NY to 200k?! Forum

[ExpOriental]

Kind of a half-assed raise from DPW. They could easily go further. I perceive this as them trying to hijack the narrative without really having to shell out for it. I'm not complaining, though.

[Anonymous User]

Odds that Cravath will come slightly over new DPW scale to flex and reclaim “compensation leader” status?

[AureliusCapital]

205 is just sitting there for a firm to use to set the market.

[Anonymous User]

Cravath,

It's time for you to reassert yourself. NY to 210k pls.

My (very optimistic) hope is:

2021 215k
2020 225k
2019 240k
2018 275k
2017 310k
2016 340k
2015 375k
2014 410k
2013 450k
2012 + 475k

[Anonymous User]

Will Kirkland match?

[Ultramar vistas]

Will Kirkland match?

No, Kirkland will shock the legal world by declining to match market, voluntarily giving up its spot in the vault rankings and becoming an accountancy firm.

Jesus H.

[Anonymous User]

Confused about DPW’s 202.5. Is that for stubs starting this fall?

[Anonymous User]

205 is just sitting there for a firm to use to set the market.

It's hilarious/strange that DPW didn't just claim 205k. Their 202.5k presumably only applies to stub years during their actual stub year, right? And then the stubs get upped to 205k after their first few months? It's almost begging to be one-upped. I almost feel like I must be misinterpreting it.

[Anonymous User]

Confused about DPW’s 202.5. Is that for stubs starting this fall?

Stub and first year. Agree the 2500 re-raise is weird...like why even do it. I guess they did't want to raise very class BUT first years.

EDIT was wrong nvm. Why bother differentiating stub year???

[showusyourtorts]

Will Kirkland match?

No, Kirkland will shock the legal world by declining to match market, voluntarily giving up its spot in the vault rankings and becoming an accountancy firm.

Jesus H.

I thought this question was so insane that I considered interpreting it as "Will Kirkland match, or will they raise?".

[Anonymous User]

Can the law firms put their best offer on the table instead of raising against one another lol

[ConfusedNYer]

Just as a break down for the DPW Scale, because it was confusing me:

Stub Year = +$12.5k
1-2nd Year = +$15k
3-4th Year = +$20k
5th year up = +$25k

(I think, someone may want to check the math. This is why the bump for 2017 seems weirdly low compared to the classes around it.)

My theory on the stub year differentiation is: you can implement that now even though the monetary benefit is minimal to establish that stub years are paid less, and then let the gulf grow over the next series of raises over the next decade and increase the savings (which I think makes sense, I dunno).

[cornerstone]

My theory on the stub year differentiation is: you can implement that now even though the monetary benefit is minimal to establish that stub years are paid less, and then let the gulf grow over the next series of raises over the next decade and increase the savings (which I think makes sense, I dunno).

Yes, that's a plausible explanation, but it still looks cheap. If the stubs work the last 3 months then we're literally only talking about saving $625/stub. It just seems odd that DPW would make waves for that small amount of cash.

[Anonymous User]

Anybody remember when the Cravath leadership team meets? I have some bets to place.

[Anonymous User]

Anybody remember when the Cravath leadership team meets? I have some bets to place.

I believe they meet every Monday at lunch.

[Anonymous User]

So just to get this straight, if someone asks me what my starting salary is, I have to say 202.5k? lol. Hope Cravath/S&C raises it to at least 205k, soon.

[Anonymous User]

So just to get this straight, if someone asks me what my starting salary is, I have to say 202.5k? lol. Hope Cravath/S&C raises it to at least 205k, soon.

Or you could just...politely decline to answer that inappropriate question

[Anonymous User]

So just to get this straight, if someone asks me what my starting salary is, I have to say 202.5k? lol. Hope Cravath/S&C raises it to at least 205k, soon.

Or you could just...politely decline to answer that inappropriate question

Get that shit outta here. Salary should not be taboo.

[Stevenmilbe]

Just as a break down for the DPW Scale, because it was confusing me:

Username checks out

[Anonymous User]

Stub: 202.5 (190, +12.5k)
First: 205 (190, +15k)
Second: 215 (200, +15k)
Third: 240 (220, +20k)
Fourth: 275 (255, +20k)
Fifth: 305 (280, +25k)
Sixth: 330 (305, +25k)
Seventh: 350 (325, +25k)
Eighth: 365 (340, +25k)

[Anonymous User]

lollll do i renege from my in house offer that i accepted? DPW dropped a spicy meatball.

[Anonymous User]

Very unsatisfied with that $5k raise for the class of 2017. Firms are hemorrhaging fourth years just as much as fifth years.

[Anonymous User]

So just to get this straight, if someone asks me what my starting salary is, I have to say 202.5k? lol. Hope Cravath/S&C raises it to at least 205k, soon.

Or you could just...politely decline to answer that inappropriate question

Get that shit outta here. Salary should not be taboo.

It's one thing to talk about salary amongst co-workers to make sure you're all being compensated fairly, it's another to just talk about your salary to flex on people (which is the only real reason I can think of to talk about your biglaw salary unless you're at like Jones Day or talking to a recruiter).

[lolwutpar]

So just to get this straight, if someone asks me what my starting salary is, I have to say 202.5k? lol. Hope Cravath/S&C raises it to at least 205k, soon.

Or you could just...politely decline to answer that inappropriate question

lol who gives a shit, especially in biglaw. It's readily available from a quick google search.

[Anonymous User]

DPW just raised to 205.

Confirmed.

202.5
205
215
240
275
305
330
350
365

Poor class of 2017 only getting a $5k bump from Milbank while the surrounding classes of 2018 and 2016 get $10k above Milbank.

Forreals. Davis Polk giving a giant middle finger to the fourth years that they’re going to start billing out as fifth years July 1.