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

[Anonymous User]

That's unfortunate. I'd like to eat some steak.

[jbagelboy]

Susman is the only firm thus far that seemed to get our NY to 190 memo.

[Anonymous User]

Susman is the only firm thus far that seemed to get our NY to 190 memo.

The "first years" at Susman are actually second years because they're all required to clerk for a year before starting. So it's the same scale.

[jbagelboy]

Susman is the only firm thus far that seemed to get our NY to 190 memo.

The "first years" at Susman are actually second years because they're all required to clerk for a year before starting. So it's the same scale.

hmmm. good point. is that what the memo really means?

[Anonymous User]

Fenwick and WSGR getting embarrassed by Cooley and Gunderson. No doubt the best start-up minded law students will no longer apply to those unprestigious sweatshops. After that it's only a matter of time til their best clients leave for Gunderson as well. Oh well.

WSGR associate here. Kinda pissed about the radio silence.

Fellow WSGR associate, different office. Do you think they'll match at all? I hope they don't pull a CovingTTTon or Brown Rudnick if they do.

[Desert Fox]

Fenwick and WSGR getting embarrassed by Cooley and Gunderson. No doubt the best start-up minded law students will no longer apply to those unprestigious sweatshops. After that it's only a matter of time til their best clients leave for Gunderson as well. Oh well.

WSGR associate here. Kinda pissed about the radio silence.

Fellow WSGR associate, different office. Do you think they'll match at all? I hope they don't pull a CovingTTTon or Brown Rudnick if they do.

Any major market firm that isn't totally dogshit will match. I wouldn't worry about it unless the silence goes long. Cravath moved what? tuesday?

[Anonymous User]

Susman is the only firm thus far that seemed to get our NY to 190 memo.

The "first years" at Susman are actually second years because they're all required to clerk for a year before starting. So it's the same scale.

hmmm. good point. is that what the memo really means?

Has to based on my experience there. They paid 160k prior to the Cravath increase and nowhere in their press release are they saying that they're now paying above-market salaries.

[Anonymous User]

Fenwick and WSGR getting embarrassed by Cooley and Gunderson. No doubt the best start-up minded law students will no longer apply to those unprestigious sweatshops. After that it's only a matter of time til their best clients leave for Gunderson as well. Oh well.

WSGR associate here. Kinda pissed about the radio silence.

Fellow WSGR associate, different office. Do you think they'll match at all? I hope they don't pull a CovingTTTon or Brown Rudnick if they do.

Any major market firm that isn't totally dogshit will match. I wouldn't worry about it unless the silence goes long. Cravath moved what? tuesday?

Most firms that haven't matched at this point are probably just waiting for committee meetings or partner votes. They all know that the market is 180 in NY/Chi/CA/TX/Bos/DC. Even if the big Boston or DC firms haven't announced yet, they will soon enough. It took 3-4 months for Cov, Ropes, WH, etc. to match in 2007, but that wasn't recruiting season. They'll all match in the next week or two.

[imalreadyamember?]

Most firms that haven't matched at this point are probably just waiting for committee meetings or partner votes. They all know that the market is 180 in NY/Chi/CA/TX/Bos/DC/ATL. Even if the big Boston or DC firms haven't announced yet, they will soon enough. It took 3-4 months for Cov, Ropes, WH, etc. to match in 2007, but that wasn't recruiting season. They'll all match in the next week or two.

This is a very good point. Also you forgot a city, FTFY

[rpupkin]

Most firms that haven't matched at this point are probably just waiting for committee meetings or partner votes. They all know that the market is 180 in NY/Chi/CA/TX/Bos/DC. Even if the big Boston or DC firms haven't announced yet, they will soon enough. It took 3-4 months for Cov, Ropes, WH, etc. to match in 2007, but that wasn't recruiting season. They'll all match in the next week or two.

Yep. The firms that can't afford the increase will just do it anyway, with the knowledge that they'll screw associates on bonuses at the end of the year.

[Anonymous User]

Before the salary bump secondary markets were typically 15-40k below market, i.e., 120k-145k. For the firms that have offices in major and secondary markets where do people think that secondary scale will go? It would be a pretty huge difference if only the major markets raised and the secondary stayed as is.

[Anonymous User]

Most firms that haven't matched at this point are probably just waiting for committee meetings or partner votes. They all know that the market is 180 in NY/Chi/CA/TX/Bos/DC/ATL. Even if the big Boston or DC firms haven't announced yet, they will soon enough. It took 3-4 months for Cov, Ropes, WH, etc. to match in 2007, but that wasn't recruiting season. They'll all match in the next week or two.

