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

[Pokemon]

So new V10 to include holland and knight and the Delaware 4 as a reward for their actions this year?

[El Pollito]

Kirkland actually does pay better than peer firms (if you include bonus), so it's probably not the best firm to target if we want to send a message re: compensation. Cravath?

Def Cravath. They used to be the market leader in pushing for higher comp so maybe losing some Vault points will help prompt them out of stagnation.

S&C people's lives are miserable enough as is.

yeah i just feel bad for people at S&C

[Anonymous User]

I'm just hoping we can get White&Case into the V15 so my parents will be proud of me again.

[smaug]

among my classmates at least, I think tanking DPW would cause the most wailing and gnashing of teeth

Agreed.

[rpupkin]

I'm just hoping we can get White&Case into the V15 so my parents will be proud of me again.

White & Case makes more sense as a V55. Your parents can be proud of you for your scrappiness--it takes pride and guts to be successful at a TTT law firm like White & Case.

[Aeon]

This thread has been going on since July of last year and exceeds 80 pages. Hope springs eternal.

That said, it never ceases to amaze me that base salaries have stagnated for a decade. Although with the legal market softening this year, and with endless law students beating down the doors for BigLaw jobs, what incentive do firms have for increasing salaries?

[mvp99]

This thread has been going on since July of last year and exceeds 80 pages. Hope springs eternal.

That said, it never ceases to amaze me that base salaries have stagnated for a decade. Although with the legal market softening this year, and with endless law students beating down the doors for BigLaw jobs, what incentive do firms have for increasing salaries?

Get out.

[Aeon]

This thread has been going on since July of last year and exceeds 80 pages. Hope springs eternal.

That said, it never ceases to amaze me that base salaries have stagnated for a decade. Although with the legal market softening this year, and with endless law students beating down the doors for BigLaw jobs, what incentive do firms have for increasing salaries?

Get out.

Set your expectations low, and you'll never be disappointed.

It would be great if base salaries were increased. People are graduating with ever-increasing debt loads, and COL continues to increase dramatically, especially in places like NYC (not to mention inflation generally). Bonuses have been doing some of the work in increasing people's effective compensation, yet they are too variable to be relied upon consistently. But there are some serious structural problems with BigLaw, so it's anyone's guess about what will happen with associate salaries.

[El Pollito]

I'm just hoping we can get White&Case into the V15 so my parents will be proud of me again.

the CREAM

[RaceJudicata]

This thread has been going on since July of last year and exceeds 80 pages. Hope springs eternal.

That said, it never ceases to amaze me that base salaries have stagnated for a decade. Although with the legal market softening this year, and with endless law students beating down the doors for BigLaw jobs, what incentive do firms have for increasing salaries?

Get out.

Set your expectations low, and you'll never be disappointed.

"The Key to Happiness is low expectations" ...and my low expectation is right around $190k

[Anonymous User]

.

[Alive97]

http://www.nytimes.com/2016/04/04/busin ... .html?_r=0

so Paul, Weiss?

This shortly follows Cravath's data breach, which would seem highly pertinent to the M&A group. Coincidence?

[jbagelboy]

http://www.nytimes.com/2016/04/04/busin ... .html?_r=0

so Paul, Weiss?

This shortly follows Cravath's data breach, which would seem highly pertinent to the M&A group. Coincidence?

probably. I doubt there's causation there

[Mr. Peanutbutter]

http://abovethelaw.com/2016/04/associat ... real-life/

[Anonymous User]

.

[kcdc1]

Focus, colleagues, focus.

Operation Vault Chaos:

(1) Tank Cravath to V50
(2) Boost firm that raised pay to 160k in secondary market into V5
(3) ?????
(4) Profit

What is our consensus firm for step (2)?

[SweetrollStealer]

http://www.nytimes.com/2016/04/04/busin ... .html?_r=0

so Paul, Weiss?

This shortly follows Cravath's data breach, which would seem highly pertinent to the M&A group. Coincidence?

probably. I doubt there's causation there

I have it on rampant speculation good authority that Scott Barshay was ousted for his tyrannical opposition to raising first year associate salaries to $190k.

[Anonymous User]

cheater of the cartel pricing

[TheHill5]

http://abovethelaw.com/2016/04/associat ... real-life/

FAM, a 10K bonus in Cali means that they took home like 2,200 or so.

[Anonymous User]

http://abovethelaw.com/2016/04/ca-to-19 ... -salaries/

[rpupkin]

http://abovethelaw.com/2016/04/ca-to-19 ... -salaries/

Nice. Perhaps if Paul, Weiss decreased its size from 900 to 8 attorneys, it would start paying first-years at $190K.

[Tiago Splitter]

http://abovethelaw.com/2016/04/ca-to-19 ... -salaries/

Nice. Perhaps if Paul, Weiss decreased its size from 900 to 8 attorneys, it would start paying first-years at $190K.

TBF Gunderson was pretty tiny when it moved the market to 125k. Don't remember how tiny so I'll assume it was also 8 lawyers. Buckle up folks.

[BigZuck]

Lunar Dove? That name is far too silly for a law firm that is expected to move the market.

Nothing to see here, unfortunately. Let me know when Payne & Fears goes to 190K and then we'll talk.

[Tiago Splitter]

They're only that small because they paid just 160 and no one had heard of them so they chose more familiar options for the same pay. But now? 190k --> DROVES --> NYC to 190k

[rpupkin]

They're only that small because they paid just 160 and no one had heard of them so they chose more familiar options for the same pay. But now? 190k --> DROVES --> NYC to 190k

Indeed. Graduates will be coming in DROVES to DOVE.

Call me crazy, but I can even see the firm DOUBLING its associate headcount—from two to four.