NYC to 200k Forum

[Anonymous User]

K&S matched. Memos sent to each office.

Confirmed, though to be clear, Atlanta got a 10k raise (at least at the junior level), not a raise to the NYC/Texas starting salaries.

Can you post the new scale for Atlanta? Were there bonuses too?

[Anonymous User]

Breaking: skaTTTen summer bonus contingent on 2017 hours.

[Anonymous User]

K&S matched. Memos sent to each office.

Confirmed, though to be clear, Atlanta got a 10k raise (at least at the junior level), not a raise to the NYC/Texas starting salaries.

Can someone send memo to ATL?

[Anonymous User]

.

[Anonymous User]

Does anyone have the billing number for refreshing TLS and ATL constantly? Lots of time to put under that matter over the last few weeks. TIA. Losing hope. My firm is right at the border line.

[TheoO]

Does anyone have the billing number for refreshing TLS and ATL constantly? Lots of time to put under that matter over the last few weeks. TIA. Losing hope. My firm is right at the border line.

something related to attorney development?

[Anonymous User]

Someone just posted that Jenner and Block matched but with no bonus and then deleted it.

[Anonymous User]

Would still like more info on the K&S announcement. Were there bonuses?

[Anonymous User]

Would still like more info on the K&S announcement. Were there bonuses?

Yes. From ATL:

"Special bonuses will also be paid to associates on track to meet the hours requirement. If an associate does not meet that billing mark mid-year, they’ll have an opportunity to earn that special bonus at year end."

[Anonymous User]

https://abovethelaw.com/2018/06/season- ... -over-yet/

[Anonymous User]

Dear Boies Schiller,

You are now the highest PPP firm not to have matched. Given the K&S rumors, the next firm by PPP, Cadwalader (wtf that is), has a PPP $700k less than you. There is a mid-law firm's worth of PPP between you and the next guy. You sell yourself as above market. So respectfully, FUCKING MATCH ALREADY.

Its crazy embarassing for them. I hope someone at that firm is reading this

[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?

So for the record, K&S Atlanta is now at 165, 170, 185, 205 for the first few years. Not bad for Georgia.

[TheoO]

Dear Boies Schiller,

You are now the highest PPP firm not to have matched. Given the K&S rumors, the next firm by PPP, Cadwalader (wtf that is), has a PPP $700k less than you. There is a mid-law firm's worth of PPP between you and the next guy. You sell yourself as above market. So respectfully, FUCKING MATCH ALREADY.

Its crazy embarassing for them. I hope someone at that firm is reading this

Doesn't Boies already have a comp system that pays way above market?

[Anonymous User]

Dear Boies Schiller,

You are now the highest PPP firm not to have matched. Given the K&S rumors, the next firm by PPP, Cadwalader (wtf that is), has a PPP $700k less than you. There is a mid-law firm's worth of PPP between you and the next guy. You sell yourself as above market. So respectfully, FUCKING MATCH ALREADY.

Its crazy embarassing for them. I hope someone at that firm is reading this

Doesn't Boies already have a comp system that pays way above market?

No. That is the fakest of fake news. Read:
https://abovethelaw.com/2016/06/will-th ... s-bonuses/
https://abovethelaw.com/2018/02/boies-s ... e-notices/

[Anonymous User]

Dear Boies Schiller,

You are now the highest PPP firm not to have matched. Given the K&S rumors, the next firm by PPP, Cadwalader (wtf that is), has a PPP $700k less than you. There is a mid-law firm's worth of PPP between you and the next guy. You sell yourself as above market. So respectfully, FUCKING MATCH ALREADY.

Its crazy embarassing for them. I hope someone at that firm is reading this

Doesn't Boies already have a comp system that pays way above market?

No. That is the fakest of fake news. Read:
https://abovethelaw.com/2016/06/will-th ... s-bonuses/
https://abovethelaw.com/2018/02/boies-s ... e-notices/

Sorry not sure how "not everybody gets above market but everybody gets at least market and those that break it can break it big time" is "the fakest of fake news."

[Anonymous User]

Dear Boies Schiller,

You are now the highest PPP firm not to have matched. Given the K&S rumors, the next firm by PPP, Cadwalader (wtf that is), has a PPP $700k less than you. There is a mid-law firm's worth of PPP between you and the next guy. You sell yourself as above market. So respectfully, FUCKING MATCH ALREADY.

Its crazy embarassing for them. I hope someone at that firm is reading this

Doesn't Boies already have a comp system that pays way above market?

No. That is the fakest of fake news. Read:
https://abovethelaw.com/2016/06/will-th ... s-bonuses/
https://abovethelaw.com/2018/02/boies-s ... e-notices/

They used to. Post-2016, base salaries were only a sliver above and bonuses were only above for high billers. Now, they are substantially below, and to break even with market on your bonus you would have to bill a ridiculous amount. If Boies doesn’t change the formula and increase base, they will be below market for most associates.

