Milbank/Davis Polk/Cravath Scale: NYC to 215-415k Forum

[Anonymous User]

I need a match and ideally a spring bonus so I can blow it on that upcoming LG 97" OLED. What else are you guys spending your new windfall on?

Deciding between a Cartier and Rolex at the moment.

The Cartier Drive and Santos are both absolutely beautiful and more unique than a Rolex, IMO.

JLC is also a great option, you can find beautiful chronographs for around $10-$12k. Tudor is a legit little brother to Rolex if you like that aesthetic, and the snowflake hands are a nice variation.

After one or maybe two nice automatic watches, however, I'd stop blowing cash on a starter or mid-level and save up a few years for something in the Big Boy League. Patek and Vacheron probably out of reach forever, but you can snag a decent AP secondhand.

A lowkey “entry-level” Calatrava wouldn’t be too crazy, imo. Hardly anything flashy, timeless, and not stupid expensive. Maybe make income partner first though. Idk if associates can pull it off, unless it’s a family heirloom lol

[Anonymous User]

I wore a breguet classique ever since I was a third year. No one gave a fuck about flash. Upgrading to Jacob & Co to celebrate my sixth. Everyone knows how much you make…No one cares except your own neuroses

[Anonymous User]

I wore a breguet classique ever since I was a third year. No one gave a fuck about flash. Upgrading to Jacob & Co to celebrate my sixth. Everyone knows how much you make…No one cares except your own neuroses

I guess it's easy not to give a fuck about flash when you have absolutely no taste at all.

[Anonymous User]

Granted for Jacob and co, but breguet is objectively beautiful

[BrowsingTLS]

I wore a breguet classique ever since I was a third year. No one gave a fuck about flash. Upgrading to Jacob & Co to celebrate my sixth. Everyone knows how much you make…No one cares except your own neuroses

I guess it's easy not to give a fuck about flash when you have absolutely no taste at all.

LOL'ING as a watchless associate.

Holy shit. The things people think matters. Watches. No. DPW giving us more money, and giving it to us now, yes.

[clone22]

I wore a breguet classique ever since I was a third year. No one gave a fuck about flash. Upgrading to Jacob & Co to celebrate my sixth. Everyone knows how much you make…No one cares except your own neuroses

I guess it's easy not to give a fuck about flash when you have absolutely no taste at all.

LOL'ING as a watchless associate.

Holy shit. The things people think matters. Watches. No. DPW giving us more money, and giving it to us now, yes.

As a senior associate - can confirm. No one gives a flying fudge about what watch some biglaw lawyer wears.

To get back on this thread - do people think any V50 will try to buck the market and not match (or not retro-match) whatever the new comp scale ends up being?

[Anonymous User]

I wore a breguet classique ever since I was a third year. No one gave a fuck about flash. Upgrading to Jacob & Co to celebrate my sixth. Everyone knows how much you make…No one cares except your own neuroses

I guess it's easy not to give a fuck about flash when you have absolutely no taste at all.

LOL'ING as a watchless associate.

Holy shit. The things people think matters. Watches. No. DPW giving us more money, and giving it to us now, yes.

Yeah seriously. Must be a New York thing. In Real America we blow our cash on cars. If DPW comes in with an extra $1k/month after tax that should be enough to get that R8 Spyder I've been eyeing.

[Anonymous User]

I wore a breguet classique ever since I was a third year. No one gave a fuck about flash. Upgrading to Jacob & Co to celebrate my sixth. Everyone knows how much you make…No one cares except your own neuroses

I guess it's easy not to give a fuck about flash when you have absolutely no taste at all.

LOL'ING as a watchless associate.

Holy shit. The things people think matters. Watches. No. DPW giving us more money, and giving it to us now, yes.

As a senior associate - can confirm. No one gives a flying fudge about what watch some biglaw lawyer wears.

To get back on this thread - do people think any V50 will try to buck the market and not match (or not retro-match) whatever the new comp scale ends up being?

I think they all need to be "market" by the time OCI rolls around, maybe a couple of months before when students are doing research (except for the weirdos like JD). I'm not as confident they will all retro match.

[Anonymous User]

I wore a breguet classique ever since I was a third year. No one gave a fuck about flash. Upgrading to Jacob & Co to celebrate my sixth. Everyone knows how much you make…No one cares except your own neuroses

I guess it's easy not to give a fuck about flash when you have absolutely no taste at all.

LOL'ING as a watchless associate.

Holy shit. The things people think matters. Watches. No. DPW giving us more money, and giving it to us now, yes.

Yeah seriously. Must be a New York thing. In Real America we blow our cash on cars. If DPW comes in with an extra $1k/month after tax that should be enough to get that R8 Spyder I've been eyeing.

Seriously. I'm thinking of swapping out my Rav4 for a GV80.

