NYC to 200k Forum

[Anonymous User]

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.

Right now Atlanta and Charlotte are both 155, 160, 170, 185, 200. Southeast to 165 maybe?

[Anonymous User]

Haven't seen anything about it but dla piper matched. (EDIT: No summer bonuses though.)

LOL at dla piper paying more than Paul HasTTTings, WilmerFail and Arnold and PorTTTer.

[Anonymous User]

LOL at DLA Piper paying more than Paul HasTTTings, WilmerFail and Arnold and PorTTTer.

Shame

[NakedPowerOrgan]

23 days after Milbank’s raise announcement, 21 days after STB’s bonus announcement, and 16 days after Cravath’s raises-for-senior-associates announcement, these are the firms that remain:

Wall of Shame for Firms Yet to Announce:

• Kirkland ($4.70MM PPP, 44.7% L5Y PPP growth, 3.0 EP:Assoc. leverage)
  Davis Polk ($3.70MM PPP, 50.7% L5Y PPP growth, 3.5 EP:Assoc. leverage)
  Weil ($3.64MM PPP, 63.2% L5Y PPP growth, 3.8 EP:Assoc. leverage)
  Paul Weiss ($4.56MM PPP, 36.2% L5Y PPP growth, 3.6 EP:Assoc. leverage)
  Milbank ($3.46MM PPP, 41.5% L5Y PPP growth, 2.6 EP:Assoc. leverage)
  Simpson ($3.68MM PPP, 38.2% L5Y PPP growth, 3.2 EP:Assoc. leverage)
  Fried Frank ($2.94MM PPP, 123.7% L5Y PPP growth, 2.9 EP:Assoc. leverage)
  SullCrom ($4.27MM PPP, 23.8% L5Y PPP growth, 3.1 EP:Assoc. leverage)
  Skadden ($3.47MM PPP, 32.7% L5Y PPP growth, 2.5 EP:Assoc. leverage)
  Willkie ($2.97MM PPP, 43.4% L5Y PPP growth, 2.8 EP:Assoc. leverage)
  Akin Gump ($2.39MM PPP, 54.9% L5Y PPP growth, 2.0 EP:Assoc. leverage)
  
  1. Paul Hastings ($2.91MM PPP, 39.7% L5Y PPP growth, 2.8 EP:Assoc. leverage)
  
  Latham ($3.25MM PPP, 33.0% L5Y PPP growth, 3.0 EP:Assoc. leverage)
  Vinson & Elkins ($2.36MM PPP, 60.6% L5Y PPP growth, 3.2 EP:Assoc. leverage)
  
  2. Boies ($3.27MM PPP, 20.1% L5Y PPP growth, 2.0 EP:Assoc. leverage)
  
  Shearman ($2.32MM PPP, 52.4% L5Y PPP growth, 2.6 EP:Assoc. leverage)
  Quinn ($4.74MM PPP, 6.8% L5Y PPP growth, 2.5 EP:Assoc. leverage)
  
  3. King & Spalding ($2.61MM PPP, 31.2% L5Y PPP growth, 2.1 EP:Assoc. leverage)
  
  Cravath ($4.00MM PPP, 14.2% L5Y PPP growth, 4.3 EP:Assoc. leverage)
  Ropes ($2.32MM PPP, 46.1% L5Y PPP growth, 3.2 EP:Assoc. leverage)
  Gibson Dunn ($3.24MM PPP, 15.3% L5Y PPP growth, 2.8 EP:Assoc. leverage)
  Goodwin ($2.15MM PPP, 42.0% L5Y PPP growth, 2.3 EP:Assoc. leverage)
  Dechert ($2.68MM PPP, 27.8% L5Y PPP growth, 3.4 EP:Assoc. leverage)[/s]
  
