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

[Big Shrimpin]

God I hate law firms.

[djackso1]

What the fuck is a market driven force other than one firm trying to get a competitive advantage and then all of the other firms realizing they have to match or suffer competitive consequences?

Isn't that exactly a market driven force?

Some people love to talk about the power of market forces when it's the market for capital, but totally invert their logic when it's the market for labor.

[hoos89]

What the fuck is a market driven force other than one firm trying to get a competitive advantage and then all of the other firms realizing they have to match or suffer competitive consequences?

Isn't that exactly a market driven force?

Some people love to talk about the power of market forces when it's the market for capital, but totally invert their logic when it's the market for labor.

Yeah, if "you keep poaching all our mid-levels" isn't a market force, I don't know what is.

[Anonymous User]

Can we change the title to shame JD into matching? This is getting ridiculous.

I don't think JD really matched the market before this increase. Not sure why that would change now.

Not in total comp of course, but they basically do in base comp. Which, as an incoming associate, is what I care about at the moment. I, and I assume everyone else who accepted an offer from JD, knew what they were getting into in terms of getting forever nobonused. But I accepted that on the understanding that my base comp would at least still be market. It's just ridiculous that every firm I turned down, save maybe one at this point, has moved to 180.

I'm not sure JD even matches base comp after your first couple of years, at least not consistently. I honestly don't understand why someone who prioritizes market compensation would choose JD.

Wouldn't say it was a priority, but something I expected. Keep in mind I made my decision before bonuses were announced in fall 2014. Before 2014, they had been pretty shitty. Never planned on staying more than a couple years, so 25k over two years didn't seem like that big of a deal when weighed against how much I liked the firm vs. the other ones I had offers from that followed market bonuses. (I suppose I could have switched during 3L, but I didn't). But now the difference is up to 40k over 2 years just in base comp, plus whatever I lose out on bonuses. That's untenable to me.

[Monochromatic Oeuvre]

What the fuck is a market driven force other than one firm trying to get a competitive advantage and then all of the other firms realizing they have to match or suffer competitive consequences?

Isn't that exactly a market driven force?

Some people love to talk about the power of market forces when it's the market for capital, but totally invert their logic when it's the market for labor.

Yeah, if "you keep poaching all our mid-levels" isn't a market force, I don't know what is.

*robs your house*

*cannot think of a force that would have compelled you to put a lock on your door*

[Anonymous User]

Where's the anon who promised WilmerHale today?

[Anonymous User]

When is Morgan going to move?

[Anonymous User]

*

[Cicero76]

What clothes does American apparel sell that I could wear to work. Gotta buy them all


https://bol.bna.com/gc-and-managing-par ... -salaries/

[imalreadyamember?]

What clothes does American apparel sell that I could wear to work. Gotta buy them all


https://bol.bna.com/gc-and-managing-par ... -salaries/

They have like a one-piece bodysuit where the bottom part is a thong? That work for your dress code?

[El Pollito]

when is it cool to start whining about being underpaid again? 2 years?

after the upcoming layoffs that kick out the unprofitable people.

I billed like 20 hours on a 4-day vacation. let the hunger games begin.

[PeanutsNJam]

Am I the only one unsympathetic to secondary markets like Houston/Atl/Miami bitching about not getting 180k? If we could drop Houston offices down to 145k and raise NYC to 200k I'd do that in a heartbeat.

[North]

Am I the only one unsympathetic to secondary markets like Houston/Atl/Miami bitching about not getting 180k? If we could drop Houston offices down to 145k and raise NYC to 200k I'd do that in a heartbeat.

We would do the exact same to you breh

[BigZuck]

People ITT begrudging other people ITT making more money is really neat

+1

[Mr. Peanutbutter]

People ITT begrudging other people ITT making more money is really neat

+1

stfu people in other markets getting overpaid is exactly what leads to NYC pay stagnating for 10 years.

[PennBull]

when is it cool to start whining about being underpaid again? 2 years?

after the upcoming layoffs that kick out the unprofitable people.

I billed like 20 hours on a 4-day vacation. let the hunger games begin.

Ensuring that there is proper coverage on vacation is requirement #1 when I switch firms.

[unlicensedpotato]

People ITT begrudging other people ITT making more money is really neat

+1

stfu people in other markets getting overpaid is exactly what leads to NYC pay stagnating for 10 years.

Opposite, secondary markets catching up with NY comp is what drove NY to raise.

[Mr. Peanutbutter]

I just don't like BigZuck, not really trying to make an actual argument.

[Br3v]

when is it cool to start whining about being underpaid again? 2 years?

after the upcoming layoffs that kick out the unprofitable people.

I billed like 20 hours on a 4-day vacation. let the hunger games begin.

Ensuring that there is proper coverage on vacation is requirement #1 when I switch firms.

Coverage = associates who step in while you're on vacation?

[PennBull]

when is it cool to start whining about being underpaid again? 2 years?

after the upcoming layoffs that kick out the unprofitable people.

I billed like 20 hours on a 4-day vacation. let the hunger games begin.

Ensuring that there is proper coverage on vacation is requirement #1 when I switch firms.

Coverage = associates who step in while you're on vacation?

Yes.

[wiz]

Am I the only one unsympathetic to secondary markets like Houston/Atl/Miami bitching about not getting 180k? If we could drop Houston offices down to 145k and raise NYC to 200k I'd do that in a heartbeat.

Houston shouldn't be grouped with Atlanta and Miami you fool.

[Anonymous User]

Foley cockteased today. Probably no decision until after an end-of-the-month management committee meeting.

what did they say? I'm assuming SA at the retreat?

At the retreat, they (Rothman and Jaspan) indicated that the raises happened right after their last management committee meeting, so there's no decision yet. They mentioned the next meeting isn't until near the end of the month. They stated their intent is to be competitive geographically, so likely good news for major markets and questionable news for other offices (which isn't a surprise by any means, given how the firm is organized; raising all secondaries to $180k would cost Foley a lot more than it would many other firms). Hopefully it still means something for those other offices, but we'll see.

[El Pollito]

when is it cool to start whining about being underpaid again? 2 years?

after the upcoming layoffs that kick out the unprofitable people.

I billed like 20 hours on a 4-day vacation. let the hunger games begin.

Ensuring that there is proper coverage on vacation is requirement #1 when I switch firms.

Coverage = associates who step in while you're on vacation?

Yes.

honestly, many did and they are awesome and i won't forget it. it just takes one person not to care. it's also harder to force people to cover when you're not super senior, so it was cool that people many years senior to me took my work on.

[Anonymous User]

Andrews Kurth matched

[Tiago Splitter]

Andrews Kurth matched

Is Dallas pretty solidly 180 across the board at this point?