Milbank/Davis Polk/Cravath Scale: NYC to 215-415k Forum

[cornerstone]

So are DPW / Milbank unique? No. But there also aren't necessarily a bunch of other firms who could fill their shoes right now as far as having *both* the characteristics I mention above. So yeah, STB could swoop in and "do what DPW does." But will they? Does their partnership care enough in 2022? Not sure.

I think this is what people are referring to re: STB: https://abovethelaw.com/2014/11/bonus-s ... t-cravath/

But DPW probably crushed any chance STB partners have an appetite to step into the raise wars again: https://abovethelaw.com/2014/11/associa ... s-simpson/

[Anonymous User]

I had assumed that this was playing out like a hand of poker. It’s known/expected that Cravath doesn’t move quickly. This meant the action was on DPW as a traditional market mover. Enough time has elapsed that they effectively “checked” (ignore that they’d have to call Milbank-it’s implicit that they will do so). That put the action on Cravath, whose partnership generally meets on Mondays, if I recall correctly. They did not act yesterday, so they in effect also “checked.” (same caveat as above).

I’m left with the conclusion that there will be no re-raise. The players have indicated that they’re deferring to one another, had an opportunity to raise, and decided against it.

I’d wager that DPW matches later this week, with Cravath (and everyone else) to follow.

Hate to say this actually sounds plausible. At worst we just got another raise (as a 6th year, this actually feels great going from 305 in December to 350 effective Jan. 1). At best we get special bonuses on the same scale as last year.

[Anonymous User]

I had assumed that this was playing out like a hand of poker. It’s known/expected that Cravath doesn’t move quickly. This meant the action was on DPW as a traditional market mover. Enough time has elapsed that they effectively “checked” (ignore that they’d have to call Milbank-it’s implicit that they will do so). That put the action on Cravath, whose partnership generally meets on Mondays, if I recall correctly. They did not act yesterday, so they in effect also “checked.” (same caveat as above).

I’m left with the conclusion that there will be no re-raise. The players have indicated that they’re deferring to one another, had an opportunity to raise, and decided against it.

I’d wager that DPW matches later this week, with Cravath (and everyone else) to follow.

Hate to say this actually sounds plausible. At worst we just got another raise (as a 6th year, this actually feels great going from 305 in December to 350 effective Jan. 1). At best we get special bonuses on the same scale as last year as a cherry on top.

[Anonymous User]

I had assumed that this was playing out like a hand of poker. It’s known/expected that Cravath doesn’t move quickly. This meant the action was on DPW as a traditional market mover. Enough time has elapsed that they effectively “checked” (ignore that they’d have to call Milbank-it’s implicit that they will do so). That put the action on Cravath, whose partnership generally meets on Mondays, if I recall correctly. They did not act yesterday, so they in effect also “checked.” (same caveat as above).

I’m left with the conclusion that there will be no re-raise. The players have indicated that they’re deferring to one another, had an opportunity to raise, and decided against it.

I’d wager that DPW matches later this week, with Cravath (and everyone else) to follow.

Hate to say this actually sounds plausible. At worst we just got another raise (as a 6th year, this actually feels great going from 305 in December to 350 effective Jan. 1). At best we get special bonuses on the same scale as last year.

I don't know why everyone expects the "action" for DPW to be a re-raise of the scale. I think it's much more likely they match Milbank but trigger a round of spring / fall bonuses. They get all the cred of being a "comp leader" w/o tying themselves to a yet-higher level of permanent compensation. Win-win.

[Wanderingdrock]

I had assumed that this was playing out like a hand of poker. It’s known/expected that Cravath doesn’t move quickly. This meant the action was on DPW as a traditional market mover. Enough time has elapsed that they effectively “checked” (ignore that they’d have to call Milbank-it’s implicit that they will do so). That put the action on Cravath, whose partnership generally meets on Mondays, if I recall correctly. They did not act yesterday, so they in effect also “checked.” (same caveat as above).

I’m left with the conclusion that there will be no re-raise. The players have indicated that they’re deferring to one another, had an opportunity to raise, and decided against it.

I’d wager that DPW matches later this week, with Cravath (and everyone else) to follow.

Hate to say this actually sounds plausible. At worst we just got another raise (as a 6th year, this actually feels great going from 305 in December to 350 effective Jan. 1). At best we get special bonuses on the same scale as last year.

