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

[Monochromatic Oeuvre]

This rampant pessimism makes sense given the current climate but it's counterproductive. Let's set a hard date upon which we will thereafter continue doing god's work instead of the mess this has become. I propose the day the Amlaw 100 drops because we will then have HARD EVIDENCE that firms are in fact CRUSHING IT in these troubling times.

See e.g. Amlaw 2012

[Tiago Splitter]

This rampant pessimism makes sense given the current climate but it's counterproductive. Let's set a hard date upon which we will thereafter continue doing god's work instead of the mess this has become. I propose the day the Amlaw 100 drops because we will then have HARD EVIDENCE that firms are in fact CRUSHING IT in these troubling times.

This thread started in July of last year, which based on results was clearly not early enough. I think it's really just a matter of getting the message out sooner, because the facts are obviously on the side of 190.

[kcdc1]

This rampant pessimism makes sense given the current climate but it's counterproductive.

Let's not give cover to the denialists. Their position is unreasonable, and they need to join our ranks as true believers or be left behind scrounging for change on the subway trying to make ends meet on their measly 160k salaries.

[WestOfTheRest]

Early amlaw results show that firms absolutely crushed 2015. The impact of a raise would actually be rather minimal.

[TLSModBot]

As the Philly and Wilmington (and, I hear, the up and coming St. Louis) markets start paying 160K, top graduates will flock there for the low billable requirements and more affordable lifestyles.

NY, LA, SF, and DC (Chicago can't keep up - it'll fall back to the second tier where it rightly belongs) will have to up their game and offer new associates more. Because of their high leverage, the big firm can't lower billables so they have to increase pay.

I BELIEVE

[Tls2016]

Early amlaw results show that firms absolutely crushed 2015. The impact of a raise would actually be rather minimal.

They crushed 2015 but didn't raise bonuses?

[Monochromatic Oeuvre]

Early amlaw results show that firms absolutely crushed 2015. The impact of a raise would actually be rather minimal.

They crushed 2015 but didn't raise bonuses?

It's almost as if...nah, it couldn't be.

[jkpolk]

I believe.

[jkpolk]

Pipe dream: all associates at (name your favorite v20) vote 1 for "firm's compensation" on the vault survey while all other associates vote 10. Firm looks so bad that it has to reactively raise comp to get any recruits.

Why doesn't everyone just select that everyone's firm comp is awful?

Scooped on the prestige whore explanation.

People think that the benefit of a marginally stronger firm brand outweighs the marginally better chance to earn a higher salary.

I think it's dumb but it's consistent with the "striver who wants to placate his bosses" shtick.

[TLSModBot]

WOO FUCK YEAH RIDE THIS GRAVY TRAIN STRAIGHT TO THE BANK

[Tls2016]

Early amlaw results show that firms absolutely crushed 2015. The impact of a raise would actually be rather minimal.

They crushed 2015 but didn't raise bonuses?

It's almost as if...nah, it couldn't be.

I was doubting that firms actually crushed it in 2015, probably phrased it poorly.

[Anonymous User]

to the partners reading this... an extra 20k would mean the world to me. Please.

[jingosaur]

to the partners reading this... an extra 20k would mean the world to me. Please.

Don't beg. You are entitled to this extra compensation.

[TLSModBot]

to the partners reading this... an extra 20k would mean the world to me. Please.

Also don't undercut the movement by settling for a paltry 180K. What the hell is wrong with you

[Anonymous User]

to the partners reading this... an extra 20k would mean the world to me. Please.

Also don't undercut the movement by settling for a paltry 180K. What the hell is wrong with you

after taxes 20k

[rpupkin]

to the partners reading this... an extra 20k would mean the world to me. Please. be a step in the right direction, but still insufficient to prevent me from moving in-house, lateraling to a law firm in affordable Atlanta, and/or leaving the profession altogether.

[Johann]

Early amlaw results show that firms absolutely crushed 2015. The impact of a raise would actually be rather minimal.

They crushed 2015 but didn't raise bonuses?

It's almost as if...nah, it couldn't be.

I was doubting that firms actually crushed it in 2015, probably phrased it poorly.

they didnt.

[Anonymous User]

goodwin procter partner at CLS reception this week told folks that the firm had budgeted for an increase in salary to 175k but no firm took the lead and thus no increase this yr.

[WestOfTheRest]

Early amlaw results show that firms absolutely crushed 2015. The impact of a raise would actually be rather minimal.

They crushed 2015 but didn't raise bonuses?

It's almost as if...nah, it couldn't be.

I was doubting that firms actually crushed it in 2015, probably phrased it poorly.

they didnt.

Right....says your oh so compelling evidence (http://www.americanlawyer.com/search-re ... 08&x=0&y=0).

[Johann]

Early amlaw results show that firms absolutely crushed 2015. The impact of a raise would actually be rather minimal.

They crushed 2015 but didn't raise bonuses?

It's almost as if...nah, it couldn't be.

I was doubting that firms actually crushed it in 2015, probably phrased it poorly.

they didnt.

Right....says your oh so compelling evidence (http://www.americanlawyer.com/search-re ... 08&x=0&y=0).

looks like a mixed bag. but looking at the entire year isnt really that helpful when a disproportionate amount was earned before august.

[WestOfTheRest]

looks like a mixed bag. but looking at the entire year isnt really that helpful when a disproportionate amount was earned before august.

If by "mixed bag" you mean that only 5 out of the 18 firms reporting in those search results have had "bad" years, then fine.

As to your second point, I said "crushed 2015," which, last time I checked, includes the period before August.

[Johann]

looks like a mixed bag. but looking at the entire year isnt really that helpful when a disproportionate amount was earned before august.

If by "mixed bag" you mean that only 5 out of the 18 firms reporting in those search results have had "bad" years, then fine.

As to your second point, I said "crushed 2015," which, last time I checked, includes the period before August.

but you realize how sucking at the end of 2015 is all that matters to dampen the pay/bonus discussion. tons of the money is drained out of the partnership every quarter for the most part. everyone at firms knows that 2015 was worse than 2014 and after aug was the slowest its been since like 2012. plus texas is collapsing. there's about to be hundreds of new experienced associates sucking dick for NYC jobs. pay raises or bigger bonuses aint happening for the next 2 years.

[WestOfTheRest]

tons of the money is drained out of the partnership every quarter for the most part. everyone at firms knows that 2015 was worse than 2014 and after aug was the slowest its been since like 2012.

I agree with, or at least feel no need to argue with, most of your message. However, this part just makes no sense. What does the money being drained out of the partnership have to do with how good 2015 was? And, if the numbers state that 2015 was better than 2014, then what are you basing this on?

[Johann]

tons of the money is drained out of the partnership every quarter for the most part. everyone at firms knows that 2015 was worse than 2014 and after aug was the slowest its been since like 2012.

I agree with, or at least feel no need to argue with, most of your message. However, this part just makes no sense. What does the money being drained out of the partnership have to do with how good 2015 was? And, if the numbers state that 2015 was better than 2014, then what are you basing this on?

I apologize. I didn't know you were making claims that 2015 was better than 2014 in a vacuum rather than trying to contextualiZe the NYC to 190 movement in the NYC to 190 thread. We are in agreement of you agree that a salary raise or increased bonuses are not around the corner.

[kcdc1]

goodwin procter partner at CLS reception this week told folks that the firm had budgeted for an increase in salary to 175k but no firm took the lead and thus no increase this yr.

We've got them right where we want them. A veritable Hindenburg of cash....now all we need is someone to light a match.