NYC to 200k Forum

[Anonymous User]

I'm surprised none of Simpson's peers matched shortly after it did. There is no question the other V10 firms will at least match the Milbank raise. They will probably also match the Simpson bonus. So what are they waiting for? Associate excitement is starting to turn a bit into grumbling in my office, particularly because firms matched so quickly last time and because lower ranked, less profitable firms have already matched this time.

[Clearly]

I'm surprised none of Simpson's peers matched shortly after it did. There is no question the other V10 firms will at least match the Milbank raise. They will probably also match the Simpson bonus. So what are they waiting for? Associate excitement is starting to turn a bit into grumbling in my office, particularly because firms matched so quickly last time and because lower ranked, less profitable firms have already matched this time.

It's pretty obvious CSM is going to 200 and they don't want to play catch up with 2 announcements. Once csm moves, everyone else will too.

[Anonymous User]

I'm surprised none of Simpson's peers matched shortly after it did. There is no question the other V10 firms will at least match the Milbank raise. They will probably also match the Simpson bonus. So what are they waiting for? Associate excitement is starting to turn a bit into grumbling in my office, particularly because firms matched so quickly last time and because lower ranked, less profitable firms have already matched this time.

It's pretty obvious CSM is going to 200 and they don't want to play catch up with 2 announcements. Once csm moves, everyone else will too.

BOUT FUCKIN TIME SOMEONE SAID THIS. Enough of these sad sacks talkin about "firm finances" and their deep analyses.

[Anonymous User]

I'm surprised none of Simpson's peers matched shortly after it did. There is no question the other V10 firms will at least match the Milbank raise. They will probably also match the Simpson bonus. So what are they waiting for? Associate excitement is starting to turn a bit into grumbling in my office, particularly because firms matched so quickly last time and because lower ranked, less profitable firms have already matched this time.

It's pretty obvious CSM is going to 200 and they don't want to play catch up with 2 announcements. Once csm moves, everyone else will too.

So you're saying they'll wait even more?

[Anonymous User]

I'm surprised none of Simpson's peers matched shortly after it did. There is no question the other V10 firms will at least match the Milbank raise. They will probably also match the Simpson bonus. So what are they waiting for? Associate excitement is starting to turn a bit into grumbling in my office, particularly because firms matched so quickly last time and because lower ranked, less profitable firms have already matched this time.

It's pretty obvious CSM is going to 200 and they don't want to play catch up with 2 announcements. Once csm moves, everyone else will too.

So why doesn't Kirkland or Davis Polk or Skadden come in and scoop them, if we're going to 200 anyway? They all have the revenue and profits to do so. And doing so would be a boon to their associate morale, their associate retention, their lateral recruiting, and their OCI hiring.

[Anonymous User]

[Anonymous User]

It's starting to feel like there will not be anymore raises.

Does anyone have any good info? Please convince me that I'm wrong.

[Anonymous User]

Forgot salary raises were occurring, come to check for news expecting a bonfire, instead I find a dumpster fire.

[Anonymous User]

Please convince me that I'm wrong.

Proskauer, Winston Strawn, Milbank & Simpson all currently pay their associates more than Cravath, Kirkland, Latham, DPW, Cleary & Skadden

What else do you need to know?

[Anonymous User]

It's starting to feel like there will not be anymore raises.

Does anyone have any good info? Please convince me that I'm wrong.

It'd be shocking to say the least if no other firms matched at least $190k. Can you imagine the amount of OCI bids for Milbank, Proskauer, Jones Day, and Winston if they were the only major Vault firms to be at $190k?

[Anonymous User]

Please convince me that I'm wrong.

Proskauer, Winston Strawn, Milbank & Simpson all currently pay their associates more than Cravath, Kirkland, Latham, DPW, Cleary & Skadden

What else do you need to know?

I just don't understand what's taking so long.

[Anonymous User]

Please convince me that I'm wrong.

Proskauer, Winston Strawn, Milbank & Simpson all currently pay their associates more than Cravath, Kirkland, Latham, DPW, Cleary & Skadden

What else do you need to know?

I just don't understand what's taking so long.

Greed. Plain and simple. Partners dont wanna pay associates a dime more than they need to.

[Anonymous User]

It's starting to feel like there will not be anymore raises.

Does anyone have any good info? Please convince me that I'm wrong.

It'd be shocking to say the least if no other firms matched at least $190k. Can you imagine the amount of OCI bids for Milbank, Proskauer, Jones Day, and Winston if they were the only major Vault firms to be at $190k?

Explanation: They all thought Cravath would go to 200 and prematurely went to 190 when in reality Cravath had no intention of raising salaries. Once they realize Cravath isn't doing 190, they'll all go back to 180.

