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

[Anonymous User]

Okay Guys: time to be proactive. We need to all bombard ATL with a message along the lines of "start teasing firms as to when they are going to release compensation." We need this thread to get some press.

190 Emails. GO

[Big Shrimpin]

New prediction for this year

we get 2 keep our jobs

and NOBONUS

[lhanvt13]

tech bubble gon burst. tech firms drop like flies. need dissolution and acquisition work. 190k + no more uber confirmed

[mvp99]

tech bubble gon burst. tech firms drop like flies. need dissolution and acquisition work. 190k + no more uber confirmed

Yea from whatve read I dont think the bursts gonna be that bad as to destroy the economy since the overvaluations are mostly on the non public market side it might simply create more work

[Anonymous User]

tech bubble gon burst. tech firms drop like flies. need dissolution and acquisition work. 190k + no more uber confirmed

Yea from whatve read I dont think the bursts gonna be that bad as to destroy the economy since the overvaluations are mostly on the non public market side it might simply create more work

It's interesting. I work a lot in the life science space, including capital markets, and for almost three years now there has been just a giant amount of companies in that industry get insane valuations and go public, and then keep selling stock in secondary offerings, while still being years away from getting FDA approval for their products. Everyone (at least the lawyers) kept saying "this won't last, these valuations are crazy, it's not a matter of if this is a bubble, it's a matter of when it bursts, and how bad." Then Shkreli came out and fucked with the program, and a lot of stocks took hits, IPOs got put on ice or went out with lower valuations, etc. Deal flow definitely has slowed down since then, but only so much. On the private, VC side of things, there's a slowdown too, with a lot of money coming in from less orthodox investors from Asia who are getting more active in this space. So the public did bear some of the brunt of the bubble losing air, along with the private, but not quite enough to start laying off capital market associates, at least not yet. And the flip side is that when valuations for public companies go down, but don't kill off the companies outright, there is probably going to be a corresponding uptick in public M&A, which is pretty damn lucrative for firms, too. I mean, look at Shkreli's latest headline, that move has to have plenty of lawyers involved too and that was a move based on the target's death spiral.

TL;DR: SF/Boston to 190!!!

[Anonymous User]

any news!!?

[Big Shrimpin]

any news!!?

NOBONUSES/NORAISES is still my guess

some rumblings today on xo re 190, but u can never be sure

[Big Shrimpin]

daily reminder:

STAGNATION

[Single-Malt-Liquor]

Come at us ATL

My market is ready.

[Anonymous User]

ny to no bone us

[WillitBlend]

biglaw to 190 months since doing away with bonuses

[Big Shrimpin]

cant wait for NOBONUSES

[Anonymous User]

higher Bonuses + 190k

Slow year? naaa

http://www.bloomberg.com/professional/c ... Tables.pdf

[kcdc1]

higher Bonuses + 190k

Slow year? naaa

http://www.bloomberg.com/professional/c ... Tables.pdf

Too much numbers and charts. Someone please distill above into one-sentence summary of what I want to hear.

[KM2016]

higher Bonuses + 190k

Slow year? naaa

http://www.bloomberg.com/professional/c ... Tables.pdf

Too much numbers and charts. Someone please distill above into one-sentence summary of what I want to hear.

Deals were bigger, better, and more lucrative this year than last year.

TL;DR - MORE MONEY.

[PMan99]

higher Bonuses + 190k

Slow year? naaa

http://www.bloomberg.com/professional/c ... Tables.pdf

Too much numbers and charts. Someone please distill above into one-sentence summary of what I want to hear.

Deals were bigger, better, and more lucrative this year than last year.

TL;DR - MORE MONEY.

Looks like you accidentally pressed submit before finishing your last sentence (noticed "for partners" was missing)

[smaug]

Actual takeaway: deal volume was down so unless you're at WLRK and getting a percentage this year was worse than last.

Can't wait for CSM to set the market at a Chipotle gift card for first years.

