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

[Anonymous User]

The match thread idea is a good idea because it allows for someone five years from now to go back and chart the exact match timing.

It may be unnecessary because (I) the front page of this thread does that already (though there's a risk OP could disappear) and (ii) other trackers like ATL generally handle this.

But it's still a nice / good concept, whatever.

But it's fun to poke fun at someone taking themselves seriously, so you set yourself up for it. From a utilitarian perspective, the market determined that your thread's utility as a "make OP a punching bag" was greater than its utility as a redundant way to track matches. This is especially the case because you had a sort of multiplier on the "how fun is it to make OP a punching bag" factor given how hard you tried to crack down. In a way you just played your part in ensuring good TLS market efficiencies. bravo.

[Anonymous User]

Oh wait, this is a forum with complete dickheads who think upsetting people online gives them real power. Woah, way to go with your fragile egos.

Do you not see the irony of saying that ppl think upsetting others gives them real power, then call those other people dickheads with fragile egos?

FWIW from what I remember of the other thread, most ppl were not trying to upset OP, they were just posting without really thinking. OP came across a bit like a Karen in enforcement so maybe then ppl pushed back. Nothing personal, the thread was probably going to die either way (or live on as a troll / KE bashing / junior-senior pillow fight thread)

[Anonymous User]

The match thread idea is a good idea because it allows for someone five years from now to go back and chart the exact match timing.

It may be unnecessary because (I) the front page of this thread does that already (though there's a risk OP could disappear) and (ii) other trackers like ATL generally handle this.

But it's still a nice / good concept, whatever.

But it's fun to poke fun at someone taking themselves seriously, so you set yourself up for it. From a utilitarian perspective, the market determined that your thread's utility as a "make OP a punching bag" was greater than its utility as a redundant way to track matches. This is especially the case because you had a sort of multiplier on the "how fun is it to make OP a punching bag" factor given how hard you tried to crack down. In a way you just played your part in ensuring good TLS market efficiencies. bravo.

Fair points, but I wouldn't call it market efficiencies. By design, those who bought in didn't post. All it took were a few rogues to derail the OP and thus the thread. I don't think that's necessarily reflective of the market for TLS interest.

Besides, let's not forget all the lurkers. Neil, I know you're here for the LOLs. Pay up!

[Anonymous User]

Approaching 1pm eastern on Friday 2/18/2022

[Anonymous User]

I've heard that deal volume at a V5 is down YTD; I wonder if some firms see business deteriorating in the same moment that they are expected to match

[Anonymous User]

I've heard that deal volume at a V5 is down YTD; I wonder if some firms see business deteriorating in the same moment that they are expected to match

My v20 had roughly $675 million in profit last year. Raising associate salaries by $20k (and it's not even $20k on average) would reduce PPP by about $150k (roughly one thirtieth). Not that worried.

[Anonymous User]

The match thread idea is a good idea because it allows for someone five years from now to go back and chart the exact match timing.

It may be unnecessary because (I) the front page of this thread does that already (though there's a risk OP could disappear) and (ii) other trackers like ATL generally handle this.

But it's still a nice / good concept, whatever.

But it's fun to poke fun at someone taking themselves seriously, so you set yourself up for it. From a utilitarian perspective, the market determined that your thread's utility as a "make OP a punching bag" was greater than its utility as a redundant way to track matches. This is especially the case because you had a sort of multiplier on the "how fun is it to make OP a punching bag" factor given how hard you tried to crack down. In a way you just played your part in ensuring good TLS market efficiencies. bravo.

Fair points, but I wouldn't call it market efficiencies. By design, those who bought in didn't post. All it took were a few rogues to derail the OP and thus the thread. I don't think that's necessarily reflective of the market for TLS interest.

Besides, let's not forget all the lurkers. Neil, I know you're here for the LOLs. Pay up!

I lurked on that thread and didn't post. I thought OP was pretty insufferable. The whole thing was redundant anyway.