[Anonymous User]

I'm surprised none of Simpson's peers matched shortly after it did. There is no question the other V10 firms will at least match the Milbank raise. They will probably also match the Simpson bonus. So what are they waiting for? Associate excitement is starting to turn a bit into grumbling in my office, particularly because firms matched so quickly last time and because lower ranked, less profitable firms have already matched this time.

It's pretty obvious CSM is going to 200 and they don't want to play catch up with 2 announcements. Once csm moves, everyone else will too.

So why doesn't Kirkland or Davis Polk or Skadden come in and scoop them, if we're going to 200 anyway? They all have the revenue and profits to do so. And doing so would be a boon to their associate morale, their associate retention, their lateral recruiting, and their OCI hiring.

Dpw? Theres pages of discussions in this thread

[Anonymous User]

I just don't understand what's taking so long.

It's been explained in this thread a million times. The other biglaw firms are waiting to see what Cravath does, as there seems to be a real concern that they will go to $200K. The few that already matched likely did so to try and set the new market rate early to stave off going to $200K.

[Anonymous User]

Twist: Cravath will stay at 190, but will top Milbank for fifth years and up to help retention.

[Anonymous User]

I just don't understand what's taking so long.

It's been explained in this thread a million times. The other biglaw firms are waiting to see what Cravath does, as there seems to be a real concern that they will go to $200K. The few that already matched likely did so to try and set the new market rate early to stave off going to $200K.

A "real" concern from underemployed associates on this thread.

[Anonymous User]

I just don't understand what's taking so long.

It's been explained in this thread a million times. The other biglaw firms are waiting to see what Cravath does, as there seems to be a real concern that they will go to $200K. The few that already matched likely did so to try and set the new market rate early to stave off going to $200K.

I meant what's taking Cravath so long.

[Anonymous User]

The fact that other companies have been silent so far gives me the impression that they do not want to raise salaries. How likely is this scenario? Is it possible that with Milbank's salary increase, a new era has dawned, where law firms no longer offer the same salaries, even within V10?

[Anonymous User]

I just don't understand what's taking so long.

It's been explained in this thread a million times. The other biglaw firms are waiting to see what Cravath does, as there seems to be a real concern that they will go to $200K. The few that already matched likely did so to try and set the new market rate early to stave off going to $200K.

I meant what's taking Cravath so long.

A drunk partner dictated it, and now his assistant has to meet with five other assistants and a couple associates to figure out what he said so they can type the e-mail.

[Anonymous User]

I just don't understand what's taking so long.

It's been explained in this thread a million times. The other biglaw firms are waiting to see what Cravath does, as there seems to be a real concern that they will go to $200K. The few that already matched likely did so to try and set the new market rate early to stave off going to $200K.

I meant what's taking Cravath so long.

A drunk partner dictated it, and now his assistant has to meet with five other assistants and a couple associates to figure out what he said so they can type the e-mail.

Half serious, knowing the culture of timing emails to fuck other firms as much as possible, wouldn't surprise me if they release the news at 5pm just to keep everyone else scrambling.

[Anonymous User]

Half serious, knowing the culture of timing emails to fuck other firms as much as possible, wouldn't surprise me if they release the news at 5pm just to keep everyone else scrambling.

They did usually wait to announce high profile partner departures until later in the day so that there isn't chatter among the staff.

[Clearly]

I just don't understand what's taking so long.

It's been explained in this thread a million times. The other biglaw firms are waiting to see what Cravath does, as there seems to be a real concern that they will go to $200K. The few that already matched likely did so to try and set the new market rate early to stave off going to $200K.

I meant what's taking Cravath so long.

A drunk partner dictated it, and now his assistant has to meet with five other assistants and a couple associates to figure out what he said so they can type the e-mail.

Half serious, knowing the culture of timing emails to fuck other firms as much as possible, wouldn't surprise me if they release the news at 5pm just to keep everyone else scrambling.

This. You think it's a coincidence Milbank happened to do this the morning after Cravaths partnership meeting?

[Anonymous User]

Real question is why is Staci so bad at updating the scorecard? 3:09 and it's still not updated...

https://abovethelaw.com/2018/06/salary- ... ises-2018/

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

[Blindweaponsfumbler]

The fact that other companies have been silent so far gives me the impression that they do not want to raise salaries. How likely is this scenario? Is it possible that with Milbank's salary increase, a new era has dawned, where law firms no longer offer the same salaries, even within V10?

If this were the case wouldn’t the stratification be across firm quality?

What could be really interesting is different salaries across practice groups.