NYC to 200k Forum

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Anonymous User
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Re: NYC to 200k

Post by Anonymous User » Wed Jun 06, 2018 12:09 pm

Sat one table over from a cravath partner at Bouley last night. She only ordered the $300 bottle of wine, declined the special.

NY to 215.

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yomisterd

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Re: NYC to 200k

Post by yomisterd » Wed Jun 06, 2018 12:11 pm

Anonymous User wrote:Sat one table over from a cravath partner at Bouley last night. She only ordered the $300 bottle of wine, declined the special.

NY to 215.
ANONBOMB

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Re: NYC to 200k

Post by Anonymous User » Wed Jun 06, 2018 12:13 pm

Anonymous User wrote:Sat one table over from a cravath partner at Bouley last night. She only ordered the $300 bottle of wine, declined the special.

NY to 215.
We get it, you go to nice restaurants.

Anonymous User
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Re: NYC to 200k

Post by Anonymous User » Wed Jun 06, 2018 12:20 pm

Proskauer didn’t raise all offices. Anyone know what the NJ and NOLA raises are?

PotatoSalad

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Re: NYC to 200k

Post by PotatoSalad » Wed Jun 06, 2018 12:21 pm

Anonymous User wrote:
Anonymous User wrote:Sat one table over from a cravath partner at Bouley last night. She only ordered the $300 bottle of wine, declined the special.

NY to 215.
We get it, you go to nice restaurants.
We get it, you got rejected from Yale/Columbia

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Anonymous User
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Re: NYC to 200k

Post by Anonymous User » Wed Jun 06, 2018 12:22 pm

Man from Nantucket wrote:
Clearly wrote:
Cobretti wrote: Oh my god we get it, you went to Columbia. Give it a rest man.
*Yale/Columbia
Yale/Columbia > Debevoise
Lol at the people who went to absolutely disgusting trash schools like NW, Georgetown and Berkeley ragging on CLS. Nobody at CLS considers those schools to be peer. CLSers at top firms like dpw and S&C typically have a 175+ on the lsat just like at YLS or HLS. Ppl of that caliber generally don’t even exist at lower T14. Every time I see a lower T14 loser at a V5, I can’t help but feel they’re diluting the prestige of the institution. Below median garbage.

OneTwoThreeFour

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Re: NYC to 200k

Post by OneTwoThreeFour » Wed Jun 06, 2018 12:23 pm

Anonymous User wrote:
Man from Nantucket wrote:
Clearly wrote:
Cobretti wrote: Oh my god we get it, you went to Columbia. Give it a rest man.
*Yale/Columbia
Yale/Columbia > Debevoise
Lol at the people who went to absolutely disgusting trash schools like NW, Georgetown and Berkeley ragging on CLS. Nobody at CLS considers those schools to be peer. CLSers at top firms like dpw and S&C typically have a 175+ on the lsat just like at YLS or HLS. Ppl of that caliber generally don’t even exist at lower T14. Every time I see a lower T14 loser at a V5, I can’t help but feel they’re diluting the prestige of the institution. Below median garbage.
lol the sad thing is I honestly can't tell who's trolling anymore

ghostoftraynor

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Re: NYC to 200k

Post by ghostoftraynor » Wed Jun 06, 2018 12:29 pm

Anonymous User wrote:Sat one table over from a cravath partner at Bouley last night. She only ordered the $300 bottle of wine, declined the special.

NY to 215.
Sandra Goldstein now works at Kirkland. NY to $235k confirmed.

