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

[monsterman]

Does anyone know how long it took in 2007 for any of the secondary/tertiary markets to increase their base salaries? I'm at a firm with 145k base and wondering if that will go anywhere.

[bruinfan10]

odds that this is a nyc-only raise?

[abitaman6363]

Does anyone know how long it took in 2007 for any of the secondary/tertiary markets to increase their base salaries? I'm at a firm with 145k base and wondering if that will go anywhere.

I wrote above about TX markets only taking 6 months to match in 2007. There are increased pressures now in some markets (e.g. Houston) since other national players (e.g. Kirkland) have entered their markets.

[Desert Fox]

odds that this is a nyc-only raise?

Most of the comp leaders won't do NYC only. But I could see a bunch of V50's only doing NYC. It'll be interesting to see what Latham, Skadden, K&E, Quinn, and Gibson do. If they all go 180k in CA & DC, I don't see how the most of the rest of the V50 don't.

But for DC, I could see Covington, A&P, etc. not doing 180k.

[Desert Fox]

Does anyone know how long it took in 2007 for any of the secondary/tertiary markets to increase their base salaries? I'm at a firm with 145k base and wondering if that will go anywhere.

I wrote above about TX markets only taking 6 months to match in 2007. There are increased pressures now in some markets (e.g. Houston) since other national players (e.g. Kirkland) have entered their markets.

Hasn't TX changed so much since then, that it's basically a new market?

[Monochromatic Oeuvre]

Bonus minimums to 2200

Hope you guys enjoyed whatever Sundays you had off

[sublime]

..

[bruinfan10]

i'd like to thank everyone in this thread for the hard work and dedication that finally got through to the partherns at cravath.

[didntretake]

Bonus minimums to 2200

Hope you guys enjoyed whatever Sundays you had off

mods please ban

[abitaman6363]

Does anyone know how long it took in 2007 for any of the secondary/tertiary markets to increase their base salaries? I'm at a firm with 145k base and wondering if that will go anywhere.

I wrote above about TX markets only taking 6 months to match in 2007. There are increased pressures now in some markets (e.g. Houston) since other national players (e.g. Kirkland) have entered their markets.

Hasn't TX changed so much since then, that it's basically a new market?

It's not 2014 in TX--but the major players are still doing very well.

[Br3v]

Idk how I am supposed to study for the bar while constantly refreshing this thread and ATL

[LazyLASA]

Idk how I am supposed to study for the bar while constantly refreshing this thread and ATL

Oh, good. It's not just me that feels this way.

[PvblivsScipio]

Could see a firm like Milbank going to $180k in its other markets. Typical white shoe firm, only 2 other offices in the US. Could be wishful thinking.

[KidStuddi]

I really hope someone drops a 190 pay scale and makes Cravath pull and refile.

[smaug]

Bonus minimums to 2200

Hope you guys enjoyed whatever Sundays you had off

Lol at thinking you have to work Sunday to bill 2.2k

[mister logical]

I really hope someone drops a 190 pay scale and makes Cravath pull and refile.

This would be hilarious

[Br3v]

I wonder if anyone will push to 190. Smart firms have been positioning themselves for 190 for awhile, and a 10k bump would give them the "prestige" of being the firm that bested Cravath. Obviously not going to make them more "prestigious" than Cravath, but for their rival V-whatevers it buys them the publicity.

[smaug]

Having a bit of a laugh at the selection of firms above

[Anonymous User]

Any guesses about how this might affect clerkship bonuses? If the point of the bonus is to account somewhat for the gap between government salaries and biglaw salaries, you'd think the clerkship bonus would need to rise in tandem with salaries, right?

[sublime]

..

[Anonymous User]

For the biggest firms in the secondary markets, it probably only takes one to move the entire market. If Gibson starts paying it's associates somewhere like Palo Alto or Irvine $180k, Latham almost has to match that.

It might be more interesting for the firms down the pecking order. It might be that some stratification emerges in secondary markets. Even if the biggest firms that have always paid associates in smaller offices on the NY scale move salaries up uniformly across all offices, it might be that other firms can't keep pace.

[Monochromatic Oeuvre]

Bonus minimums to 2200

Hope you guys enjoyed whatever Sundays you had off

Lol at thinking you have to work Sunday to bill 2.2k

(Guy who doesn't have to work Sundays, but does anyway)

[Actus Reus]

Having a bit of a laugh at the selection of firms above

Eh, I just went down the vault list. Probably should have used PPP but whatever.

I think there is one extra slot if there is anybody in particular you/people think I should throw in.

DLA probably should be on there given the number of associates and high quality work

[wiz]

Having a bit of a laugh at the selection of firms above

Eh, I just went down the vault list. Probably should have used PPP but whatever.

I think there is one extra slot if there is anybody in particular you/people think I should throw in.

Pls include Quinn remains.

[smaug]

Having a bit of a laugh at the selection of firms above

Eh, I just went down the vault list. Probably should have used PPP but whatever.

I think there is one extra slot if there is anybody in particular you/people think I should throw in.

DLA probably should be on there given the number of associates and high quality work

I was thinking a more prestigious firm like White & Case