  4. WilmerHale ($2.12MM PPP, 44.9% L5Y PPP growth, 2.2 EP:Assoc. leverage)
  
  Cahill ($3.69MM PPP, 3.9% L5Y PPP growth, 2.8 EP:Assoc. leverage)
  Schulte ($2.56MM PPP, 21.6% L5Y PPP growth, 2.1 EP:Assoc. leverage)
  Debevoise ($2.83MM PPP, 36.2% L5Y PPP growth, 5.3 EP:Assoc. leverage)
  Proskauer ($2.37MM PPP, 27.9% L5Y PPP growth, 2.5 EP:Assoc. leverage)
  Winston ($2.16MM PPP, 44.8% L5Y PPP growth, 3.2 EP:Assoc. leverage)
  Cooley ($2.08MM PPP, 39.4% L5Y PPP growth, 2.4 EP:Assoc. leverage)
  Cleary ($3.07MM PPP, 17.3% L5Y PPP growth, 3.7 EP:Assoc. leverage)
  Wilson Sonsini ($2.21MM PPP, 34.4% L5Y PPP growth, 3.5 EP:Assoc. leverage)
  White & Case ($2.26MM PPP, 32.9% L5Y PPP growth, 3.8 EP:Assoc. leverage)
  Sidley ($2.26MM PPP, 25.6% L5Y PPP growth, 2.8 EP:Assoc. leverage)
  Baker Botts ($1.84MM PPP, 35.1% L5Y PPP growth, 1.9 EP:Assoc. leverage)
  Kramer Levin ($2.15MM PPP, 28.5% L5Y PPP growth, 3.1 EP:Assoc. leverage)
  
  5. Sheppard ($1.71MM PPP, 35.2% L5Y PPP growth, 2.4 EP:Assoc. leverage)
  6. Cadwalader ($2.51MM PPP, 5.3% L5Y PPP decline, 4.5 EP:Assoc. leverage)
  7. Alston & Bird ($1.93MM PPP, 12.3% L5Y PPP growth, 1.2 EP:Assoc. leverage)
  
  Mayer Brown ($1.58MM PPP, 37.0% L5Y PPP growth, 2.5 EP:Assoc. leverage)
  
  8. Holland & Knight ($1.36MM PPP, 43.2% L5Y PPP growth, 2.1 EP:Assoc. leverage)
  9. Fragomen ($1.98MM PPP, 31.4% L5Y PPP growth, 4.2 EP:Assoc. leverage)
  
  DLA Piper ($1.76MM PPP, 34.1% L5Y PPP growth, 3.5 EP:Assoc. leverage)
  McDermott ($1.71MM PPP, 17.3% L5Y PPP growth, 1.8 EP:Assoc. leverage)
  
  10. Katten ($1.57MM PPP, 19.8% L5Y PPP growth, 1.7 EP:Assoc. leverage)
  
  O'Melveny ($2.01MM PPP, 2.5% L5Y PPP decline, 3.3 EP:Assoc. leverage)
  Orrick ($1.86MM PPP, 14.3% L5Y PPP growth, 3.8 EP:Assoc. leverage)
  Covington ($1.54MM PPP, 22.0% L5Y PPP growth, 2.0 EP:Assoc. leverage)
  
  11. Greenberg ($1.63MM PPP, 20.1% L5Y PPP growth, 2.2 EP:Assoc. leverage)
  
  MoFo ($1.74MM PPP, 18.1% L5Y PPP growth, 2.7 EP:Assoc. leverage)
  Fenwick ($1.51MM PPP, 31.0% L5Y PPP growth, 2.8 EP:Assoc. leverage)
  
  12. Fish & Richardson ($1.63MM PPP, 9.8% L5Y PPP growth, 1.5 EP:Assoc. leverage)
  13. Jenner ($1.42MM PPP, 4.9% L5Y PPP decline, 1.7 EP:Assoc. leverage)
  
  Baker McKenzie ($1.30MM PPP, 19.3% L5Y PPP growth, 2.7 EP:Assoc. leverage)
  Morgan Lewis ($1.37MM PPP, 11.7% L5Y PPP decline, 1.3 EP:Assoc. leverage)

Legend:
New York
California
Washington, D.C.
Chicago
Houston
Boston
Atlanta
Philadelphia
Florida

[Anonymous User]

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.

Right now Atlanta and Charlotte are both 155, 160, 170, 185, 200. Southeast to 165 maybe?

$2.6+ million PPP and paying $155K at headquarters. Amazing.

[Anonymous User]

I wonder what Greenberg will do when all of the other firms around them raise salaries. They put themselves in a hole by proclaiming that were not going to raise salaries

[Anonymous User]

DLA Piper belongs on the wall of shame still. No bonuses.

[NakedPowerOrgan]

DLA Piper belongs on the wall of shame still. No bonuses.

There will be a retrospective wall of shame for firms that didn't give bonuses, tied them to hours, etc.

[Anonymous User]

I wonder what Greenberg will do when all of the other firms around them raise salaries. They put themselves in a hole by proclaiming that were not going to raise salaries

The will have to pull a CovingTTTon eventually.

[Anonymous User]

First year at a holdout firm. Just got a "better pay" recruiter email. At what point to people start considering these?

