NYC to 200k Forum

[Anonymous User]

Cahill match on Cravath scale and summer bonus.

[Anonymous User]

Official prediction: Latham matches today.

I would be surprised if Latham moved fast enough to match today. No doubt they will, but I would expect it to be mid next week before they do.

Latham is already super slow with bonuses/raises (took almost 2 weeks in 2016 to move to 180) and Latham has not replaced its chairperson yet after Bill Voge's resignation.

That's false. Cravath went to 180 on June 6, 2016. https://abovethelaw.com/2016/06/breakin ... alaries/2/ Latham matched on June 9, 2016. https://abovethelaw.com/2016/06/earths- ... rldwide/2/

[Right2BearArms]

Official prediction: Latham matches today.

I would be surprised if Latham moved fast enough to match today. No doubt they will, but I would expect it to be mid next week before they do.

Latham is already super slow with bonuses/raises (took almost 2 weeks in 2016 to move to 180) and Latham has not replaced its chairperson yet after Bill Voge's resignation.

That's false. Cravath went to 180 on June 6, 2016. https://abovethelaw.com/2016/06/breakin ... alaries/2/ Latham matched on June 9, 2016. https://abovethelaw.com/2016/06/earths- ... rldwide/2/

Hmmm. Seemed longer than that.

Latham is still slow with bonuses.

[Anonymous User]

Any chance Haynes Boone matches?

When VE and BB match, HB will match too

Not sure about this one. VE & BB seem to be higher tier firms for consistently being No. 1/2 in Texas. I could be wrong, though.

[Anonymous User]

You heard it here first folks. These raises will cause you to die.

https://abovethelaw.com/2018/06/mo-money-mo-problems-2/

[Anonymous User]

You heard it here first folks. These raises will cause you to die.

https://abovethelaw.com/2018/06/mo-money-mo-problems-2/

Written by the managing partner of an NLJ250 firm that doesn't pay market. Shocking.

[Anonymous User]

You heard it here first folks. These raises will cause you to die.

https://abovethelaw.com/2018/06/mo-money-mo-problems-2/

What an absolute cock, good god.

Thank you, all knowing tech bro, for letting me know that what I need is not money, but positivity and team-building exercises.

[Anonymous User]

You heard it here first folks. These raises will cause you to die.

https://abovethelaw.com/2018/06/mo-money-mo-problems-2/

Written by the managing partner of an NLJ250 firm that doesn't pay market. Shocking.

He’s not cheap. He’s mercifully sparing his treasured associates from a serious health issue. This is life or death folks.

[Anonymous User]

Anybody have a sense of what the likelihood of matching is for the big Philly firms (Morgan Lewis and Dechert specifically)?

[Anonymous User]

Goodwin just matched Cravath for all US offices.

[eng2jd]

Any chance Haynes Boone matches?

When VE and BB match, HB will match too

Not sure about this one. VE & BB seem to be higher tier firms for consistently being No. 1/2 in Texas. I could be wrong, though.

V&E and BB are definitely set above the rest of Texas biglaw, but I can't imagine the firms that are just slightly under them, HB being one of them, wouldn't match.

[OneTwoThreeFour]

You heard it here first folks. These raises will cause you to die.

https://abovethelaw.com/2018/06/mo-money-mo-problems-2/

What an absolute cock, good god.

Thank you, all knowing tech bro, for letting me know that what I need is not money, but positivity and team-building exercises.

Yeah, that author is an absolute piece of shit.

[Anonymous User]

Odds that BB and V&E in Houston match?

100%, given that K&E matched and so will Latham.

Thoughts on GDC/Orrick/Bracewell Houston matching?

GDC will, Orrick probably. Not sure Bracewell will match all the way up. Not sure they pay market through 8th year now, but I don't know anyone over there well enough to ask anymore.

How come? Do you think it will be across all offices?

What do you mean by "how come?"

GDC will likely match all offices. I think they do already (not 100% sure on some of the smaller markets, i.e. Denver though). The others I don't know well enough to give a good opinion.

GDC compensation is the same across all US offices, although they've tried before to not do that. The only difference right now is that the NY office doesn't have an hours requirement for bonuses, but also doesn't get a bump for higher hours either.

[Anonymous User]

Ropes match with a fail-safe in case someone decides to SHATTER THE MARKET.

We are pleased to announce that base salaries for our partnership-track associates on the US scale, including summer associates, will be adjusted effective July 1, 2018 in line with the most recent market changes. We will also pay summer bonuses this year to associates on the US scale and in good standing, again in line with market. Bonuses will be paid on July 13, 2018, and will be prorated for associates on reduced-time arrangements or who started with us after the beginning of the year.

As has been the case historically, our career attorneys and other associates and counsel will continue to be compensated on a non-formulaic basis in accordance with a number of factors, including prevailing market compensation practices and performance.

On behalf of the entire partnership, we want to thank all of you for your hard work and dedication. It is a privilege to work with such an extraordinary group of professionals.

[Anonymous User]

Seems like today is the day for a lot of firms to join the party.

[Anonymous User]

Odds that BB and V&E in Houston match?

100%, given that K&E matched and so will Latham.

Thoughts on GDC/Orrick/Bracewell Houston matching?

GDC will, Orrick probably. Not sure Bracewell will match all the way up. Not sure they pay market through 8th year now, but I don't know anyone over there well enough to ask anymore.

How come? Do you think it will be across all offices?

What do you mean by "how come?"

GDC will likely match all offices. I think they do already (not 100% sure on some of the smaller markets, i.e. Denver though). The others I don't know well enough to give a good opinion.

GDC compensation is the same across all US offices, although they've tried before to not do that. The only difference right now is that the NY office doesn't have an hours requirement for bonuses, but also doesn't get a bump for higher hours either.

No GDC office has an hours requirement for bonuses (1950 is unofficial). Maybe you're more likely to get a bonus with fewer than 1950 hours in the NY office (I have no insight into that, but if it were the case, it would be case by case).

[Anonymous User]

Did Goodwin match bonuses

[Anonymous User]

GDC compensation is the same across all US offices, although they've tried before to not do that. The only difference right now is that the NY office doesn't have an hours requirement for bonuses, but also doesn't get a bump for higher hours either.

No GDC office has an hours requirement for bonuses (1950 is unofficial). Maybe you're more likely to get a bonus with fewer than 1950 hours in the NY office (I have no insight into that, but if it were the case, it would be case by case).

NY office you get a full bonus no matter what. Other offices you're *very* likely to get a half bonus if you don't hit 1950. You will definitely get a full bonus if you hit 1950, even if half of that is pro bono. Other offices you also get bumps for "better work" (i.e. you bill a lot more than 1950, like 2300).

[Emma.]

Did Goodwin match bonuses

[Anonymous User]

Did Goodwin match bonuses

Yes.

[Emma.]

Did Goodwin match bonuses

Yes.

NICE

[Anonymous User]

You heard it here first folks. These raises will cause you to die.

https://abovethelaw.com/2018/06/mo-money-mo-problems-2/

L-O-fucking-L

[Anonymous User]

The firms keep saying they're giving bonuses to associates "in good standing." Can anyone shed light on what that means?

[Anonymous User]

The firms keep saying they're giving bonuses to associates "in good standing." Can anyone shed light on what that means?

Generally means you're not about to be fired.

[Anonymous User]

from godwin

For this special bonus only, we will use an 1,850 hours threshold and will look at whether you have achieved this target based on your annualized hours for fiscal year 2018 through May 31, 2018. These bonuses will be subject to proration based on start date, part-time and leave arrangements.