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

[gk101]

re sterne: A friend almost lateraled there a few months ago and they offered him 170k as a second year. My understanding is the scale is much more compressed compared to the typical NY scale

[Anonymous User]

has anyone contemplated sending a screenshot of a fake press release from your firm announcing 180 to ATL just for the lulz? I am not above it.

I think that's exactly how this thread caused cravath to 180

but ATL calls the firm to confirm so it probably won't work

I'm also pretty positive they read this thread so poasting about it in here before you do it probably isn't the best either

[kpterrifico]

re sterne: A friend almost lateraled there a few months ago and they offered him 170k as a second year. My understanding is the scale is much more compressed compared to the typical NY scale

wasn't 170k market for a second year a few months ago?

[WinSome]

Let's see if we get a flurry in the next hour like yesterday.

[Anonymous User]

Mayer Brown matches across all offices. Late to the party, but still there.

[Anonymous User]

Mayer Brown to 180!

[gk101]

re sterne: A friend almost lateraled there a few months ago and they offered him 170k as a second year. My understanding is the scale is much more compressed compared to the typical NY scale

wasn't 170k market for a second year a few months ago?

it is. The scale gets compressed from that point on. so a third year there would be 180 and a fourth year at 190 or something like that. Not really sure on the exact numbers. FWIW, NALP says first year comp is 160k for sterne kessler

[Anonymous User]

Mayer Brown to 180!

Hopefully this will finally pressure CWT to match all offices.

[Anonymous User]

The question is will CWT boot current associates or incoming associates to pay for it?

[Anonymous User]

The question is will CWT boot current associates or incoming associates to pay for it?

That's not really how profits work though. In a time where there's enough work to go around, booting associates would only make things worse. Yeah their salary + any overhead generated is an expense, but they also generate revenue.

[androstan]

re sterne: A friend almost lateraled there a few months ago and they offered him 170k as a second year. My understanding is the scale is much more compressed compared to the typical NY scale

wasn't 170k market for a second year a few months ago?

it is. The scale gets compressed from that point on. so a third year there would be 180 and a fourth year at 190 or something like that. Not really sure on the exact numbers. FWIW, NALP says first year comp is 160k for sterne kessler

I guess SKGF did raise to 160. I'd trust NALP. I might even check it one day before making salary assertions.

[Anonymous User]

The question is will CWT boot current associates or incoming associates to pay for it?

That's not really how profits work though. In a time where there's enough work to go around, booting associates would only make things worse. Yeah their salary + any overhead generated is an expense, but they also generate revenue.

Incoming associates won't be touched. That's worse than not going to 180. More likely is senior associates not destined for counsel/partnership will be given "the talk" sooner than they might otherwise have.

Rumors are there's a partnership meeting wed or thursday

[HerculesQEinstein]

Incoming associates won't be touched. That's worse than not going to 180. More likely is senior associates not destined for counsel/partnership will be given "the talk" sooner than they might otherwise have.

LOL at any CWT Associate making partner

[Anonymous User]

The question is will CWT boot current associates or incoming associates to pay for it?

That's not really how profits work though. In a time where there's enough work to go around, booting associates would only make things worse. Yeah their salary + any overhead generated is an expense, but they also generate revenue.

Incoming associates won't be touched. That's worse than not going to 180. More likely is senior associates not destined for counsel/partnership will be given "the talk" sooner than they might otherwise have.

Rumors are there's a partnership meeting wed or thursday

Aren't senior associates generally fairly profitable? I guess if you're in a slower practice group maybe, but I can't see that happening in, say, capital markets right now. Axing people who contribute to the bottom line of the firm is not going to help anything.

[El Pollito]

MB heard my brown town remarks.

[El Pollito]

Jones day be like insolvent.

[smaug]

Jones day be like insolvent.

There's a Detroit joke here

[Anonymous User]

DLA matched.

[soj]

.

[Anonymous User]

A&P associate, checking in with no match and radio silence from firm management. We deserve as much public shame as possible.

[Anonymous User]

DLA sent separate emails to each office. Mine is Austin. Full Cravath NYC match (with the addition of $325K for c/o 2007). Pretty stoked.

[Anonymous User]

DLA to 180. Time to start calling us the Target of law firms, folks. Moving on up.

[Anonymous User]

Very curious if DLA raised Philly.

[Anonymous User]

A&P associate, checking in with no match and radio silence from firm management. We deserve as much public shame as possible.

they were pinning this until the merger either closed or blew up, and since the latter happened, time to match

[soj]

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