Milbank/Davis Polk/Cravath Scale: NYC to 215-415k Forum

[Anonymous User]

Where's my money?

https://m.youtube.com/watch?v=isS5K9nOhd8

This just made my day

[NoLongerALurker]

A lot of references in here requesting DPW associates to "ask what is going on." Is this a serious request, or are people joking? I'm curious as to what type of relationship these posters have with the partners where they would feel it is appropriate to just willy-nilly discuss compensation with them (absent, perhaps in the context of an annual performance review)?

I'm a senior associate that has worked at a v5 and now at another v50 and have had good relationships with the partners that I worked with at both firms, but would never feel comfortable bringing this up in either context. Maybe this is firm-culture dependent?

The only scenario where I could see this where there is a junior partner who the associate worked with when now-partner was an associate. However, under these facts, I assume the junior partner is not even going to have the insight on firm comp decisions so why bother bringing it up.

It's definitely the case that all the partners I feel comfortable asking these kinds of questions to were, in fact, associates when I was a junior. So post checks out for me, anyway.

[Anonymous User]

On a related topic: What is a Choate? Apparently they went above Milbank? https://abovethelaw.com/2022/01/biglaw- ... cker-2022/

is this now the Choate scale that everyone has to match? Choate to V10!?

[Anonymous User]

So umm, DPW summer associate here. It seems that our weekly salary is pro-rated to $202,500... Unsure what to make of that.

[almostperfectt]

On a related topic: What is a Choate? Apparently they went above Milbank? https://abovethelaw.com/2022/01/biglaw- ... cker-2022/

is this now the Choate scale that everyone has to match? Choate to V10!?

Same as millbank scale.

[Anonymous User]

On a related topic: What is a Choate? Apparently they went above Milbank? https://abovethelaw.com/2022/01/biglaw- ... cker-2022/

is this now the Choate scale that everyone has to match? Choate to V10!?

They list out another 10k for class of 2013 instead of leaving it vague beoyonf '14 (bc that's counsel / partner territory in most firms).

[Anonymous User]

So umm, DPW summer associate here. It seems that our weekly salary is pro-rated to $202,500... Unsure what to make of that.

DPW to 200k

[Anonymous User]

So umm, DPW summer associate here. It seems that our weekly salary is pro-rated to $202,500... Unsure what to make of that.

Doesn't mean anything, whenever they get their act together they will raise the summer rate as well. They're not gonna announce a higher summer scale before making a broader announcement on pay to associates.

ETA - tho I am surprised that they stuck by their weird little 202 fiddy when my v50 went to 205 clean

[Anonymous User]

At S&C rn no one cares about this because we love the work. Most of my associate class is good going back to 190K actually so don't see incentive for partners to match

[Anonymous User]

Please find attached the biggest dipshit of the week:

https://www.law.com/international-editi ... e-pay-war/

If anyone knows this chump please let him know how embarrassing this article is. He really seems convinced he can gloss over record breaking profit growth by repeating "the economics don't support it" over and over again.

He also brings us the shocking revelation that clients don't like it when rates go up. Really hard hitting stuff here.

He's abroad, who cares about what he says.

No one would care regardless of his location, but he deserves bullying anyways.

lol yeah fuck off Paul, you goober.

[clone22]

At S&C rn no one cares about this because we love the work. Most of my associate class is good going back to 190K actually so don't see incentive for partners to match

S&C to 160! Ya'll heard it here first folks!

[Anonymous User]

So umm, DPW summer associate here. It seems that our weekly salary is pro-rated to $202,500... Unsure what to make of that.

That is the DPW scale. 202,500 for stubs and 205,000 for first years. Some firms went with 205 for stubs, which is above DPW scale.

[Anonymous User]

At S&C rn no one cares about this because we love the work. Most of my associate class is good going back to 190K actually so don't see incentive for partners to match

S&C to require associates to pay them for the privilege and preftige, you heard it here first

[Anonymous User]

At S&C rn no one cares about this because we love the work. Most of my associate class is good going back to 190K actually so don't see incentive for partners to match

S&C to require associates to pay them for the privilege and preftige, you heard it here first

It's only fair

[Anonymous User]

So umm, DPW summer associate here. It seems that our weekly salary is pro-rated to $202,500... Unsure what to make of that.

That is the DPW scale. 202,500 for stubs and 205,000 for first years. Some firms went with 205 for stubs, which is above DPW scale.

So, as of now, there are summers who will make the Milbank scale. Then, there are summers who stand to make less than the Milbank scale. Then, there are DPW summers, who stands to make less than even some firms that have not yet matched the Milbank scale.

[Anonymous User]

So umm, DPW summer associate here. It seems that our weekly salary is pro-rated to $202,500... Unsure what to make of that.

That is the DPW scale. 202,500 for stubs and 205,000 for first years. Some firms went with 205 for stubs, which is above DPW scale.

So, as of now, there are summers who will make the Milbank scale. Then, there are summers who stand to make less than the Milbank scale. Then, there are DPW summers, who stands to make less than even some firms that have not yet matched the Milbank scale.

Does seem penny pinching to pro-rate stubs and summers (who get, what, $625 less over three months?) given that summers cost the firm way more (pre-pandemic especially) in attorney-time and events etc., but at the same time lol at the amount summers get paid for their "work"

[Anonymous User]

Where's my fucking raise you rat bastards

[Anonymous User]

New conspiracy theory: Neil got a heads up on the Russian invasion and is waiting to see if the economy crashes

[Anonymous User]

Where's my fucking raise you rat bastards

[Anonymous User]

Arnold & Porter is, at least for now and at least for me, not matching. The firm just sent individualized links for 2022 compensation. Mine is the prior salary.

I don’t think this precludes the firm from matching in the future, but once again, the complete lack of transparency is beyond frustrating.

[Anonymous User]

The firms are waiting for more certainty about interest rate rises and the market/client response.

An extra-large rate rise could both reduce inflation and slow billable work over the next year. If so, then it would be better to match Milbank.

However, if the market prices in the rate rise and there are no client expectations of slower work then the firms will top Milbank.

[Anonymous User]

Arnold & Porter is, at least for now and at least for me, not matching. The firm just sent individualized links for 2022 compensation. Mine is the prior salary.

I don’t think this precludes the firm from matching in the future, but once again, the complete lack of transparency is beyond frustrating.

Also A&P associate, and mine is the prior salary too. WilmerHale and Baker McKenzie must feel really stupid right now for raising. I'm sure A&P will raise if others do, but why would they raise when firms with $3-4M PPP aren't moving?

[Anonymous User]

Arnold & Porter is, at least for now and at least for me, not matching. The firm just sent individualized links for 2022 compensation. Mine is the prior salary.

I don’t think this precludes the firm from matching in the future, but once again, the complete lack of transparency is beyond frustrating.

Also A&P associate, and mine is the prior salary too. WilmerHale and Baker McKenzie must feel really stupid right now for raising. I'm sure A&P will raise if others do, but why would they raise when firms with $3-4M PPP aren't moving?

Yeah, it’s a weird position to be in… I think it’s incredibly annoying how the firm has changed this click your individualized link to see your salary system. If they think tricks like that will stop ATL leaks, then just lol…

[Anonymous User]

I don’t think this precludes the firm from matching in the future, but once again, the complete lack of transparency is beyond frustrating.

This definitely shows the advantages of Morgan Lewis’ approach.

[riptide123]

Cooley full match