NYC to 200k Forum

[Anonymous User]

You are right. K&S hasn't matched because they are based in Atlanta. In fact, they are the only good firm with a substantial presence in Atlanta. A&B is ok, but at best a second rate shop. The other firms based there are just a bunch of K&S and A&B castoffs. K&S controls the market with maybe the tiniest consideration of A&B. But given that the managing partners of K&S and A&B are brothers... let's just say all the associates in Atlanta know that they are getting nothing, except eventually replaced by the next wave of Emory graduates.

Yes, but K&S has big offices in Houston and DC, and other offices in Chicago, California, and NYC. They are competing for talent (and business) against 90% of the firms that raised in those markets.

K&S is doing raises plus bonus in all offices. Raises and bonuses are localized (ie, full match and bonus in all offices but ATL and CHA, with ATL and CHA amounts TBD). No memos yet but go ask a partner you trust.

Raises effective July 1. Bonuses July 31 tied to hours.

Anyone confirm?

Email went to all partners from Robert. Doubt anyone here can confirm unless they chat with a partner. Lisa Keyes was copied as the contact person.

All partners or all equity partners? Also, when will they announce to the associates?

[Anonymous User]

You are right. K&S hasn't matched because they are based in Atlanta. In fact, they are the only good firm with a substantial presence in Atlanta. A&B is ok, but at best a second rate shop. The other firms based there are just a bunch of K&S and A&B castoffs. K&S controls the market with maybe the tiniest consideration of A&B. But given that the managing partners of K&S and A&B are brothers... let's just say all the associates in Atlanta know that they are getting nothing, except eventually replaced by the next wave of Emory graduates.

Yes, but K&S has big offices in Houston and DC, and other offices in Chicago, California, and NYC. They are competing for talent (and business) against 90% of the firms that raised in those markets.

K&S is doing raises plus bonus in all offices. Raises and bonuses are localized (ie, full match and bonus in all offices but ATL and CHA, with ATL and CHA amounts TBD). No memos yet but go ask a partner you trust.

Raises effective July 1. Bonuses July 31 tied to hours.

Anyone confirm?

Email went to all partners from Robert. Doubt anyone here can confirm unless they chat with a partner. Lisa Keyes was copied as the contact person.

All partners or all equity partners? Also, when will they announce to the associates?

All partners (income and EPs). No clue re associate announcement.

[Anonymous User]

Source at Wilmer says partners are planning on not giving summer bonuses and are just trying to figure out how to word the memo to associates.

[Anonymous User]

Source at Wilmer says partners are planning on not giving summer bonuses and are just trying to figure out how to word the memo to associates.

I hope you're trolling because that's some TTT shit.

[Anonymous User]

more specifics on said "source" required.

[Anonymous User]

This K&S guy trolling?

[Anonymous User]

Source at Wilmer says partners are planning on not giving summer bonuses and are just trying to figure out how to word the memo to associates.

Not a WH associate, so no skin in the game, but no way this is true.

[Anonymous User]

This K&S guy trolling?

Sounds legit, but I did not confirm with a partner.

[Anonymous User]

Source at Wilmer says partners are planning on not giving summer bonuses and are just trying to figure out how to word the memo to associates.

Not a WH associate, so no skin in the game, but no way this is true.

WilmerHale associate here. Like a 3% chance this is true. If so, however, there will be riots. Mid-levels here are overworked and frustrated as it is, never mind that we are going to be the last (and I mean last) firm to match.

[Anonymous User]

i'm not anon above, but the rumor is that WilmerFAIL spent too much money on their "upgraded" website and can't afford the bonuses.

[Anonymous User]

holy shit NYC to 210k

how do I get a job here

https://abovethelaw.com/2018/06/elite-f ... pensation/

[Anonymous User]

mofo just matched. hours requirement for bonus. effective 7/1 (summers too)

[Anonymous User]

holy shit NYC to 210k

how do I get a job here

https://abovethelaw.com/2018/06/elite-f ... pensation/

I know a guy that works here and he is the most overworked person I've ever met.

[Anonymous User]

i'm not anon above, but the rumor is that WilmerFAIL spent too much money on their "upgraded" website and can't afford the bonuses.

I hear they went over with reimbursing associates' dinners.

[Anonymous User]

PH associate here. Got an invite for a firmwide panel called “A View from the Top,” to discuss “what it’s like being a partner in BigLaw.” No joke. Subtle sign that there will be no raises or bonuses, and this panel is going to be a group of partners telling us how great $3M PPP is? (Spoiler: So much better than $2.9M PPP!)

