NYC to 200k Forum

[Anonymous User]

Incoming Associate at a V5 that hasn’t matched yet.

Is there a consensus on why it’s taking so long for firms like Skadden, DPW, S&C (etc.) to at least match the salary increases of Cravath & Simpson? I assumed the partnerships would be thrilled it wasn’t $200K out of Cravath, and then match in short order.

There’s no way those firms go into OCI while direct competitors are paying $10K more a year for incoming talent... right? (TLDR: Tell me I’m not crazy and that a raise is coming)

Have you even been following this thread?

The whole point of this question was to announce the bolded without adding anything to the discussion.

Oh sorry, I forgot preftige gives you an excuse for ignorance. Carry on with your questions asked and answered. I'll save my objections.

[NotSkadden]

"Equities in Dallas!!"

I read this the first time as Equal Dignities. I hate bar prep.

[Anonymous User]

PW matched Cravath scale plus bonus

Why is there no memo? I was told there would be a memo...

[Anonymous User]

Rising 2L from HYS here: from talking to a bunch of other rising 2Ls after a firm reception in NY earlier this week, the non-matching firms are slowly but surely lowering themselves in the eyes of biglaw-aspiring students creating their bidlists.

FYI, V5!

[Anonymous User]

Rising 2L from HYS here: from talking to a bunch of other rising 2Ls after a firm reception in NY earlier this week, the non-matching firms are slowly but surely lowering themselves in the eyes of biglaw-aspiring students creating their bidlists.

FYI, V5!

I'd roll my eyes at you but I'm laughing too hard.

[Anonymous User]

Rising 2L from HYS here: from talking to a bunch of other rising 2Ls after a firm reception in NY earlier this week, the non-matching firms are slowly but surely lowering themselves in the eyes of biglaw-aspiring students creating their bidlists.

FYI, V5!

Did you mean HY/CS?

[Anonymous User]

Rising 2L from HYS here: from talking to a bunch of other rising 2Ls after a firm reception in NY earlier this week, the non-matching firms are slowly but surely lowering themselves in the eyes of biglaw-aspiring students creating their bidlists.

FYI, V5!

I'd roll my eyes at you but I'm laughing too hard.

Why? I work at Cleary and there’s genuine concern here that the new Vault rankings are hurtful to the firm’s ability to attract the best talent from the most elite law schools. This year, we have an unusual amount of kids from unprestigious schools (MVPB on down) that the partner and clients find revolting. Cleary better match ASAP.

And oh ya, I’m a Yale and Columbia grad.

[Anonymous User]

Rising 2L from HYS here: from talking to a bunch of other rising 2Ls after a firm reception in NY earlier this week, the non-matching firms are slowly but surely lowering themselves in the eyes of biglaw-aspiring students creating their bidlists.

FYI, V5!

I'd roll my eyes at you but I'm laughing too hard.

Why? I work at Cleary and there’s genuine concern here that the new Vault rankings are hurtful to the firm’s ability to attract the best talent from the most elite law schools. This year, we have an unusual amount of kids from unprestigious schools (MVPB on down) that the partner and clients find revolting. Cleary better match ASAP.

And oh ya, I’m a Yale and Columbia grad.

180

[Anonymous User]

https://abovethelaw.com/2018/06/paul-we ... statement/

[Anonymous User]

https://abovethelaw.com/2018/06/paul-we ... statement/

Very curious now as to whether Milbank, Jones Day, Proskauer, & Winston will match the new scale with more compensation for seniors and summer bonuses. If not, seems like there are now two salary scales out there.

[minnbills]

Why? I work at Cleary and there’s genuine concern here that the new Vault rankings are hurtful to the firm’s ability to attract the best talent from the most elite law schools. This year, we have an unusual amount of kids from unprestigious schools (MVPB on down) that the partner and clients find revolting. Cleary better match ASAP.

And oh ya, I’m a Yale and Columbia grad.

Ugh you guys are the worst

[Anonymous User]

https://abovethelaw.com/2018/06/paul-we ... statement/

Very curious now as to whether Milbank, Jones Day, Proskauer, & Winston will match the new scale with more compensation for seniors and summer bonuses. If not, seems like there are now two salary scales out there.

Jones Day? Lol.