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Cobretti

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Re: NYC to 200k

Post by Cobretti » Wed Jun 06, 2018 12:33 pm

OneTwoThreeFour wrote:
Anonymous User wrote:
Man from Nantucket wrote:
Clearly wrote:
Cobretti wrote: Oh my god we get it, you went to Columbia. Give it a rest man.
*Yale/Columbia
Yale/Columbia > Debevoise
Lol at the people who went to absolutely disgusting trash schools like NW, Georgetown and Berkeley ragging on CLS. Nobody at CLS considers those schools to be peer. CLSers at top firms like dpw and S&C typically have a 175+ on the lsat just like at YLS or HLS. Ppl of that caliber generally don’t even exist at lower T14. Every time I see a lower T14 loser at a V5, I can’t help but feel they’re diluting the prestige of the institution. Below median garbage.
lol the sad thing is I honestly can't tell who's trolling anymore
meta is the new meta

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Man from Nantucket

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Re: NYC to 200k

Post by Man from Nantucket » Wed Jun 06, 2018 12:33 pm

Anonymous User wrote:
Man from Nantucket wrote:
Clearly wrote:
Cobretti wrote: Oh my god we get it, you went to Columbia. Give it a rest man.
*Yale/Columbia
Yale/Columbia > Debevoise
Lol at the people who went to absolutely disgusting trash schools like NW, Georgetown and Berkeley ragging on CLS. Nobody at CLS considers those schools to be peer. CLSers at top firms like dpw and S&C typically have a 175+ on the lsat just like at YLS or HLS. Ppl of that caliber generally don’t even exist at lower T14. Every time I see a lower T14 loser at a V5, I can’t help but feel they’re diluting the prestige of the institution. Below median garbage.
Debevoise and their Yale/Columbia median associate similarly look down at S&C.

Anonymous User
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Re: NYC to 200k

Post by Anonymous User » Wed Jun 06, 2018 12:33 pm

The funny thing is Columbia is just the poor man's NYU. I mean why spend 3 years uptown when you could be downtown?

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nealric

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Re: NYC to 200k

Post by nealric » Wed Jun 06, 2018 12:45 pm

yomisterd wrote:
Anonymous User wrote:
Man from Nantucket wrote: How many Debevoise associates do we have in this thread?
Out of that list, K&E is the one that does not belong, not Debevoise. Like DPW, CSM and CGSH, the median lawyer at Debevoise attended Columbia; the median lawyer at Kirkland attended Cornell.
companies don’t care where the associates at the law firm they hire went to school.

spotted the straight through
As an in-house guy, I'd say we sort of do. We generally ask for a list of people who will be staffed on a matter, and I will usually take a quick look at the bios for associates. While I don't specifically care where the associate went to school, I do like to see strong academics. T3 Summa, LR, etc. is fine, but if no honors or LR I expect to see a T14 school on the resume. For the most part, people without these credentials don't get hired by biglaw in the first place. How much I care about academics may depend on the engagement. If it's just outsourcing basic work due to capacity issues, I care a lot less than if it's a particularly large/complex matter. I also care a lot less about academics for partners because they've been practicing long enough that they have their own independent reputations.

Also, as an aside, I really don't care how much firms pay their associates. We care about the bills to us. Usually, it's not high billing rates that result in sticker shock, it's inefficiency. I have no problem paying $1,500 for a partner's time if they efficiently resolve an issue. But a $600 an hour partner who dithers around can get expensive quick. So a firm that has high billing rates but generates a lot of business which it handles efficiently can be a very good deal. A "cheap" firm that tries to milk the engagement is far worse.

Anonymous User
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Re: NYC to 200k

Post by Anonymous User » Wed Jun 06, 2018 1:04 pm

STB: 190k match and summer bonuses 5k-25k

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Anonymous User
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Re: NYC to 200k

Post by Anonymous User » Wed Jun 06, 2018 1:05 pm

Confirming STB match + bonus.

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Greenandgold

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Re: NYC to 200k

Post by Greenandgold » Wed Jun 06, 2018 1:09 pm

Anonymous User wrote:STB: 190k match and summer bonuses 5k-25k
Congrats. Is there a breakdown of the bonuses by class year?

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Re: NYC to 200k

Post by Anonymous User » Wed Jun 06, 2018 1:09 pm

Second confirmation on STB match plus summer bonuses.

Full summer bonus scale coming

Edit:

2017: 5,000
2016: 7,500
2015: 10,000
2014: 15,000
2013: 20,000
2012: 25,000
2011: 25,000
2010: 25,000

Raises effective July 1, bonuses to be paid on June 29.

