I've heard some firms will just not give you a raise if you don't hit hours or some black box calculation. Apparently Bingham does something like that. You find out if you get a raise in like March. They backpay til Jan though.mmelittlechicken wrote:what?Desert Fox wrote:I agree with this, and a lot of the lower V100 aren't truly paying market anyway or find tricks to work around it like not promoting people class years if they dont hit hours.Pulsar wrote:Even if some firms bump salaries in a year or two, I wouldn't expect all of them to follow this time. Run-of-the-mill vault firms with PPP of $1M or less can't just increase associate comp by 15% without really feeling it. Any move by the V5-ish might percolate down to a couple dozen firms and affect compensation at the elite boutiques they compete with for talent, but I wouldn't be surprised if salary stays in stasis for quite awhile for the rest of biglaw.
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Desert Fox
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Re: We a breaking records! But unfortunately ITE, no bonus +
Last edited by Desert Fox on Sat Jan 27, 2018 5:47 am, edited 1 time in total.
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Anonymous User
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Re: We a breaking records! But unfortunately ITE, no bonus +
Womp. Poor associates at Bingham.Desert Fox wrote:I've heard some firms will just not give you a raise if you don't hit hours or some black box calculation. Apparently Bingham does something like that. You find out if you get a raise in like March. They backpay til Jan though.mmelittlechicken wrote:what?Desert Fox wrote:I agree with this, and a lot of the lower V100 aren't truly paying market anyway or find tricks to work around it like not promoting people class years if they dont hit hours.Pulsar wrote:Even if some firms bump salaries in a year or two, I wouldn't expect all of them to follow this time. Run-of-the-mill vault firms with PPP of $1M or less can't just increase associate comp by 15% without really feeling it. Any move by the V5-ish might percolate down to a couple dozen firms and affect compensation at the elite boutiques they compete with for talent, but I wouldn't be surprised if salary stays in stasis for quite awhile for the rest of biglaw.
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dixiecupdrinking
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Re: We a breaking records! But unfortunately ITE, no bonus +
On the plus side, it's safe to say they won't have to worry about how they get paid by Bingham for much longer.Anonymous User wrote:Womp. Poor associates at Bingham.Desert Fox wrote:
I've heard some firms will just not give you a raise if you don't hit hours or some black box calculation. Apparently Bingham does something like that. You find out if you get a raise in like March. They backpay til Jan though.
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