[Anonymous User]

PH associate here. Got an invite for a firmwide panel called “A View from the Top,” to discuss “what it’s like being a partner in BigLaw.” No joke. Subtle sign that there will be no raises or bonuses, and this panel is going to be a group of partners telling us how great $3M PPP is? (Spoiler: So much better than $2.9M PPP!)

How is this a sign that they won't match? There goes their rankings that they seem to care so much about.

[Anonymous User]

PH associate here. Got an invite for a firmwide panel called “A View from the Top,” to discuss “what it’s like being a partner in BigLaw.” No joke. Subtle sign that there will be no raises or bonuses, and this panel is going to be a group of partners telling us how great $3M PPP is? (Spoiler: So much better than $2.9M PPP!)

How is this a sign that they won't match? There goes their rankings that they seem to care so much about.

IF WE WANT TO MAKE MONEY, THEN WE SHOULD STRIVE FOR DAT BIGLAWPARTNERVIEWFROMTHETOPLIFE

[Anonymous User]

K&S is doing raises plus bonus in all offices. Raises and bonuses are localized (ie, full match and bonus in all offices but ATL and CHA, with ATL and CHA amounts TBD). No memos yet but go ask a partner you trust.

Raises effective July 1. Bonuses July 31 tied to hours.

Anyone confirm?

Email went to all partners from Robert. Doubt anyone here can confirm unless they chat with a partner. Lisa Keyes was copied as the contact person.

All partners or all equity partners? Also, when will they announce to the associates?

All partners (income and EPs). No clue re associate announcement.

I really want to believe this is true. Any idea what the scale for Atlanta/Charlotte was, for raises and bonuses?

[Anonymous User]

Is it possible that some firms are struggling for capital to pay the summer bonuses? Some firms give partner distributions in the late spring, so they may be low on cash for paying bonuses at this point.

[Anonymous User]

Is it possible that some firms are struggling for capital to pay the summer bonuses? Some firms give partner distributions in the late spring, so they may be low on cash for paying bonuses at this point.

Maybe, but the most likely rationale for the major outstanding firms at this point is just indifference from partners and management.

[Anonymous User]

Is it possible that some firms are struggling for capital to pay the summer bonuses? Some firms give partner distributions in the late spring, so they may be low on cash for paying bonuses at this point.

Maybe, but the most likely rationale for the major outstanding firms at this point is just indifference from partners and management.

Indifference or perhaps active hatred toward associates, with a side of resentment of the fact that associates sometimes have hobbies or friends.

[Anonymous User]

Is it possible that some firms are struggling for capital to pay the summer bonuses? Some firms give partner distributions in the late spring, so they may be low on cash for paying bonuses at this point.

Maybe, but the most likely rationale for the major outstanding firms at this point is just indifference from partners and management.

Indifference or perhaps active hatred toward associates, with a side of resentment of the fact that associates sometimes have hobbies or friends.

Sort of. I mean we bargain away these mystical hobbies or friends for market rate. We only feel resentment when partners don't hold up their end of the bargain.

[Anonymous User]

K&S is doing raises plus bonus in all offices. Raises and bonuses are localized (ie, full match and bonus in all offices but ATL and CHA, with ATL and CHA amounts TBD). No memos yet but go ask a partner you trust.

Raises effective July 1. Bonuses July 31 tied to hours.

Anyone confirm?

Email went to all partners from Robert. Doubt anyone here can confirm unless they chat with a partner. Lisa Keyes was copied as the contact person.

All partners or all equity partners? Also, when will they announce to the associates?

All partners (income and EPs). No clue re associate announcement.

I really want to believe this is true. Any idea what the scale for Atlanta/Charlotte was, for raises and bonuses?

I think K&S Atlanta currently goes 155, 160, 175, 190 for the first few years - not sure if there are bigger raises down the road. No idea what Charlotte's at.

[Anonymous User]

Where is A&P?!?!?!?!

[malibustacy]

PH associate here. Got an invite for a firmwide panel called “A View from the Top,” to discuss “what it’s like being a partner in BigLaw.” No joke. Subtle sign that there will be no raises or bonuses, and this panel is going to be a group of partners telling us how great $3M PPP is? (Spoiler: So much better than $2.9M PPP!)

There's no way Paul Hastings doesn't match. It's suicide for a firm of that financial caliber not to match its peers.