change in the cravath scale Forum

[2014]

Stub year bonus to 11k prorated, you heard it here first. Models and bottles yo

1100 Chipotle burritos w/guac. Those are my models.

Don't forget the 400 burritos you gotta feed Obama though bro

[BrooklynLaw16]

Even if they don't increase salary across the board, it's possible to negotiate for a higher salary:

http://abovethelaw.com/2014/07/5-ways-t ... aw-salary/

[FSK]

Even if they don't increase salary across the board, it's possible to negotiate for a higher salary:

http://abovethelaw.com/2014/07/5-ways-t ... aw-salary/

Alright. I'll just go make partner at cravath, then worry I'm not compensated enough.

[Desert Fox]

You can sometimes get bumped up a class year.

[BrooklynLaw16]

[/quote] Alright. I'll just go make partner at cravath, then worry I'm not compensated enough.[/quote]

This is statistically unlikely. Good luck though

[Law Student 2848]

Source is an acquaintance who claims to have read a news article about it. Like I said, unverified and if unsubstantiated, we should assume it's false. I was just wondering if anyone heard the same.

So you could have answered your own question by Googling it if the source was a news article? smh

[BrooklynLaw16]

Source is an acquaintance who claims to have read a news article about it. Like I said, unverified and if unsubstantiated, we should assume it's false. I was just wondering if anyone heard the same.

So you could have answered your own question by Googling it if the source was a news article? smh

Obviously I looked and I couldn't find the article so I asked, in case someone on here knew or heard something. Furthermore, the post only invites responses from those who have an insight as to the truth or falsity of this proposition. And you clearly don't know anything. So why are you responding.

[Anonymous User]

They'd have to do it across the board. Firms will have retention problems if they get cheap with more senior associates. If raises are not commensurate, some new associates will make more than some second year associates. Then they're guaranteed to get up and go to slytherin. ..I mean cravath...

This is adorable.

I mean, he's right. If firms raise salaries, they'll raise salaries for all associates. In 2007, Simpson raised salaries a flat $15k for everyone. But an increase in base salaries right now still feels unlikely (and obviously this thread is bs). Maybe in a couple of years. Things are tightening a bit.

[20141023]

.

[enibs]

I hate to break it to you, but it ain't happening. Not this year. Some day it will, as inflation continues to nibble away at the constant dollar value of associate salaries, which have been flat for eight years now. But legal hiring is still more a buyer's market than a seller's market, and business is still choppy/uncertain. So there's just no incentive for the firms to do it right now.

I also think that if/when firms feel like they need to increase associate compensation, you're more likely to see it in the bonuses first, rather than the base salary. Once a firm raises base, they've locked in the fixed cost. Firms went to $160 in 2007, right before the economic collapse, and weren't able/willing to roll it back when the collapse hit (instead they cut cost by dumping associates overboard). The memory is too fresh for firms to want to do it again. If a firm raises comp by increasing the bonus scale, it's a lot easier to roll that back if there's another economic downturn.

[20141023]

.

[Robb]

I was being facetious, but that is a good point about the bonuses.

you know you want a roomba

[Old Gregg]

op is a dumbass. what's with the stupid people on TLS lately????

[84651846190]

Some people just don't get enough attention IRL and have to make asses of themselves online to compensate.

[SFB222]

Have you guys heard of an impending change in the cravath scale for new associates? Someone told me today that they're going to increase starting salary by anywhere between $15K and $30K, yielding starting salaries of between $175,000 to $190,000. Is this true? If so, do you think that other big nyc firms will follow suit?

I will love you forever if this isn't a flame...

[patogordo]

Have you guys heard of an impending change in the cravath scale for new associates? Someone told me today that they're going to increase starting salary by anywhere between $15K and $30K, yielding starting salaries of between $175,000 to $190,000. Is this true? If so, do you think that other big nyc firms will follow suit?

I will love you forever if this isn't a flame...

Could you guys be anymore greedy? Already overpaid and now want more.

2/10

[heythatslife]

Have you guys heard of an impending change in the cravath scale for new associates? Someone told me today that they're going to increase starting salary by anywhere between $15K and $30K, yielding starting salaries of between $175,000 to $190,000. Is this true? If so, do you think that other big nyc firms will follow suit?

I will love you forever if this isn't a flame...

Could you guys be anymore greedy? Already overpaid and now want more.

Can law schools be any more greedy? Already overpaid and now want more tuition.

[84651846190]

Have you guys heard of an impending change in the cravath scale for new associates? Someone told me today that they're going to increase starting salary by anywhere between $15K and $30K, yielding starting salaries of between $175,000 to $190,000. Is this true? If so, do you think that other big nyc firms will follow suit?

I will love you forever if this isn't a flame...

Could you guys be anymore greedy? Already overpaid and now want more.

Can law schools be any more greedy? Already overpaid and now want more tuition.

[84651846190]

Only two more weeks!

[GOATlawman]

rumor is that cravath is doing big things to the scale

[Old Gregg]

rumor is that cravath is doing big things to the scale

Thanks, we all saw the same anonymous post on auto admit.

[KM2016]

rumor is that cravath is doing big things to the scale

Don't play with my heart like that

[BigZuck]

NY to 190?

[mvp99]

.