Unfortunately, this does make sense, though it leaves DPW looking a little foolish on two levels. First, because the whole associate world has now had expectations built up a ton for a re-raise, only for DPW to disappoint, and second, because it reveals how disconnected the DPW partnership is from the associate reality. I mean... waiting to see if Cravath tries to outmaneuver you? Cravath hasn't been a meaningful part of the conversation in years, and even when they've tried they've just ended up making themselves look cheap while everybody looks to DPW et al for the true scale. It would be a very boomer-partner perspective for things to have played out as you describe, but... that might actually be it.

[Anonymous User]

Seems to me like CSM is very unlikely to wait all the way til February 14 to make an announcement, since you'd be looking at a month and a half of Milbank associates getting paid more than CSM associates at that point. So that means they'll almost certainly make their move on February 7.

DPW will probably announce either before CSM or wait until immediately after. So in all likelihood, this waiting game will be over by a week from today.

[Anonymous User]

Any chance DPW announces raise/bonus and a mandatory RTO at the same time? Heard that they have a townhall next week to discuss RTO.

Technically today was the 'mandatory' RTO at DPW.

Did I do anything different today than yesterday? Not a chance. If I have less than 5 hours of billable work in a given day, I'm not going to sit at the office and watch youtube, I'm going to do it in the comfort of my living room.

[Anonymous User]

I had assumed that this was playing out like a hand of poker. It’s known/expected that Cravath doesn’t move quickly. This meant the action was on DPW as a traditional market mover. Enough time has elapsed that they effectively “checked” (ignore that they’d have to call Milbank-it’s implicit that they will do so). That put the action on Cravath, whose partnership generally meets on Mondays, if I recall correctly. They did not act yesterday, so they in effect also “checked.” (same caveat as above).

I’m left with the conclusion that there will be no re-raise. The players have indicated that they’re deferring to one another, had an opportunity to raise, and decided against it.

I’d wager that DPW matches later this week, with Cravath (and everyone else) to follow.

Hate to say this actually sounds plausible. At worst we just got another raise (as a 6th year, this actually feels great going from 305 in December to 350 effective Jan. 1). At best we get special bonuses on the same scale as last year.

Unfortunately, this does make sense, though it leaves DPW looking a little foolish on two levels. First, because the whole associate world has now had expectations built up a ton for a re-raise, only for DPW to disappoint, and second, because it reveals how disconnected the DPW partnership is from the associate reality. I mean... waiting to see if Cravath tries to outmaneuver you? Cravath hasn't been a meaningful part of the conversation in years, and even when they've tried they've just ended up making themselves look cheap while everybody looks to DPW et al for the true scale. It would be a very boomer-partner perspective for things to have played out as you describe, but... that might actually be it.

I don't think the majority of associates are following this that closely - just the associates on this site who are obsessives about all things biglaw. I mentioned it to other associates at my firm, and it was very "meh". We're at the point that 10-20k really doesn't mean much to us/move the needle.

[Anonymous User]

I had assumed that this was playing out like a hand of poker. It’s known/expected that Cravath doesn’t move quickly. This meant the action was on DPW as a traditional market mover. Enough time has elapsed that they effectively “checked” (ignore that they’d have to call Milbank-it’s implicit that they will do so). That put the action on Cravath, whose partnership generally meets on Mondays, if I recall correctly. They did not act yesterday, so they in effect also “checked.” (same caveat as above).

I’m left with the conclusion that there will be no re-raise. The players have indicated that they’re deferring to one another, had an opportunity to raise, and decided against it.

I’d wager that DPW matches later this week, with Cravath (and everyone else) to follow.

Hate to say this actually sounds plausible. At worst we just got another raise (as a 6th year, this actually feels great going from 305 in December to 350 effective Jan. 1). At best we get special bonuses on the same scale as last year.

Unfortunately, this does make sense, though it leaves DPW looking a little foolish on two levels. First, because the whole associate world has now had expectations built up a ton for a re-raise, only for DPW to disappoint, and second, because it reveals how disconnected the DPW partnership is from the associate reality. I mean... waiting to see if Cravath tries to outmaneuver you? Cravath hasn't been a meaningful part of the conversation in years, and even when they've tried they've just ended up making themselves look cheap while everybody looks to DPW et al for the true scale. It would be a very boomer-partner perspective for things to have played out as you describe, but... that might actually be it.

