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

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Who will join the CovingTTTon list next?

WilmerHale
15
6%
Arnold & Porter
23
10%
Hogan Lovells
12
5%
Akin Gump
7
3%
Jones Day
114
47%
Jenner & Block
8
3%
Paul Hastings
7
3%
WachTTTell
23
10%
Other
7
3%
No one! YAY!
25
10%
 
Total votes: 241

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Br3v

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Re: NY GOES TO 180k! IT HAPPENED!!!! (CovingTTTon to 160?!?)

Post by Br3v » Wed Jun 08, 2016 8:31 pm

RaceJudicata wrote:Eric Holder must have cost a shit ton...or maybe he got the shaft to
Covington rapidly liquidating to meet in middle with $175 and ALBERTO GONZALES

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Re: NY GOES TO 180k! IT HAPPENED!!!! (CovingTTTon to 160?!?)

Post by Anonymous User » Wed Jun 08, 2016 8:32 pm

Anonymous User wrote:
abitaman6363 wrote:
Anonymous User wrote:
abitaman6363 wrote: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.
Don't forget STB!
Ah--that's right. The Kirkland match (and their recent poaching in Houston) should be enough motivation to cause a response by TX-based firms.
Are they poaching midlevels and seniors only or any juniors? Incoming first-year at a Texas-based firm that almost certainly won't match...
All classes across the board.

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Re: NY GOES TO 180k! IT HAPPENED!!!! (CovingTTTon to 160?!?)

Post by Anonymous User » Wed Jun 08, 2016 8:36 pm

It's kosher, I assume, if you're a clerk who's accepted an offer at a firm in ny/DC tbag doesn't match, to explore other options in lieu of returning to make substantially less than others who are similarly situated ?

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sublime

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Re: NY GOES TO 180k! IT HAPPENED!!!! (CovingTTTon to 160?!?)

Post by sublime » Wed Jun 08, 2016 8:36 pm

..

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TLSModBot

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Re: NY GOES TO 180k! IT HAPPENED!!!! (CovingTTTon to 160?!?)

Post by TLSModBot » Wed Jun 08, 2016 8:37 pm

Anonymous User wrote:It's kosher, I assume, if you're a clerk who's accepted an offer at a firm in ny/DC tbag doesn't match, to explore other options in lieu of returning to make substantially less than others who are similarly situated ?
This is pretty much what Quinn was counting on anyway

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imalreadyamember?

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Re: NY GOES TO 180k! IT HAPPENED!!!! (CovingTTTon to 160?!?)

Post by imalreadyamember? » Wed Jun 08, 2016 8:39 pm

Anonymous User wrote:It's kosher, I assume, if you're a clerk who's accepted an offer at a firm in ny/DC tbag doesn't match, to explore other options in lieu of returning to make substantially less than others who are similarly situated ?
Fitting typo.

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Post by soj » Wed Jun 08, 2016 8:40 pm

.

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El Pollito

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Re: NY GOES TO 180k! IT HAPPENED!!!! (CovingTTTon to 160?!?)

Post by El Pollito » Wed Jun 08, 2016 8:43 pm

i think we're going to get there soon

everybody dance now

*except covington dc associates

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Monochromatic Oeuvre

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Re: NY GOES TO 180k! IT HAPPENED!!!! (CovingTTTon to 160?!?)

Post by Monochromatic Oeuvre » Wed Jun 08, 2016 8:47 pm

Anonymous User wrote:
Anonymous User wrote:
Big Shrimpin wrote:
Monochromatic Oeuvre wrote:
Big Shrimpin wrote:Covington summers waiting on HOT/SWAMPYmetro platform for 20+ mins waiting for CROWDED TRAIN home to SHIT apt out in SUBURBS to cop dat MAC-DO's DINNER and masturbate with TEARS

skadden et al summers taking UBER SUV, sprawled-out pumpin DAT A/C on way to CRUSH ROOFTOP BAR SCENE in ADAMS MORGAN late into night and crashing at SICK apartment down the street in DUPONT CIRCLE
MoFo litigators proudly throwing out their Cuervo as they finally upgrade to Patron for the stuck-up blonde transplant nines from Indiana
As if their sheer DOMINANCE of the MARINA ROOFTOP SCENE wasn't enough!
It's not over until they take NORTH BEACH
North Beach >>>>>>>.

