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

[androstan]

ATL breaks the Covington news: http://abovethelaw.com/2016/06/biglaw-s ... ted-equal/

This is toxic. It will give cover to dozens of other V100 firms to not raise salaries in their non-NYC offices. Thanks, Covington!

So much for my hopes and dreams of a quick match in DC. If Covington isn't moving then I don't see why other DC-HQ'd/centric firms would feel the need to.

Maybe A&P or another big DC player will seize this opportunity to one-up big bad C&B?

Skadden has 300 attorneys in DC and matched for all offices. Pretty sure the rest will fall in line.

I should probably read a bit more before impulsively seeing the ATL article during a random 2 minute afternoon break and then posting on TLS. Also Winston!

[5ky]

Skadden and Winston have sizable DC offices. So do other firms likely to go 180 nationally, e.g. Kirkland, Sidley, Latham.

So how soon until CovingTTTon pulls a 180 to go 180?

WInston has less than 100 attorneys total, that wouldn't make a difference. Skadden + Latham + Kirkland + Gibson might be enough. Hard to say, I would think

[Anonymous User]

When will the big Boston firms do something?

Boston, unlike DC, is still very dominated by the traditional big firms there. I can't imagine Ropes not going to 180 at some point, but they're not going to feel the pressure like firms in other markets.

[soj]

.

[Anonymous User]

Skadden and Winston have sizable DC offices. So do other firms likely to go 180 nationally, e.g. Kirkland, Sidley, Latham.

So how soon until CovingTTTon pulls a 180 to go 180?

WInston has less than 100 attorneys total, that wouldn't make a difference. Skadden + Latham + Kirkland + Gibson might be enough. Hard to say, I would think

It would most definitely be enough.

[Anonymous User]

Skadden and Winston have sizable DC offices. So do other firms likely to go 180 nationally, e.g. Kirkland, Sidley, Latham.

So how soon until CovingTTTon pulls a 180 to go 180?

WInston has less than 100 attorneys total, that wouldn't make a difference. Skadden + Latham + Kirkland + Gibson might be enough. Hard to say, I would think

whats going on with gibson and latham

[Anonymous User]

Question for everyone receiving news from their firms: are incoming associates starting this fall (coming off a clerkship or C/O 2016) getting emails with the news from the firm itself, or hearing indirectly?

C/O 2016 going to PW, and I didn't get anything directly.

[Single-Malt-Liquor]

Come on Boston Three. Now is the time to SHATTER THE MARKET! Boston to 200K

[Anonymous User]

Kirkland just raised. matched.

[Anonymous User]

S&C officially matched.

[SplashBro]

Kirkland just raised.

why do you play with my emotions like that

[Cobretti]

Kirkland just raised.

Wut

[lonerider]

The Kelley Drye thing makes even less sense though since afaik they don't pay market (I believe 1st years start at 145k). So why bother chest thumping about not following cravath et al?

They were paying $160k in NYC since 2007, but may not have paid market for midlevels (and sure as shit weren't paying market bonuses). They've also bled PPP; I think they were over $1M at some point but are apparently down to $780k. So it makes sense that they'd eventually have to cry uncle; but LOL at broadcasting your failure to compete like that. Shit, it's okay if you can't bench two plates, but I wouldn't announce it to the whole locker room.

His quote was meant for clients. He is probably of the view the market for lawyers is over saturated and he will still be able to recruit good enough people.

[Anonymous User]

Kirkland matched; my friend just sent me a screenshot. All offices.

[imalreadyamember?]

Kirkland just raised.

Can we get an IP ban here?

[Big Shrimpin]

just heard that in lieu of raises we will be receiving free 24/7 access to unlimited amounts of ALL varieties of

PEPPERIDGE FARM COOKIES (apparently also a customary perk at WLRK)

Just burst out laughing at this as a partner walked by

tbh i do this every time monochromatic oeuvre (sp?) poasts

[Anonymous User]

Kirkland matched; my friend just sent me a screenshot. All offices.

Confirmed. Kirkland matched.

[Anonymous User]

Kirkland matched; my friend just sent me a screenshot. All offices.

All "U.S.-based associates."

[rpupkin]

Kirkland just raised.

Can we get an IP ban here?

Anon was just being sloppy. He meant "raised" from 160, not "I call your 180 and raise to 190!"

[Anonymous User]

K&E match.

[sublime]

..

[imalreadyamember?]

Kirkland just raised.

Can we get an IP ban here?

Anon was just being sloppy. He meant "raised" from 160, not "I call your 180 and raise to 190!"

Yea, that was my interpretation. I edited it to make it clearer.

Ah, my bad. Poker background doesn't help.

[Anonymous User]

Wow that was very much my bad. I just wanted to get the news out there quickly.

[Anonymous User]

Freshfields matched NYC and DC

[Br3v]

What is going on in the office at Covington right now? It has got to be tense.