[Anonymous User]

Dear Boies Schiller,

You are now the highest PPP firm not to have matched. Given the K&S rumors, the next firm by PPP, Cadwalader (wtf that is), has a PPP $700k less than you. There is a mid-law firm's worth of PPP between you and the next guy. You sell yourself as above market. So respectfully, FUCKING MATCH ALREADY.

Its crazy embarassing for them. I hope someone at that firm is reading this

Doesn't Boies already have a comp system that pays way above market?

No. That is the fakest of fake news. Read:
https://abovethelaw.com/2016/06/will-th ... s-bonuses/
https://abovethelaw.com/2018/02/boies-s ... e-notices/

I wouldn't exactly say fake news if a junior can get $100K for 2400: https://abovethelaw.com/2016/12/associa ... rs-bounty/
My understanding is the vast majority of associates beat market. The whole system is designed so there's a marginal benefit to each hour billed. Associates who bill 2400 get more than those who bill 2000. Yeah, this might mean that associates who bill 2000 might do better at a lockstep firm, but in that case you can just go to a lockstep firm. But if you're going to bill a lot, BSF is the better place to be (in theory anyway).

The question is whether this remains the case after these new raises. If they just bump base salaries, it'll be unclear. If they rework the comp formula, that could address a lot of associate grumblings.

[TheoO]

Dear Boies Schiller,

You are now the highest PPP firm not to have matched. Given the K&S rumors, the next firm by PPP, Cadwalader (wtf that is), has a PPP $700k less than you. There is a mid-law firm's worth of PPP between you and the next guy. You sell yourself as above market. So respectfully, FUCKING MATCH ALREADY.

Its crazy embarassing for them. I hope someone at that firm is reading this

Doesn't Boies already have a comp system that pays way above market?

No. That is the fakest of fake news. Read:
https://abovethelaw.com/2016/06/will-th ... s-bonuses/
https://abovethelaw.com/2018/02/boies-s ... e-notices/

They used to. Post-2016, base salaries were only a sliver above and bonuses were only above for high billers. Now, they are substantially below, and to break even with market on your bonus you would have to bill a ridiculous amount. If Boies doesn’t change the formula and increase base, they will be below market for most associates.

I see, thanks.

[Anonymous User]

Dear Boies Schiller,

You are now the highest PPP firm not to have matched. Given the K&S rumors, the next firm by PPP, Cadwalader (wtf that is), has a PPP $700k less than you. There is a mid-law firm's worth of PPP between you and the next guy. You sell yourself as above market. So respectfully, FUCKING MATCH ALREADY.

Its crazy embarassing for them. I hope someone at that firm is reading this

Doesn't Boies already have a comp system that pays way above market?

No. That is the fakest of fake news. Read:
https://abovethelaw.com/2016/06/will-th ... s-bonuses/
https://abovethelaw.com/2018/02/boies-s ... e-notices/

I wouldn't exactly say fake news if a junior can get $100K for 2400: https://abovethelaw.com/2016/12/associa ... rs-bounty/
My understanding is the vast majority of associates beat market. The whole system is designed so there's a marginal benefit to each hour billed. Associates who bill 2400 get more than those who bill 2000. Yeah, this might mean that associates who bill 2000 might do better at a lockstep firm, but in that case you can just go to a lockstep firm. But if you're going to bill a lot, BSF is the better place to be (in theory anyway).

The question is whether this remains the case after these new raises. If they just bump base salaries, it'll be unclear. If they rework the comp formula, that could address a lot of associate grumblings.

It is absolutely not the case that "the vast majority of associates beat market."

[Anonymous User]

Are K&S ATL/CLT getting the bonus?

[Anonymous User]

Are K&S ATL/CLT getting the bonus?

Yep.

[Anonymous User]

Are K&S ATL/CLT getting the bonus?

Yep.

Do we think the rest of ATL/CLT will match K&S?

[Anonymous User]

Are K&S ATL/CLT getting the bonus?

Yep.

Do we think the rest of ATL/CLT will match K&S?

A&B will. Troutman had some merger rumors so who knows with them. The other firms already paying 155 will probably match over time, just more drawn out like 2016.

[Anonymous User]

can't believe ATL beating WilmerFAIL

[Anonymous User]

Are K&S ATL/CLT getting the bonus?

Yep.

Do we think the rest of ATL/CLT will match K&S?

W&S, Dechert, MB and CWT already matched Cravath in Charlotte. I'm guessing the firms in ATL that were paying the same as K&S prior to the raise will follow along eventually.