Also, did I miss news of a MoFo announcement or are we just assuming at this point?
(Guy who cannot identify all those ALPHA LITIGATORS *literally* carrying his giggling girlfriend out of the bar like pallbearers carrying the coffin of his self-respect)

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Big Shrimpin

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Re: NY GOES TO 180k! IT HAPPENED!!!! (CovingTTTon to 160?!?)

Post by Big Shrimpin » Wed Jun 08, 2016 8:50 pm

soj wrote:cov has a beautiful new building smack dab in the middle of dc surrounded by top-end stores. the building itself also hosts gucci, hugo boss, and louis vuitton. i'm sure the associates at cov will be seeing a lot more of chill sociable skadden bros around the office DOMINATING depos all morning and CLEANING UP at dior by lunch time. don't worry, guys, there's always the nordstrom clearance rack!
its sad rly

covington associates with HOLES in their cole haans and FORLORN looks on their faces as chill, fratty skadden bros STYLE on them with FRESH ferragamos and relaxed, fulfilled SMILES on their faces

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soj

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Post by soj » Wed Jun 08, 2016 8:53 pm

.

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Monochromatic Oeuvre

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Re: NY GOES TO 180k! IT HAPPENED!!!! (CovingTTTon to 160?!?)

Post by Monochromatic Oeuvre » Wed Jun 08, 2016 8:54 pm

soj wrote:cov has a beautiful new building smack dab in the middle of dc surrounded by top-end stores. the building itself also hosts gucci, hugo boss, and louis vuitton. i'm sure the associates at cov will be seeing a lot more of chill sociable skadden bros around the office DOMINATING depos all morning and CLEANING UP at dior by lunch time. don't worry, guys, there's always the nordstrom clearance rack!
Skadden bros on the way to lunch at Vidalia nearly running into Covington nebbishes with 7-Eleven hot dogs.

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UnicornHunter

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Re: NY GOES TO 180k! IT HAPPENED!!!! (CovingTTTon to 160?!?)

Post by UnicornHunter » Wed Jun 08, 2016 8:59 pm

soj wrote:
Big Shrimpin wrote:
soj wrote:cov has a beautiful new building smack dab in the middle of dc surrounded by top-end stores. the building itself also hosts gucci, hugo boss, and louis vuitton. i'm sure the associates at cov will be seeing a lot more of chill sociable skadden bros around the office DOMINATING depos all morning and CLEANING UP at dior by lunch time. don't worry, guys, there's always the nordstrom clearance rack!
its sad rly

covington associates with HOLES in their cole haans and FORLORN looks on their faces as chill, fratty skadden bros STYLE on them with their FRESH ferragamos, and relaxed, fulfilled SMILES on their faces
:lol: mercifully they won't have to window shop at burberry et al for much longer. no top-end fashion designer is going to share building space with a second-rate law firm.
No worries, market matching hero firm CLEARY is moving into a brand newer building, and there's retail space available.

http://www.bizjournals.com/washington/b ... d/2016/01/Skanska-lands-first-tenant-for-spec-office-project.html

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MyNameIsFlynn!

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Re: NY GOES TO 180k! IT HAPPENED!!!! (CovingTTTon to 160?!?)

Post by MyNameIsFlynn! » Wed Jun 08, 2016 9:00 pm

Monochromatic Oeuvre wrote:
soj wrote:cov has a beautiful new building smack dab in the middle of dc surrounded by top-end stores. the building itself also hosts gucci, hugo boss, and louis vuitton. i'm sure the associates at cov will be seeing a lot more of chill sociable skadden bros around the office DOMINATING depos all morning and CLEANING UP at dior by lunch time. don't worry, guys, there's always the nordstrom clearance rack!
Skadden bros on the way to lunch at Vidalia nearly running into Covington nebbishes with 7-Eleven hot dogs.
Stay with the times bro. Vidalia stopped lunch service a while ago after they couldn't get any plates out in less than four hours. So in this scenario, I think the Cov associates will be more pleased with their lunch (sry for ruining the narrative)

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Big Shrimpin

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Re: NY GOES TO 180k! IT HAPPENED!!!! (CovingTTTon to 160?!?)

