Milbank/Davis Polk/Cravath Scale: NYC to 215-415k Forum

[nealric]

What, exactly, makes a counter fake? Like, you lean on it, and it falls? Or you set your lobster on it, and it just slides off?

No marble, it's this weird material that I'm not sure what it's called. Essentially the equivalent of linoleum but for counters.

Eyyy me too (floors and counters) but mine are bright yellow counters. Gotta do the bathrooms first, that mold can't be good.

The 80s were a wild time for interior design. My counters are yellowish but I think originally off white? Idk it's not great. And I peeled back a corner of the lino and there's literally 4 layers of lino there, each time they just slapped a new layer on top.

These people also had white carpet in the dining room. White. Carpet. Dining. Room. We ripped it up and there was half decent wood underneath, didn't cost much to polish.

Here we are Neil! You see this? We're discussing 1980s interior decorating philosophy. Is this what you wanted? Are you entertained?

Are you talking to me? I simply don't have the time or inclination to moderate every single instance of thread drift. TLS doesn't have very many moderators, and we aren't paid for what we do. If people start ranting about politics or flaming each-other, I will step in if reported. If people want to talk about carpeted 80s dining rooms, I really don't care as long as it doesn't swallow the whole thread.

I think that anon was addressing Neil Barr (who I can only assume is following this thread with close interest).

Sorry, haven't been fulling following the thread. I've gotten about a dozen reported posts on the comp threads about "off topic" posts.

[nealric]

What, exactly, makes a counter fake? Like, you lean on it, and it falls? Or you set your lobster on it, and it just slides off?

No marble, it's this weird material that I'm not sure what it's called. Essentially the equivalent of linoleum but for counters.

Eyyy me too (floors and counters) but mine are bright yellow counters. Gotta do the bathrooms first, that mold can't be good.

The 80s were a wild time for interior design. My counters are yellowish but I think originally off white? Idk it's not great. And I peeled back a corner of the lino and there's literally 4 layers of lino there, each time they just slapped a new layer on top.

These people also had white carpet in the dining room. White. Carpet. Dining. Room. We ripped it up and there was half decent wood underneath, didn't cost much to polish.

Here we are Neil! You see this? We're discussing 1980s interior decorating philosophy. Is this what you wanted? Are you entertained?

Are you talking to me? I simply don't have the time or inclination to moderate every single instance of thread drift. TLS doesn't have very many moderators, and we aren't paid for what we do. If people start ranting about politics or flaming each-other, I will step in if reported. If people want to talk about carpeted 80s dining rooms, I really don't care as long as it doesn't swallow the whole thread.

I think that anon was addressing Neil Barr (who I can only assume is following this thread with close interest).

Sorry, haven't been fully following the thread. I've gotten about a dozen reported posts on the comp threads about "off topic" posts.

[Anonymous User]

Just curious. Does anyone know if there is a deadline for matching within the year? Like no new matches would be made after the end of February for example.

Yes, NALP rule 3.2 (which roughly corresponds to ABA rule 52.2) requires that if a market paying firm raises, all other firms must match within no more than 90 days to continue to be considered "market." Any firm that does not match within the specified period will lose "market" distinction and is subject to exclusion from T3 and CLS OCI. There are also some provisions about automatic penalization in the Vault rankings by no less than 5 rankings spots, but those seem dependent on factors like how big the raise is, how many other firms matched, etc. and it gets a big murky.

Is that the deadline you were thinking of?

Perfect response. Thank you for elaborating

[AureliusCapital]

Pack it up, not happening today.

[Anonymous User]

Pack it up, not happening today.

Sobs quietly.

[NoLongerALurker]

No marble, it's this weird material that I'm not sure what it's called. Essentially the equivalent of linoleum but for counters.

Eyyy me too (floors and counters) but mine are bright yellow counters. Gotta do the bathrooms first, that mold can't be good.

The 80s were a wild time for interior design. My counters are yellowish but I think originally off white? Idk it's not great. And I peeled back a corner of the lino and there's literally 4 layers of lino there, each time they just slapped a new layer on top.

