W&C to 200K Forum

[v5junior]

So... will this be enough to raise the market to $190k or above?

Whatcha think

It's another ripple in the water, similar of Philly going to $160k recently. But mid-levels at W&C are still behind mid-levels at a market+DPW firm.

We've got momentum, but this isn't a tipping point.

Above the law is guessing at the mid level salaries. The old salary graduated from a 15K bump for the first years to a 20K bump for the more senior levels. The midlevels on the new W&C scale might actually get 25k bumps since their base is higher, and therefore, their percentage increase would be a higher overall amount. That might mean they are actually more competitive than the Above the Law breakdown indicates.

Overall, its good news. W&C undoubtedly pays its first and second years more than the Cravath-scale firms (without the pressure of making bonus numbers) and that will translate into a recruiting advantage this fall.

Surely you mean the Simpson-scale with DPW bonuses.

Surely you mean the Simpson scale with Simpson bonuses for stub, first, and second year associates, and then DPW bonuses for third through sixth year associates, and then Simpson bonuses for seventh year associates.

[Monochromatic Oeuvre]

Consensus on whether this will push DPW, STB, etc. to 200 before September?

I don't see why DPW Cravath ect would match first year salary of a firm that always paid above market. They might go to $175 or $180 base bringing all in to $190-195, at least that's what we're all hoping for.

Embarrassment that a firm with 40% of their profits in a lower COL market is beating them on total comp for first, second and third years?

Having to witness a very clear example of what an equitable distribution of profits looks like? (Most firms outside the big six cities have pretty equitable distributions, really.)

[Yardbird]

Above the law is guessing at the mid level salaries. The old salary graduated from a 15K bump for the first years to a 20K bump for the more senior levels. The midlevels on the new W&C scale might actually get 25k bumps since their base is higher, and therefore, their percentage increase would be a higher overall amount. That might mean they are actually more competitive than the Above the Law breakdown indicates.

Overall, its good news. W&C undoubtedly pays its first and second years more than the Cravath-scale firms (without the pressure of making bonus numbers) and that will translate into a recruiting advantage this fall.

Surely you mean the Simpson-scale with DPW bonuses.

Surely you mean the Simpson scale with Simpson bonuses for stub, first, and second year associates, and then DPW bonuses for third through sixth year associates, and then Simpson bonuses for seventh year associates.

Touché

[cookiejar1]

Does W&C even have first year associates? I thought everyone in their class clerked (not exaggerating).

Not everyone clerks. I know a first year they hired through 3L OCI

This is ridiculous. Has W&C stopped caring about prestige or is the first year a former pilot?