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

[Anonymous User]

Is it not possible that there is a practical reason for a V10 to wait for the market to settle before re-raising? For example, once they match employees will expect a bonus compensating the raise for the work already performed since the beginning of the year. If they match now, provide the raise, then another firm re-raises, employees will want that compensated for too which makes the process unnecessarily more complicated than just waiting for the market to settle and doing everything at once. Just playing devils advocate here….during my OCI interview multiple equity partners told me that with my work ethic I had a good chance of making EP and should strive for it. So I am not quick to assume that all partners are dumb enough to not appreciate the fact that without hard working associates, the firm would fail. (This is at a firm that according to this site has a bad reputation for over worked and under appreciated employees)

Lmao

Special kind of gullible, this one.

Most of us are suckers but agree that one’s pretty bad.

My first reply did not seem to go through so I am going to try again. I have the mentality that trying my best and working as if something is possible has always been intrinsically rewarding, and has always worked for me time and time again. Hard work and strategizing makes my life meaningful and exciting regardless of the outcome. I do wonder if your pessimistic mentality as well as knee-jerk urge to put other people down has served you well in life.

You missed the entire point. Agreed working towards a goal is rewarding and can benefit you in life, regardless of outcome. That's pretty basic psych.

What we are all laughing at is the notion that the partners you interviewed with were giving you anything but lip service. Them saying that is to get you to accept a job if offered, it isn't indicative of the high esteem that they hold budding 2Ls in. Partners by and large look at juniors as profit making serfs and whatever they told you at OCI was a sales job, nothing more nothing less.

I understand your point but my response was also pertaining to the many people on this site who tell others it is impossible to become EP and make fun of them for even thinking about it, in general. Their comments reminded me of other comments I’ve seen when the topic arises. So, I don’t think the mentality I described is basic psych, especially from all the comments I’ve seen complaining about workload in a job where you make significantly more than the majority of the population. Perhaps I did not correctly address the intended point, but my response still stands.

[Anonymous User]

Is it not possible that there is a practical reason for a V10 to wait for the market to settle before re-raising? For example, once they match employees will expect a bonus compensating the raise for the work already performed since the beginning of the year. If they match now, provide the raise, then another firm re-raises, employees will want that compensated for too which makes the process unnecessarily more complicated than just waiting for the market to settle and doing everything at once. Just playing devils advocate here….during my OCI interview multiple equity partners told me that with my work ethic I had a good chance of making EP and should strive for it. So I am not quick to assume that all partners are dumb enough to not appreciate the fact that without hard working associates, the firm would fail. (This is at a firm that according to this site has a bad reputation for over worked and under appreciated employees)

Lmao

Special kind of gullible, this one.

Most of us are suckers but agree that one’s pretty bad.

My first reply did not seem to go through so I am going to try again. I have the mentality that trying my best and working as if something is possible has always been intrinsically rewarding, and has always worked for me time and time again. Hard work and strategizing makes my life meaningful and exciting regardless of the outcome. I do wonder if your pessimistic mentality as well as knee-jerk urge to put other people down has served you well in life.

You missed the entire point. Agreed working towards a goal is rewarding and can benefit you in life, regardless of outcome. That's pretty basic psych.

What we are all laughing at is the notion that the partners you interviewed with were giving you anything but lip service. Them saying that is to get you to accept a job if offered, it isn't indicative of the high esteem that they hold budding 2Ls in. Partners by and large look at juniors as profit making serfs and whatever they told you at OCI was a sales job, nothing more nothing less.

I understand your point but my response was also pertaining to the many people on this site who tell others it is impossible to become EP and make fun of them for even thinking about it, in general. Their comments reminded me of other comments I’ve seen when the topic arises. So, I don’t think the mentality I described is basic psych, especially from all the comments I’ve seen complaining about workload in a job where you make significantly more than the majority of the population. Perhaps I did not correctly address the intended point, but my response still stands.

You'll become a jaded midlevel like the rest of us and you'll like it

[Anonymous User]

Lmao

Special kind of gullible, this one.

Most of us are suckers but agree that one’s pretty bad.