[Anonymous User]

Can we get some more John Lambert Cadwalader fan fiction while we wait? I particularly enjoyed the one of him in the old west saloon. Make him fight Joe Proskauer.

[Anonymous User]

Feels like another week has come and gone, leaving the v10 (now v11-20) further in the dust.

[Anonymous User]

Feels like another week has come and gone, leaving the v10 (now v11-20) further in the dust.

So at what point do the people who are certain that the V10 will match become not so certain? I mean...I have to think if we haven't heard anything by May people might start to doubt, right? Has DPW flexed its market power to effectively stop a raise in its tracks (outside a handful of quick matchers)?

[TigerIsBack]

Feels like another week has come and gone, leaving the v10 (now v11-20) further in the dust.

So at what point do the people who are certain that the V10 will match become not so certain? I mean...I have to think if we haven't heard anything by May people might start to doubt, right? Has DPW flexed its market power to effectively stop a raise in its tracks (outside a handful of quick matchers)?

Wow, maybe all of DPW's raises above the Milbank scale were part of a long con since they knew this day would come where Milbank raised again and DPW hoped that its silence would effectively keep the rest of the v10 and beyond silent as well beyond a handful of early movers...

[parkslope]

Feels like another week has come and gone, leaving the v10 (now v11-20) further in the dust.

So at what point do the people who are certain that the V10 will match become not so certain? I mean...I have to think if we haven't heard anything by May people might start to doubt, right? Has DPW flexed its market power to effectively stop a raise in its tracks (outside a handful of quick matchers)?

Wow, maybe all of DPW's raises above the Milbank scale were part of a long con since they knew this day would come where Milbank raised again and DPW hoped that its silence would effectively keep the rest of the v10 and beyond silent as well beyond a handful of early movers...

Will DPW and co. really want to go into fall OCI competing with Milbank touting its "we pay more" policy? I'm sure DPW is used to winning almost all candidates with Milbank offers but the calculus will change if Milbank will pay more.

[Anonymous User]

Feels like another week has come and gone, leaving the v10 (now v11-20) further in the dust.

So at what point do the people who are certain that the V10 will match become not so certain? I mean...I have to think if we haven't heard anything by May people might start to doubt, right? Has DPW flexed its market power to effectively stop a raise in its tracks (outside a handful of quick matchers)?

Wow, maybe all of DPW's raises above the Milbank scale were part of a long con since they knew this day would come where Milbank raised again and DPW hoped that its silence would effectively keep the rest of the v10 and beyond silent as well beyond a handful of early movers...

Will DPW and co. really want to go into fall OCI competing with Milbank touting its "we pay more" policy? I'm sure DPW is used to winning almost all candidates with Milbank offers but the calculus will change if Milbank will pay more.

STOP NO ONE SAY IT WE CANNOT DO ANOTHER THREE PAGES OF THE "Is 10k a lot of money or does prestige get me wet?" GAME AGAIN.

[Anonymous User]

WSGR just had a town hall. Reported increased revenue of 18% Y/Y. Reiterated opening on March 14. Acknowledged everyones anxiety about coming in. NO MENTION OF COMPENSATION. Tone deaf.

[Anonymous User]

Approaching 1pm eastern on Friday 2/18/2022

Creeps in this petty pace from day to day . . .

[Anonymous User]

How were there no questions about comp… Do people not have the opportunity to ask questions at town halls?

[Anonymous User]

Is anyone nervous that the V50 wont match this given the delay? Im not there yet and think they are pondering special bonuses / inflation adjustment, but curious to see if others feel differently.

[Anonymous User]

WSGR just had a town hall. Reported increased revenue of 18% Y/Y. Reiterated opening on March 14. Acknowledged everyones anxiety about coming in. NO MENTION OF COMPENSATION. Tone deaf.

And did anyone ask about compensation? Because at this point, a month of associates not asking for information just reinforces partners' belief that they don't need to give any information.

