NYC to 200k Forum

[yomisterd]

Revenue is up, PPP is up, hours are stagnant or up, class year billable rates are up, other costs are stagnant. We deserve more money. We aren't entitled, this is expected.

That’s not how capitalism works in the real world.

Wages do not match productivity because the bosses must take their inordinate share. The only option is to unionize.

You have nothing to lose but your attendance takers. Associates of the world unite

[Cobretti]

Revenue is up, PPP is up, hours are stagnant or up, class year billable rates are up, other costs are stagnant. We deserve more money. We aren't entitled, this is expected.

That’s not how capitalism works in the real world.

Wages do not match productivity because the bosses must take their inordinate share. The only option is to unionize.

You have nothing to lose but your attendance takers. Associates of the world unite

you're joking, but.....

[Anonymous User]

The Marxist Revolution being lead by a bunch of $200190K salaried basic bitches is a plot twist nobody saw coming...

[Anonymous User]

Revenue is up, PPP is up, hours are stagnant or up, class year billable rates are up, other costs are stagnant. We deserve more money. We aren't entitled, this is expected.

That’s not how capitalism works in the real world.

You used this comment too early

[Hutz_and_Goodman]

Cravath went to 180 on a Monday in 2016 after their partner lunch. The most likely outcome IMO is Cravath announces a 190 match of Milbank on Monday afternoon and a flood of firms match within the next couple days. All the big players will be there by this time next week.

Hope I'm wrong and somebody goes to 200...

It’s called the Cravath scale. Seems very weak if Cravath is following Milbank, which is not in the same league. Hard to imagine how Cravath doesn’t go to 200k or 210k.

[Anonymous User]

Unionizing = more pointless emails, more pointless meetings, and more annoying demands on our time PLUS guaranteeing that that one junior who manages to only bill 1200 hours a year now gets the same bonus as you and has guaranteed job protection. Meanwhile, you will continue to get roped in for emergency coverage every Friday at 6 p.m. when that same junior stops responding to emails.

But if it means 200k, then it seems worth it.

[Anonymous User]

Cravath went to 180 on a Monday in 2016 after their partner lunch. The most likely outcome IMO is Cravath announces a 190 match of Milbank on Monday afternoon and a flood of firms match within the next couple days. All the big players will be there by this time next week.

Hope I'm wrong and somebody goes to 200...

It’s called the Cravath scale. Seems very weak if Cravath is following Milbank, which is not in the same league. Hard to imagine how Cravath doesn’t go to 200k or 210k.

Yea all the recruiters will have to update their Mass emails to say Milbank scale

[Anonymous User]

Unionizing = more pointless emails, more pointless meetings, and more annoying demands on our time PLUS guaranteeing that that one junior who manages to only bill 1200 hours a year now gets the same bonus as you and has guaranteed job protection. Meanwhile, you will continue to get roped in for emergency coverage every Friday at 6 p.m. when that same junior stops responding to emails.

But if it means 200k, then it seems worth it.

I really hope yall are joking

[Anonymous User]

Unionizing = more pointless emails, more pointless meetings, and more annoying demands on our time PLUS guaranteeing that that one junior who manages to only bill 1200 hours a year now gets the same bonus as you and has guaranteed job protection. Meanwhile, you will continue to get roped in for emergency coverage every Friday at 6 p.m. when that same junior stops responding to emails.

But if it means 200k, then it seems worth it.

There is not a single thing I have ever done as a 6th year biglaw associate that is a true "emergency."

[Npret]

Did anyone else read that article and get the sense some of those in-house lawyers are just bitter they didn't make partner?

Highly relevant

Then again, if junior associates are not valuable, as in-house counsel says, shouldn’t the value go to senior and mid level associates? In other words, are more senior associates subsidizing the junior associates because the salaries don’t go up that much by year?

The value does go to senior and mid level associates. The increases are much greater for subsequent classes.

Right, but the suggestion is that juniors are overvalued and seniors are undervalued. So why not start juniors at say, $150 and then have it increase by $40K or more per year? Then midlevels get paid more and juniors get paid less.

Clients know junior lawyers know nothing and they resent paying to train them. Even so, decreasing junior pay to below what it was 12 or more years ago makes zero sense.

[Dw686]

Cravath went to 180 on a Monday in 2016 after their partner lunch. The most likely outcome IMO is Cravath announces a 190 match of Milbank on Monday afternoon and a flood of firms match within the next couple days. All the big players will be there by this time next week.

Hope I'm wrong and somebody goes to 200...

It’s called the Cravath scale. Seems very weak if Cravath is following Milbank, which is not in the same league. Hard to imagine how Cravath doesn’t go to 200k or 210k.

Cravath partnership isn’t some gang pissed off that they just got shown up so they roll by Milbank and fire a 200k or 210k salary out just because they feel the disrespect.

