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

[Anonymous User]

What's the precedent on how long it takes other firms to match? How long did it take in 2007 (for base)? How long did it take others to match bonuses?

[mu13ski]

Do Chicago firms match? If so, how long?

[Monochromatic Oeuvre]

Great news for the legal profession and the prospects of our accomplished graduates!

(adjusts tuition hike by 20 percentage points)

Keep talking shit about Seton Hall

[Mack.Hambleton]

Do Chicago firms match? If so, how long?

this

[Monochromatic Oeuvre]

What's the precedent on how long it takes other firms to match? How long did it take in 2007 (for base)? How long did it take others to match bonuses?

IIRC Cadwalader matched in literally like 20 minutes. The big boys matched pretty quick; most firms trickled in after a few weeks.

[wiz]

Stay strong and hold out for 190k, everybody.

[smaug]

How long til rest of v50 match?

In a dark way I'm interested in seeing who won't match. This could be the point where segmentation in the top-tier of firms is finally and concretely reflected in salaries: the firms who are doing well and can afford this jump vs. those that really, really can't and won't even bother. Top 40 or 50 most profitable AmLaw 100 firms will likely make the jump, but will low-profitable or struggling firms even try (a good half of the AmLaw 200 have had some rough times lately)?

Tar bet that all v50 in NYC match or exceed?

K - which side do you want?

I'm saying I would take they do match or exceed

[Anonymous User]

A source of mine says that PW has been having extended discussions about going up before the announcement today. So they are almost certain to match.

[TLSModBot]

How long til rest of v50 match?

In a dark way I'm interested in seeing who won't match. This could be the point where segmentation in the top-tier of firms is finally and concretely reflected in salaries: the firms who are doing well and can afford this jump vs. those that really, really can't and won't even bother. Top 40 or 50 most profitable AmLaw 100 firms will likely make the jump, but will low-profitable or struggling firms even try (a good half of the AmLaw 200 have had some rough times lately)?

Tar bet that all v50 in NYC match or exceed?

K - which side do you want?

I'm saying I would take they do match or exceed

Done. Let's do this.

ETA: K&L Gates is going to be your downfall bro.

[Monochromatic Oeuvre]

A source of mine says that PW has been having extended discussions about going up before the announcement today. So they are almost certain to match go to $190k.

FTFY

[Cobretti]

Do Chicago firms match? If so, how long?

this

Kirkland/Sidley/Skadden/Latham aren't going to start paying different offices different amounts. Maybe not every Chicago office will match but there's no way the firms that are a lock to match in NY won't raise pay firmwide like they have for the relevant past.

[El Pollito]

WE'RE GOING STREAKING

[emkay625]

Can we get a poll predicting how long it will be before somebody matches?

[gk101]

Do Chicago firms match? If so, how long?

this

Kirkland/Sidley/Skadden/Latham aren't going to start paying different offices different amounts. Maybe not every Chicago office will match but there's no way the firms that are a lock to match in NY won't raise pay firmwide like they have for the relevant past.

yeah I expect the big names to jump to the new scale. Most others (Winston, dentons, etc.) will follow in a couple of years but be more generous with bonuses for now

[Eastboundndown]

Shoutout to all da haterz

[Monochromatic Oeuvre]

I've been floating a few rumors of NY to $200k in the inboxes of various reporters who seem dumb; everyone let me know if they want anything included.

[abitaman6363]

FWIW and likely getting ahead of myself--but 2-3 TX firms raised to $160K within six months of the ST raise in 2007.

[SplashBros]

Do Chicago firms match? If so, how long?

this

Kirkland/Sidley/Skadden/Latham aren't going to start paying different offices different amounts. Maybe not every Chicago office will match but there's no way the firms that are a lock to match in NY won't raise pay firmwide like they have for the relevant past.

^^^That's my thought as well re Chicago. But I can see Chicago firms moving slower than other markets (e.g., DC) in matching NYC.

But yeah, optics of not moving will be pretty damning for those that hold steady.

[sublime]

..

[TLSModBot]

I've been floating a few rumors of NY to $200k in the inboxes of various reporters who seem dumb; everyone let me know if they want anything included.

Make sure to include promises from firm leaders that bonuses are also likely to remain strong.

[emkay625]

Can we get a poll predicting how long it will be before somebody matches?

I did which firm will be first to match instead.

Works. TY.

[sublime]

..

[TLSModBot]

Can we get a poll predicting how long it will be before somebody matches?

I did which firm will be first to match instead.

Guessing Simpson. They were first movers in 2007 and I bet they'll come out strong now.

[Anonymous User]

[youtube]Jx2raP3P3FQ[/youtube]

[glitched]

Law firm partners right now: