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

[Neff]

Texas: so V&E matched but no news of Baker Botts or NRF matching yet, correct?

[Serett]

hedged the raise by betting with other associates we dont match. either way, we fucking.

[Anonymous User]

Not that anybody who doesn't live there cares, but does anybody have any insight into the Atlanta market? Nothing but TTT firms there anyway that already pay shit (I think they are still at like 135k scale even though some ppl in Charlotte and Texas are at 180k now) but it seems A&B and King and Spalding can afford to move to at least the old 160k scale. I think Jones Day is at 150k now, maybe they will move down to 125k as an experiment to see if associates will care.

[Anonymous User]

Not that anybody who doesn't live there cares, but does anybody have any insight into the Atlanta market? Nothing but TTT firms there anyway that already pay shit (I think they are still at like 135k scale even though some ppl in Charlotte and Texas are at 180k now) but it seems A&B and King and Spalding can afford to move to at least the old 160k scale. I think Jones Day is at 150k now, maybe they will move down to 125k as an experiment to see if associates will care.

I didn't know K&S didn't even pay market in their home town (AtlanTTTa). I'm hoping they'll at least match 180 in Houston (they're currently at 160).

[Anonymous User]

Paul Hastings pays ATL associates 160.

[Anonymous User]

UPBEAT V&E associates lunch at ORIGINAL NIEMANS in TOM FORD heels as DISAPPOINTED Fulbright associates scrounge GALLERIA MACYS for COACH BOGO and GREAT WRAPS

[Anonymous User]

I cannot imagine that Baker Botts will not match Vinson Elkins. My impression of that firm is that they are, or consider themselves to be neck to neck with V&E and direct peers in every way. Even discounting losing out on recruitment, I don't see why all of their associates would put in for a lateral transfer to V&E or other market-paying firms, unless they give some black box bonuses to retain midlevels.

Are we assuming CovingTTTon means a NYC raise? Asking for a friend...

[Anonymous User]

UPBEAT V&E associates lunch at ORIGINAL NIEMANS in TOM FORD heels as DISAPPOINTED Fulbright associates scrounge GALLERIA MACYS for COACH BOGO and GREAT WRAPS

Lol. At 160 k in TX you can afford Tom Ford heels.

[PennBull]

Paul Hastings pays ATL associates 160.

I have learned so much about what dipshit cities some of these "major" law firms have offices in. Like why the fuck is Paul Hastings in Atlanta?

Currently in Denver vacationing (pondering my move out of NY) and it was weird to see WilmerHale and Ballard Spahr signs. Not major fuckers but still

[Anonymous User]

Texas: so V&E matched but no news of Baker Botts or NRF matching yet, correct?

Correct. V&E always leads the Texas firms in compensation increases. Baker Botts will likely increase tomorrow or early next week. No idea with NRF, I think they just matched NY scale like 3 weeks ago finally? They are not at quite the same level as VE/BB so while NRF might jump 1st years to 180, I would not be surprised if they did some weird reduced comp scheme for the higher levels and didn't give them the full bump.

[Anonymous User]

Not that anybody who doesn't live there cares, but does anybody have any insight into the Atlanta market? Nothing but TTT firms there anyway that already pay shit (I think they are still at like 135k scale even though some ppl in Charlotte and Texas are at 180k now) but it seems A&B and King and Spalding can afford to move to at least the old 160k scale. I think Jones Day is at 150k now, maybe they will move down to 125k as an experiment to see if associates will care.

I didn't know K&S didn't even pay market in their home town (AtlanTTTa). I'm hoping they'll at least match 180 in Houston (they're currently at 160).

Jones Day's higher base is pure flame. Both A&B and K&S generally pay more when you factor in their bonuses, which are hours based.

[Anonymous User]

Not that anybody who doesn't live there cares, but does anybody have any insight into the Atlanta market? Nothing but TTT firms there anyway that already pay shit (I think they are still at like 135k scale even though some ppl in Charlotte and Texas are at 180k now) but it seems A&B and King and Spalding can afford to move to at least the old 160k scale. I think Jones Day is at 150k now, maybe they will move down to 125k as an experiment to see if associates will care.

I didn't know K&S didn't even pay market in their home town (AtlanTTTa). I'm hoping they'll at least match 180 in Houston (they're currently at 160).

Jones Day's higher base is pure flame. Both A&B and K&S generally pay more when you factor in their bonuses, which are hours based.

K&S could pay market in ATL if they wanted. Crazy that they are so far below.

[Anonymous User]

OPTIMISTIC V&E associates put down payment on 4BR in RIVER OAKS as PALE Bracewell parent loads GREATSCHOOLS.ORG to find KIPP CHARTERS on way to work from HUMBLE

[Anonymous User]

Not that anybody who doesn't live there cares, but does anybody have any insight into the Atlanta market? Nothing but TTT firms there anyway that already pay shit (I think they are still at like 135k scale even though some ppl in Charlotte and Texas are at 180k now) but it seems A&B and King and Spalding can afford to move to at least the old 160k scale. I think Jones Day is at 150k now, maybe they will move down to 125k as an experiment to see if associates will care.

I didn't know K&S didn't even pay market in their home town (AtlanTTTa). I'm hoping they'll at least match 180 in Houston (they're currently at 160).

Jones Day's higher base is pure flame. Both A&B and K&S generally pay more when you factor in their bonuses, which are hours based.

K&S could pay market in ATL if they wanted. Crazy that they are so far below.

All of the Atlanta based firms have a 135 base so that would seem to be the "market." Paul Hastings and Jones Day are the only two at 150. JD doesn't really pay bonuses so the higher base is meaningless. Not sure what PH pays for bonuses but their office is pretty small. Of course, both K&S and A&B could afford to pay a lot more given their ridiculous PPP.

[BigZuck]

OPTIMISTIC V&E associates put down payment on 4BR in RIVER OAKS as PALE Bracewell parent loads GREATSCHOOLS.ORG to find KIPP CHARTERS on way to work from HUMBLE

I love these

Eta: the Humble part really got me on this one. Well played.

[Anonymous User]

All of the Atlanta based firms have a 135 base so that would seem to be the "market." Paul Hastings and Jones Day are the only two at 150. JD doesn't really pay bonuses so the higher base is meaningless. Not sure what PH pays for bonuses but their office is pretty small. Of course, both K&S and A&B could afford to pay a lot more given their ridiculous PPP.

Yeah my assessment of Atlanta made abundantly clear during this bonus matching bonanza season, is that the associates in the city really suffer from not having one or two major NY law firms with a regional office there. When those NY law firms raise salaries for all their associates in all offices, this causes other home based offices in regional cities to raise as well. Ex; CovingTTTon and other DC offices will eventually have to raise because of all of the NY based firms with regional offices there now making 180k. But there is no such pressure for the ATL firms to raise salaries. I suspect that they will eventually raise to like 150 or something, but they will never match market (screw this regional b.s.---you either pay 180k or are below market to me) because they simply don't have to. Can't really blame the partners for not paying extra cash though. For all the talk about partners rather paying for their second or third home, lets not forget that NYU undergrad sticker for their first kid from another marriage is like 80k plus their second wife's enhanced new chest wasn't cheap. Also, I know a partner at my law firm with a helicopter and retractable roof in his house. This shit doesnt pay for itself.

[runinthefront]

All of the Atlanta based firms have a 135 base so that would seem to be the "market." Paul Hastings and Jones Day are the only two at 150. JD doesn't really pay bonuses so the higher base is meaningless. Not sure what PH pays for bonuses but their office is pretty small. Of course, both K&S and A&B could afford to pay a lot more given their ridiculous PPP.

Yeah my assessment of Atlanta made abundantly clear during this bonus matching bonanza season, is that the associates in the city really suffer from not having one or two major NY law firms with a regional office there. When those NY law firms raise salaries for all their associates in all offices, this causes other home based offices in regional cities to raise as well. Ex; CovingTTTon and other DC offices will eventually have to raise because of all of the NY based firms with regional offices there now making 180k. But there is no such pressure for the ATL firms to raise salaries. I suspect that they will eventually raise to like 150 or something, but they will never match market (screw this regional b.s.---you either pay 180k or are below market to me) because they simply don't have to. Can't really blame the partners for not paying extra cash though. For all the talk about partners rather paying for their second or third home, lets not forget that NYU undergrad sticker for their first kid from another marriage is like 80k plus their second wife's enhanced new chest wasn't cheap. Also, I know a partner at my law firm with a helicopter and retractable roof in his house. This shit doesnt pay for itself.

why do you think atl associates should be paid 180k lol. do you think the atl offices bring in NYC dough? I don't understand

[bern victim]

This is the happiest & most excited TLS has ever been about biglaw

should last ~10 yrs

[Anonymous User]

why do you think atl associates should be paid 180k lol. do you think the atl offices bring in NYC dough? I don't understand

I'm not the quoted anon but PPP for K&S and A&B are 2.5 and 1.7 respectively. Both are based in Atlanta so I'd say they are bringing in plenty. I think 160 is probably a fair salary.

[Anonymous User]

I cannot imagine that Baker Botts will not match Vinson Elkins. My impression of that firm is that they are, or consider themselves to be neck to neck with V&E and direct peers in every way. Even discounting losing out on recruitment, I don't see why all of their associates would put in for a lateral transfer to V&E or other market-paying firms, unless they give some black box bonuses to retain midlevels.

Are we assuming CovingTTTon means a NYC raise? Asking for a friend...

Baker Botts associate here. Chatter is that they will match, but no word from management yet. We will always follow V&E, but we're slow to do it. Associates are hoping it will be before recruiting season, but it might be several months after.

Also, because we're on a levels system (160, 180, 230, etc.), we will probably just add 20-30k to each level. For example, a 4th year who is Level 3 (this is standard) currently gets $230k. They would be bumped to $250-60k. That would be a windfall for that 4th year.

[ghostoftraynor]

I don't know what has been said in this thread, but I know if my child goes to Covington, I hope to god that he/she went to Georgetown.

[Anonymous User]

why do you think atl associates should be paid 180k lol. do you think the atl offices bring in NYC dough? I don't understand

I never said that they should be paid 180k (Indeed i said i understand why the partners dont because they dont have to), I'm just saying that the associates probably would if a V20 NY firm had a major office there and paid 180k b/c the home based offices would have to match, unless they were a TTT crap show like ConvingTTTon. Is it a crime for wanting my fellow associates to get those Tubmans?

[Anonymous User]

Do you think there's a chance that any of these firms in the poll won't even bump their New York offices? (Waiting sucks)

[rpupkin]

Do you think there's a chance that any of these firms in the poll won't even bump their New York offices? (Waiting sucks)

Yes.

[ghostoftraynor]

Also, non-troll post. It makes no sense that non-NY (minus maybe SF) firms pay NY salaries. No other industry does this. It happened in law because Skadden thought that they shouldn't pay their associates less at their regional offices. Its interesting it was Skadden that caused this because Skadden is the least likely to make a non-NY person partner, but thats how history played out. Other non-Skadden markets have followed at this point, but its usually a firm that had an office in a Skadden non-Ny market that followed their 1 firm policy. Atlanta is a bigger market than a lot of these ttts that followed "market" but Atlanta hasn't faced this pressure. If you want Ny salaries in Atlanta, try to convince Skadden to open an office there.