Cravath's Spawn - the Wave of Copycats - RUNNING TALLY Forum

[blind squirrel]

We are living in historic times

Born too late to explore the world, Born too early to explore the universe, born just in time for $180k

Beautiful.

I don't post much, but this honestly made me laugh out loud at work

[Yea All Right]

[BigZuck]

Tagging in

[Anonymous User]

Weil matched. Memo just went out

Edit: all offices

[Mack.Hambleton]

tag. someone in other thread said on of TX big 3 in next few days

[trbrny]

Weil matched. Memo just went out

Edit: all offices

Thanks. Added.

[Anonymous User]

Irell apparently

[trbrny]

Irell apparently

Added as well

[Anonymous User]

Irell apparently

Not going to post a screenshot of the email but can confirm

[Anonymous User]

tag. someone in other thread said on of TX big 3 in next few days

Wait, what? Did someone hear something from VE? They will lead that group, but I haven't heard anything out of any of the Texas offices yet.

[Mack.Hambleton]

tag. someone in other thread said on of TX big 3 in next few days

Wait, what? Did someone hear something from VE? They will lead that group, but I haven't heard anything out of any of the Texas offices yet.

dunno, also it seems Kirkland Houston will be going to 180 so that might put some pressure on

[trbrny]

U/d to reflect Weil confirmation

[Pneumonia]

Will be interesting to see what happens in Austin. We have two major types of biglaw firms that compete for two types of associates: traditional Texas firms (e.g., BB, V&E, NRF) and West Coast-style tech-focused firms (e.g., Wilson, DLA, Pillsbury), all of which pay $160K. Andrews Kurth is the only one I can think of that's big in both. Small but very competitive market. I bet neither group needs to match to get good people to Austin, but if one firm in either group moves first, the rest will have to follow or risk their top associates jumping ship. Not sure how much pressure a match in Houston or Dallas would put on Austin firms, but I'm guessing not a lot.

Honestly, and sadly, I agree. I've discussed the Cravath move with a few Austin associates, and expectations are fairly low. No one seem super upset though, either. I guess we'll see.

[Anonymous User]

Latham managing partner announced today at a meeting with summer associates in a West Coast office that a new compensation scheme will be announced within the next 72 hours.

[sundance95]

Latham managing partner announced today at a meeting with summer associates in a West Coast office that a new compensation scheme will be announced within the next 72 hours.

Why so mysterious re which office?

[Serett]

Latham managing partner announced today at a meeting with summer associates in a West Coast office that a new compensation scheme will be announced within the next 72 hours.

Latham reaping positive buzz before it drops Summer Associate salaries, and Summer Associates, to 0.

[Anonymous User]

Any chance of Wilson Sonsini going to 180? Some of us over in Palo Alto would appreciate some TLS speculation.

[Anonymous User]

Brad Karp sent out an email to all Paul Weiss associates stating that the firm is raising summer salaries to $3.5K starting July 1.

[Anonymous User]

Any chance of Wilson Sonsini going to 180? Some of us over in Palo Alto would appreciate some TLS speculation.

I think it's likely. It's more of a question of when.

[Anonymous User]

Can we also create a part of the first post where we list all V50-100 firms and bold all those that have matched?

I think it's important to shame those firms that do not match New York market. To this end, we need to make it visually easy to see which do not pay market before recruiting time. This will help rising 2L students know which firms to completely forget about when it comes to bidding and comparing offers. Every competitive student at OCI this autumn should under no circumstances consider a firm that does not pay market, and the best way to do that is to make it as clear as possible to everyone which do not.

The more pressure we put on ALL firms to match, the more overall inflation in associate salaries there is, and the faster we reach $200k.

[Anonymous User]

Can the OP include the offices affected by the raise in order to increase pressure on e.g. Californian and Texan firms to go to 180 show a clearer, fuller picture?

[umichman]

tag. someone in other thread said on of TX big 3 in next few days

Wait, what? Did someone hear something from VE? They will lead that group, but I haven't heard anything out of any of the Texas offices yet.

dunno, also it seems Kirkland Houston will be going to 180 so that might put some pressure on

Did a memo go out to this effect?

[Anonymous User]

one of the ny elite firms will announce 190k base this week

[trbrny]

Can the OP include the offices affected by the raise in order to increase pressure on e.g. Californian and Texan firms to go to 180 show a clearer, fuller picture?

Have there been any thus far that are clearly specific to a particular region/market?

[Anonymous User]

one of the ny elite firms will announce 190k base this week

Wishful thinking or . . . ?