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

[orangecup]

what we know: at least 20 firms will be moving and this will include NYC, Chicago, and DC.

what we don't know: the amount and also Texas/Cali firms.
I'm assuming that California is moving too, I just cant confirm. I'm assuming the move is to at least 170k.

Based on the picture I'm hearing it looks like a pack of firms will lead to 190k in NYC. Then a straggler group for 175k in NYC and other cities. The big surprise mover is Willkie Farr at 190k in a pack with other V10 firms, which is basically putting pressure on the rest of the V30-V50 right now.

I don't want to give away too much info about how I got this intel but it's safe to say I snuck into a partner's corner office and called another managing partner and just quickly said "What's the deal about compensation?" He must not have noticed my voice difference and only seen the caller ID pop up. He proceeded to tell me everything for about 8 mins and then i said "Gotta GO!"

WWDRD - also started living by this new motto What would Da Rascal do?!

No way this can't be real. Can't wait for all the money!!

[BigZuck]

I'm going to take the credit for the market and, most importantly, this thread moving in the right direction over the last 12 hours

Moderators please lock thank you

[snagglepuss]

Anyone else notice Fenwick raised first-year pay to 17BtC/week last paycheck?

[Hutz_and_Goodman]

For current 2Ls deciding between offers, given that base salary in NYC is going up I think you would be crazy to summer anywhere else.

[thesealocust]

For current 2Ls deciding between offers, given that base salary in NYC is going up I think you would be crazy to summer anywhere else.

If it's anything like the last boom, NYC might start but SV could easily match then beat. I bet Chicago doesn't match though.

[Johann]

For 2Ls is it better to hope they hold off for another year, so that firms aren't more tempted to no offer?

These firms are making $ hand over fist and they literally cannot find enough competent mid levels. This will not affect the offer rate. I'm excited because based on the above it appears my firm is going to $170k+.

I definitely would not believe that based on what Johann is saying. Sounds like he is enjoying 'trolling' people but sadly is spending way too much of his time doing so. Jokes on him I guess.

i may have thrown a little bit of alleghory or hyperbole or whatever the exaggerated stories that the bible uses to deliver its message are. read it how you want literal or parable conveying the theme.

the bottom line is several firms are increasing base pay for everyone including first years throughout at least multiple US cities by the end of september/october. that is gospel. for those who believe, you will be greeted by a pleasant paycheck surprise. for those who dont have fun with your TTT 160k salary.

(johann parts elevator bank doors and leaves the office for the day at 1:25)

[Johann]

For current 2Ls deciding between offers, given that base salary in NYC is going up I think you would be crazy to summer anywhere else.

If it's anything like the last boom, NYC might start but SV could easily match then beat. I bet Chicago doesn't match though.

i think kirkland and skadden would be the only potential matchers for the big movers (then maybe latham). i still expect sidley, baker, and mayer, winston, jenner to move.

[MCFC]

that is gospel. for those who believe, you will be greeted by a pleasant paycheck surprise. for those who dont have fun with your TTT 160k salary.

(johann parts elevator bank doors and leaves the office for the day at 1:25)

Prosperity gospel. Nice.

[El Pollito]

johann is your firm doing it

[Desert Fox]

[thesealocust]

FWIW, business is good where I work, and everyone here is expecting at least 10% more pay this year.

[BigZuck]

Johhan is a respected poster and confirmed biglawyer. He'd never lie to his. His word is his goldbond.

I really hope your phone autocorrects "gold" to "goldbond"

[lawschool90]

Any word on SV?

[thesealocust]

Any word on SV?

Will got at least as high as NYC, and might go first.

[Johann]

Any word on SV?

Will got at least as high as NYC, and might go first.

You don't think it's going all at once? I think multiple firms have the email saved in their drafts folder and are waiting to fire it off.

[Johann]

johann is your firm doing it

I'm not sure but if not I'm moving firms.

[lawschool90]

Any word on SV?

Will got at least as high as NYC, and might go first.

You don't think it's going all at once? I think multiple firms have the email saved in their drafts folder and are waiting to fire it off.

I know nothing about law firm management, but it certainly seems weird for a firm that was raising salaries, with offices in, say, SV and NYC, to let to SV folks know before the NYC folks.

[2014]

FWIW, business is good where I work, and everyone here is expecting at least 10% more pay this year.

Fishing output by the river to 5 catfish up from 4

[beepboopbeep]

FWIW, business is good where I work, and everyone here is expecting at least 10% more pay this year.

Fishing output by the river to 5 catfish up from 4

25%???

NYC to 200 confirmed i guess

[Anonymous User]

Any guess on how this affects Jones Day? Specifically, did they respond quickly in '07 the last time this happened?

[Anonymous User]

So (theoretically speaking) if I'm tryna decide between Cahill NY and Sidley CHI, according to this thread, need to get my ass to NY ASAP?!?

Or is Chicago to 190 credited?

[Johann]

So (theoretically speaking) if I'm tryna decide between Cahill NY and Sidley CHI, according to this thread, need to get my ass to NY ASAP?!?

Or is Chicago to 190 credited?

175k in Chicago will get you further than 190 in ny. I don't think Sisley will match 190 but we will have to see. Kirkland will though. They just threw 38k at summers like it was nothing.

[smaug]

Flame we can believe in.

[Traynor Brah]

I continue to hear rumblings from sources

[Anonymous User]

I continue to hear rumblings from sources

Rising 2l and had a second look in a major non-nyc market and the head of a practice group strongly hinted that nyc wouldn't be moving up this year so I'm skeptical. Possibly a marketing ploy though to get me to accept.