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

[Anonymous User]

roses are red

so is lobster

give me my money

before I go mobster

[Anonymous User]

roses are red

so is lobster

give me my money

before I go mobster

Roses are red

Money is green

Davis Polk sucks

Cadwaladar fucks

[Anonymous User]

So what should we do with the Vault survey? Wait for the dust to settle and punish the eventual non-matchers? Punish firms now that haven't matched even if we think they might?

[Anonymous User]

Tomorrow is the day. I can feel it.

1. Pay day so they can make it effective immediately instead of saying "Starting Feb 28..." which sounds pathetic.

2. 6 weeks into the new year, people have left by now that were lateraling. No more back pay to ungrateful servants.

3. Its a Tuesday.

4. if you get to Thursday without matching, its been WEEKS. Looks pathetic.

5. I will retire if they don't raise

[Anonymous User]

4. if you get to Thursday without matching, its been WEEKS. Looks pathetic.

[Anonymous User]

If nothing else comes out of this thread, at least we got Chadwalader

Did that only just become a thing ITT? God it feels like we’ve been here for years…

From what I've seen and remembered:

Craven, Swine and Moore (aka CravaTTTh)
Wacthell
Sadden
Davis Poke
Paul "comma" Weiss
While
Fried Frank
Freshfields
CovingTTTon
Chadwalader

Don't forget about the babies at DLA Diaper.

[Anonymous User]

Rise and shine boys and girls...

[Anonymous User]

Cooley full match

Troll or are the matches really incoming now?

ATL already had an article on the Cooley stealth match. They normally don’t publish bonus amounts until they are paid mid February so they’ll probably announce the match to Milbank at that time. (i.e., Monday)

Yeah I just noticed on pg 1 of this thread that the Cooley match is dated to 2/7. Had no idea.

Confirming this is true with a true up from January 1. I think this is Cooley's way of saying we will match w/e market salary is, but we don't want to make a public match announcement and then get one-upped by DPW.

[Anonymous User]

Sure feels like the stare down is the market's way of communicating (without actually communicating illegally) that the big firms all want to match, but they don't want to match and then get cucked by someone raising after they match.

If somebody really wanted to raise, they would have done so by now. You get more praise by raising than by matching.

I think some time soon, the V10 dam will crack with a match and then there will be a trickle (followed soon after by a flood) of matches.

[Anonymous User]

Sure feels like the stare down is the market's way of communicating (without actually communicating illegally) that the big firms all want to match, but they don't want to match and then get cucked by someone raising after they match.

If somebody really wanted to raise, they would have done so by now. You get more praise by raising than by matching.

I think some time soon, the V10 dam will crack with a match and then there will be a trickle (followed soon after by a flood) of matches.

Sounds reasonable to me. But apparently if you think that your an elitist who carry’s too much faith in the big oppressive top law firms

[Anonymous User]

Sure feels like the stare down is the market's way of communicating (without actually communicating illegally) that the big firms all want to match, but they don't want to match and then get cucked by someone raising after they match.

If somebody really wanted to raise, they would have done so by now. You get more praise by raising than by matching.

I think some time soon, the V10 dam will crack with a match and then there will be a trickle (followed soon after by a flood) of matches.

Sounds reasonable to me. But apparently if you think that your an elitist who carry’s too much faith in the big oppressive top law firms

I don't think the argument is that you're elitist for recognizing that the partners you work for are greedy and will likely act in a self-interested way. It is elitist to praise them for doing that, though.

[Anonymous User]

Sure feels like the stare down is the market's way of communicating (without actually communicating illegally) that the big firms all want to match, but they don't want to match and then get cucked by someone raising after they match.

If somebody really wanted to raise, they would have done so by now. You get more praise by raising than by matching.

I think some time soon, the V10 dam will crack with a match and then there will be a trickle (followed soon after by a flood) of matches.

Sounds reasonable to me. But apparently if you think that your an elitist who carry’s too much faith in the big oppressive top law firms

I don't think the argument is that you're elitist for recognizing that the partners you work for are greedy and will likely act in a self-interested way. It is elitist to praise them for doing that, though.

Who has praised partners for doing that? Multiple comments throughout this thread have criticized those in the V10 for assuming they will get a raise by virtue of the fact that it’s a V10. I said elitist in reference to assuming a V10 will match not “recognizing that partners you work for are greedy”. Your comment is the definition of a strawman.

[TigerIsBack]

Sure feels like the stare down is the market's way of communicating (without actually communicating illegally) that the big firms all want to match, but they don't want to match and then get cucked by someone raising after they match.

If somebody really wanted to raise, they would have done so by now. You get more praise by raising than by matching.

I think some time soon, the V10 dam will crack with a match and then there will be a trickle (followed soon after by a flood) of matches.

Sounds reasonable to me. But apparently if you think that your an elitist who carry’s too much faith in the big oppressive top law firms

I don't think the argument is that you're elitist for recognizing that the partners you work for are greedy and will likely act in a self-interested way. It is elitist to praise them for doing that, though.

Who has praised partners for doing that? Multiple comments throughout this thread have criticized those in the V10 for assuming they will get a raise by virtue of the fact that it’s a V10. I said elitist in reference to assuming a V10 will match not “recognizing that partners you work for are greedy”. Your comment is the definition of a strawman.