I don't think the majority of associates are following this that closely - just the associates on this site who are obsessives about all things biglaw. I mentioned it to other associates at my firm, and it was very "meh". We're at the point that 10-20k really doesn't mean much to us/move the needle.

Count me in the bucket of people who are obsessed about all thing Biglaw comp*. Not that checking this thread / giving my 2c here and there changes the outcome at all. But I'm not yet at the point where 10-20k isn't a meaningful bump in comp., so I'll still jump for joy if/when there's a re-raise.

[Anonymous User]

I had assumed that this was playing out like a hand of poker. It’s known/expected that Cravath doesn’t move quickly. This meant the action was on DPW as a traditional market mover. Enough time has elapsed that they effectively “checked” (ignore that they’d have to call Milbank-it’s implicit that they will do so). That put the action on Cravath, whose partnership generally meets on Mondays, if I recall correctly. They did not act yesterday, so they in effect also “checked.” (same caveat as above).

I’m left with the conclusion that there will be no re-raise. The players have indicated that they’re deferring to one another, had an opportunity to raise, and decided against it.

I’d wager that DPW matches later this week, with Cravath (and everyone else) to follow.

Hate to say this actually sounds plausible. At worst we just got another raise (as a 6th year, this actually feels great going from 305 in December to 350 effective Jan. 1). At best we get special bonuses on the same scale as last year.

Unfortunately, this does make sense, though it leaves DPW looking a little foolish on two levels. First, because the whole associate world has now had expectations built up a ton for a re-raise, only for DPW to disappoint, and second, because it reveals how disconnected the DPW partnership is from the associate reality. I mean... waiting to see if Cravath tries to outmaneuver you? Cravath hasn't been a meaningful part of the conversation in years, and even when they've tried they've just ended up making themselves look cheap while everybody looks to DPW et al for the true scale. It would be a very boomer-partner perspective for things to have played out as you describe, but... that might actually be it.

I don't think the majority of associates are following this that closely - just the associates on this site who are obsessives about all things biglaw. I mentioned it to other associates at my firm, and it was very "meh". We're at the point that 10-20k really doesn't mean much to us/move the needle.

I think most associates very much care about the money although they might not all admit it in casual conversation. I made over 500k last year as a senior and you can bet your ass I care about a 20k raise (and possibly more through a spring bonus). I don't think this ever changes. I've talked w/ very senior partners at my firm responsible for setting comp. and they'll tell me stories about equity partners making 4m, 5m, 6m, complaining about a 100k comp. difference with another attorney. This is just human nature for 99% of people.

[Anonymous User]

I personally don't care about money. I do this for fun.

[Anonymous User]

I personally don't care about money. I do this for fun.

Oh yeah, me too man. Clause 9.2 and 7.6, 3am, in the zone.

[Anonymous User]

I think most associates very much care about the money although they might not all admit it in casual conversation. I made over 500k last year as a senior and you can bet your ass I care about a 20k raise (and possibly more through a spring bonus). I don't think this ever changes. I've talked w/ very senior partners at my firm responsible for setting comp. and they'll tell me stories about equity partners making 4m, 5m, 6m, complaining about a 100k comp. difference with another attorney. This is just human nature for 99% of people.

I once asked a senior associate how he was enjoying the raise. He responded that he already got used to the new salary and allocated that extra spending elsewhere, and that he couldn't wait for the next raise(!)

[Anonymous User]

I think most associates very much care about the money although they might not all admit it in casual conversation. I made over 500k last year as a senior and you can bet your ass I care about a 20k raise (and possibly more through a spring bonus). I don't think this ever changes. I've talked w/ very senior partners at my firm responsible for setting comp. and they'll tell me stories about equity partners making 4m, 5m, 6m, complaining about a 100k comp. difference with another attorney. This is just human nature for 99% of people.

I once asked a senior associate how he was enjoying the raise. He responded that he already got used to the new salary and allocated that extra spending elsewhere, and that he couldn't wait for the next raise(!)

Save half spend half is how I deal w any "surprise" money.

DPW please surprise me again, Daddy.

[Anonymous User]

6th year on current scale lockstep makes $535,000 with special bonuses. Most good firms will add $30,000 on top at least for above market hours of 2300-2400. Generally only top bucket will get VP promotion (25%) and even there you are likely to get between 500 and 600 for the next 2 years.

Honestly anyone with a pulse gets promoted to VP

Usually I make significantly more than my biglaw peers in the same class year

This year I made a bonkers amount more

Are you a VP? According to Wall Street Oasis, which I thought is reasonably legit (not like a Glassdoor or whatever) IB VP associates make 200-225k base +50-150% of base in bonus. High end of those ranges is about $560k; as a BigLaw 6th year last year I made $490k; and people at K&E etc. made way more than that. Is WSO wrong or am I missing something?

[Res Ipsa Loquitter]

6th year on current scale lockstep makes $535,000 with special bonuses. Most good firms will add $30,000 on top at least for above market hours of 2300-2400. Generally only top bucket will get VP promotion (25%) and even there you are likely to get between 500 and 600 for the next 2 years.

Honestly anyone with a pulse gets promoted to VP

Usually I make significantly more than my biglaw peers in the same class year

This year I made a bonkers amount more

Are you a VP? According to Wall Street Oasis, which I thought is reasonably legit (not like a Glassdoor or whatever) IB VP associates make 200-225k base +50-150% of base in bonus. High end of those ranges is about $560k; as a BigLaw 6th year last year I made $490k; and people at K&E etc. made way more than that. Is WSO wrong or am I missing something?

VP and Associate are two different levels of seniority. In general, banking associate compensation exceeds that of biglaw. If someone graduated MBA, did 6 years of front office banking at a bulge or elite boutique, and makes under 560K then they probably suck.

Granted, lots of people at banks make way less than 560K, because so many people in NYC misrepresent themselves as front office investment bankers, when they’re actually doing “risk” or some other BS.

[Anonymous User]

6th year on current scale lockstep makes $535,000 with special bonuses. Most good firms will add $30,000 on top at least for above market hours of 2300-2400. Generally only top bucket will get VP promotion (25%) and even there you are likely to get between 500 and 600 for the next 2 years.

Honestly anyone with a pulse gets promoted to VP

Usually I make significantly more than my biglaw peers in the same class year

This year I made a bonkers amount more

Are you a VP? According to Wall Street Oasis, which I thought is reasonably legit (not like a Glassdoor or whatever) IB VP associates make 200-225k base +50-150% of base in bonus. High end of those ranges is about $560k; as a BigLaw 6th year last year I made $490k; and people at K&E etc. made way more than that. Is WSO wrong or am I missing something?

VP and Associate are two different levels of seniority. In general, banking associate compensation exceeds that of biglaw. If someone graduated MBA, did 6 years of front office banking at a bulge or elite boutique, and makes under 560K then they probably suck.

Granted, lots of people at banks make way less than 560K, because so many people in NYC misrepresent themselves as front office investment bankers, when they’re actually doing “risk” or some other BS.

Hold up: (1) can you ballpark the difference bw a sixth year big law and “real” front office IB VP and (2) are those NYC VPs actually out earning their biglaw counterparts in non-NYC markets (correct me if I’m wrong but isn’t there comparably fewer IB roles than biglaw roles outside the city)

[Anonymous User]

6th year on current scale lockstep makes $535,000 with special bonuses. Most good firms will add $30,000 on top at least for above market hours of 2300-2400. Generally only top bucket will get VP promotion (25%) and even there you are likely to get between 500 and 600 for the next 2 years.

Honestly anyone with a pulse gets promoted to VP

Usually I make significantly more than my biglaw peers in the same class year

This year I made a bonkers amount more

Are you a VP? According to Wall Street Oasis, which I thought is reasonably legit (not like a Glassdoor or whatever) IB VP associates make 200-225k base +50-150% of base in bonus. High end of those ranges is about $560k; as a BigLaw 6th year last year I made $490k; and people at K&E etc. made way more than that. Is WSO wrong or am I missing something?

VP and Associate are two different levels of seniority. In general, banking associate compensation exceeds that of biglaw. If someone graduated MBA, did 6 years of front office banking at a bulge or elite boutique, and makes under 560K then they probably suck.

Granted, lots of people at banks make way less than 560K, because so many people in NYC misrepresent themselves as front office investment bankers, when they’re actually doing “risk” or some other BS.

Sorry I meant to say “VP” not “VP associate”. The salary/bonus range I posted there were what Wall Street Oasis reports is the range for Investment Banking VPs.

[Anonymous User]

At this point I'm not expecting news until Friday or Monday.

My theory is the DPW partners meeting last week was unproductive and they're going to wait until this weeks meeting to finalize the terms of the match/raise.