Post by Big Shrimpin » Wed Jun 08, 2016 9:08 pm

MyNameIsFlynn! wrote:
Monochromatic Oeuvre wrote:
soj wrote:cov has a beautiful new building smack dab in the middle of dc surrounded by top-end stores. the building itself also hosts gucci, hugo boss, and louis vuitton. i'm sure the associates at cov will be seeing a lot more of chill sociable skadden bros around the office DOMINATING depos all morning and CLEANING UP at dior by lunch time. don't worry, guys, there's always the nordstrom clearance rack!
Skadden bros on the way to lunch at Vidalia nearly running into Covington nebbishes with 7-Eleven hot dogs.
Stay with the times bro. Vidalia stopped lunch service a while ago after they couldn't get any plates out in less than four hours. So in this scenario, I think the Cov associates will be more pleased with their lunch (sry for ruining the narrative)
sub oval room?

CTT

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Re: NY GOES TO 180k! IT HAPPENED!!!! (CovingTTTon to 160?!?)

Post by CTT » Wed Jun 08, 2016 9:08 pm

http://www.vault.com/company-rankings/l ... sRankID=15

. . . Covington should not be able to hold onto this ranking. Next time associates get the vault survey request (and next time rising 2Ls choose firms) they need to make it clear what happens when you screw your associates.

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Re: NY GOES TO 180k! IT HAPPENED!!!! (CovingTTTon to 160?!?)

Post by TLSModBot » Wed Jun 08, 2016 9:09 pm

Big Shrimpin wrote:
soj wrote:cov has a beautiful new building smack dab in the middle of dc surrounded by top-end stores. the building itself also hosts gucci, hugo boss, and louis vuitton. i'm sure the associates at cov will be seeing a lot more of chill sociable skadden bros around the office DOMINATING depos all morning and CLEANING UP at dior by lunch time. don't worry, guys, there's always the nordstrom clearance rack!
its sad rly

covington associates with HOLES in their cole haans and FORLORN looks on their faces as chill, fratty skadden bros STYLE on them with FRESH ferragamos and relaxed, fulfilled SMILES on their faces
Nah Cov bros will try to keep up appearances with Chinese knockoff "Allan Eddwerds" impersonation-leather kicks and whatever they can scrounge from Macy's clearance rack

eta: black/brown reversible belts for $20! Think of the SAVINGS Cov associates!

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Monochromatic Oeuvre

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Re: NY GOES TO 180k! IT HAPPENED!!!! (CovingTTTon to 160?!?)

Post by Monochromatic Oeuvre » Wed Jun 08, 2016 9:12 pm

MyNameIsFlynn! wrote:
Monochromatic Oeuvre wrote:
soj wrote:cov has a beautiful new building smack dab in the middle of dc surrounded by top-end stores. the building itself also hosts gucci, hugo boss, and louis vuitton. i'm sure the associates at cov will be seeing a lot more of chill sociable skadden bros around the office DOMINATING depos all morning and CLEANING UP at dior by lunch time. don't worry, guys, there's always the nordstrom clearance rack!
Skadden bros on the way to lunch at Vidalia nearly running into Covington nebbishes with 7-Eleven hot dogs.
Stay with the times bro. Vidalia stopped lunch service a while ago after they couldn't get any plates out in less than four hours. So in this scenario, I think the Cov associates will be more pleased with their lunch (sry for ruining the narrative)
Fuck. No worries, kept a backup res open at Cafe Milano.

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Monochromatic Oeuvre

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Re: NY GOES TO 180k! IT HAPPENED!!!! (CovingTTTon to 160?!?)

Post by Monochromatic Oeuvre » Wed Jun 08, 2016 9:16 pm

Capitol_Idea wrote:Nah Cov bros will try to keep up appearances with Chinese knockoff "Allan Eddwerds" impersonation-leather kicks
*quietly and embarrassingly cancels Amazon order*

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Re: NY GOES TO 180k! IT HAPPENED!!!! (CovingTTTon to 160?!?)

