keep in mind, the chances of you actually having a career in biglaw beyond year 8 by doing this only increase by maybe 1%.

[BlackAndOrange84]

As a long-time lurker, I for one am sorely disappointed by the petering out of this thread.

Did the ATL article take all the wind out of our sails ITT, or is NY to 190 such a fait accompli that it's no longer necessary to fan the flames?

[Anonymous User]

When STB raised salaries from 145 to 160, they did it in January, shortly after bonus season. When NY salaries go up, it'll probably be after the holiday season. January is the best time to raise salaries because lateral hiring usually freezes until bonuses get paid out, but as soon as bonus checks cash, tons of associates jump ship.

That in mind, I wonder what 2015 Christmas/Holiday bonuses will look like. They were up last year--you have to imagine they'll be up again this year as firms have continued to do very well.

[Byakuya769]

As a long-time lurker, I for one am sorely disappointed by the petering out of this thread.

Did the ATL article take all the wind out of our sails ITT, or is NY to 190 such a fait accompli that it's no longer necessary to fan the flames?

Most posts were flames, now that it looks as a foregone conclusion, a lot of the flamers are talking to recruiters right now.

[FSK]

billing 1700 to keep getting promoted? if you're a partner's right hand it probably means you aren't doing much grunt work but concerned with the strategy stuff etc. 7-7 at the office with a few hours of dicking around seems credited to me. pulled in a million after 5 years without bonus. what's not to love? you could easily have a family on that lifestyle and still retire at age 45/50 if you wanted to.

How about working the same hours, billing more, getting bonuses, and having an actual post-biglaw career?

keep in mind, the chances of you actually having a career in biglaw beyond year 8 by doing this only increase by maybe 1%.

1% * BOATLOADS of Cash made during a 20 year tenure as equity party = A SOLID EXPECTED VALUE CHOICE. Just do the math, bruh. You're throwing cash away otherwise.

[Johann]

When STB raised salaries from 145 to 160, they did it in January, shortly after bonus season. When NY salaries go up, it'll probably be after the holiday season. January is the best time to raise salaries because lateral hiring usually freezes until bonuses get paid out, but as soon as bonus checks cash, tons of associates jump ship.

That in mind, I wonder what 2015 Christmas/Holiday bonuses will look like. They were up last year--you have to imagine they'll be up again this year as firms have continued to do very well.

bonuses will probably be about the same and salaries are going up is what its looking like. bonuses should be dope if firms arent matching or salaries dont go up. either way, total comp is going up by a decent margin.

[NoBladesNoBows]

[Traynor Brah]

Wait has 190k actually been confirmed beyond supposed-STB doc/their response, or has this thread just been so effective that we're taking 190k as a given now?

both

[umichman]

Incoming summer at high ranking big law. They have made no mention of what the salary is in the offer letter nor any subsequent communication. Pretty sure they are waiting so that they can tell use the pay is 3600/wk

[Old Gregg]

Incoming summer at high ranking big law. They have made no mention of what the salary is in the offer letter nor any subsequent communication. Pretty sure they are waiting so that they can tell use the pay is 3600/wk

this has always been the case.

[Br3v]

Incoming summer at high ranking big law. They have made no mention of what the salary is in the offer letter nor any subsequent communication. Pretty sure they are waiting so that they can tell use the pay is 3600/wk

this has always been the case.

Man people have always been getting paid at 190 rate? I missed out.

[fats provolone]

Incoming summer at high ranking big law. They have made no mention of what the salary is in the offer letter nor any subsequent communication. Pretty sure they are waiting so that they can tell use the pay is 3600/wk

this has always been the case.

Man people have always been getting paid at 190 rate? I missed out.

190 was confirmed a long time ago. you should sue for back pay.

[dixiecupdrinking]

Incoming summer at high ranking big law. They have made no mention of what the salary is in the offer letter nor any subsequent communication. Pretty sure they are waiting so that they can tell use the pay is 3600/wk

this has always been the case.

Shut up, GREGG

[anonnymouse]

As a long-time lurker, I for one am sorely disappointed by the petering out of this thread.

Did the ATL article take all the wind out of our sails ITT, or is NY to 190 such a fait accompli that it's no longer necessary to fan the flames?

Neither actually. Some of us who have in-the-know contacts have gotten together to vet a second document that has surfaced. Different template/format than STB and I won't hint at who until we've fully vetted but safe to say it looks like there will for sure be comp stratification among firms.

[Anonymous User]

What kind of V range are we talking about for this new document? Can you give us that?

[smaug]

What kind of V range are we talking about for this new document? Can you give us that?

are you worried your tiny pink firm won't match or something?

[Old Gregg]

As a long-time lurker, I for one am sorely disappointed by the petering out of this thread.

Did the ATL article take all the wind out of our sails ITT, or is NY to 190 such a fait accompli that it's no longer necessary to fan the flames?

Neither actually. Some of us who have in-the-know contacts have gotten together to vet a second document that has surfaced. Different template/format than STB and I won't hint at who until we've fully vetted but safe to say it looks like there will for sure be comp stratification among firms.

love it!

[anonnymouse]

As a long-time lurker, I for one am sorely disappointed by the petering out of this thread.

Did the ATL article take all the wind out of our sails ITT, or is NY to 190 such a fait accompli that it's no longer necessary to fan the flames?

Neither actually. Some of us who have in-the-know contacts have gotten together to vet a second document that has surfaced. Different template/format than STB and I won't hint at who until we've fully vetted but safe to say it looks like there will for sure be comp stratification among firms.

love it!

OG I know you are on board with this. Think how IRATE Johannn will be when his all-in comp bumps his PAYE payments above what his SoFi refi payments would have been!!!

[anonnymouse]

What kind of V range are we talking about for this new document? Can you give us that?

Not willing to disclose any further info until this new doc is fully vetted. We are having to work slowly and discreetly. Sorry.

[Br3v]

Firm hasn't set salary yet, but said that last year's incoming salary was "160,000."

Not sure what to think of it but I would say it's more than a subtle hint that a 6 is an upside down 9.

Anyone else's firm say this?

[Old Gregg]

Firm hasn't set salary yet, but said that last year's incoming salary was "160,000."

Not sure what to think of it but I would say it's more than a subtle hint that a 6 is an upside down 9.

Anyone else's firm say this?

everyone's firm says this.

[Traynor Brah]

Shut up, GREGG