Milbank/Davis Polk/Cravath Scale: NYC to 215-415k Forum

[Anonymous User]

This thread was better when we were talking about school prestige. Also S >>>>>>> Harvard UniversiTTTy, no cap

Why we even comparing Harvard to S when the only discussions it deserves are Chicago Columbia and NYU. H had never been much more selective than Uchi/CLS, and now their outcomes are also in the same tier with Uchi even having a slight edge. It’s clearly YS with an enormous gap with the rest of the schools at this point. It’s only the Harvard kids who wont shut up about “YSH”

Lmao at UChi having an "edge" in outcomes over H

Higher percentage of FC, higher number of SCOTUS clerks, which then led to careers academia. It’s more than an edge. Its a gap and the gap is vast and consistent.

[Anonymous User]

If I had to assign credit here, I’d give 90% to Milbank for boldly getting the ball rolling, and 10% to DPW for the long delayed & modest re-raise. Anyways, Milbank to V10.

[Anonymous User]

Kirkland match/true up, eff Mar 15

Anyway, to all you dummies who spent pages and pages insisting that the V10 wouldn’t match: told ya so. No fucking way would Kirkland ever NOT match.

[Anonymous User]

Kirkland match/true up, eff Mar 15

Anyway, to all you dummies who spent pages and pages insisting that the V10 wouldn’t match: told ya so. No fucking way would Kirkland ever NOT match.

Perfect reference

[Anonymous User]

Summer at nyc office of a firm ranked v80-v90. What are the odds that they match dpw?

[tlsthrowaway1306]

Do we need to change the thread title to "Three hundred ninety-six thousand five hundred"

Three hundred ninety-six thousand five hundred dollars.
Three hundred ninety-six thousand dollars per year.
Three hundred ninety-six thousand five hundred dollars.
How do you measure a career?
In late nights,
In mark-ups,
In redlines,
In cups of coffee.
In invites?
In zoom calls?
In crying?
In strife?
In, three hundred ninety-six thousand five hundred dollars.
How do you value a year of your life?

How about law?
[&c.]

Good, but doesn’t scan and you missed the rhyme scheme.

Suggested revisions.

[Anonymous User]

Debevoise match, plus c/o 2013+ earn $406.5k

[Anonymous User]

Kirkland match/true up, eff Mar 15

And with that (and a few other soon-to-be-matchers), the previous 70 pages of this thread acting like v10 firms were losing any preftige or sway whatsoever are null and void.

The real salary thread is the friends you made along the way.

[Anonymous User]

Debevoise matched DPW, adding class of 2013+ makes 406,500.

[Anonymous User]

Why do some firms (like Debevoise just did) have an extra class year (+) for higher levels of senior associates? Seems like the base salary for 2013+ should be the same across market firms, but as someone in this bucket I guess you have other incentives at that moment in your career.

[tlsthrowaway1306]

Why do some firms (like Debevoise just did) have an extra class year (+) for higher levels of senior associates? Seems like the base salary for 2013+ should be the same across market firms, but as someone in this bucket I guess you have other incentives at that moment in your career.

very senior folks tend to go “off scale” and there’s not consistency in how they’re treated

[lawstudent0070]

Time for Chadwalader to SHATTER the market with a re-raise. I predict the new CWT scale will be:

2021: 215,500
2020: 227,925
2019: 258,888
2018: 300,000 (except Charlotte office, which will go back down to 250,000)
2017: 342,042
2016: 350,501
2015: 392,000
2014+: One *million* dollars

[Anonymous User]

Time to shift gears to whether there will be special bonuses in 2022. It remains to be seen if there will be more work than necessary laterals again. My firm doesn’t seem to have experienced a massive exodus after bonuses were paid (or at least not massive when compared to the usual exodus). And who knows what the economy will look like in a few months.

I think I might take my true up next month and give notice after that. I doubt I’ll leave too much on the table by doing so.

[NoLongerALurker]

Do we need to change the thread title to "Three hundred ninety-six thousand five hundred"

Three hundred ninety-six thousand five hundred dollars.
Three hundred ninety-six thousand dollars per year.
Three hundred ninety-six thousand five hundred dollars.
How do you measure a career?
In late nights,
In mark-ups,
In redlines,
In cups of coffee.
In invites?
In zoom calls?
In crying?
In strife?
In, three hundred ninety-six thousand five hundred dollars.
How do you value a year of your life?

How about law?
[&c.]

Good, but doesn’t scan and you missed the rhyme scheme.

Suggested revisions.

Nice

[Anonymous User]

Time to shift gears to whether there will be special bonuses in 2022. It remains to be seen if there will be more work than necessary laterals again. My firm doesn’t seem to have experienced a massive exodus after bonuses were paid (or at least not massive when compared to the usual exodus). And who knows what the economy will look like in a few months.