[BigZuck]

higher Bonuses + 190k

Slow year? naaa

http://www.bloomberg.com/professional/c ... Tables.pdf

Too much numbers and charts. Someone please distill above into one-sentence summary of what I want to hear.

Deals were bigger, better, and more lucrative this year than last year.

TL;DR - MORE MONEY.

Looks like you accidentally pressed submit before finishing your last sentence (noticed "for partners" was missing)

Pretty sure that document is a joke just like the supposed Simpson to 190K thing. Some of the firm names on page 4 are a big tip off, way too jokey to be real:

Freshfields (obvious)
Fried Frank (hot dog stand)
Ashurst (ahahaha)
Slaughter & May (way too cool of a name to be a real firm)
Linklaters (director)
Clifford Chance (dog from child's book)
Allens (come on they didn't even try with this one, no one would call their firm simply "Allens")
Stikeman Elliot (hilarious cartoon swim show about an anthropomorphic duck that works as a private eye)

Sorry guys, looks like they got us again

[anonnymouse]

higher Bonuses + 190k

Slow year? naaa

http://www.bloomberg.com/professional/c ... Tables.pdf

Too much numbers and charts. Someone please distill above into one-sentence summary of what I want to hear.

Deals were bigger, better, and more lucrative this year than last year.

TL;DR - MORE MONEY.

To be precise: Americas deal count was +12.6% and deal volume ($) was +14% from 3Q14 to 3Q15. Global deal count was +20.7% and deal volume was +16% from 3Q14 to 3Q15.

[anonnymouse]

Actual takeaway: deal volume was down so unless you're at WLRK and getting a percentage this year was worse than last.

Can't wait for CSM to set the market at a Chipotle gift card for first years.

Sorry Toby but you're wrong. Both deal count and deal volume are up YoY.

[kcdc1]

To be precise: Americas deal count was +12.6% and deal volume ($) was +14% from 3Q14 to 3Q15. Global deal count was +20.7% and deal volume was +16% from 3Q14 to 3Q15.

Not sure I follow cuz you said numbers other than 190k, but I think what you're saying is that rich people want to put money in my bank account. Yes?

[Monochromatic Oeuvre]

higher Bonuses + 190k

Slow year? naaa

http://www.bloomberg.com/professional/c ... Tables.pdf

Too much numbers and charts. Someone please distill above into one-sentence summary of what I want to hear.

Deals were bigger, better, and more lucrative this year than last year.

TL;DR - MORE MONEY.

Looks like you accidentally pressed submit before finishing your last sentence (noticed "for partners" was missing)

Pretty sure that document is a joke just like the supposed Simpson to 190K thing. Some of the firm names on page 4 are a big tip off, way too jokey to be real:

Freshfields (obvious)
Fried Frank (hot dog stand)
Ashurst (ahahaha)
Slaughter & May (way too cool of a name to be a real firm)
Linklaters (director)
Clifford Chance (dog from child's book)
Allens (come on they didn't even try with this one, no one would call their firm simply "Allens")
Stikeman Elliot (hilarious cartoon swim show about an anthropomorphic duck that works as a private eye)

Sorry guys, looks like they got us again

I thought Linklaters were those little lego blocks you put together as a kid if your family was too poor to afford K'Nex.

Also like 80% sure Dentons is a body shop in my hometown and 90% sure Sullivan and Cromwell were those theater dudes who did The Mikado.

[Big Shrimpin]

itt ppl try tso hard 2 avoid coming to grips with NOBONUS and NORAISES

[kcdc1]

itt ppl try tso hard 2 avoid coming to grips with NOBONUS and NORAISES

ITT delusional poster denies sun will rise tomorrow to enhance child-like joy when inevitably proven wrong.

[Big Shrimpin]

itt ppl try tso hard 2 avoid coming to grips with NOBONUS and NORAISES

ITT delusional poster denies sun will rise tomorrow to enhance child-like joy when inevitably proven wrong.

gotta have something to live for dooder

esp when you've been ground down after a handful of years in BIGLAW

expecting less helps many cope