NYC to 200k Forum

[Anonymous User]

Deleted

Just like "elite" DC firms from 1Ls' bid lists.

[Anonymous User]

Care to explain why boies is not on your wall of shame? They have not matched, and ATL coverage indicates their unique comp system has fallen behind.

[Anonymous User]

can confirm dipshit and dumbass llp matched full scale before DC

[Anonymous User]

Something has got to be done about the gridlock in Washington (and LA apparently)

Can somebody please send this email from a fake recruiter address to Covington's managing partner:

• Dear Tim,
  
  Good afternoon. My name is Justin Weber and I'm a legal recruiter with SMTM Legal Search. I'm working with the DC office of an elite firm that pays market, and they are looking for associates with strong legal experience who want to be paid competitively. If you know of anyone who might be interested in learning more about this opportunity, please let me know and I will forward a detailed job description.
  
  Best Regards,
  
  Justin

[Anonymous User]

Is that covington email real? wtf

[Anonymous User]

Something has got to be done about the gridlock in Washington (and LA apparently)

Can somebody please send this email from a fake recruiter address to Covington's managing partner:

• Dear Tim,
  
  Good afternoon. My name is Justin Weber and I'm a legal recruiter with SMTM Legal Search. I'm working with the DC office of an elite firm that pays market, and they are looking for associates with strong legal experience who want to be paid competitively. If you know of anyone who might be interested in learning more about this opportunity, please let me know and I will forward a detailed job description.
  
  Best Regards,
  
  Justin

But. He. Wants. His. MONNEEEEEEEE. Waaaaaahhh.

Seriously do you have any idea how hard it is to get by in McLean on (roughly) $1,543,000/year?? It's not like you can send your kids to those shit NOVA public schools!

[Anonymous User]

Is that covington email real? wtf

It was real, in 2016. Now it's just hilarious.

[Anonymous User]

V25 Wall of Shame:

• 1. Cravath
  2. Wachtell
  3. Skadden
  4. Sullivan & Cromwell
  5. Latham
  6. Davis Polk
  7. Simpson Thacher
  8. Kirkland
  9. Gibson
  10. Paul Weiss
  11. Weil
  12. Quinn
  13. Sidley Austin
  14. Cleary Gottlieb
  15. Covington
  16. Jones Day
  17. Williams & Connolly (they do their own thing)
  18. Debevoise
  19. White & Case
  20. WilmerHale
  21. Ropes & Gray
  22. Paul Hastings
  23. Boies Schiller
  24. Morrison & Foerster
  25. Hogan Lovells

No match at Boies Schiller...

[Anonymous User]

Baker McKenzie match with bonuses.

Big f-ing deal (not being sarcastic).

[Anonymous User]

V25 Wall of Shame:

• 1. Cravath
  2. Wachtell
  3. Skadden
  4. Sullivan & Cromwell
  5. Latham
  6. Davis Polk
  7. Simpson Thacher
  8. Kirkland
  9. Gibson
  10. Paul Weiss
  11. Weil
  12. Quinn
  13. Sidley Austin
  14. Cleary Gottlieb
  15. Covington
  16. Jones Day
  17. Williams & Connolly (they do their own thing)
  18. Debevoise
  19. White & Case
  20. WilmerHale
  21. Ropes & Gray
  22. Paul Hastings
  23. Boies Schiller
  24. Morrison & Foerster
  25. Hogan Lovells

No match at Boies Schiller...

Is Boies still around? I thought they were bought by Paul Hastings or something.

[Anonymous User]

Baker McKenzie match with bonuses.

Big f-ing deal (not being sarcastic).

Surprised about this one b/c their RPL is only $566,000, PPP is only 1.3M, and with crazy leverage ratio. Perhaps their US attorneys make significant more than the average numbers?
https://www.law.com/law-firm-profile/?i ... r-McKenzie

[Anonymous User]

V25 Wall of Shame:

• 1. Cravath
  2. Wachtell
  3. Skadden
  4. Sullivan & Cromwell
  5. Latham
  6. Davis Polk
  7. Simpson Thacher
  8. Kirkland
  9. Gibson
  10. Paul Weiss
  11. Weil
  12. Quinn
  13. Sidley Austin
  14. Cleary Gottlieb
  15. Covington
  16. Jones Day
  17. Williams & Connolly (they do their own thing)
  18. Debevoise
  19. White & Case
  20. WilmerHale
  21. Ropes & Gray
  22. Paul Hastings
  23. Boies Schiller
  24. Morrison & Foerster
  25. Hogan Lovells

If Baker really matched with the bonus, the names on this list are all the more striking. Even if they didn't, these handful of remaining firms are striking.