My first reply did not seem to go through so I am going to try again. I have the mentality that trying my best and working as if something is possible has always been intrinsically rewarding, and has always worked for me time and time again. Hard work and strategizing makes my life meaningful and exciting regardless of the outcome. I do wonder if your pessimistic mentality as well as knee-jerk urge to put other people down has served you well in life.

You missed the entire point. Agreed working towards a goal is rewarding and can benefit you in life, regardless of outcome. That's pretty basic psych.

What we are all laughing at is the notion that the partners you interviewed with were giving you anything but lip service. Them saying that is to get you to accept a job if offered, it isn't indicative of the high esteem that they hold budding 2Ls in. Partners by and large look at juniors as profit making serfs and whatever they told you at OCI was a sales job, nothing more nothing less.

I understand your point but my response was also pertaining to the many people on this site who tell others it is impossible to become EP and make fun of them for even thinking about it, in general. Their comments reminded me of other comments I’ve seen when the topic arises. So, I don’t think the mentality I described is basic psych, especially from all the comments I’ve seen complaining about workload in a job where you make significantly more than the majority of the population. Perhaps I did not correctly address the intended point, but my response still stands.

You'll become a jaded midlevel like the rest of us and you'll like it

Didn't even take me until mid-level. I thought these exact things and now as a second-year I'm actively trying to lateral. Naivety does not last long here.

[Anonymous User]

Special kind of gullible, this one.

Most of us are suckers but agree that one’s pretty bad.

My first reply did not seem to go through so I am going to try again. I have the mentality that trying my best and working as if something is possible has always been intrinsically rewarding, and has always worked for me time and time again. Hard work and strategizing makes my life meaningful and exciting regardless of the outcome. I do wonder if your pessimistic mentality as well as knee-jerk urge to put other people down has served you well in life.

You missed the entire point. Agreed working towards a goal is rewarding and can benefit you in life, regardless of outcome. That's pretty basic psych.

What we are all laughing at is the notion that the partners you interviewed with were giving you anything but lip service. Them saying that is to get you to accept a job if offered, it isn't indicative of the high esteem that they hold budding 2Ls in. Partners by and large look at juniors as profit making serfs and whatever they told you at OCI was a sales job, nothing more nothing less.

I understand your point but my response was also pertaining to the many people on this site who tell others it is impossible to become EP and make fun of them for even thinking about it, in general. Their comments reminded me of other comments I’ve seen when the topic arises. So, I don’t think the mentality I described is basic psych, especially from all the comments I’ve seen complaining about workload in a job where you make significantly more than the majority of the population. Perhaps I did not correctly address the intended point, but my response still stands.

You'll become a jaded midlevel like the rest of us and you'll like it

Didn't even take me until mid-level. I thought these exact things and now as a second-year I'm actively trying to lateral. Naivety does not last long here.

I went from an immigrant with nothing to putting myself through two Ivy League schools, making it into a V10, and I recently became the co-owner of a Hedge Fund. I’ve worked 80+ hours a week, getting between 4-6 hours of sleep a night, and typically working 2-3 jobs on top of school for the past 8 years. I just can’t imagine finding
Big Law to be that much more stressful than how I’ve worked for a long time now, but maybe you are right. I guess we’ll see.

[Anonymous User]

*sees the page count jump by 3 overnight / early morning*

*rushes into thread*

*sees it’s just bored TLSers shitpoasting back and forth at each other*

*cries*

[Anonymous User]

Here ya go, the yorkshiremen sketch from monty python

https://m.youtube.com/watch?v=ue7wM0QC5LE

[Anonymous User]

Most of us are suckers but agree that one’s pretty bad.

My first reply did not seem to go through so I am going to try again. I have the mentality that trying my best and working as if something is possible has always been intrinsically rewarding, and has always worked for me time and time again. Hard work and strategizing makes my life meaningful and exciting regardless of the outcome. I do wonder if your pessimistic mentality as well as knee-jerk urge to put other people down has served you well in life.

You missed the entire point. Agreed working towards a goal is rewarding and can benefit you in life, regardless of outcome. That's pretty basic psych.