[Anonymous User]

Another week of getting paid higher than any of the v10s. Shall I have lobster or get a filet delivered for dinner tonight?

[Anonymous User]

WSGR just had a town hall. Reported increased revenue of 18% Y/Y. Reiterated opening on March 14. Acknowledged everyones anxiety about coming in. NO MENTION OF COMPENSATION. Tone deaf.

And did anyone ask about compensation? Because at this point, a month of associates not asking for information just reinforces partners' belief that they don't need to give any information.

They don't divulge what questions were asked; people submit questions in advance.

[Anonymous User]

WSGR just had a town hall. Reported increased revenue of 18% Y/Y. Reiterated opening on March 14. Acknowledged everyones anxiety about coming in. NO MENTION OF COMPENSATION. Tone deaf.

And did anyone ask about compensation? Because at this point, a month of associates not asking for information just reinforces partners' belief that they don't need to give any information.

They don't divulge what questions were asked; people submit questions in advance.

Fair enough.

[Anonymous User]

Feels like another week has come and gone, leaving the v10 (now v11-20) further in the dust.

So at what point do the people who are certain that the V10 will match become not so certain? I mean...I have to think if we haven't heard anything by May people might start to doubt, right? Has DPW flexed its market power to effectively stop a raise in its tracks (outside a handful of quick matchers)?

Wow, maybe all of DPW's raises above the Milbank scale were part of a long con since they knew this day would come where Milbank raised again and DPW hoped that its silence would effectively keep the rest of the v10 and beyond silent as well beyond a handful of early movers...

Will DPW and co. really want to go into fall OCI competing with Milbank touting its "we pay more" policy? I'm sure DPW is used to winning almost all candidates with Milbank offers but the calculus will change if Milbank will pay more.

STOP NO ONE SAY IT WE CANNOT DO ANOTHER THREE PAGES OF THE "Is 10k a lot of money or does prestige get me wet?" GAME AGAIN.

Nope, we are going there since there's nothing else to talk about.

My take: the 10k for 1st years is missing a key point. Sure, maybe 10k as a first year is worth having DPW on your resume instead of Chadwalader. But if you're a 6th year, you already have that DPW stamp of approval and you're actually foregoing 20k instead of 10k.

Even if that is only like, 13k after tax ,that's still 1,300 lbs of lobster at the approx $10 per pound of lobster that google tells me is a normal price.

[tlsthrowaway1306]

I actually do agree that people are probably missing out on the impact of the marginal dollar increases. Each dollar more is another to invest/another that helps you get out of debt more quickly. Or that buys you another serving of lobster.

I will also say that I have an impression that things are cooling somewhat at my firm for the corp people. Lit is absolutely on fire though and putting up insane hours.

[Anonymous User]

I actually do agree that people are probably missing out on the impact of the marginal dollar increases. Each dollar more is another to invest/another that helps you get out of debt more quickly. Or that buys you another serving of lobster.

I will also say that I have an impression that things are cooling somewhat at my firm for the corp people. Lit is absolutely on fire though and putting up insane hours.

I am literally sending this while sitting in a bath tub day drinking scotch having billed 1.1 hours today. But I still want my lobster.

[Anonymous User]

I actually do agree that people are probably missing out on the impact of the marginal dollar increases. Each dollar more is another to invest/another that helps you get out of debt more quickly. Or that buys you another serving of lobster.

I will also say that I have an impression that things are cooling somewhat at my firm for the corp people. Lit is absolutely on fire though and putting up insane hours.

I am literally sending this while sitting in a bath tub day drinking scotch having billed 1.1 hours today. But I still want my lobster.

What is the POINT of a chill Friday soak without LOBSTER? And I bet with your non-market salary you only got BLENDED Scotch, or at best 12-YEAR-OLD SINGLE-MALT from some lame SPEYSIDE distillery while Chadwalader associates are downing bottle after bottle of 30-YEAR OLD ISLAY MALTS.