[Anonymous User]

Baker McKenzie match with bonuses.

Big f-ing deal (not being sarcastic).

$1.3MM PPP, highly levered, and a ton of associates. Pretty embarrassing for firms like Greenberg ($1.6MM PPP) and Reed Smith ($1.2MM PPP) that proactively embarrassed themselves by releasing statements about how their associates didn't deserve an extra penny of profits from their slumlord partners, and for firms like Cooley ($2.1MM PPP) that would rather play hide-the-ball shell games with their associates than just give them summer bonuses like other firms.

[Anonymous User]

So Munger is raising pay for first year associates to 190K starting July 1, and doing the same for summer associates retroactive to the beginning of the summer. Unless I am missing something, doesn't this mean that for about a month or two (the start of the summer program to July 1) Munger will have effectively paid summer associates more than first year associates? I'd be pissed if I were a Munger first year if that's the case.

Yes, but I'm pretty sure all firms do this.

I was a summer during the 180k raises, and we got a bonus that reflected the additional amount we would've earned had we been paid 180 for the full 10 weeks.

I was a summer in 2016 at a V10 that was quick to match both then and now, and this definitely did not happen for us. I feel like that should have been bigger news if it happened everywhere! Getting a bonus as if we were paid at $180k for the whole summer would have been about a $2k difference vs. the raise taking effect on July 1.

[Anonymous User]

Baker matching is huge. They're a behemoth with offices in every major market. If they can match, any V50 can and should match.

[Anonymous User]

Baker matching is huge. They're a behemoth with offices in every major market. If they can match, any V50 can and should match.

Looking at you Orrick...

[Anonymous User]

Baker matching is huge. They're a behemoth with offices in every major market. If they can match, any V50 can and should match.

Looking at you Orrick...

[Anonymous User]

Lol can't believe the V50 firm I recently lateraled to matched earlier than the V10 firm I lateraled from.

[Anonymous User]

Lol can't believe the V50 firm I recently lateraled to matched earlier than the V10 firm I lateraled from.

Class year?

[Anonymous User]

Lol can't believe the V50 firm I recently lateraled to matched earlier than the V10 firm I lateraled from.

Class year?

I'll just say I'm not a junior associate.

[Anonymous User]

K&S has a firm-wide meeting tomorrow (was already on the books). Wouldn't be a bad time to announce...

Anyone know how this went?

Sincerely,
Every ATL associate

Bumping this back up - surely someone has some info? It's near 6 PM in Atlanta, so this meeting must have already happened?

[Anonymous User]

https://abovethelaw.com/2018/06/biglaw- ... -is-happy/

lol at these guys complaining they "many departments" "won't get close" to the annual billing requirements. if that's the case, shouldn't they be happy that (a) they aren't working much and still getting paid $190k a year, and (b) their firm is still paying bonuses at all despite seemingly not having a lot of workflow.

[Anonymous User]

Baker McKenzie match with bonuses.

Big f-ing deal (not being sarcastic).

$1.3MM PPP, highly levered, and a ton of associates. Pretty embarrassing for firms like Greenberg ($1.6MM PPP) and Reed Smith ($1.2MM PPP) that proactively embarrassed themselves by releasing statements about how their associates didn't deserve an extra penny of profits from their slumlord partners, and for firms like Cooley ($2.1MM PPP) that would rather play hide-the-ball shell games with their associates than just give them summer bonuses like other firms.

Based on the ATL post, it seems like Baker McKenzie is doing exactly what Cooley is doing - they've stated that they plan on paying summer bonuses at year end with EOTY bonuses.

If anything, we should be shitting on Schulte Roth, who is boning associates that have taken time off or vacations in the early part of the year by tying summer bonuses to YTD hours

[Anonymous User]

https://abovethelaw.com/2018/06/biglaw- ... -is-happy/

lol at these guys complaining they "many departments" "won't get close" to the annual billing requirements. if that's the case, shouldn't they be happy that (a) they aren't working much and still getting paid $190k a year, and (b) their firm is still paying bonuses at all despite seemingly not having a lot of workflow.

I think they're upset because in reality most associates won't sniff these summer bonuses because they don't have the hours at this point.

[Anonymous User]

If anything, we should be shitting on Schulte Roth, who is boning associates that have taken time off or vacations in the early part of the year by tying summer bonuses to YTD hours

But you can get the bonus if you hit EOY hours