[rahulg91]

https://abovethelaw.com/2018/06/paul-we ... statement/

Very curious now as to whether Milbank, Jones Day, Proskauer, & Winston will match the new scale with more compensation for seniors and summer bonuses. If not, seems like there are now two salary scales out there.

Jones Day? Lol.

I'm sure Milbank, Proskauer, and Winston will match Cravath once the dust has settled.

Lol @ Jones Day TTT firm will do TTT things.

[Anonymous User]

https://abovethelaw.com/2018/06/paul-we ... statement/

Very curious now as to whether Milbank, Jones Day, Proskauer, & Winston will match the new scale with more compensation for seniors and summer bonuses. If not, seems like there are now two salary scales out there.

Jones Day? Lol.

Jones Day already doesn't pay bonuses and screws their midlevels; this doesn't change anything for them

[Anonymous User]

Now we have the special summer bonus, wonder if the year-end bonus would stay the same for a fourth (?) consecutive year as a result. Sad or us incoming first-years.

[Anonymous User]

https://abovethelaw.com/2018/06/paul-we ... statement/

Very curious now as to whether Milbank, Jones Day, Proskauer, & Winston will match the new scale with more compensation for seniors and summer bonuses. If not, seems like there are now two salary scales out there.

And also, S&C could go back to the $160k scale, and then we would seem to have three out there!

[Anonymous User]

PW memo: "We also are raising the base salary for members of the Class of 2018..."

Love to PW as the only firm that didn't leave us out

[Anonymous User]

PW memo: "We also are raising the base salary for members of the Class of 2018..."

Love to PW as the only firm that didn't leave us out

I hope this is a joke.
Guys, please correct me if I am wrong but salary raises effective July 1st means class of 2018 is included right?

[Anonymous User]

PW memo: "We also are raising the base salary for members of the Class of 2018..."

Love to PW as the only firm that didn't leave us out

I hope this is a joke.
Guys, please correct me if I am wrong but salary raises effective July 1st means class of 2018 is included right?

only for grads from top schools (yale and columbia). everyone else will remain at middle class salaries.

[Anonymous User]

PW memo: "We also are raising the base salary for members of the Class of 2018..."

Love to PW as the only firm that didn't leave us out

I hope this is a joke.
Guys, please correct me if I am wrong but salary raises effective July 1st means class of 2018 is included right?

only for grads from top schools (yale and columbia). everyone else will remain at middle class salaries.

okay then I am fine

[Anonymous User]

PW memo: "We also are raising the base salary for members of the Class of 2018..."

Love to PW as the only firm that didn't leave us out

I hope this is a joke.
Guys, please correct me if I am wrong but salary raises effective July 1st means class of 2018 is included right?

only for grads from top schools (yale and columbia). everyone else will remain at middle class salaries.

okay than I am fine

[Anonymous User]

PW memo: "We also are raising the base salary for members of the Class of 2018..."

Love to PW as the only firm that didn't leave us out

I hope this is a joke.
Guys, please correct me if I am wrong but salary raises effective July 1st means class of 2018 is included right?

only for grads from top schools (yale and columbia). everyone else will remain at middle class salaries.

okay than I am fine

No, you are not....

*then

[Anonymous User]

PW memo: "We also are raising the base salary for members of the Class of 2018..."

Love to PW as the only firm that didn't leave us out

I hope this is a joke.
Guys, please correct me if I am wrong but salary raises effective July 1st means class of 2018 is included right?

only for grads from top schools (yale and columbia). everyone else will remain at middle class salaries.

okay than I am fine

No, you are not....

*then

[Anonymous User]

Just received an email:

To All Associates,

Based upon review of your performance over the last review period, and in consultation with the departmental advisory committee, I write to inform you that you will not receive a salary increase this year. As noted in prior discussions, we will continue to work towards improved performance over the next year.

Regards,


xxxx
DEPARTMENT CHAIR

[Anonymous User]

Just received an email:

To All Associates,

Based upon review of your performance over the last review period, and in consultation with the departmental advisory committee, I write to inform you that you will not receive a salary increase this year. As noted in prior discussions, we will continue to work towards improved performance over the next year.

Regards,


xxxx
DEPARTMENT CHAIR

No. You didn't. Get back under your bridge.