Yes, but most of those comments you're referring to take it a step further and say that it's not a guarantee that the firms that have already matched would match a re-raise if one happens. Which comes off as someone trying to cling to their prestige since we pretty much know the firms that matched with match again if there's a new scale or spring bonuses announced.

Those matching firms have done what they've always done: match the scale set by Milbank. Therefore, it's likely they would continue to do so. The firms that are out in uncharted territory are in fact the v10s that have yet to match, despite how obvious it may seem that a match was coming. A month ago we would have said it was obvious that a match or raise was imminent and would arrive within 2 weeks. But here we are... Every day that goes by it becomes less obvious what is coming down the pike from the v10 (though I agree I'm still certain matches will come, but ask me in another month if we're still sitting here and I won't be).

[Anonymous User]

DPW update: email congrats to Neil this morning for being re-elected.

Possibly he was waiting for his re-election b4 making a match/raise move?

[Anonymous User]

Sure feels like the stare down is the market's way of communicating (without actually communicating illegally) that the big firms all want to match, but they don't want to match and then get cucked by someone raising after they match.

If somebody really wanted to raise, they would have done so by now. You get more praise by raising than by matching.

I think some time soon, the V10 dam will crack with a match and then there will be a trickle (followed soon after by a flood) of matches.

Sounds reasonable to me. But apparently if you think that your an elitist who carry’s too much faith in the big oppressive top law firms

I don't think the argument is that you're elitist for recognizing that the partners you work for are greedy and will likely act in a self-interested way. It is elitist to praise them for doing that, though.

Who has praised partners for doing that? Multiple comments throughout this thread have criticized those in the V10 for assuming they will get a raise by virtue of the fact that it’s a V10. I said elitist in reference to assuming a V10 will match not “recognizing that partners you work for are greedy”. Your comment is the definition of a strawman.

Yes, but most of those comments you're referring to take it a step further and say that it's not a guarantee that the firms that have already matched would match a re-raise if one happens. Which comes off as someone trying to cling to their prestige since we pretty much know the firms that matched with match again if there's a new scale or spring bonuses announced.

Those matching firms have done what they've always done: match the scale set by Milbank. Therefore, it's likely they would continue to do so. The firms that are out in uncharted territory are in fact the v10s that have yet to match, despite how obvious it may seem that a match was coming. A month ago we would have said it was obvious that a match or raise was imminent and would arrive within 2 weeks. But here we are... Every day that goes by it becomes less obvious what is coming down the pike from the v10 (though I agree I'm still certain matches will come, but ask me in another month if we're still sitting here and I won't be).

Also, just scroll back through the (admittedly voluminous) thread and you will definitely find examples of people saying that associates are whining too much for firms not matching/raising. Not saying it was the predominant view, but you definitely had people taking that side of things.

[Anonymous User]

I don’t think the subsequent arguments really address the strawman response but I really don’t want to get into this. We are all already exhausted waiting it’s only going to make it worse if we argue with each other. I take full responsibility for the provocative response that led to this. My annoyance should be directed to the people who have control over matching not the people in this thread who are rightfully feeling frustrated waiting. My apologies.

[Anonymous User]

DPW update: email congrats to Neil this morning for being re-elected.

Possibly he was waiting for his re-election b4 making a match/raise move?

Hey, this is plausible!

[Anonymous User]

The longer this goes on the bigger my true-up payment is going to be, which will be fun. If they don't figure this out til April it'll be a nice little bonus.

[Anonymous User]

The longer this goes on the bigger my true-up payment is going to be, which will be fun. If they don't figure this out til April it'll be a nice little bonus.

Isn’t it at most about $5K pre-tax?

[Ultramar vistas]

The longer this goes on the bigger my true-up payment is going to be, which will be fun. If they don't figure this out til April it'll be a nice little bonus.

Isn’t it at most about $5K pre-tax?

I may be a jaded mid level but I still get excited about the thought of an additional few grand.

[Anonymous User]

DPW update: email congrats to Neil this morning for being re-elected.

Possibly he was waiting for his re-election b4 making a match/raise move?

Hey, this is plausible!

Or what if the election was a contest between a match faction and a no-match faction, and Neil was the leader of the no-matchers? Makes you think.

[ElCuervo]

DPW update: email congrats to Neil this morning for being re-elected.

Possibly he was waiting for his re-election b4 making a match/raise move?

Hey, this is plausible!

Or what if the election was a contest between a match faction and a no-match faction, and Neil was the leader of the no-matchers? Makes you think.

Ah yes, the old, "After my election, I have much more flexibility."

[Anonymous User]

WHAT THE FUCK IS GOING ON

[Anonymous User]

WHAT THE FUCK IS GOING ON

lots and lots of cope

[Anonymous User]

DPW update: email congrats to Neil this morning for being re-elected.

Possibly he was waiting for his re-election b4 making a match/raise move?

Hey, this is plausible!

Or what if the election was a contest between a match faction and a no-match faction, and Neil was the leader of the no-matchers? Makes you think want to drop a plugged-in toaster into your bathtub.

FTFY (sorry to get dark here but these are dark times)