Anonymous User
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Re: NYC to 200k

Post by Anonymous User » Wed Jun 06, 2018 1:10 pm

Class of 2017 - $5,000
Class of 2016 - $7,500
Class of 2015 - $10,000
Class of 2014 - $15,000
Class of 2013 - $20,000
Class of 2012 - $25,000
Class of 2011 - $25,000
Class of 2010 - $25,000

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toast and bananas

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Re: NYC to 200k

Post by toast and bananas » Wed Jun 06, 2018 1:12 pm

Welp I guess there goes $200k - congrats STB folks, that summer bonu$ is badass

1styearlateral

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Re: NYC to 200k

Post by 1styearlateral » Wed Jun 06, 2018 1:13 pm

toast and bananas wrote:Welp I guess there goes $200k - congrats STB folks, that summer bonu$ is badass
Not necessarily. Someone could raise to 200k and not give the summer bonus. Looks like STB is trying to hedge against a raise to 200k without having to do it themselves.

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Re: NYC to 200k

Post by Anonymous User » Wed Jun 06, 2018 1:14 pm

1styearlateral wrote:
toast and bananas wrote:Welp I guess there goes $200k - congrats STB folks, that summer bonu$ is badass
Not necessarily. Someone could raise to 200k and not give the summer bonus. Looks like STB is trying to hedge against a raise to 200k without having to do it themselves.
It's a risky tactic, though. If someone else goes to 200k, STB has to go to 200k and *also* pay summer bonuses. I think they had already planned summer bonuses and were beaten to the punch by Milbank's salary increase and had to scramble.

Anonymous User
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Re: NYC to 200k

Post by Anonymous User » Wed Jun 06, 2018 1:17 pm

Whoop @ class of 2018 getting the shaft ! /s

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minnbills

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Re: NYC to 200k

Post by minnbills » Wed Jun 06, 2018 1:18 pm

Yeah as a member of the class of 2018 I really really hope cravath goes to 200k. Fuck STB.

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nealric

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Re: NYC to 200k

Post by nealric » Wed Jun 06, 2018 1:18 pm

Anonymous User wrote:
1styearlateral wrote:
toast and bananas wrote:Welp I guess there goes $200k - congrats STB folks, that summer bonu$ is badass
Not necessarily. Someone could raise to 200k and not give the summer bonus. Looks like STB is trying to hedge against a raise to 200k without having to do it themselves.
It's a risky tactic, though. If someone else goes to 200k, STB has to go to 200k and *also* pay summer bonuses. I think they had already planned summer bonuses and were beaten to the punch by Milbank's salary increase and had to scramble.
They could delay the raise to next year if they want to hedge.

Anonymous User
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Re: NYC to 200k

Post by Anonymous User » Wed Jun 06, 2018 1:19 pm

minnbills wrote:Yeah as a member of the class of 2018 I really really hope cravath goes to 200k. Fuck STB.
Haven't even started work yet and expect a bonus! I bet you attended Yale/Columbia.

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Re: NYC to 200k

Post by Anonymous User » Wed Jun 06, 2018 1:20 pm

nealric wrote:
Anonymous User wrote:
1styearlateral wrote:
toast and bananas wrote:Welp I guess there goes $200k - congrats STB folks, that summer bonu$ is badass
Not necessarily. Someone could raise to 200k and not give the summer bonus. Looks like STB is trying to hedge against a raise to 200k without having to do it themselves.
It's a risky tactic, though. If someone else goes to 200k, STB has to go to 200k and *also* pay summer bonuses. I think they had already planned summer bonuses and were beaten to the punch by Milbank's salary increase and had to scramble.
They could delay the raise to next year if they want to hedge.
There's no way STB would let itself pay less in salary (or total comp, for at least some class years, if someone went to 200k but didn't pay a summer bonus) than Cravath/S&C/DPW/etc. for even a month let alone six months to a year.
Last edited by Anonymous User on Wed Jun 06, 2018 1:21 pm, edited 1 time in total.

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