They will prob announce 190 and then everyone will quickly match, which will serve to show they still have an outsized say in market. Hopefully I’m wrong. But I’m not seeing Cravath feeling the need to one up everyone so that everyone knows who has the BSDs at the (country) club

[Anonymous User]

Honestly I worked as a high class escort before and during law school and I made more then and had a lot more fun than I do now at my V30. I don’t miss the lying and the double life but there isn’t a day I don’t wish that prostitution was socially acceptable and legal. I would go back in a heart beat if so. Heck, I feel more like a prostitute working dem big law hours than I ever did laughing over champagne and getting off.

[Anonymous User]

Honestly I worked as a high class escort before and during law school and I made more then and had a lot more fun than I do now at my V30. I don’t miss the lying and the double life but there isn’t a day I don’t wish that prostitution was socially acceptable and legal. I would go back in a heart beat if so. Heck, I feel more like a prostitute working dem big law hours than I ever did laughing over champagne and getting off.

149

[Anonymous User]

Honestly I worked as a high class escort before and during law school and I made more then and had a lot more fun than I do now at my V30. I don’t miss the lying and the double life but there isn’t a day I don’t wish that prostitution was socially acceptable and legal. I would go back in a heart beat if so. Heck, I feel more like a prostitute working dem big law hours than I ever did laughing over champagne and getting off.

Roughly how much did you make? Working how regularly?

[Anonymous User]

Honestly I worked as a high class escort before and during law school and I made more then and had a lot more fun than I do now at my V30. I don’t miss the lying and the double life but there isn’t a day I don’t wish that prostitution was socially acceptable and legal. I would go back in a heart beat if so. Heck, I feel more like a prostitute working dem big law hours than I ever did laughing over champagne and getting off.

Different anon here. I too worked as an escort during 2L and likewise feel disgusted at the continued societal stigma oft the profession by the same folks who elevate biglaw into something "prestigious" and "desirable."

Had to quit for personal reasons but looking back still glad I did it. And as much for the life lessons and experiences as paying the bills. Coincidentally, one of my clients is a recognizable Cravath partner. He would shove me a wad of $20s and ask for $10 back.

[Anonymous User]

Honestly I worked as a high class escort before and during law school and I made more then and had a lot more fun than I do now at my V30. I don’t miss the lying and the double life but there isn’t a day I don’t wish that prostitution was socially acceptable and legal. I would go back in a heart beat if so. Heck, I feel more like a prostitute working dem big law hours than I ever did laughing over champagne and getting off.

Different anon here. I too worked as a call girl during 2L and likewise feel disgusted at the continued societal stigma oft the profession by the same folks who elevate biglaw into something "prestigious" and "desirable."

Had to quit for personal reasons but looking back still glad I did it. And as much for the life lessons and experiences as paying the bills. Coincidentally, one of my clients is a recognizable Cravath partner. He would shove me a wad of $20s and ask for $10 back.

Why the $10 back?

I wonder if prostitution would still be as profitable if it were legalized (assuming legalize = huge increase in supply), or will demand keep up?

Also, does "high class escort" have a set meaning, or is it something like "elite litigation boutique"?

[Anonymous User]

I don’t know about the two posters above, but a law school friend of mine did escorting (he was gay) and he made enough that he didn’t return to his SA firm and just traveled the world.

He said a lot of his (gay) friends did escorting on the side.

Not sure if it’s the same for the previous two posters (not sure if they’re women or men).

[Anonymous User]

NOW this thread is fucking cooking. 200k or we start prostituting

[Anonymous User]

Honestly I worked as a high class escort before and during law school and I made more then and had a lot more fun than I do now at my V30. I don’t miss the lying and the double life but there isn’t a day I don’t wish that prostitution was socially acceptable and legal. I would go back in a heart beat if so. Heck, I feel more like a prostitute working dem big law hours than I ever did laughing over champagne and getting off.

Different anon here. I too worked as a call girl during 2L and likewise feel disgusted at the continued societal stigma oft the profession by the same folks who elevate biglaw into something "prestigious" and "desirable."

Had to quit for personal reasons but looking back still glad I did it. And as much for the life lessons and experiences as paying the bills. Coincidentally, one of my clients is a recognizable Cravath partner. He would shove me a wad of $20s and ask for $10 back.

Why the $10 back?

I wonder if prostitution would still be as profitable if it were legalized (assuming legalize = huge increase in supply), or will demand keep up?

Also, does "high class escort" have a set meaning, or is it something like "elite litigation boutique"?

He simply refused to pay more than $190.

Can't say I'm an expert in the industry but there's definitely an entire Quinn Emmanuel vs. Susman type of spectrum ...

[NoLongerALurker]

Honestly I worked as a high class escort before and during law school and I made more then and had a lot more fun than I do now at my V30. I don’t miss the lying and the double life but there isn’t a day I don’t wish that prostitution was socially acceptable and legal. I would go back in a heart beat if so. Heck, I feel more like a prostitute working dem big law hours than I ever did laughing over champagne and getting off.