[Res Ipsa Loquitter]

6th year on current scale lockstep makes $535,000 with special bonuses. Most good firms will add $30,000 on top at least for above market hours of 2300-2400. Generally only top bucket will get VP promotion (25%) and even there you are likely to get between 500 and 600 for the next 2 years.

Honestly anyone with a pulse gets promoted to VP

Usually I make significantly more than my biglaw peers in the same class year

This year I made a bonkers amount more

Are you a VP? According to Wall Street Oasis, which I thought is reasonably legit (not like a Glassdoor or whatever) IB VP associates make 200-225k base +50-150% of base in bonus. High end of those ranges is about $560k; as a BigLaw 6th year last year I made $490k; and people at K&E etc. made way more than that. Is WSO wrong or am I missing something?

VP and Associate are two different levels of seniority. In general, banking associate compensation exceeds that of biglaw. If someone graduated MBA, did 6 years of front office banking at a bulge or elite boutique, and makes under 560K then they probably suck.

Granted, lots of people at banks make way less than 560K, because so many people in NYC misrepresent themselves as front office investment bankers, when they’re actually doing “risk” or some other BS.

Hold up: (1) can you ballpark the difference bw a sixth year big law and “real” front office IB VP and (2) are those NYC VPs actually out earning their biglaw counterparts in non-NYC markets (correct me if I’m wrong but isn’t there comparably fewer IB roles than biglaw roles outside the city)

For energy, Houston is probably not a downgrade from NY comp, and for tech SF is likely not a downgrade. As for whether LA/Chicago/etc. bankers make as much as NY, my suspicion is they don’t but I can’t say for sure.

And sure, I think the average BB/EB M&A VP made $750K, versus the 6th year M&A lawyer’s 500K last year. Some VPs made 7 figures.

[Anonymous User]

6th year on current scale lockstep makes $535,000 with special bonuses. Most good firms will add $30,000 on top at least for above market hours of 2300-2400. Generally only top bucket will get VP promotion (25%) and even there you are likely to get between 500 and 600 for the next 2 years.

Honestly anyone with a pulse gets promoted to VP

Usually I make significantly more than my biglaw peers in the same class year

This year I made a bonkers amount more

Are you a VP? According to Wall Street Oasis, which I thought is reasonably legit (not like a Glassdoor or whatever) IB VP associates make 200-225k base +50-150% of base in bonus. High end of those ranges is about $560k; as a BigLaw 6th year last year I made $490k; and people at K&E etc. made way more than that. Is WSO wrong or am I missing something?

VP and Associate are two different levels of seniority. In general, banking associate compensation exceeds that of biglaw. If someone graduated MBA, did 6 years of front office banking at a bulge or elite boutique, and makes under 560K then they probably suck.

Granted, lots of people at banks make way less than 560K, because so many people in NYC misrepresent themselves as front office investment bankers, when they’re actually doing “risk” or some other BS.

Hold up: (1) can you ballpark the difference bw a sixth year big law and “real” front office IB VP and (2) are those NYC VPs actually out earning their biglaw counterparts in non-NYC markets (correct me if I’m wrong but isn’t there comparably fewer IB roles than biglaw roles outside the city)

lol at the ongoing cope by some attorneys ITT. We make less than our equivalent peers in the IB world. Deal.

[Anonymous User]

6th year on current scale lockstep makes $535,000 with special bonuses. Most good firms will add $30,000 on top at least for above market hours of 2300-2400. Generally only top bucket will get VP promotion (25%) and even there you are likely to get between 500 and 600 for the next 2 years.

Honestly anyone with a pulse gets promoted to VP

Usually I make significantly more than my biglaw peers in the same class year

This year I made a bonkers amount more

Are you a VP? According to Wall Street Oasis, which I thought is reasonably legit (not like a Glassdoor or whatever) IB VP associates make 200-225k base +50-150% of base in bonus. High end of those ranges is about $560k; as a BigLaw 6th year last year I made $490k; and people at K&E etc. made way more than that. Is WSO wrong or am I missing something?

VP and Associate are two different levels of seniority. In general, banking associate compensation exceeds that of biglaw. If someone graduated MBA, did 6 years of front office banking at a bulge or elite boutique, and makes under 560K then they probably suck.

Granted, lots of people at banks make way less than 560K, because so many people in NYC misrepresent themselves as front office investment bankers, when they’re actually doing “risk” or some other BS.