What we are all laughing at is the notion that the partners you interviewed with were giving you anything but lip service. Them saying that is to get you to accept a job if offered, it isn't indicative of the high esteem that they hold budding 2Ls in. Partners by and large look at juniors as profit making serfs and whatever they told you at OCI was a sales job, nothing more nothing less.

I understand your point but my response was also pertaining to the many people on this site who tell others it is impossible to become EP and make fun of them for even thinking about it, in general. Their comments reminded me of other comments I’ve seen when the topic arises. So, I don’t think the mentality I described is basic psych, especially from all the comments I’ve seen complaining about workload in a job where you make significantly more than the majority of the population. Perhaps I did not correctly address the intended point, but my response still stands.

You'll become a jaded midlevel like the rest of us and you'll like it

Didn't even take me until mid-level. I thought these exact things and now as a second-year I'm actively trying to lateral. Naivety does not last long here.

I went from an immigrant with nothing to putting myself through two Ivy League schools, making it into a V10, and I recently became the co-owner of a Hedge Fund. I’ve worked 80+ hours a week, getting between 4-6 hours of sleep a night, and typically working 2-3 jobs on top of school for the past 8 years. I just can’t imagine finding
Big Law to be that much more stressful than how I’ve worked for a long time now, but maybe you are right. I guess we’ll see.

I'm one of the posters who was trolling you earlier. Shitposting aside, good for you, it sounds like a truly incredible life you've had so far. Hope your hedge fund takes off and you never have to work in biglaw.

[Anonymous User]

My first reply did not seem to go through so I am going to try again. I have the mentality that trying my best and working as if something is possible has always been intrinsically rewarding, and has always worked for me time and time again. Hard work and strategizing makes my life meaningful and exciting regardless of the outcome. I do wonder if your pessimistic mentality as well as knee-jerk urge to put other people down has served you well in life.

You missed the entire point. Agreed working towards a goal is rewarding and can benefit you in life, regardless of outcome. That's pretty basic psych.

What we are all laughing at is the notion that the partners you interviewed with were giving you anything but lip service. Them saying that is to get you to accept a job if offered, it isn't indicative of the high esteem that they hold budding 2Ls in. Partners by and large look at juniors as profit making serfs and whatever they told you at OCI was a sales job, nothing more nothing less.

I understand your point but my response was also pertaining to the many people on this site who tell others it is impossible to become EP and make fun of them for even thinking about it, in general. Their comments reminded me of other comments I’ve seen when the topic arises. So, I don’t think the mentality I described is basic psych, especially from all the comments I’ve seen complaining about workload in a job where you make significantly more than the majority of the population. Perhaps I did not correctly address the intended point, but my response still stands.

You'll become a jaded midlevel like the rest of us and you'll like it

Didn't even take me until mid-level. I thought these exact things and now as a second-year I'm actively trying to lateral. Naivety does not last long here.

I went from an immigrant with nothing to putting myself through two Ivy League schools, making it into a V10, and I recently became the co-owner of a Hedge Fund. I’ve worked 80+ hours a week, getting between 4-6 hours of sleep a night, and typically working 2-3 jobs on top of school for the past 8 years. I just can’t imagine finding
Big Law to be that much more stressful than how I’ve worked for a long time now, but maybe you are right. I guess we’ll see.

I'm one of the posters who was trolling you earlier. Shitposting aside, good for you, it sounds like a truly incredible life you've had so far. Hope your hedge fund takes off and you never have to work in biglaw.

Thank you I really appreciate it. I owe a lot of my success to a great wife, but I’m trying.

[Anonymous User]

Lots of us are immigrants and went to Ivies. If you actually sleep 4-6 hours a week just for law school and whatever co-owning a hedge fund means, please don't let biglaw overwork you because they will literally send you to the hospital if you do not set boundaries.

[Anonymous User]

Lots of us are immigrants and went to Ivies. If you actually sleep 4-6 hours a week just for law school and whatever co-owning a hedge fund means, please don't let biglaw overwork you because they will literally send you to the hospital if you do not set boundaries.

