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

[Danger Zone]

Because most people (outside of big law) wouldn't consider leaving work at 8pm to be "very attractive"?

[UnicornHunter]

Because most people (outside of big law) wouldn't consider leaving work at 8pm to be "very attractive"?

This. @anon ("why").... I didn't think it was much of a mystery?

[Anonymous User]

I'm taking a class that's being taught by an adjunct biglaw partner. We were talking about associate salaries today in class and, I kid you not, when talking about what we would be making when we all started our biglaw jobs (tone deaf, but that's a different post), he said 190k (not 160k) throughout the entire discussion. Must've said it about 10 times. A friend (also a TLSer, so he was probably thinking the same thing I was -- how did he get the 190 in his head?) talked to him after and brought up the Simpson memo leak. Not only did he know about it, he was pissed because he doesn't want to have to raise salaries. Said it would be bad for associates in the long run.

This is a 100% true story. Seriously.

I'm in this class and can confirm it. I know the tenor of the thread, but the Biglaw partner was aware of the rumor and his firm has had internal discussions about it.

[homestyle28]

Because most people (outside of big law) wouldn't consider leaving work at 8pm to be "very attractive"?

This. @anon ("why").... I didn't think it was much of a mystery?

I leave at 6 most days and barely get to see my kids

[Anonymous User]

Because most people (outside of big law) wouldn't consider leaving work at 8pm to be "very attractive"?

Most people (outside of biglaw) don't gross 160K.

[barkschool]

I'm taking a class that's being taught by an adjunct biglaw partner. We were talking about associate salaries today in class and, I kid you not, when talking about what we would be making when we all started our biglaw jobs (tone deaf, but that's a different post), he said 190k (not 160k) throughout the entire discussion. Must've said it about 10 times. A friend (also a TLSer, so he was probably thinking the same thing I was -- how did he get the 190 in his head?) talked to him after and brought up the Simpson memo leak. Not only did he know about it, he was pissed because he doesn't want to have to raise salaries. Said it would be bad for associates in the long run.

This is a 100% true story. Seriously.

I'm in this class and can confirm it. I know the tenor of the thread, but the Biglaw partner was aware of the rumor and his firm has had internal discussions about it.

What'll be first evidence, when first year salaries come out in 2016?

[Danger Zone]

Because most people (outside of big law) wouldn't consider leaving work at 8pm to be "very attractive"?

Most people (outside of biglaw) don't gross 160K.

I'm not complaining that it's unreasonable, just noting that it's unsurprising that many people would find such a tradeoff to be "depressing."

[homestyle28]

Because most people (outside of big law) wouldn't consider leaving work at 8pm to be "very attractive"?

Most people (outside of biglaw) don't gross 160K.

Note that in context, 8pm departure represented more balance and an "attractive" option. So her view was roughly "top associates are willing to live in second-tier markets, making slightly less pay, for the brass ring of leaving the office at 8pm."

[smaug]

Mods please rename this thread NY to 190k support group

I think we're getting some earnest true believers in here and that bums me out.

[BigZuck]

I'm taking a class that's being taught by an adjunct biglaw partner. We were talking about associate salaries today in class and, I kid you not, when talking about what we would be making when we all started our biglaw jobs (tone deaf, but that's a different post), he said 190k (not 160k) throughout the entire discussion. Must've said it about 10 times. A friend (also a TLSer, so he was probably thinking the same thing I was -- how did he get the 190 in his head?) talked to him after and brought up the Simpson memo leak. Not only did he know about it, he was pissed because he doesn't want to have to raise salaries. Said it would be bad for associates in the long run.

This is a 100% true story. Seriously.

I'm in this class and can confirm it. I know the tenor of the thread, but the Biglaw partner was aware of the rumor and his firm has had internal discussions about it.

I don't think that firms will be motivated to raise salaries just because of a TLS thread and a capable photoshopper. It'd be kinda cool if they were but then I'll also be kinda disappointed that we didn't push for NYC to 200K or 250K or something.

The "bad for associates" thing made me lol though so I'm glad you guys posted this, thanks

[smaug]

Despite what I said above this remains the greatest thread on TLS.

Flame for the future. Flame we can believe in.

[Anonymous User]

This is actually true:

my best friend from undergrad works in finance. his company is one of STB's clients. He heard from his MD (who heard from his partner contact at STB) that first year salaries will be moved up to $190K

While this is most likely crap, it actually could be true that a partner has had this conversation with a client. If a firm is trying to raise rates on a client, one of the first things a client is going to ask is, "why, what's changed." If the firm says its inputs/costs are going up because it has to raise associate salaries to compete with secondary markets and attract top talent, it's actually a decent excuse for trying to raise rates, or at least better than just about anything else a firm could say. Firms may be able to pass some of the cost of raising salaries onto clients, or at least it should help in those rate discussions.

[smaug]

What do you mean?! Everything ITT is true.

[Anonymous User]

Skadden is hosting an impromptu firmwide meeting next Tuesday. The invitation specifically mentions that a cocktail party will follow.

Skadden to 190?

[smaug]

Skadden is hosting an impromptu firmwide meeting next Tuesday. The invitation specifically mentions that a cocktail party will follow.

Skadden to 190?

Obviously you should post the invite so we can dissect it

[Anonymous User]

Skadden is hosting an impromptu firmwide meeting next Tuesday. The invitation specifically mentions that a cocktail party will follow.

Skadden to 190?

