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

[Anonymous User]

So, DC offices that have matched:

-Winstron Strawn
-Paul Weiss
-Cooley
-Sullivan and Cromwell
-Skadden
-STB
-Freshfields
-K&E
-Milbank
-Cleary
-DPW
-Cahill
-Debevoise
-Weil
-Quinn

But, Covington says $180k is not the going rate in DC. I hope all the Covington associates start leaving

FTFY- QE has DC office. DPW hasnt matched yet.

[Anonymous User]

I can confirm there are no bros on Covington's rooftop enjoying the nicest DC weather day in a while.

[Anonymous User]

COOLEY has matched. MoFo, WSGR, Fenwick, Gunderson, Orrick, Latham associates...get ready, you're all next!

WSGR associate here. FUCKING THRILLED.

Fenwick associate here. Thrilled as well. Who do you think is going to go next-Fenwick, WSGR, or Gunderson? My bet is on WSGR...

I dunno. WSGR can be pretty late in joining the party sometimes, especially w/r/t bonuses. Wouldn't be surprised if we drag

I can say the same for Fenwick, which is why I was betting on WSGR. We also have way less attorneys than you guys.

Another WSGR here, but from another office. I hope WSGR isn't too slow.

[Anonymous User]

It's clear that $180k is already putting pressure on some firms. But why wouldn't DPW or Latham not want to raise just a bit more to $190k and clearly differentiate between firms? Some firms immediately below V15-20 would literally not be able to pay that amount. It would finally create a two-tiered legal market and provide a concrete recruiting edge. This in turn might justify higher billable rates.

[unlicensedpotato]

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

[youtube]MpUWrl3-mc8[/youtube]

Use this all the time -- no one ever has a clue what I'm talking about

[bern victim]

It's clear that $180k is already putting pressure on some firms. But why wouldn't DPW or Latham not want to raise just a bit more to $190k and clearly differentiate between firms? Some firms immediately below V15-20 would literally not be able to pay that amount. It would finally create a two-tiered legal market and provide a concrete recruiting edge. This in turn might justify higher billable rates.

they should just keep the rest of the scale the same and pay first years a million dollars. no other firm would be able to afford first years. in 3-4 years those firms won't have any associates at all. starve the beast

[Anonymous User]

Any rumors on GDC?

[bern victim]

so what are the odds bonuses go back to the pre-DPW/STB scale and this is all a wash

[Anonymous User]

...any idea about munger?

doesn't the whole firm have to vote? that could take a minute. It was basically a done deal after Irell and HH though IMO. When Gibson and Latham go 180 it will complete the LA peer group.

[Br3v]

so what are the odds bonuses go back to the pre-DPW/STB scale and this is all a wash

Bonuses are still on the low end historically I think, so let's hope they maintain if not increase

[smaug]

so what are the odds bonuses go back to the pre-DPW/STB scale and this is all a wash

We will see what Cravath does there, I guess.

[jbagelboy]

so what are the odds bonuses go back to the pre-DPW/STB scale and this is all a wash

We will see what Cravath does there, I guess.

I bet Cravath keeps DPW bonuses.

[Anonymous User]

so what are the odds bonuses go back to the pre-DPW/STB scale and this is all a wash

We will see what Cravath does there, I guess.

Also, if it's exactly a wash, isn't it better having guaranteed compensation than lower compensation plus a bonus? I mean, it's the same thing, but much easier to plan for.

[Anonymous User]

so what are the odds bonuses go back to the pre-DPW/STB scale and this is all a wash

We will see what Cravath does there, I guess.

Also, if it's exactly a wash, isn't it better having guaranteed compensation than lower compensation plus a bonus? I mean, it's the same thing, but much easier to plan for.

Yeah, this is what I was thinking. Esp. if you are at a firm that pays market, but does some inexplicable bonus scheme like mine.

[abitaman6363]

Texas Update?

Kirkland
Skadden
Winston
Quinn Emanuel
Weil

I believe those are all the TX offices that have made the righteous jump. Still awaiting a major TX-based firm. As of yet, not everything is bigger in TX.

[Tiago Splitter]

so what are the odds bonuses go back to the pre-DPW/STB scale and this is all a wash

We will see what Cravath does there, I guess.

Also, if it's exactly a wash, isn't it better having guaranteed compensation than lower compensation plus a bonus? I mean, it's the same thing, but much easier to plan for.

Also first year bonuses would have to go to -$5k to make it a wash. Not impossible but unlikely.

[Actus Reus]

Davis Polk has matched. Shut it down folks. No 190.

all US offices. ATL WISHES THEY HAD MY CONNECTS

[imalreadyamember?]

...ATL needs a better way to show the posts in order, in one spot.

confirmed ATL monitoring this thread

[TLSModBot]

Davis Polk has matched. Shut it down folks. No 190.

whoa settle down there hoss; we still haven't heard from POTENTIAL LEADERS like White & Case

[Anonymous User]

Davis Polk has matched. Shut it down folks. No 190.

Surprised we did it today. All rumors I'd heard had us matching later.

[Anonymous User]

So, DC offices that have matched:

-Winstron Strawn
-Paul Weiss
-Cooley
-Sullivan and Cromwell
-Skadden
-STB
-Freshfields
-K&E
-Milbank
-Cleary
-DPW
-Cahill
-Debevoise
-Weil
-Quinn

But, Covington says $180k is not the going rate in DC. I hope all the Covington associates start leaving

FTFY- QE has DC office. DPW hasnt matched yet.

Covington looking dumb.

[Auxilio]

Cooley matching all offices--thats the first Seattle office I think.

They are already a minority there at 160, but have to think this puts some pressure on 145 firms to raise.

[Anonymous User]

So, DC offices that have matched:

-Winstron Strawn
-Paul Weiss
-Cooley
-Sullivan and Cromwell
-Skadden
-STB
-Freshfields
-K&E
-Milbank
-Cleary
-DPW
-Cahill
-Debevoise
-Weil
-Quinn

But, Covington says $180k is not the going rate in DC. I hope all the Covington associates start leaving

FTFY- QE has DC office. DPW hasnt matched yet.

Covington looking dumb.

Updated DC now with DPW matching

[Anonymous User]

Cooley matching all offices--thats the first Seattle office I think.

They are already a minority there at 160, but have to think this puts some pressure on 145 firms to raise.

That was also the first Colorado Match. Only a few were at 160 in Denver, but man, what a lifestyle with 180 in CO.

[Big Shrimpin]

as i look out my window onto the mfh streets below

a single tear adorns my eye

for i will never know the feeling

of NY to 190