I think I might take my true up next month and give notice after that. I doubt I’ll leave too much on the table by doing so.

Desmarais has already announced spring bonuses (in addition to a scale match and a true-up) ranging from $7,500 to $20,000.

[peoplearehungry]

Do we need to change the thread title to "Three hundred ninety-six thousand five hundred"

Three hundred ninety-six thousand five hundred dollars.
Three hundred ninety-six thousand dollars per year.
Three hundred ninety-six thousand five hundred dollars.
How do you measure a career?
In late nights,
In mark-ups,
In redlines,
In cups of coffee.
In invites?
In zoom calls?
In crying?
In strife?
In, three hundred ninety-six thousand five hundred dollars.
How do you value a year of your life?

How about law?
[&c.]

Good, but doesn’t scan and you missed the rhyme scheme.

Suggested revisions.

The best songwriters work in pairs - Rodgers & Hammerstein, Lennon & McCartney, Gamble & Huff, etc.

[Anonymous User]

Time to shift gears to whether there will be special bonuses in 2022. It remains to be seen if there will be more work than necessary laterals again. My firm doesn’t seem to have experienced a massive exodus after bonuses were paid (or at least not massive when compared to the usual exodus). And who knows what the economy will look like in a few months.

I think I might take my true up next month and give notice after that. I doubt I’ll leave too much on the table by doing so.

Desmarais has already announced spring bonuses (in addition to a scale match and a true-up) ranging from $7,500 to $20,000.

I wish Desmarais counted for market but it doesn't.

[Anonymous User]

Dechert matched

[Anonymous User]

Ropes matched

[Anonymous User]

Ropes matched Debevoise

[Anonymous User]

Time to shift gears to whether there will be special bonuses in 2022. It remains to be seen if there will be more work than necessary laterals again. My firm doesn’t seem to have experienced a massive exodus after bonuses were paid (or at least not massive when compared to the usual exodus). And who knows what the economy will look like in a few months.

I think I might take my true up next month and give notice after that. I doubt I’ll leave too much on the table by doing so.

Desmarais has already announced spring bonuses (in addition to a scale match and a true-up) ranging from $7,500 to $20,000.

I wish Desmarais counted for market but it doesn't.

Where is desmarais news. Also what's a true-up

[almostperfectt]

Time to shift gears to whether there will be special bonuses in 2022. It remains to be seen if there will be more work than necessary laterals again. My firm doesn’t seem to have experienced a massive exodus after bonuses were paid (or at least not massive when compared to the usual exodus). And who knows what the economy will look like in a few months.

I think I might take my true up next month and give notice after that. I doubt I’ll leave too much on the table by doing so.

Desmarais has already announced spring bonuses (in addition to a scale match and a true-up) ranging from $7,500 to $20,000.

I wish Desmarais counted for market but it doesn't.

Where is desmarais news. Also what's a true-up

Are you a law student?

True up is when they pay you more to make up for the months prior when the pay was lower. Also called gross up

[Anonymous User]

Summer at nyc office of a firm ranked v80-v90. What are the odds that they match dpw?

If your v80-v90 is Katten, Troutman, (maybe Mintz), Gunderson or Haynes Boone, almost 100%.

The rest, 0%.

[Anonymous User]

What does DPW have against C/O 2021? First 202.5 and now this

Not to rehash the thread about junior availability, but if I’m a junior, I’m now even more incentivized to wait to respond any weekend and late night items until 9-5 business hours and say “sorry, my current workload does not allow for me to help with this request.”

Cool, then that junior should get fired. He/she just got a 10-15k raise (on top of their class year bump) for doing nothing more than continuing to work. He'll/she'll now make 215-250k base and maybe ~300k all-in depending on how special bonuses shake out. To essentially check commas. Junior associate worth is entirely about availability and working long hours. You're not getting paid these sums because of your great heart surgery technique.

they aren't getting paid for "availability" they are getting paid because that is what the market demands. what's "market" isn't constant availability on the part of juniors

(Guy from Kirkland's Salt Lake City office.) In all seriousness, the "market" for most biglaw firms in most cities has built in an expectation that if I e-mail you as a 27 year old 2nd year at 11pm at night you'll respond with a "will do" not a "sorry, you've reached me after ordinary business hours." That's a major reason the pay is what it is in biglaw. We all acknowledge attrition is up but it isn't up so significantly that that fundamental piece of the model has changed.

Can you give some insight on what the culture is like in that office? I have heard one associate say they were on track to annualize for 3000 hours then I heard from two other associates that they work LESS than when they were at small local firms that they lateraled from. Some say Travis is taking it easy on the associates there to avoid the Kirkland sweatshop reputation but others say it’s because outside offices don’t think the associates are up to snuff. Would be down to PM. I have seriously considered a lateral move but have no idea what the real story is there.

[Anonymous User]

STB match. Effective retroactively to 1/1. 3/15 payroll.