NYC to 200k Forum

[Anonymous User]

https://biglawbusiness.com/raising-asso ... -to-sleep/

Greenberg TTTTraurig

I guess this means no salary increase for every Greenberg Traurig associate

[Anonymous User]

https://biglawbusiness.com/raising-asso ... -to-sleep/

Greenberg TTTTraurig

I guess this means no salary increase for every Greenberg Traurig associate

The only part of this article that matters: "t will hit partners in the pocket."

[Anonymous User]

Translation: "We can afford larger partner distributions, but not COL adjustments."

Doubtful any Taurig associates see salary increases.

[Anonymous User]

https://biglawbusiness.com/raising-asso ... -to-sleep/

Greenberg TTTTraurig

I guess this means no salary increase for everyANY Greenberg Traurig associate

ftfy

[Anonymous User]

https://biglawbusiness.com/raising-asso ... -to-sleep/

Greenberg TTTTraurig

That must be a brutal read for Greenberg associates.

[Anonymous User]

https://biglawbusiness.com/raising-asso ... -to-sleep/

Greenberg TTTTraurig

That must be a brutal read for Greenberg associates.

GT only paid 180 in its major markets anyway.’it paid some associates in FL 110 or something. It’s always been TTTT

[Anonymous User]

https://biglawbusiness.com/raising-asso ... -to-sleep/

Greenberg TTTTraurig

I mean this is the firm that had Rudy Giuliani working/with them (whatever the arrangement actually was). How much more TTTT could they have already gotten at this point? Dude is a lose cannon.

[Anonymous User]

IT'S STARTING!

https://abovethelaw.com/2018/06/selendy ... -response/

[Anonymous User]

Selendy no bonus goddamit

[Anonymous User]

https://biglawbusiness.com/raising-asso ... -to-sleep/

Greenberg TTTTraurig

That must be a brutal read for Greenberg associates.

I wonder how much time he worries about explaining ever growing PPP to clients

[Anonymous User]

https://biglawbusiness.com/raising-asso ... -to-sleep/

Greenberg TTTTraurig

That must be a brutal read for Greenberg associates.

I wonder how much time he worries about explaining ever growing PPP to clients

So he says “This is a time when the best and the brightest should get paid fairly based on all factors.” Does that mean his own associates are not the best and the brightest? Ouch.

[Anonymous User]

I was just told by my German colleague that "traurig" means "sad", "blue" or "sorrowful" in German
Here is the proof: https://www.linguee.com/english-german/ ... ry=traurig

LOL

https://biglawbusiness.com/raising-asso ... -to-sleep/

Greenberg TTTTraurig

I guess this means no salary increase for everyANY Greenberg Traurig associate

ftfy

[nealric]

It would take some deft communication, something like: “we believe the increase would be poorly received by clients; we don’t want to have the kinds of hours targets that support these salaries; we’re following the advice we’d give to clients of not adding to fixed costs at this point in the economic cycle; instead, we are committed to increasing appreciably our annual bonuses (assuming activity continues strong through year end)”. It would also take restraint by peer firms from seizing the opportunity for shallow, ultimately self-harming, one-upmanship."

Had to laugh at this one. Associates are smart enough to see through any BS the firm wants to use to justify not raising salaries. Just be honest: We aren't Cravath, our PPP isn't $4M+, and we aren't willing to share the same associate cost structure. If you want the Cravath salary scale, go apply to work for them.

[Anonymous User]

It would take some deft communication, something like: “we believe the increase would be poorly received by clients; we don’t want to have the kinds of hours targets that support these salaries; we’re following the advice we’d give to clients of not adding to fixed costs at this point in the economic cycle; instead, we are committed to increasing appreciably our annual bonuses (assuming activity continues strong through year end)”. It would also take restraint by peer firms from seizing the opportunity for shallow, ultimately self-harming, one-upmanship."

Had to laugh at this one. Associates are smart enough to see through any BS the firm wants to use to justify not raising salaries. Just be honest: We aren't Cravath, our PPP isn't $4M+, and we aren't willing to share the same associate cost structure. If you want the Cravath salary scale, go apply to work for them.

I think you meant the MilBANK scale. LOL @ CravaTTTh.

[Anonymous User]

It would take some deft communication, something like: “we believe the increase would be poorly received by clients; we don’t want to have the kinds of hours targets that support these salaries; we’re following the advice we’d give to clients of not adding to fixed costs at this point in the economic cycle; instead, we are committed to increasing appreciably our annual bonuses (assuming activity continues strong through year end)”. It would also take restraint by peer firms from seizing the opportunity for shallow, ultimately self-harming, one-upmanship."

Had to laugh at this one. Associates are smart enough to see through any BS the firm wants to use to justify not raising salaries. Just be honest: We aren't Cravath, our PPP isn't $4M+, and we aren't willing to share the same associate cost structure. If you want the Cravath salary scale, go apply to work for them.

...except that Cravath (1) hasn't matched and (2) doesn't take laterals.