Hold up: (1) can you ballpark the difference bw a sixth year big law and “real” front office IB VP and (2) are those NYC VPs actually out earning their biglaw counterparts in non-NYC markets (correct me if I’m wrong but isn’t there comparably fewer IB roles than biglaw roles outside the city)

lol at the ongoing cope by some attorneys ITT. We make less than our equivalent peers in the IB world. Deal.

This. Why do some people care so much about what these people at IB make?

[Anonymous User]

6th year on current scale lockstep makes $535,000 with special bonuses. Most good firms will add $30,000 on top at least for above market hours of 2300-2400. Generally only top bucket will get VP promotion (25%) and even there you are likely to get between 500 and 600 for the next 2 years.

Honestly anyone with a pulse gets promoted to VP

Usually I make significantly more than my biglaw peers in the same class year

This year I made a bonkers amount more

Are you a VP? According to Wall Street Oasis, which I thought is reasonably legit (not like a Glassdoor or whatever) IB VP associates make 200-225k base +50-150% of base in bonus. High end of those ranges is about $560k; as a BigLaw 6th year last year I made $490k; and people at K&E etc. made way more than that. Is WSO wrong or am I missing something?

VP and Associate are two different levels of seniority. In general, banking associate compensation exceeds that of biglaw. If someone graduated MBA, did 6 years of front office banking at a bulge or elite boutique, and makes under 560K then they probably suck.

Granted, lots of people at banks make way less than 560K, because so many people in NYC misrepresent themselves as front office investment bankers, when they’re actually doing “risk” or some other BS.

Hold up: (1) can you ballpark the difference bw a sixth year big law and “real” front office IB VP and (2) are those NYC VPs actually out earning their biglaw counterparts in non-NYC markets (correct me if I’m wrong but isn’t there comparably fewer IB roles than biglaw roles outside the city)

lol at the ongoing cope by some attorneys ITT. We make less than our equivalent peers in the IB world. Deal.

This. Why do some people care so much about what these people at IB make?

Thirded. Like, I have a bunch of friends who went the Bay Area startup route and were millionaires before age 30 without having to go to grad school. Good for them, but I'm conservative and uptight so I went to law school and took a different path to making a shitload of money. The fact that my shitload of money is half or a third as much as my friends' shitloads of money can't really bother me; it was my choice to make.

Speaking of money though, please sir (DPW), may I have some more?

[Anonymous User]

DPW for fuck's sake can you just announce a spring bonus scale & we can get back to billing for you and helping the partners pay the mortgages on their second vacation home in Tahoe. Thank

[NoLongerALurker]

6th year on current scale lockstep makes $535,000 with special bonuses. Most good firms will add $30,000 on top at least for above market hours of 2300-2400. Generally only top bucket will get VP promotion (25%) and even there you are likely to get between 500 and 600 for the next 2 years.

Honestly anyone with a pulse gets promoted to VP

Usually I make significantly more than my biglaw peers in the same class year

This year I made a bonkers amount more

Are you a VP? According to Wall Street Oasis, which I thought is reasonably legit (not like a Glassdoor or whatever) IB VP associates make 200-225k base +50-150% of base in bonus. High end of those ranges is about $560k; as a BigLaw 6th year last year I made $490k; and people at K&E etc. made way more than that. Is WSO wrong or am I missing something?

VP and Associate are two different levels of seniority. In general, banking associate compensation exceeds that of biglaw. If someone graduated MBA, did 6 years of front office banking at a bulge or elite boutique, and makes under 560K then they probably suck.

Granted, lots of people at banks make way less than 560K, because so many people in NYC misrepresent themselves as front office investment bankers, when they’re actually doing “risk” or some other BS.

Hold up: (1) can you ballpark the difference bw a sixth year big law and “real” front office IB VP and (2) are those NYC VPs actually out earning their biglaw counterparts in non-NYC markets (correct me if I’m wrong but isn’t there comparably fewer IB roles than biglaw roles outside the city)

lol at the ongoing cope by some attorneys ITT. We make less than our equivalent peers in the IB world. Deal.

This. Why do some people care so much about what these people at IB make?

I think it’s a golden child thing where people did all the “right” things and won all the gold stars and were their family’s pride and joy and always felt like they were winning life, then they look up from their redlines and data rooms and go “wait the dude I met in my math-requirement in college who I still follow on insta who shares stupid obnoxious memes all day is actually out earning me? That can’t be!”