Post by TLSModBot » Wed Jun 08, 2016 9:20 pm

Monochromatic Oeuvre wrote:
Capitol_Idea wrote:Nah Cov bros will try to keep up appearances with Chinese knockoff "Allan Eddwerds" impersonation-leather kicks
*quietly and embarrassingly cancels Amazon order*
Fuck that they're what I wear to weddings that I'm only going to for the open bar.

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Re: NY GOES TO 180k! IT HAPPENED!!!! (CovingTTTon to 160?!?)

Post by jbagelboy » Wed Jun 08, 2016 9:20 pm

Big Shrimpin wrote:
soj wrote:cov has a beautiful new building smack dab in the middle of dc surrounded by top-end stores. the building itself also hosts gucci, hugo boss, and louis vuitton. i'm sure the associates at cov will be seeing a lot more of chill sociable skadden bros around the office DOMINATING depos all morning and CLEANING UP at dior by lunch time. don't worry, guys, there's always the nordstrom clearance rack!
its sad rly

covington associates with HOLES in their cole haans and FORLORN looks on their faces as chill, fratty skadden bros STYLE on them with FRESH ferragamos and relaxed, fulfilled SMILES on their faces
Keep doin your thing bro

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Big Shrimpin

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Re: NY GOES TO 180k! IT HAPPENED!!!! (CovingTTTon to 160?!?)

Post by Big Shrimpin » Wed Jun 08, 2016 9:23 pm

jbagelboy wrote:
Big Shrimpin wrote:
soj wrote:cov has a beautiful new building smack dab in the middle of dc surrounded by top-end stores. the building itself also hosts gucci, hugo boss, and louis vuitton. i'm sure the associates at cov will be seeing a lot more of chill sociable skadden bros around the office DOMINATING depos all morning and CLEANING UP at dior by lunch time. don't worry, guys, there's always the nordstrom clearance rack!
its sad rly

covington associates with HOLES in their cole haans and FORLORN looks on their faces as chill, fratty skadden bros STYLE on them with FRESH ferragamos and relaxed, fulfilled SMILES on their faces
Keep doin your thing bro
missed doing this

WHAT A TIME TO BE ALIVE

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Re: NY GOES TO 180k! IT HAPPENED!!!! (CovingTTTon to 160?!?)

Post by smaug » Wed Jun 08, 2016 9:24 pm

cap was kind enough to share his data and some interesting metrics.

some interesting things so far:

for the most part, these are the players you'd expect. if you'd look at the PPP standings, we've heard from everyone in 1-20 except:

WLRK (lol)
GDC (shame!)
Boies (shame!)
Latham (shame!)
BuckleySandler (do they hire entry level associates?)
and Willkie.

With Weil coming in as the least profitable of the very-profitable group, PPP ranges from above 6MM (lol WLRK), to 2.5MM.

We also have two hero firms punching way above weight. Cooley and Winston are both in the 1.9-1.8MM PPP range and still signed up for this.

In terms of who is giving up the most (and who will be hurt), PW and Cleary are the movers who will take the biggest hit so far, but there's not much to support that Cravath did this to spite its close competitors: the salary move will cost CSM more than all but PW, DPW, Cleary and Weil.

but, if we include those who haven't moved, it'll also cost more for Cadwalader, White and Case, Orrick, DLA Pipe, K&L Gates, and squire patton boggs to match than it did for Cravath to set.

In terms of firms we've talked about to shame, the PPP hit for Munger would only be about 27k. Compare that to Cadwalader who takes a 150k PPP hit, dropping their PPP by 7.25%.

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Re: NY GOES TO 180k! IT HAPPENED!!!! (CovingTTTon to 160?!?)

Post by smaug » Wed Jun 08, 2016 9:27 pm

i should also note that the lockstep difference here is significant.

we know that the CSM partnership is sharing the pain here.

How that will play out at CWT or DLA Piper will be realllly interesting.

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Eldon Tyrell

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Re: NY GOES TO 180k! IT HAPPENED!!!! (CovingTTTon to 160?!?)

Post by Eldon Tyrell » Wed Jun 08, 2016 9:27 pm

Big Shrimpin wrote:WHAT A TIME TO BE ALIVE

Seriously? What are you waiting for?

Now there's a charge.
Just kidding ... it's still FREE!


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