[OneTwoThreeFour]

IT'S STARTING!

https://abovethelaw.com/2018/06/selendy ... -response/

Quinn match has to be incoming? Maybe with a bonus if they want to be petty? (Plz be petty Quinn, we love you.)

[Anonymous User]

https://biglawbusiness.com/raising-asso ... -to-sleep/

Greenberg TTTTraurig

That must be a brutal read for Greenberg associates.

I wonder how much time he worries about explaining ever growing PPP to clients

So he says “This is a time when the best and the brightest should get paid fairly based on all factors.” Does that mean his own associates are not the best and the brightest? Ouch.

If you work at GT, you’ve probably already accepted you’re not one of the best and brightest. There are certainly outliers at every firm, but judging from my experience working across GT, the associate quality there is a noticeable downgrade from most V25 firms. It’s very apparent that the partners run the show over there — more so than other firms — and they don’t trust their senior associates to do work that juniors and midlevels are doing at some other, more-prestigious firms.

[Anonymous User]

https://biglawbusiness.com/raising-asso ... -to-sleep/

Greenberg TTTTraurig

That must be a brutal read for Greenberg associates.

I wonder how much time he worries about explaining ever growing PPP to clients

So he says “This is a time when the best and the brightest should get paid fairly based on all factors.” Does that mean his own associates are not the best and the brightest? Ouch.

If you work at GT, you’ve probably already accepted you’re not one of the best and brightest. There are certainly outliers at every firm, but judging from my experience working across GT, the associate quality there is a noticeable downgrade from most V25 firms.

*V27 firms.

[Anonymous User]

Greenberg has always sucked. Even the name sounds like some sort of used car long since out of production

Also can we stop talking Milbank scale. It's the Simpson scale, and if firms don't match summer bonuses then they are BELOW MARKETTTTTTTTTT

[Anonymous User]

https://biglawbusiness.com/raising-asso ... -to-sleep/

Greenberg TTTTraurig

That must be a brutal read for Greenberg associates.

I wonder how much time he worries about explaining ever growing PPP to clients

So he says “This is a time when the best and the brightest should get paid fairly based on all factors.” Does that mean his own associates are not the best and the brightest? Ouch.

If you work at GT, you’ve probably already accepted you’re not one of the best and brightest. There are certainly outliers at every firm, but judging from my experience working across GT, the associate quality there is a noticeable downgrade from most V25 firms.

*V27 firms.

V27 and I’ll throw in V28, because the attorneys from Akin that I’ve worked with are certainly better than the GT attorneys I’ve worked with.

[nealric]

It would take some deft communication, something like: “we believe the increase would be poorly received by clients; we don’t want to have the kinds of hours targets that support these salaries; we’re following the advice we’d give to clients of not adding to fixed costs at this point in the economic cycle; instead, we are committed to increasing appreciably our annual bonuses (assuming activity continues strong through year end)”. It would also take restraint by peer firms from seizing the opportunity for shallow, ultimately self-harming, one-upmanship."

Had to laugh at this one. Associates are smart enough to see through any BS the firm wants to use to justify not raising salaries. Just be honest: We aren't Cravath, our PPP isn't $4M+, and we aren't willing to share the same associate cost structure. If you want the Cravath salary scale, go apply to work for them.

...except that Cravath (1) hasn't matched and (2) doesn't take laterals.

1) They will or exceed.
2) They very rarely take laterals, but that's a bit different from never.

I'm using Cravath as an Avatar for the top NYC firms. Replace with "Milbank" if it makes you feel any better.

[Anonymous User]

Are the CravaTTTh partners still eating their McDonald's?

[Anonymous User]

It would take some deft communication, something like: “we believe the increase would be poorly received by clients; we don’t want to have the kinds of hours targets that support these salaries; we’re following the advice we’d give to clients of not adding to fixed costs at this point in the economic cycle; instead, we are committed to increasing appreciably our annual bonuses (assuming activity continues strong through year end)”. It would also take restraint by peer firms from seizing the opportunity for shallow, ultimately self-harming, one-upmanship."

Had to laugh at this one. Associates are smart enough to see through any BS the firm wants to use to justify not raising salaries. Just be honest: We aren't Cravath, our PPP isn't $4M+, and we aren't willing to share the same associate cost structure. If you want the Cravath salary scale, go apply to work for them.

...except that Cravath (1) hasn't matched and (2) doesn't take laterals.

1) They will or exceed.
2) They very rarely take laterals, but that's a bit different from never.

I'm using Cravath as an Avatar for the top NYC firms. Replace with "Milbank" if it makes you feel any better.

Yeah, Cravath not taking laterals is born from a time when Cravath partners didn’t lateral to other biglaw firms and associates much more rarely did than now. They’re going to have to pick up their incoming-laterals game if they want to stay competitive.

[Anonymous User]

1) They will or exceed.
2) They very rarely take laterals, but that's a bit different from never.

I'm using Milbank as an Avatar for the top NYC firms. Replace with "Milbank" if it makes you feel any better.

[Anonymous User]

Are the CravaTTTh partners still eating their McDonald's?

Until 2p