Nah, they're the one going to 175 that anonymouse said. Sorry.

[Anonymous User]

Skadden is hosting an impromptu firmwide meeting next Tuesday. The invitation specifically mentions that a cocktail party will follow.

Skadden to 190?

Nah, they're the one going to 175 that anonymouse said. Sorry.

anon was being pretty obvious that he was talking about a V10 that was known for RESTRUCTURING and BANKRUPTCY.

obviously meant Kirkland.

source: i am eric friedman

[dixiecupdrinking]

Because most people (outside of big law) wouldn't consider leaving work at 8pm to be "very attractive"?

Most people (outside of biglaw) don't gross 160K.

You're garbage and your post is garbage

[Anonymous User]

I'm taking a class that's being taught by an adjunct biglaw partner. We were talking about associate salaries today in class and, I kid you not, when talking about what we would be making when we all started our biglaw jobs (tone deaf, but that's a different post), he said 190k (not 160k) throughout the entire discussion. Must've said it about 10 times. A friend (also a TLSer, so he was probably thinking the same thing I was -- how did he get the 190 in his head?) talked to him after and brought up the Simpson memo leak. Not only did he know about it, he was pissed because he doesn't want to have to raise salaries. Said it would be bad for associates in the long run.

This is a 100% true story. Seriously.

I'm in this class and can confirm it. I know the tenor of the thread, but the Biglaw partner was aware of the rumor and his firm has had internal discussions about it.

I don't think that firms will be motivated to raise salaries just because of a TLS thread and a capable photoshopper. It'd be kinda cool if they were but then I'll also be kinda disappointed that we didn't push for NYC to 200K or 250K or something.

The "bad for associates" thing made me lol though so I'm glad you guys posted this, thanks

Are you sure you know what "photoshopping" is? Because I would be very surprised if anything in that photo had been photoshopped.

[Anonymous User]

Skadden is hosting an impromptu firmwide meeting next Tuesday. The invitation specifically mentions that a cocktail party will follow.

Skadden to 190?

Paul Hastings Managing Partners are coming to DC and having a cocktail party Nov. 18th. hmmm? Matching Skadden? Seth and Greg always call them a peer firm.

[SplitMyPants]

Are you sure you know what "photoshopping" is? Because I would be very surprised if anything in that photo had been photoshopped.

Clearly hasn't seen enough shops in his time.

[BigZuck]

I'm taking a class that's being taught by an adjunct biglaw partner. We were talking about associate salaries today in class and, I kid you not, when talking about what we would be making when we all started our biglaw jobs (tone deaf, but that's a different post), he said 190k (not 160k) throughout the entire discussion. Must've said it about 10 times. A friend (also a TLSer, so he was probably thinking the same thing I was -- how did he get the 190 in his head?) talked to him after and brought up the Simpson memo leak. Not only did he know about it, he was pissed because he doesn't want to have to raise salaries. Said it would be bad for associates in the long run.

This is a 100% true story. Seriously.

I'm in this class and can confirm it. I know the tenor of the thread, but the Biglaw partner was aware of the rumor and his firm has had internal discussions about it.

I don't think that firms will be motivated to raise salaries just because of a TLS thread and a capable photoshopper. It'd be kinda cool if they were but then I'll also be kinda disappointed that we didn't push for NYC to 200K or 250K or something.

The "bad for associates" thing made me lol though so I'm glad you guys posted this, thanks

Are you sure you know what "photoshopping" is? Because I would be very surprised if anything in that photo had been photoshopped.

Actually, coward, I thought about labeling the person a "competent typesetter" but that seemed even weirder

[Mamba1991]

Skadden is hosting an impromptu firmwide meeting next Tuesday. The invitation specifically mentions that a cocktail party will follow.

Skadden to 190?

Paul Hastings Managing Partners are coming to DC and having a cocktail party Nov. 18th. hmmm? Matching Skadden? Seth and Greg always call them a peer firm.

Did similar meetings precede the '07 bump to 160k? Any TLS historians out there?

[georgej]

Skadden is hosting an impromptu firmwide meeting next Tuesday. The invitation specifically mentions that a cocktail party will follow.

Skadden to 190?

Paul Hastings Managing Partners are coming to DC and having a cocktail party Nov. 18th. hmmm? Matching Skadden? Seth and Greg always call them a peer firm.

Did similar meetings precede the '07 bump to 160k? Any TLS historians out there?

Can confirm: partners attended cocktail parties pre-2007.

[rpupkin]

I'm taking a class that's being taught by an adjunct biglaw partner. We were talking about associate salaries today in class and, I kid you not, when talking about what we would be making when we all started our biglaw jobs (tone deaf, but that's a different post), he said 190k (not 160k) throughout the entire discussion. Must've said it about 10 times. A friend (also a TLSer, so he was probably thinking the same thing I was -- how did he get the 190 in his head?) talked to him after and brought up the Simpson memo leak. Not only did he know about it, he was pissed because he doesn't want to have to raise salaries. Said it would be bad for associates in the long run.

This is a 100% true story. Seriously.

Regardless of what this big law partner knows or expects about future big law salaries, I think it's hilarious that he mentioned a specific salary number 10 separate times. I mean, how many different ways can it come up?

"Now, when you're writing that first draft of the motion to strike—and, remember, as I've said several times today already, you will be getting paid $190K per year for this during your first year *wink*—you want to make sure that every citation is correct even though it's only a rough draft."