[Anonymous User]

First year at a holdout firm. Just got a "better pay" recruiter email. At what point to people start considering these?

It all depends on your circumstances. It generally takes 2-4 months to lateral. If you're on track to get an end-of-year bonus, you might wanna stay until then (i.e., apply to firms 2 months before bonuses are paid out) (some firms will do signing bonuses to ensure you get the bonus, but some won't).

[Anonymous User]

First year at a holdout firm. Just got a "better pay" recruiter email. At what point to people start considering these?

The recruiters should refer to the firms that raised as more prestigious firms. Because they are now.

[Anonymous User]

First year at a holdout firm. Just got a "better pay" recruiter email. At what point to people start considering these?

Depends on where you're at. Boies is pretty sure to match and I would go from there to DLA Piper. Also wouldn't move from WilmerHale to Baker McKenzie or something.

Odds are decent PH matches, and maybe K&S. If you're at any other firm, I'd take the call.

[Anonymous User]

First year at a holdout firm. Just got a "better pay" recruiter email. At what point to people start considering these?

I'm at a firm that hasn't announced raises and bonuses yet but really should have. If they don't do so by the end of the week, I'm going to start putting out feelers over the weekend to lateral out. I essentially have a standing offer at a V10 firm (which is also Chambers & Partners - Band 1 in my practice area) from a partner there who's promised to bring me on board if I should ever choose to lateral. Might see if he wants to grab coffee on Monday.

[Anonymous User]

First year at a holdout firm. Just got a "better pay" recruiter email. At what point to people start considering these?

Depends on where you're at. Boies is pretty sure to match and I would go from there to DLA Piper. Also wouldn't move from WilmerHale to Baker McKenzie or something.

Odds are decent PH matches, and maybe K&S. If you're at any other firm, I'd take the call.

If Boies matches, why would you leave there for DLA? That seems like a career-limiting move for the same pay. But would be interested in your thinking, esp since you would not move from WH to a lower-ranked, less prestigious place (like B&M).

[Anonymous User]

If Boies matches, why would you leave there for DLA? That seems like a career-limiting move for the same pay. But would be interested in your thinking, esp since you would not move from WH to a lower-ranked, less prestigious place (like B&M).

i'm only a lowly associate at a holdouTTT firm, but i'm pretty sure that was a typo.

[Anonymous User]

First year at a holdout firm. Just got a "better pay" recruiter email. At what point to people start considering these?

It all depends on your circumstances. It generally takes 2-4 months to lateral. If you're on track to get an end-of-year bonus, you might wanna stay until then (i.e., apply to firms 2 months before bonuses are paid out) (some firms will do signing bonuses to ensure you get the bonus, but some won't).

If you lateral within 12 months of starting, does the firm have the right to claim all the bar prep costs, relocation costs, etc. back?

[Anonymous User]

First year at a holdout firm. Just got a "better pay" recruiter email. At what point to people start considering these?

Depends on where you're at. Boies is pretty sure to match and I wouldn't go from there to DLA Piper. Also wouldn't move from WilmerHale to Baker McKenzie or something.

Odds are decent PH matches, and maybe K&S. If you're at any other firm, I'd take the call.

If Boies matches, why would you leave there for DLA? That seems like a career-limiting move for the same pay. But would be interested in your thinking, esp since you would not move from WH to a lower-ranked, less prestigious place (like B&M).

Yeah it was a typo, meant to say wouldn't. I wouldn't move from WH because I think they're likely to match as well. If WH doesn't match, of course I'd leave.

[Anonymous User]

First year at a holdout firm. Just got a "better pay" recruiter email. At what point to people start considering these?

It all depends on your circumstances. It generally takes 2-4 months to lateral. If you're on track to get an end-of-year bonus, you might wanna stay until then (i.e., apply to firms 2 months before bonuses are paid out) (some firms will do signing bonuses to ensure you get the bonus, but some won't).

If you lateral within 12 months of starting, does the firm have the right to claim all the bar prep costs, relocation costs, etc. back?

At my firm at least, yes. Pay back everything in full.

[Anonymous User]

First year at a holdout firm. Just got a "better pay" recruiter email. At what point to people start considering these?

It all depends on your circumstances. It generally takes 2-4 months to lateral. If you're on track to get an end-of-year bonus, you might wanna stay until then (i.e., apply to firms 2 months before bonuses are paid out) (some firms will do signing bonuses to ensure you get the bonus, but some won't).

If you lateral within 12 months of starting, does the firm have the right to claim all the bar prep costs, relocation costs, etc. back?

At my firm at least, yes. Pay back everything in full.

