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

[Anonymous User]

Skadden state of the firm on June 15th, reception to follow. This is either NY to 190 or Skadden to NO CHEESE.

[smaug]

There will be one plate of cheese.

The cheese is largely symbolic.

[TLSModBot]

Skadden state of the firm on June 15th, reception to follow. This is either NY to 190 or Skadden to NO CHEESE.

"Sorry guys, times are tough. Equity partners were barely able to achieve profits per partner growth over inflation; there just isn't enough to go around.

Good news, though, we got a slightly larger plate of cheese for y'all this time around."

[jbagelboy]

My bar stipend was taxed at over 40%. how is that even possible. Now I need to get a bar loan.

[wiz]

My bar stipend was taxed at over 40%. how is that even possible. Now I need to get a bar loan.

It's subject to an insanely high withholding rate since it's considered supplemental income. Kinda similar to how SAs are taxed as if they're making 160k of income instead of the 30-36k they actually make over the summer. It sucks, but you should get a lot of it back on your tax return (which obviously isn't helpful right now).

[rpupkin]

My bar stipend was taxed at over 40%. how is that even possible. Now I need to get a bar loan.

(instantly becomes Trump voter)

[jbagelboy]

My bar stipend was taxed at over 40%. how is that even possible. Now I need to get a bar loan.

It's subject to an insanely high withholding rate since it's considered supplemental income. Kinda similar to how SAs are taxed as if they're making 160k of income instead of the 30-36k they actually make over the summer. It sucks, but you should get a lot of it back on your tax return (which obviously isn't helpful right now).

Thanks. That makes sense. Fucks me on the bar loan interest tho.

My parents were like "didn't you save for this?" I'm like bitch please, I incurred major credit card debt just to make it through my last semester and I haven't had money in my checking account for months.

[jbagelboy]

My bar stipend was taxed at over 40%. how is that even possible. Now I need to get a bar loan.

(instantly becomes Trump voter)

I thought momentarily about making a joke like this, but held myself back because it doesn't really even land given that Trump has no real tax policy.

[Johann]

Skadden state of the firm on June 15th, reception to follow. This is either NY to 190 or Skadden to NO CHEESE.

"Sorry guys, times are tough. Equity partners were barely able to achieve profits per partner growth over inflation; there just isn't enough to go around.

Good news, though, we got a slightly larger plate of cheese bigass can of cheese whiz for you proles for y'all this time around."

[smaug]

I brought up NY to 190 when speaking with a partner at a social this week. He shook his head at me and said "don't hold your breath." Wish I had better news to report.

Unless you're at a market leader firm that doesn't mean a whole hell of a lot. Not everyone will move anyway.

There aren't really any market leader firms anymore.

[sublime]

..

[rpupkin]

I brought up NY to 190 when speaking with a partner at a social this week. He shook his head at me and said "don't hold your breath." Wish I had better news to report.

Unless you're at a market leader firm that doesn't mean a whole hell of a lot. Not everyone will move anyway.

There aren't really any market leader firms anymore.

But there COULD BE SOON!

sublime gets it

[nsideirish]

My bar stipend was taxed at over 40%. how is that even possible. Now I need to get a bar loan.

(instantly becomes Trump voter)

I thought momentarily about making a joke like this, but held myself back because it doesn't really even land given that Trump has no real tax policy.

Oh he has one....it just isn't very good/practicable. (http://www.taxpolicycenter.org/publicat ... -plan/full)

[cjw564]

I doubt 190k anytime soon, the country is due for another recession in the next few years.

Lol, recency bias.

If you look at most of the economic indicators, you would not be so comfortable.

If you're so smart, why aren't you short some index a massive amount?

I am shorting many industrial stocks.

[PeanutsNJam]

Save all your money and buy everything at the height of the next recession. start your own law firm in NYC. Pay incoming associates 190k.

[Anonymous User]

Hearing rumors of PW/cleary bumps to 190, can anyone confirm?

[BigZuck]

Hearing rumors of PW/cleary bumps to 190, can anyone confirm?

I haven't heard this yet but I LOVE a good scuttlebutt so keep me posted!

[Anonymous User]

Hearing rumors of PW/cleary bumps to 190, can anyone confirm?

I saw a screen shot of a text message confirming this.

[Mr. Peanutbutter]

NGL, I still check ATL every time.

[Anonymous User]

I saw a 6.7k paystub but not from one of those firms

[Anonymous User]

SAs at Cleary apparently got an email about a "10%" raise.

[kcdc1]

SAs at Cleary apparently got an email about a "10%" raise.

If I understand you correctly, you're saying that first years at Cleary were previously earning 173k?

[rpupkin]

SAs at Cleary apparently got an email about a "10%" raise.

Why was "10%" in quotes? Did Clearly mean it sarcastically? I guess it's better than putting scare quotes around "raise," but it still leaves me uneasy.

[smaug]

lmao

Did someone not figure out the diff between bimonthly and weekly pay or something?

No way it's either of these firms

[Pneumonia]

Did someone not figure out the diff between bimonthly and weekly pay or something?

It is for sure this.