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

[Single-Malt-Liquor]

SKADDEN BROs chillin' at the bar scoping out the HOTTEST dime pieces and blowing money on DOM P like its water when three hours later PRESTIGIOUS COVINGTON GENTS swoop in and take the ladies to an EXCLUSIVE late night spot. Uber black.

Ugh just not as entertaining as it used to be.

I know bro, I know. Almost didnt hit submit.

[nahumya]

http://abovethelaw.com/2016/06/profits- ... ssociates/

Another post likely jacked from this thread. But actually a good post for once so I'll give them a pass.

Why isn't Wachtell on the list?

[TLSModBot]

http://abovethelaw.com/2016/06/profits- ... ssociates/

Another post likely jacked from this thread. But actually a good post for once so I'll give them a pass.

Why isn't Wachtell on the list?

I think when you have a history of paying top dollar to your associates above and beyond all other firms and tend to be quiet about compensation, you get a pass for a little while when you haven't immediately shouted from the rooftops that you'll be raising salaries.

[Single-Malt-Liquor]

Yah, I mean if Wachtell was gonna pull a Skadden, each associate would receive their own gold plated cheese plate that of course they would keep.

[Anonymous User]

Thank you covington.

[nahumya]

http://abovethelaw.com/2016/06/profits- ... ssociates/

Another post likely jacked from this thread. But actually a good post for once so I'll give them a pass.

Why isn't Wachtell on the list?

I think when you have a history of paying top dollar to your associates above and beyond all other firms and tend to be quiet about compensation, you get a pass for a little while when you haven't immediately shouted from the rooftops that you'll be raising salaries.

Sure, but their base compensation is the same, and we're making lists over here.

[TLSModBot]

Yah, I mean if Wachtell was gonna pull a Skadden, each associate would receive their own gold plated cheese plate that of course they would keep.

Like Wachtell folks would eat off the same gold-plated dish twice. What kinda peasants do you think they are?

[First Offense]

http://abovethelaw.com/2016/06/profits- ... ssociates/

Another post likely jacked from this thread. But actually a good post for once so I'll give them a pass.

Why isn't Wachtell on the list?

I think when you have a history of paying top dollar to your associates above and beyond all other firms and tend to be quiet about compensation, you get a pass for a little while when you haven't immediately shouted from the rooftops that you'll be raising salaries.

Sure, but their base compensation is the same, and we're making lists over here.

Wachtell is above reproach.

[jbagelboy]

lol COVINGTTTONNN http://abovethelaw.com/2016/06/biglaw-f ... i=30596467

[jbagelboy]

Covington may now rejoin the ranks of respectable elite law firms.. but CovingTTTTon lives forever in this thread.

[LaLiLuLeLo]

As we indicated last week, we have been carefully monitoring market developments with respect to associate salaries fuck you.

[wiseowl]

SKADDEN BROs chillin' at the bar scoping out the HOTTEST dime pieces and blowing money on DOM P like its water when three hours later PRESTIGIOUS COVINGTON GENTS swoop in and take the ladies to an EXCLUSIVE late night spot. Uber black.

We've already got a new punching bag, I think.

Everything Eddie has done outside of Pearl Jam has largely been a mess.

[nahumya]

As we indicated last week, we have been carefully monitoring market developments with respect to associate salaries fuck you.

lol

[imalreadyamember?]

Honestly I think Covington handled it a lot better than many other firms the past week. They said they would monitor it and they did. Even if it was a bit dickish/tone-deaf, maybe it was reasonable to say NY is a different market. And they were at least transparent. Then finally they matched when it was apparent the market was set. It's been fun though.

[unlicensedpotato]

http://abovethelaw.com/2016/06/profits- ... ssociates/

Another post likely jacked from this thread. But actually a good post for once so I'll give them a pass.

Why isn't Wachtell on the list?

I think when you have a history of paying top dollar to your associates above and beyond all other firms and tend to be quiet about compensation, you get a pass for a little while when you haven't immediately shouted from the rooftops that you'll be raising salaries.

Sure, but their base compensation is the same, and we're making lists over here.

I believe WLRK base was $165k.

[First Offense]

The issue was that it was stupid by CovingTTTon. Anyone that knew anything knew that all major markets were going to have to match.

[Actus Reus]

Looks like covingTTTon summers still underpaid by $35 per week compared to others paying 3,500 a week.

[2014]

What Covington did wasn't per se unreasonable, the idea that they would wait for peers to move before moving is functionally what 90% of the list did - they all just have different firms they consider peers.

The objectionable part was trying to coerce their self-defined market into not moving at all. If they'd have issued a "we are aware of changing associate compensation, we will observe the market and make a decision soon" it would barely have registered here. Just a terrible PR move overall.

[Single-Malt-Liquor]

Looks like covingTTTon summers still underpaid by $35 per week compared to others paying 3,500 a week.

I cant even make a good joke out of that.

SKADDEN ALPHA summers showing up to weekend cookouts with 30 racks of HEINEKEN meanwhile CovingTTTon summers getting the STINK FACE when they bring Miller Light.

See, doesnt work.

[El Pollito]

Covington to 180 for all US offices, confirmed

lol how embarrassing

[LaLiLuLeLo]

What Covington did wasn't per se unreasonable, the idea that they would wait for peers to move before moving is functionally what 90% of the list did - they all just have different firms they consider peers.

The objectionable part was trying to coerce their self-defined market into not moving at all. If they'd have issued a "we are aware of changing associate compensation, we will observe the market and make a decision soon" it would barely have registered here. Just a terrible PR move overall.

Yup, a lot of firms did just that - basically signaling to associates that they were aware and they were waiting. Which is fine. I can't think of any other supposedly "prestigious" firm that went out of their way to tell their associates IN THEIR HOME OFFICE they weren't worth what the market in NYC is paying. That's just bush league.

[DELG]

Covington to 180 for all US offices, confirmed

lol how embarrassing

i'm just going to assume this thread shamed them into action

[First Offense]

Covington to 180 for all US offices, confirmed

lol how embarrassing

i'm just going to assume this thread shamed them into action

Holder frantically refreshing after the news, hoping reputation is restored.

[Anonymous User]

Thoughts on whether Alston & Bird might match, or at least bump associates' salaries?

[Actus Reus]

Thoughts on whether Alston & Bird might match, or at least bump associates' salaries?

Alston probably going to flip the Bird at its associates.

Sorry, man. Hate to be the one to break it to you.