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

[jbagelboy]

It won't go down from last year, M&A has been too busy this year. I'd bet on a Cravath announcement next Friday raising bonuses from last year marginally followed by an awkward two weeks where everyone waits for DPW to avoid last year's shit show. DPW then matches and that's the end of it.

Cravath isn't likely to be the first to raise. They'll just match whoever else comes out with the highest bonus.
Prolly S&C if it's happening, or DPW if one of its peers posts up last year's rate

Idk it kind of depends on how irritated Cravath was that they got upended as market setter last year. I think you could cogently argue either that they don't care because they are Cravath or they were super pissed off because they are Cravath.

Anyone know if #20 White & Case will match if the V10 firms go to 190k? I'm guessing 50-75% likelihood but hopefully it's higher.

I'd be really surprised if they didn't match at least in NY but I'm just basing that off of how quick they usually are to match market bonuses.

weren't they also beaten to the punch by simpson and skadden in the last two pay increases? the only time in the past decade when Cravath really "led" was in decreasing bonuses substantially in 2008-09, which then everyone else followed.

[Monochromatic Oeuvre]

Bonuses are staying the same (if we're lucky).

Meanwhile, NYC rent up 9% over the past year.

If anyone needs me, I'll be in a vat of acid.

[fats provolone]

It is widely known and partners are expressing their frustration at the lack of 4-7th years.

lololololol

quoted because still fucking dying over here

[bearsfan23]

Bonuses are staying the same (if we're lucky).

Meanwhile, NYC rent up 9% over the past year.

If anyone needs me, I'll be in a vat of acid.

You're going to be so pissed when bonuses go up this year, and I'm going to love it.

I have no idea why you don't just drop out now, it's not too late dude

[Old Gregg]

If anyone doesn't believe there isn't a shortage of midlevels they are delusional. The hirin market is great for midlevels. I'm in house and I have a standing offer to go back to my old firm, and welcome mats at many other firms in the city (and I was a slightly above average associate, though good business generator when I was in big law). Inhouse back to big law is not a easy to do typically, not easy at all. Easy today.

[smaug]

If anyone doesn't believe there isn't a shortage of midlevels they are delusional. The hirin market is great for midlevels. I'm in house and I have a standing offer to go back to my old firm, and welcome mats at many other firms in the city (and I was a slightly above average associate, though good business generator when I was in big law). Inhouse back to big law is not a easy to do typically, not easy at all. Easy today.

I actually know someone who did firm -> counseling -> better firm (practice area he wanted, &c.) recently so I believe this

[fats provolone]

If anyone doesn't believe there isn't a shortage of midlevels they are delusional. The hirin market is great for midlevels. I'm in house and I have a standing offer to go back to my old firm, and welcome mats at many other firms in the city (and I was a slightly above average associate, though good business generator when I was in big law). Inhouse back to big law is not a easy to do typically, not easy at all. Easy today.

oh I'm not denying that there is a midlevel shortage

I'm laughing at the partners complaining about the lack of midlevels

[Anonymous User]

What's good with Cahill? Are they still market leaders for $?

[Anonymous User]

Real talk... in class with biglaw partner. Compensation to 190 comes up...

"Has anyone announced yet"?

Yet.

DC to 190k confirmed.

[Anonymous User]

Real talk... in class with biglaw partner. Compensation to 190 comes up...

"Has anyone announced yet"?

Yet.

DC to 190k confirmed.

Good, North VA to 190k confirmed by association

[Big Shrimpin]

daily reminder:

this is not going to happen

[umichman]

daily reminder:

this is not going to happen

u r the Toby of this board. Just go away. your posts are useless. NY to 190

[Old Gregg]

i feel like most biglaw partners will admit it's happening, but dont want to be the ones whose firm kicks everything off. so they're kind of looking at the other firms to start it.

[barkschool]

i feel like most biglaw partners will admit it's happening, but dont want to be the ones whose firm kicks everything off. so they're kind of looking at the other firms to start it.

First years receiving announcements of their pay late this year

[anonnymouse]

daily reminder:

this is not going to happen

u r the Toby of this board. Just go away. your posts are useless. NY to 190

Nah smaug is the Toby. If we're keeping it in the office, scrimps is the Stanley.

[Big Shrimpin]

daily reminder:

this is not going to happen

u r the Toby of this board. Just go away. your posts are useless. NY to 190

Nah smaug is the Toby. If we're keeping it in the office, scrimps is the Stanley.

im inclined to concur with this analysis

for bonuses, im thinking at least same as last year

[smaug]

does this mean I get to move to Costa Rica for a while

#winning

you all can join me too after we all get fired by a swarm of tiny partners

[Anonymous User]

Anon from above:

Biglaw prof also said if one of the big NY firms, most of the other NY and DC firms HAVE to move to match. This probably extends to other "primary markets" as well.

[smaug]

Anon from above:

Biglaw prof also said if one of the big NY firms, most of the other NY and DC firms HAVE to move to match. This probably extends to other "primary markets" as well.

Thank you for this shattering development

[El Pollito]

shartered

[Traynor Brah]

shart-inducing development

[Mr. Peanutbutter]

If anyone doesn't believe there isn't a shortage of midlevels they are delusional. The hirin market is great for midlevels. I'm in house and I have a standing offer to go back to my old firm, and welcome mats at many other firms in the city (and I was a slightly above average associate, though good business generator when I was in big law). Inhouse back to big law is not a easy to do typically, not easy at all. Easy today.

oh I'm not denying that there is a midlevel shortage

I'm laughing at the partners complaining about the lack of midlevels

the only people who complain about the lack of midlevels are midlevels

[Desert Fox]

[rpupkin]

If anyone doesn't believe there isn't a shortage of midlevels they are delusional. The hirin market is great for midlevels. I'm in house and I have a standing offer to go back to my old firm, and welcome mats at many other firms in the city (and I was a slightly above average associate, though good business generator when I was in big law). Inhouse back to big law is not a easy to do typically, not easy at all. Easy today.

oh I'm not denying that there is a midlevel shortage

I'm laughing at the partners complaining about the lack of midlevels

the only people who complain about the lack of midlevels are midlevels

That's not true. You can bill out midlevels at a reasonably high rate and you don't have to write off a bunch of their time. Why do you think Quinn is doing away with its summer associate program? They basically want to skip the junior-associate step and go straight to midlevel laterals.

[Big Shrimpin]

sup