Might be negotiable though. I lateraled from a V5 to a V20 last year, although in the same city so didn't have to worry about bar prep costs, etc. But I did ask for a large signing bonus and got it. (I put in my 2 weeks after year-end bonuses were paid at my V5, so signing bonus wasn't to make up for lost year-end bonus.) The offer letter originally had a full clawback if I left within 12 months, but I asked if it could be revised so that I would only have to pay back a prorated amount if I left within 12 months, and they agreed without hesitation.

[Anonymous User]

First year at a holdout firm. Just got a "better pay" recruiter email. At what point to people start considering these?

It all depends on your circumstances. It generally takes 2-4 months to lateral. If you're on track to get an end-of-year bonus, you might wanna stay until then (i.e., apply to firms 2 months before bonuses are paid out) (some firms will do signing bonuses to ensure you get the bonus, but some won't).

If you lateral within 12 months of starting, does the firm have the right to claim all the bar prep costs, relocation costs, etc. back?

At my firm at least, yes. Pay back everything in full.

Might be negotiable though. I lateraled from a V5 to a V20 last year, although in the same city so didn't have to worry about bar prep costs, etc. But I did ask for a large signing bonus and got it. (I put in my 2 weeks after year-end bonuses were paid at my V5, so signing bonus wasn't to make up for lost year-end bonus.) The offer letter originally had a full clawback if I left within 12 months, but I asked if it could be revised so that I would only have to pay back a prorated amount if I left within 12 months, and they agreed without hesitation.

Thats awesome you were able to do that, but at my firm (and it has happened) if you leave at day 2 or day 362, pay back in full. Sucks.

[Anonymous User]

First year at a holdout firm. Just got a "better pay" recruiter email. At what point to people start considering these?

It all depends on your circumstances. It generally takes 2-4 months to lateral. If you're on track to get an end-of-year bonus, you might wanna stay until then (i.e., apply to firms 2 months before bonuses are paid out) (some firms will do signing bonuses to ensure you get the bonus, but some won't).

If you lateral within 12 months of starting, does the firm have the right to claim all the bar prep costs, relocation costs, etc. back?

At my firm at least, yes. Pay back everything in full.

Might be negotiable though. I lateraled from a V5 to a V20 last year, although in the same city so didn't have to worry about bar prep costs, etc. But I did ask for a large signing bonus and got it. (I put in my 2 weeks after year-end bonuses were paid at my V5, so signing bonus wasn't to make up for lost year-end bonus.) The offer letter originally had a full clawback if I left within 12 months, but I asked if it could be revised so that I would only have to pay back a prorated amount if I left within 12 months, and they agreed without hesitation.

Thats awesome you were able to do that, but at my firm (and it has happened) if you leave at day 2 or day 362, pay back in full. Sucks.

Do you know if people have ever tried to negotiate it successfully?

[Anonymous User]

Gotta love how this thread has already moved from "Has my firm matched?" to "How do I lateral?"

[Anonymous User]

First year at a holdout firm. Just got a "better pay" recruiter email. At what point to people start considering these?

It all depends on your circumstances. It generally takes 2-4 months to lateral. If you're on track to get an end-of-year bonus, you might wanna stay until then (i.e., apply to firms 2 months before bonuses are paid out) (some firms will do signing bonuses to ensure you get the bonus, but some won't).

If you lateral within 12 months of starting, does the firm have the right to claim all the bar prep costs, relocation costs, etc. back?

At my firm at least, yes. Pay back everything in full.

Might be negotiable though. I lateraled from a V5 to a V20 last year, although in the same city so didn't have to worry about bar prep costs, etc. But I did ask for a large signing bonus and got it. (I put in my 2 weeks after year-end bonuses were paid at my V5, so signing bonus wasn't to make up for lost year-end bonus.) The offer letter originally had a full clawback if I left within 12 months, but I asked if it could be revised so that I would only have to pay back a prorated amount if I left within 12 months, and they agreed without hesitation.

Thats awesome you were able to do that, but at my firm (and it has happened) if you leave at day 2 or day 362, pay back in full. Sucks.

Do you know if people have ever tried to negotiate it successfully?

I asked as was told no. I have no idea how many others tried. But back to the general question, some firms will make you pay back your bonus in full. Depends on the language in your offer letter.

[Anonymous User]

Gotta love how this thread has already moved from "Has my firm matched?" to "How do I lateral?"

Because basically every firm that matters has already matched except Paul HasTTTings and WilmerFail. And whatever a "Cadwalader" is.