NYC to 200k Forum

[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.

A/S/L?

You want uggs and Ipad bby?

[dabigchina]

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.

+1. 60k per year in tuition alone is bullshit.

[estefanchanning]

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.

lol it's more realistic for firms to raise to 300k than law schools lower their tuition.

[Anonymous User]

To the escorts, what was your pricing like?

[Anonymous User]

300-600 an hour depending on market (I toured some) and time of year/if there was a big event going on. I also negotiated flat rates for vacations/overnights. For example I went to Europe for two weeks with a client and negotiated a 12k rate.

[Anonymous User]

all this escort stuff is pure troll

[Anonymous User]

300-600 an hour depending on market (I toured some) and time of year/if there was a big event going on. I also negotiated flat rates for vacations/overnights. For example I went to Europe for two weeks with a client and negotiated a 12k rate.

Wait why did it depend on the market

[Anonymous User]

Because you can charge more in the Bay Area than you can in Atlanta

[Anonymous User]

because there's bodegas in NYC obviously.

[Anonymous User]

While the rest of AmLaw 100 is eagerly awaiting Cravath to match or go to 200, something tells me the folks at ATL have their fingers crossed that either:

(a) The Cravath partners take a full month to ponder of this decision, thereby giving ATL the only relevant/newsworthy content all year.

(b) The economy collapses so their editors can follow up with "I told you so" articles regarding Junior Associate pay.

[Anonymous User]

300-600 an hour depending on market (I toured some) and time of year/if there was a big event going on. I also negotiated flat rates for vacations/overnights. For example I went to Europe for two weeks with a client and negotiated a 12k rate.

Oh wow that's higher than I was thinking. *closes seekingarrangement tab*

[Anonymous User]

300-600 an hour depending on market (I toured some) and time of year/if there was a big event going on. I also negotiated flat rates for vacations/overnights. For example I went to Europe for two weeks with a client and negotiated a 12k rate.

Oh wow that's higher than I was thinking. *closescreates seekingarrangement tabprofile*

[Anonymous User]

dude no cravath partner will let you know he a cravath partner while paying 190. Also 300-600 depends on the market sounds fair, 600 nyc hour while smaller cities in the range of 300-500.

[OneTwoThreeFour]

Why are we discussing hookers.

(Admittedly, of all our tangents, this is the most entertaining.)

NY to 200.

[malibustacy]

Fucking LOL at all these wide eyed sheltered suburban kids finding out for the first time about how the escort industry works.

[Anonymous User]

Fucking LOL at all these wide eyed sheltered suburban kids finding out for the first time about how the escort industry works.

TIL narrow eyed city kids are intimately familiar with the escort industry

[Anonymous User]

Fucking LOL at all these wide eyed sheltered suburban kids finding out for the first time about how the escort industry works.

Embarrassing post

[Anonymous User]

rest up today biglaw. tomorrow is the day we go to 210k and we pop bottles on a Monday afternoon.

[Anonymous User]

[removed for double post]

[Anonymous User]

Last night, I hung out with a fairly new partner at a V30 firm. He said his firm hadn't called any special partner meeting to discuss raises, and there hadn't been any partnership-wide emails about them. He said partners had been discussing the raises informally and that his firm will almost certainly match soon. He said matching 190 and the rest of the new scale will be no big deal given the firm's ever-increasing revenue. He also said he knew the raises were effectively just cost of living adjustments.

I told him about the speculation that Cravath, Kirkland, or a top firm like that will top the Milbank raises and go to 200 or 210. He was skeptical that a firm would top Milbank, and he said his firm probably wouldn't match the bigger raise if some firms stayed at the new Milbank scale and only some topped it. He also said 195 was a wall firms likely would not cross now for first years, even if they go over the Milbank scale for mid levels and senior associates.

In that vein, he said his firm, like many others, had plenty of work to go around and is well staffed with promising junior associates. However, he said they are very understaffed when it comes to mid-level and senior associates. He said they didn't hire enough of them
5-8 years ago for the amount of work the firm has now, and too many have been lateralling to smaller firms or taking jobs in government or in house. He said raises above the Milbank scale for fourth through eighth years seemed more plausible than raises to 200 or 210 for first years.

[Anonymous User]

Last night, I hung out with a fairly new partner at a V30 firm. He said his firm hadn't called any special partner meeting to discuss raises, and there hadn't been any partnership-wide emails about them. He said partners had been discussing the raises informally and that his firm will almost certainly match soon. He said matching 190 and the rest of the new scale will be no big deal given the firm's ever-increasing revenue. He also said he knew the raises were effectively just cost of living adjustments.

I told him about the speculation that Cravath, Kirkland, or a top firm like that will top the Milbank raises and go to 200 or 210. He was skeptical that a firm would top Milbank, and he said his firm probably wouldn't match the bigger raise if some firms stayed at the new Milbank scale and only some topped it. He also said 195 was a wall firms likely would not cross now for first years, even if they go over the Milbank scale for mid levels and senior associates.

In that vein, he said his firm, like many others, had plenty of work to go around and is well staffed with promising junior associates. However, he said they are very understaffed when it comes to mid-level and senior associates. He said they didn't hire enough of them
5-8 years ago for the amount of work the firm has now, and too many have been lateralling to smaller firms or taking jobs in government or in house. He said raises above the Milbank scale for fourth through eighth years seemed more plausible than raises to 200 or 210 for first years.

Thanks for sharing. Did he mention the special bonus STB is paying?

[Anonymous User]

In that vein, he said his firm, like many others, had plenty of work to go around and is well staffed with promising junior associates. However, he said they are very understaffed when it comes to mid-level and senior associates. He said they didn't hire enough of them
5-8 years ago for the amount of work the firm has now, and too many have been lateralling to smaller firms or taking jobs in government or in house. He said raises above the Milbank scale for fourth through eighth years seemed more plausible than raises to 200 or 210 for first years.

I completely agree with this. Midlevels and up should be paid more to slow down attrition.

[Anonymous User]

I was reading the blog from earlier and there is a serious diversity issue with raises. This post has solid ABA data demonstrating how summer associate classes start diverse, but minorities are weeded out and so the partners are all white. http://brian-boyle-omelveny-torture-att ... k-for.html

Minority associates are disproportionately not going to make partner at a biglaw firm, which makes these raises that much more important to them.

[Hutz_and_Goodman]

Considering that several firms have been secretly cutting junior/mid-level attorneys instead, I'd say no.

Has that been happening again recently? Or are you referencing the firms that did this after the last pay jump?

Which firms have been doing this?

Also curious. My firm (NYC V30) has not only been retaining mid levels but is actively taking steps to retain them.

[Anonymous User]

I was reading the blog from earlier and there is a serious diversity issue with raises. This post has solid ABA data demonstrating how summer associate classes start diverse, but minorities are weeded out and so the partners are all white. http://brian-boyle-omelveny-torture-att ... k-for.html

Minority associates are disproportionately not going to make partner at a biglaw firm, which makes these raises that much more important to them.

I don't follow this. I read that article and it says nothing about raises. Is your argument that, because they won't make partner, an extra 10-15k a year is supposed to make up for that or something?