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

[Anonymous User]

The silence from Skadden DPW and STB is interesting

+1. Can anyone on the ground provide some insight re: any discussions that might be going on?

[Anonymous User]

We need some unprestigious nationwide firm to do it all markets for this to be totally over. DLA Piper, Goodwin, Cooley, Paul Hastings, Sidely, Mayer Brown, Jones Day, Winston, etc.

My money is on Sidley to lead the way.

My money is on Sidley freezing all class advances

[Winter is Coming]

Skadden won't announce until they can order the finest cheese plate between 43rd and 44th.

[Anonymous User]

Weil confirmed on ATL

edit: so i'm late.

[Big Shrimpin]

Skadden won't announce until they can order the finest cheese plate between 43rd and 44th.

NY TO 180 CHEESE CUBES

[SplashBros]

We need some unprestigious nationwide firm to do it all markets for this to be totally over. DLA Piper, Goodwin, Cooley, Paul Hastings, Sidely, Mayer Brown, Jones Day, Winston, etc.

My money is on Sidley to lead the way.

My money is on Sidley freezing all class advances

Hah. If they move, it won't be before KE.

[Anonymous User]

The silence from Skadden DPW and STB is interesting

+1. Can anyone on the ground provide some insight re: any discussions that might be going on?

We're all getting our info by anxiously refreshing this thread. I'll let you know if I hear anything.

[Anonymous User]

We need some unprestigious nationwide firm to do it all markets for this to be totally over. DLA Piper, Goodwin, Cooley, Paul Hastings, Sidely, Mayer Brown, Jones Day, Winston, etc.

My money is on Sidley to lead the way.

My money is on Sidley freezing all class advances

Hah. If they move, it won't be before KE.

But if KE moves, Sidley almost has to as well, right?

[Actus Reus]

The silence from Skadden DPW and STB is interesting

+1. Can anyone on the ground provide some insight re: any discussions that might be going on?

We're all getting our info by anxiously refreshing this thread. I'll let you know if I hear anything.

It's almost certainly that they don't want to be upstaged and have to re-raise to 190k when DLA announces 190k for all US, as has been reported.

[Anonymous User]

We need some unprestigious nationwide firm to do it all markets for this to be totally over. DLA Piper, Goodwin, Cooley, Paul Hastings, Sidely, Mayer Brown, Jones Day, Winston, etc.

My money is on Sidley to lead the way.

My money is on Sidley freezing all class advances

Hah. If they move, it won't be before KE.

But if KE moves, Sidley almost has to as well, right?

Yes, it would destroy their narrative with recruits that they're the other half of Chicago's Big Two.

[philepistemer]

The silence from Skadden DPW and STB is interesting

Nah, of course they will exceed.

FYP

[Anonymous User]

any predictions on SF / SV first mover?

[imalreadyamember?]

The silence from Skadden DPW and STB is interesting

+1. Can anyone on the ground provide some insight re: any discussions that might be going on?

We're all getting our info by anxiously refreshing this thread. I'll let you know if I hear anything.

It's almost certainly that they don't want to be upstaged and have to re-raise to 190k when DLA announces 190k for all US, as has been reported.

I report that Cravath just topped itself and re-raised to 200k.

[Tiago Splitter]

any predictions on SF / SV first mover?

Are we not giving Weil credit?

[Anonymous User]

any predictions on SF / SV first mover?

I would vote Gunderson. Sounds a bit odd b/c they aren't as big as WSGR, Fenwick or Cooley, but they have been market setters before for comp, so I wouldn't be surprised if they do it again. Could also be any of those other three though. I doubt MoFo or Orrick beat the SV firms to the punch.

[SplashBros]

My money is on Sidley to lead the way.

My money is on Sidley freezing all class advances

Hah. If they move, it won't be before KE.

But if KE moves, Sidley almost has to as well, right?

I think so, if only for optics/morale. They are slow/reactive with bonus releases though, so I doubt there's any word this week.

In CHI, my guess is KE any minute, Skadden/Latham matching nationally later this week, then Sidley next week at the earlier (+ MB, JD, whoever else).

[First Offense]

We need some unprestigious nationwide firm to do it all markets for this to be totally over. DLA Piper, Goodwin, Cooley, Paul Hastings, Sidely, Mayer Brown, Jones Day, Winston, etc.

Perhaps a certain V42 firm?

[Anonymous User]

any predictions on SF / SV first mover?

I would vote Gunderson. Sounds a bit odd b/c they aren't as big as WSGR, Fenwick or Cooley, but they have been market setters before for comp, so I wouldn't be surprised if they do it again. Could also be any of those other three though. I doubt MoFo or Orrick beat the SV firms to the punch.

I am a mid-level at one of those firms. I think of one does it, the rest will.

[oblig.lawl.ref]

any predictions on SF / SV first mover?

I would vote Gunderson. Sounds a bit odd b/c they aren't as big as WSGR, Fenwick or Cooley, but they have been market setters before for comp, so I wouldn't be surprised if they do it again. Could also be any of those other three though. I doubt MoFo or Orrick beat the SV firms to the punch.

I am a mid-level at one of those firms. I think of one does it, the rest will.

I would be surprised if gunderson moves first. Not to be a hater but it aint 1999.

[Anonymous User]

Don't changes in associate compensation have to be approved by partner vote? The largest firms with many international offices (e.g., Skadden, Latham, Cleary) may take longer to respond as a result.

Some firms may also wait for STB and DPW to match before being caught having to revise twice. Note that the the Paul, Weiss memo also explicitly stated that the firm would pay top of the market, meaning that they are open to revising higher if necessary.

Also, any thoughts on when Magic Circle will increase comp for US qualified associates in New York and London?

[Actus Reus]

Don't changes in associate compensation have to be approved by partner vote? The largest firms with many international offices (e.g., Skadden, Latham, Cleary) may take longer to respond as a result.

Some firms may also wait for STB and DPW to match before being caught having to revise twice. Note that the the Paul, Weiss memo also explicitly stated that the firm would pay top of the market, meaning that they are open to revising higher if necessary.

Also, any thoughts on when Magic Circle will increase comp for US qualified associates in New York and London?

Outed as Paul Weiss associate due to use of the comma

[bern victim]

Don't changes in associate compensation have to be approved by partner vote? The largest firms with many international offices (e.g., Skadden, Latham, Cleary) may take longer to respond as a result.

Some firms may also wait for STB and DPW to match before being caught having to revise twice. Note that the the Paul, Weiss memo also explicitly stated that the firm would pay top of the market, meaning that they are open to revising higher if necessary.

Also, any thoughts on when Magic Circle will increase comp for US qualified associates in New York and London?

Outed as Paul Weiss associate due to use of the comma

PW to 180, 000

[El Pollito]

Don't changes in associate compensation have to be approved by partner vote? The largest firms with many international offices (e.g., Skadden, Latham, Cleary) may take longer to respond as a result.

Some firms may also wait for STB and DPW to match before being caught having to revise twice. Note that the the Paul, Weiss memo also explicitly stated that the firm would pay top of the market, meaning that they are open to revising higher if necessary.

Also, any thoughts on when Magic Circle will increase comp for US qualified associates in New York and London?

my friend at cleary said this is the hold up there and she expects a match soon

[soj]

.

[dailygrind]

If the firm is named Paul, Weiss, could we not refer to it as Weiss Paul sans comma?