[Joachim2017]

I wore a breguet classique ever since I was a third year. No one gave a fuck about flash. Upgrading to Jacob & Co to celebrate my sixth. Everyone knows how much you make…No one cares except your own neuroses

I guess it's easy not to give a fuck about flash when you have absolutely no taste at all.

LOL'ING as a watchless associate.

Holy shit. The things people think matters. Watches. No. DPW giving us more money, and giving it to us now, yes.

Uh, what? There's no objective thing that "matters" more than anything else. Spending your money on watches matters no more or less in some Platonic objective good metric than spending it on cars or vacations.

Anyway, I actually do think some partners would look at you funny and judge you a little if you are sporting a Patek or Hublot Big Bang in the office as an associate (I guess maybe less so when you're very senior). An IWC or Tudor sounds perfect to me.

[catieoo]

You all sound like boomers talking about the office like we’re ever really going back. Enjoy your watch collections—hope your pet thinks it’s as cool as you think it is.

[Anonymous User]

You all sound like boomers talking about the office like we’re ever really going back. Enjoy your watch collections—hope your pet thinks it’s as cool as you think it is.

Just wait until the new DPW scale is:

$215k if you're remote more than 2x a week.
$250k if you're in office 3+days a week

[Anonymous User]

Just wait until the new DPW scale is:

$215k if you're remote more than 2x a week.
$250k if you're in office 3+days a week

I'd take that in a heartbeat. My firm was back for a while in the fall, so I can confirm that $35k would have made seeing other humans much more tolerable.

[transferquestiontls]

It’s been two weeks since Milbank raise. Just saying.

[NoLongerALurker]

Is today day?

[Anonymous User]

It’s been two weeks since Milbank raise.

Cracked their head to the side and said we're paying.
3 days since the Elias match, saying let's get together come back and pay me.
Three days since the Axinn news, I realized I want some cash, but couldn't tell you.
Yesterday you'd forgiven me but it'll still be two days till DPW says I'm sorry.

[Anonymous User]

It’s been two weeks since Milbank raise.

Cracked their head to the side and said we're paying.
3 days since the Elias match, saying let's get together come back and pay me.
Three days since the Axinn news, I realized I want some cash, but couldn't tell you.
Yesterday you'd forgiven me but it'll still be two days till DPW says I'm sorry.

BNL! A person of culture I see.

[Anonymous User]

It’s been two weeks since Milbank raise.

Cracked their head to the side and said we're paying.
3 days since the Elias match, saying let's get together come back and pay me.
Three days since the Axinn news, I realized I want some cash, but couldn't tell you.
Yesterday you'd forgiven me but it'll still be two days till DPW says I'm sorry.

I appreciated this more than I should

[Anonymous User]

DPW associates, what's the internal gossip? Firm moving to black box?

[POPTOP]

As a former DPW associate I can tell you definitively that will never happen. They are as traditional as it gets.

[dabboyexpress]

>me this morning:

https://www.youtube.com/watch?app=desktop&v=Qq21oGMSSCk

[Anonymous User]

This is my fault for getting too invested into this psychodrama, but … this is getting extremely tedious. DPW needs to shit or get off the pot.

[Anonymous User]

The eventual true-up payments are getting kinda big at this point. With how long it can take to adjust payroll, it'll probably be a month and a half or two months of back pay at a lot of firms.

[Anonymous User]

The eventual true-up payments are getting kinda big at this point. With how long it can take to adjust payroll, it'll probably be a month and a half or two months of back pay at a lot of firms.

I am not a numbers person, so pardon the potential ignorance here. But given the large number of associates some firms have, and the amount of money involved, would a firm that pays everyone on March 1 money due all the way back to Jan 1 realize savings of any significance from a time-value-of-money perspective?

I just wonder if that's possibly part of the calculus for the firms like NRF essentially saying, we'll likely match, but we'll pay at some unknown point in the future what we're saying you deserve today.

[Wanderingdrock]

The eventual true-up payments are getting kinda big at this point. With how long it can take to adjust payroll, it'll probably be a month and a half or two months of back pay at a lot of firms.

I am not a numbers person, so pardon the potential ignorance here. But given the large number of associates some firms have, and the amount of money involved, would a firm that pays everyone on March 1 money due all the way back to Jan 1 realize savings of any significance from a time-value-of-money perspective?

I just wonder if that's possibly part of the calculus for the firms like NRF essentially saying, we'll likely match, but we'll pay at some unknown point in the future what we're saying you deserve today.

Yes. With interest rates where they are now, it likely won't be much, but the principle is sound. You could also imagine a situation where a firm is still collecting bills from last year and the extra time gives it the chance to build cash to pay out of reserves rather than using a credit facility.

Pretty sure that's been part of the calculus in the past for my firm, which tends to pay annual bonuses quite late.