This is a very good point. Also you forgot a city, FTFY

If anything, he forgot CharloTTTe. That city actually has a firm paying 180k and has a few 160k that haven't spoken up yet. Market in ATL is like 135-145k.

[BigZuck]

Why does this thread keep beating around the bush instead of evolving into the full blown "Which city is better" debate thread that it was always destined to become?

[imalreadyamember?]

Most firms that haven't matched at this point are probably just waiting for committee meetings or partner votes. They all know that the market is 180 in NY/Chi/CA/TX/Bos/DC. Even if the big Boston or DC firms haven't announced yet, they will soon enough. It took 3-4 months for Cov, Ropes, WH, etc. to match in 2007, but that wasn't recruiting season. They'll all match in the next week or two.

Yep. The firms that can't afford the increase will just do it anyway, with the knowledge that they'll screw associates on bonuses at the end of the year.

I'm fine with comp moving to guaranteed comp rather than this bullshit system we have now. But they want to keep the hamsters on the wheel, so hours-based bonuses are the way to do that.

[imalreadyamember?]

Most firms that haven't matched at this point are probably just waiting for committee meetings or partner votes. They all know that the market is 180 in NY/Chi/CA/TX/Bos/DC/ATL/Detroit/Cleveland/Sioux Falls/Richmond/CharloTTTe/Reno. Even if the big Boston or DC firms haven't announced yet, they will soon enough. It took 3-4 months for Cov, Ropes, WH, etc. to match in 2007, but that wasn't recruiting season. They'll all match in the next week or two.

This is a very good point. Also you forgot a city, FTFY

FTFM

[Big Shrimpin]

Let's gamer back to xo-style schtick shitting on CovingTTTon....

I was just walking down Lex and saw a bunch of KIRKLAND and LATHAM bros, buzzed as FUCK after martinis at MONKEY BAR high-fiving each other and absolutely STYLING on associates from non-matching firms. It's turning into a powder keg up here in MFH.

[Actus Reus]

This whole process is emblematic of how slow firms are to react to change and to do anything with relative speed. For most of the firms at the top of the PPP list, it should have been voted on within a day or two max, if only to preserve firm image, etc.

[Generally]

Most firms that haven't matched at this point are probably just waiting for committee meetings or partner votes. They all know that the market is 180 in NY/Chi/CA/TX/Bos/DC/ATL. Even if the big Boston or DC firms haven't announced yet, they will soon enough. It took 3-4 months for Cov, Ropes, WH, etc. to match in 2007, but that wasn't recruiting season. They'll all match in the next week or two.

This is a very good point. Also you forgot a city, FTFY

If anything, he forgot CharloTTTe. That city actually has a firm paying 180k and has a few 160k that haven't spoken up yet. Market in ATL is like 135-145k.

It's ridiculous that Charlotte's market would be above ATL. K&S and A&B should pay their main offices the same as they pay their NYC associates, seems only fair.

[Anonymous User]

PH Associate here, if PH goes 180 everywhere EXCEPT Atlanta, where they already pay what you may consider an above-market 160, does that put us on the Covingttton list?

[5ky]

This whole process is emblematic of how slow firms are to react to change and to do anything with relative speed. For most of the firms at the top of the PPP list, it should have been voted on within a day or two max, if only to preserve firm image, etc.

no firm's 'image' is going to take a hit if it takes them 5 days to match instead of 2. that's silly.

[sundance95]

Any news on Hamlin, Hamlin & McGill?

What about Babip, Pecota, Vorp and Eckstein?

This was underappreciated

http://deadspin.com/this-is-the-best-fa ... 1447497862

[patentlitigatrix]

Why does this thread keep beating around the bush instead of evolving into the full blown "Which city is better" debate thread that it was always destined to become?

Relatedly, this thread has made it clear to me that very few people on here care about CA at all.

[barkschool]

Most firms that haven't matched at this point are probably just waiting for committee meetings or partner votes. They all know that the market is 180 in NY/Chi/CA/TX/Bos/DC/MILWAUKEE. Even if the big Boston or DC firms haven't announced yet, they will soon enough. It took 3-4 months for Cov, Ropes, WH, etc. to match in 2007, but that wasn't recruiting season. They'll all match in the next week or two.

This is a very good point. Also you forgot a city, FTFY

FTFM

[Anonymous User]

This whole process is emblematic of how slow firms are to react to change and to do anything with relative speed. For most of the firms at the top of the PPP list, it should have been voted on within a day or two max, if only to preserve firm image, etc.

no firm's 'image' is going to take a hit if it takes them 5 days to match instead of 2. that's silly.

Not necessarily. Know of several associates who have actively fielded recruiter calls from other 180k firms. We may match, but it's no guarantee.

[Anonymous User]

Other than Weil, has any other firm in Miami matched?