Yeah, serious kudos to you for all you've accomplished, but make sure you actually take care of yourself and learn to say "no." Much easier said than done, but failing to do that is what causes 99% of associate burnout imo.

[Anonymous User]

I...I thought it was obvious that "hedge funds owner" is a shitpost?

[Anonymous User]

Here ya go, the yorkshiremen sketch from monty python

https://m.youtube.com/watch?v=ue7wM0QC5LE

YES. +1000

[Anonymous User]

Lots of us are immigrants and went to Ivies. If you actually sleep 4-6 hours a week just for law school and whatever co-owning a hedge fund means, please don't let biglaw overwork you because they will literally send you to the hospital if you do not set boundaries.

Thank you for the feedback. I own it along with four other partners. We own the parent company with the hedge fund underneath it and get a percent of the positive returns at the end of the year. So far it’s been manageable with law school.

But anyway sorry we should get back to the purpose of the thread. Hopefully we hear something today or by the end of this week.

[Anonymous User]

Most of us are suckers but agree that one’s pretty bad.

My first reply did not seem to go through so I am going to try again. I have the mentality that trying my best and working as if something is possible has always been intrinsically rewarding, and has always worked for me time and time again. Hard work and strategizing makes my life meaningful and exciting regardless of the outcome. I do wonder if your pessimistic mentality as well as knee-jerk urge to put other people down has served you well in life.

You missed the entire point. Agreed working towards a goal is rewarding and can benefit you in life, regardless of outcome. That's pretty basic psych.

What we are all laughing at is the notion that the partners you interviewed with were giving you anything but lip service. Them saying that is to get you to accept a job if offered, it isn't indicative of the high esteem that they hold budding 2Ls in. Partners by and large look at juniors as profit making serfs and whatever they told you at OCI was a sales job, nothing more nothing less.

I understand your point but my response was also pertaining to the many people on this site who tell others it is impossible to become EP and make fun of them for even thinking about it, in general. Their comments reminded me of other comments I’ve seen when the topic arises. So, I don’t think the mentality I described is basic psych, especially from all the comments I’ve seen complaining about workload in a job where you make significantly more than the majority of the population. Perhaps I did not correctly address the intended point, but my response still stands.

You'll become a jaded midlevel like the rest of us and you'll like it

Didn't even take me until mid-level. I thought these exact things and now as a second-year I'm actively trying to lateral. Naivety does not last long here.

I went from an immigrant with nothing to putting myself through two Ivy League schools, making it into a V10, and I recently became the co-owner of a Hedge Fund. I’ve worked 80+ hours a week, getting between 4-6 hours of sleep a night, and typically working 2-3 jobs on top of school for the past 8 years. I just can’t imagine finding
Big Law to be that much more stressful than how I’ve worked for a long time now, but maybe you are right. I guess we’ll see.

It's not that it's stressful, it's that it (meaning biglaw) is just kinda bullshit. You can have all the grit and work ethic in the world but that doesn't mean you'll enjoy having weekend plans blown up by boomer partners who can't manage for shit or getting chewed out for misunderstanding an assignment that was poorly explained or getting strung along by your V-whatever firm that refuses to match salary for no discernible reason.

[Anonymous User]

I...I thought it was obvious that "hedge funds owner" is a shitpost?

Not a shitpost

[Anonymous User]

at this point, DPW better match Brewer at $235K to redeem themselves.

[Anonymous User]

My first reply did not seem to go through so I am going to try again. I have the mentality that trying my best and working as if something is possible has always been intrinsically rewarding, and has always worked for me time and time again. Hard work and strategizing makes my life meaningful and exciting regardless of the outcome. I do wonder if your pessimistic mentality as well as knee-jerk urge to put other people down has served you well in life.

You missed the entire point. Agreed working towards a goal is rewarding and can benefit you in life, regardless of outcome. That's pretty basic psych.

What we are all laughing at is the notion that the partners you interviewed with were giving you anything but lip service. Them saying that is to get you to accept a job if offered, it isn't indicative of the high esteem that they hold budding 2Ls in. Partners by and large look at juniors as profit making serfs and whatever they told you at OCI was a sales job, nothing more nothing less.