These people also had white carpet in the dining room. White. Carpet. Dining. Room. We ripped it up and there was half decent wood underneath, didn't cost much to polish.

Here we are Neil! You see this? We're discussing 1980s interior decorating philosophy. Is this what you wanted? Are you entertained?

Are you talking to me? I simply don't have the time or inclination to moderate every single instance of thread drift. TLS doesn't have very many moderators, and we aren't paid for what we do. If people start ranting about politics or flaming each-other, I will step in if reported. If people want to talk about carpeted 80s dining rooms, I really don't care as long as it doesn't swallow the whole thread.

I think that anon was addressing Neil Barr (who I can only assume is following this thread with close interest).

Sorry, haven't been fully following the thread. I've gotten about a dozen reported posts on the comp threads about "off topic" posts.

Big fan of hands off moderation of comp threads. Keep up the good work, mate, please.

[clone22]

Just curious. Does anyone know if there is a deadline for matching within the year? Like no new matches would be made after the end of February for example.

If there was a deadline this whole thing would be even more antitrust-y than it already is. But informally, end of February is probably a good guess for the time by which all the major firms should have matched.

I'm looking forward to the DPW match in early December, retroactive to January 1.

As entertaining as that thought would be, I have a feeling that end of February will be the "psychological"
threshold after which associates at firms that have not matched will start quietly sending their resumes to the matching firms.

[Anonymous User]

Just curious. Does anyone know if there is a deadline for matching within the year? Like no new matches would be made after the end of February for example.

Yes, NALP rule 3.2 (which roughly corresponds to ABA rule 52.2) requires that if a market paying firm raises, all other firms must match within no more than 90 days to continue to be considered "market." Any firm that does not match within the specified period will lose "market" distinction and is subject to exclusion from T3 and CLS OCI. There are also some provisions about automatic penalization in the Vault rankings by no less than 5 rankings spots, but those seem dependent on factors like how big the raise is, how many other firms matched, etc. and it gets a big murky.

Is that the deadline you were thinking of?

Snarky but good

[Anonymous User]

No marble, it's this weird material that I'm not sure what it's called. Essentially the equivalent of linoleum but for counters.

Eyyy me too (floors and counters) but mine are bright yellow counters. Gotta do the bathrooms first, that mold can't be good.

The 80s were a wild time for interior design. My counters are yellowish but I think originally off white? Idk it's not great. And I peeled back a corner of the lino and there's literally 4 layers of lino there, each time they just slapped a new layer on top.

These people also had white carpet in the dining room. White. Carpet. Dining. Room. We ripped it up and there was half decent wood underneath, didn't cost much to polish.

Here we are Neil! You see this? We're discussing 1980s interior decorating philosophy. Is this what you wanted? Are you entertained?

Are you talking to me? I simply don't have the time or inclination to moderate every single instance of thread drift. TLS doesn't have very many moderators, and we aren't paid for what we do. If people start ranting about politics or flaming each-other, I will step in if reported. If people want to talk about carpeted 80s dining rooms, I really don't care as long as it doesn't swallow the whole thread.

I think that anon was addressing Neil Barr (who I can only assume is following this thread with close interest).

Sorry, haven't been fulling following the thread. I've gotten about a dozen reported posts on the comp threads about "off topic" posts.

This was addressed at Neil Barr who I have on good authority is following this thread and laughing his ass off.

[ElCuervo]

It would really be something if there were no news by the end of next week and many firms, including DPW (assuming they pay bimonthly), paid associates for a second time below market.

[woopig2017]

You would think that announcing a match on Friday afternoon and getting the full weekend to soak in being the firm that moved without others stealing your thunder over the weekend would be a good strategy.

Whatever is going on, this situation is frustrating.

[Anonymous User]

You would think that announcing a match on Friday afternoon and getting the full weekend to soak in being the firm that moved without others stealing your thunder over the weekend would be a good strategy.

Whatever is going on, this situation is frustrating.

That would be good for us hyper-attentive folks but people check out on the weekend, so you lose the Friday audience and by the time Monday hits, you are old news.