Different anon here. I too worked as a call girl during 2L and likewise feel disgusted at the continued societal stigma oft the profession by the same folks who elevate biglaw into something "prestigious" and "desirable."

Had to quit for personal reasons but looking back still glad I did it. And as much for the life lessons and experiences as paying the bills. Coincidentally, one of my clients is a recognizable Cravath partner. He would shove me a wad of $20s and ask for $10 back.

Why the $10 back?

I wonder if prostitution would still be as profitable if it were legalized (assuming legalize = huge increase in supply), or will demand keep up?

Also, does "high class escort" have a set meaning, or is it something like "elite litigation boutique"?

He simply refused to pay more than $190.

....

This post belongs in a hall of fame

[Anonymous User]

Honestly I worked as a high class escort before and during law school and I made more then and had a lot more fun than I do now at my V30. I don’t miss the lying and the double life but there isn’t a day I don’t wish that prostitution was socially acceptable and legal. I would go back in a heart beat if so. Heck, I feel more like a prostitute working dem big law hours than I ever did laughing over champagne and getting off.

Different anon here. I too worked as a call girl during 2L and likewise feel disgusted at the continued societal stigma oft the profession by the same folks who elevate biglaw into something "prestigious" and "desirable."

Had to quit for personal reasons but looking back still glad I did it. And as much for the life lessons and experiences as paying the bills. Coincidentally, one of my clients is a recognizable Cravath partner. He would shove me a wad of $20s and ask for $10 back.

Why the $10 back?

I wonder if prostitution would still be as profitable if it were legalized (assuming legalize = huge increase in supply), or will demand keep up?

Also, does "high class escort" have a set meaning, or is it something like "elite litigation boutique"?

First high class anon here. I made about 130k tax free my last two years before law school. I slowed down a lot in law school. Granted, if I had paid taxes on the money big law would be more lucrative, but given I didn’t have to, escorting definitely was more cash. That’s funny about the cheap Cravath partner. My clients were really very nice as a whole, no one ever tried to cheap out on me and I became very good friends with a few who took me around the world on paid vacations with them. I was short on a law school rec and one even wrote me one said i was his executive assistant.

I really enjoyed what I did for a living those two years. I had to get out, in the end, because leading a double life and lying to my family just got to be too much. I also met someone I wanted to date for real.

[Hutz_and_Goodman]

Did anyone else read that article and get the sense some of those in-house lawyers are just bitter they didn't make partner?

Highly relevant

Then again, if junior associates are not valuable, as in-house counsel says, shouldn’t the value go to senior and mid level associates? In other words, are more senior associates subsidizing the junior associates because the salaries don’t go up that much by year?

The value does go to senior and mid level associates. The increases are much greater for subsequent classes.

It would make more sense for law school to cost half the price and salary the first three years in big law be 120k, 170k, 220k.

[Anonymous User]

NOW this thread is fucking cooking. 200k or we start prostituting

[Cobretti]

Honestly I worked as a high class escort before and during law school and I made more then and had a lot more fun than I do now at my V30. I don’t miss the lying and the double life but there isn’t a day I don’t wish that prostitution was socially acceptable and legal. I would go back in a heart beat if so. Heck, I feel more like a prostitute working dem big law hours than I ever did laughing over champagne and getting off.

Different anon here. I too worked as a call girl during 2L and likewise feel disgusted at the continued societal stigma oft the profession by the same folks who elevate biglaw into something "prestigious" and "desirable."

Had to quit for personal reasons but looking back still glad I did it. And as much for the life lessons and experiences as paying the bills. Coincidentally, one of my clients is a recognizable Cravath partner. He would shove me a wad of $20s and ask for $10 back.

Why the $10 back?

I wonder if prostitution would still be as profitable if it were legalized (assuming legalize = huge increase in supply), or will demand keep up?

Also, does "high class escort" have a set meaning, or is it something like "elite litigation boutique"?

He simply refused to pay more than $190.

....

This post belongs in a hall of fame

[Anonymous User]

Cravath went to 180 on a Monday in 2016 after their partner lunch. The most likely outcome IMO is Cravath announces a 190 match of Milbank on Monday afternoon and a flood of firms match within the next couple days. All the big players will be there by this time next week.

Hope I'm wrong and somebody goes to 200...

It’s called the Cravath scale. Seems very weak if Cravath is following Milbank, which is not in the same league. Hard to imagine how Cravath doesn’t go to 200k or 210k.

Just wondering… why is everybody looking at Cravath right now. Sure, they raised salaries in 2016, but in 2007 it was STB who set the new standard ($160k) and before STB it was S&C in 2006. If you look even further back, I am sure more law firms will appear. So why focus on CSM?