I understand your point but my response was also pertaining to the many people on this site who tell others it is impossible to become EP and make fun of them for even thinking about it, in general. Their comments reminded me of other comments I’ve seen when the topic arises. So, I don’t think the mentality I described is basic psych, especially from all the comments I’ve seen complaining about workload in a job where you make significantly more than the majority of the population. Perhaps I did not correctly address the intended point, but my response still stands.

You'll become a jaded midlevel like the rest of us and you'll like it

Didn't even take me until mid-level. I thought these exact things and now as a second-year I'm actively trying to lateral. Naivety does not last long here.

I went from an immigrant with nothing to putting myself through two Ivy League schools, making it into a V10, and I recently became the co-owner of a Hedge Fund. I’ve worked 80+ hours a week, getting between 4-6 hours of sleep a night, and typically working 2-3 jobs on top of school for the past 8 years. I just can’t imagine finding
Big Law to be that much more stressful than how I’ve worked for a long time now, but maybe you are right. I guess we’ll see.

It's not that it's stressful, it's that it (meaning biglaw) is just kinda bullshit. You can have all the grit and work ethic in the world but that doesn't mean you'll enjoy having weekend plans blown up by boomer partners who can't manage for shit or getting chewed out for misunderstanding an assignment that was poorly explained or getting strung along by your V-whatever firm that refuses to match salary for no discernible reason.

I get what you are saying. All good points.

[Anonymous User]

Ok guys. Focus. Back to making predictions based on arbitrary criteria on when DPW will finally say something. My vote is 4:35 PM tomorrow.

[Anonymous User]

Ok guys. Focus. Back to making predictions based on arbitrary criteria on when DPW will finally say something. My vote is 4:35 PM tomorrow.

There's gotta be someone familiar enough with the legal market to game out how this could trickle up from Cooley to DPW. As in, Cooley is a peer of A in X market, so A will need to match. Then A is a peer of B in Y market, so B will match. Then B is a peer of [insert V5], so that V5 will need to match, which will finally put gears in motion for the rest of us.

[1biglawandme]

How many weeks have to pass before people start to believe that many firms are not going to match?

[Anonymous User]

Ok guys. Focus. Back to making predictions based on arbitrary criteria on when DPW will finally say something. My vote is 4:35 PM tomorrow.

Honestly whoever said "DPW maybe planned a March bonus announcement and isn't going to let Milbank change their schedule" was probably right. They probably "decided" to match the moment Milbank announced, it's pretty much a no brainer, and at this point there's not much of another explanation for the delay, and there's certainly no reason to believe the 28th day after Milbank would be any different from the 27th (today, not that I'm counting).

I say second week of March.

Are those criteria arbitrary enough?

[Anonymous User]

Are we too far outside the realm of normal response times to predict anything at this point? Does anyone have any guess backed up by reasoning in terms of timing for an announcement or whether we could expect a raise or special bonuses?

EDIT: Just saw post immediately above. Maybe that's right?

[Anonymous User]

What is going on!? Pages more, so I assume someone moved, but all I get is 2Ls on equity track. This is dumb. Since Millbank moved, inflation has gone up another 28% and DPW needs to hit at least 250 now.

[Anonymous User]

Ok guys. Focus. Back to making predictions based on arbitrary criteria on when DPW will finally say something. My vote is 4:35 PM tomorrow.

Honestly whoever said "DPW maybe planned a March bonus announcement and isn't going to let Milbank change their schedule" was probably right. They probably "decided" to match the moment Milbank announced, it's pretty much a no brainer, and at this point there's not much of another explanation for the delay, and there's certainly no reason to believe the 28th day after Milbank would be any different from the 27th (today, not that I'm counting).

I say second week of March.

Are those criteria arbitrary enough?

Lol… so what do you think? No hope for a re-raise at this point?

[Anonymous User]

How many weeks have to pass before people start to believe that many firms are not going to match?

I'm calling it that firms are going to wait through the market dips. Come June/July, Milbank does another raise and there would be two tiers of firms: one that matched and one that didn't match.