[njdevils2626]

You would think that announcing a match on Friday afternoon and getting the full weekend to soak in being the firm that moved without others stealing your thunder over the weekend would be a good strategy.

Whatever is going on, this situation is frustrating.

That would be good for us hyper-attentive folks but people check out on the weekend, so you lose the Friday audience and by the time Monday hits, you are old news.

I definitely get this logic for politics, but I don't buy that there's enough insider legal industry news that something like this would be stale by Monday

[Anonymous User]

I care less about when I get my raise and more about it being retroactive to Jan. 1. It feels like the farther away we get from Jan. 1, the greater the risk of it not being retroactive...

[woopig2017]

Is anyone starting to wonder if there is a world where the rest don't move at all? Only around 5 firms have done the raise - I'd think at this point the partners could still argue that they are paying "market" and that those firms are "above-market" as some smaller players have been in the past.

[Anonymous User]

I care less about when I get my raise and more about it being retroactive to Jan. 1. It feels like the farther away we get from Jan. 1, the greater the risk of it not being retroactive...

Seriously. Going to start being a quite serious lump sump payment once another paycheck comes and goes.

[clone22]

Is anyone starting to wonder if there is a world where the rest don't move at all? Only around 5 firms have done the raise - I'd think at this point the partners could still argue that they are paying "market" and that those firms are "above-market" as some smaller players have been in the past.

DLA Piper to V5!

[Anonymous User]

Is anyone starting to wonder if there is a world where the rest don't move at all? Only around 5 firms have done the raise - I'd think at this point the partners could still argue that they are paying "market" and that those firms are "above-market" as some smaller players have been in the past.

First, that's incorrect. Second, let's not get crazy. There is 0 world where "the rest" (every firm in the V25 and almost every firm in the V50) don't move. Cadwalader, McDermott, Freid Frank, Goodwin, Irell, Baker, Wilmer, and Winston have all matched already. Everyone else is just waiting for DPW to stop being a PAIN IN THE ASS and announce what they're going to do.

[ExpOriental]

Is anyone starting to wonder if there is a world where the rest don't move at all? Only around 5 firms have done the raise - I'd think at this point the partners could still argue that they are paying "market" and that those firms are "above-market" as some smaller players have been in the past.

Not even a remote possibility.

[Anonymous User]

WHY IS THIS TAKING SO LONG. Some of us have really important things we have to plan for like wanting to know if we can buy more shiny things and an endless supply of sushi. These firms are so selfish.

[JusticeChuckleNutz]

WHY IS THIS TAKING SO LONG. Some of us have really important things we have to plan for like wanting to know if we can buy more shiny things and an endless supply of sushi. These firms are so selfish.

Due to the amount of lobster talk in this thread, I read "selfish" as shellfish

[Anonymous User]

WHY IS THIS TAKING SO LONG. Some of us have really important things we have to plan for like wanting to know if we can buy more shiny things and an endless supply of sushi. These firms are so selfish.

These firms are so shellfish.**

[AureliusCapital]

I called Neil. He told me 4 EST today.

[woopig2017]

Is anyone starting to wonder if there is a world where the rest don't move at all? Only around 5 firms have done the raise - I'd think at this point the partners could still argue that they are paying "market" and that those firms are "above-market" as some smaller players have been in the past.

First, that's incorrect. Second, let's not get crazy. There is 0 world where "the rest" (every firm in the V25 and almost every firm in the V50) don't move. Cadwalader, McDermott, Freid Frank, Goodwin, Irell, Baker, Wilmer, and Winston have all matched already. Everyone else is just waiting for DPW to stop being a PAIN IN THE ASS and announce what they're going to do.

OK, so 8 not 5. Still missing a lot of big names there. I still think they all will, but I also think if it hasn't happened prior to next paystub then we won't get true ups to the beginning of the year as the lump sums start to get too big at that point.

[Anonymous User]

WHY IS THIS TAKING SO LONG. Some of us have really important things we have to plan for like wanting to know if we can buy more shiny things and an endless supply of sushi. These firms are so selfish.

These firms are so shellfish.**

lmfao