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

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Who will join the CovingTTTon list next?

WilmerHale
15
6%
Arnold & Porter
23
10%
Hogan Lovells
12
5%
Akin Gump
7
3%
Jones Day
114
47%
Jenner & Block
8
3%
Paul Hastings
7
3%
WachTTTell
23
10%
Other
7
3%
No one! YAY!
25
10%
 
Total votes: 241

lurklaw

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

Post by lurklaw » Fri Jun 24, 2016 9:24 am

El Pollito wrote:we're gonna get brexited
lol, biglaw is so slow to move that, yet again, its upward adjustment to market salaries is a leading indicator of a recession

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

Post by Anonymous User » Fri Jun 24, 2016 9:40 am

lurklaw wrote:
El Pollito wrote:we're gonna get brexited
lol, biglaw is so slow to move that, yet again, its upward adjustment to market salaries is a leading indicator of a recession
Correlation is not Causation.

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Big Shrimpin

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

Post by Big Shrimpin » Fri Jun 24, 2016 9:54 am

NORAISES

BONEUS

NOBREAKFAST

(an associate's tale)

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Single-Malt-Liquor

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

Post by Single-Malt-Liquor » Fri Jun 24, 2016 9:59 am

With the pound falling, is the UK the new Texas?

Mr. Peanutbutter

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

Post by Mr. Peanutbutter » Fri Jun 24, 2016 10:15 am

Big Shrimpin wrote:NORAISES

BONEUS

NOBREAKFAST

(an associate's tale)
:lol: :lol:

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Abbie Doobie

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

Post by Abbie Doobie » Fri Jun 24, 2016 10:25 am

Single-Malt-Liquor wrote:With the pound falling, is the UK the new Texas?
to the contrary, pounds are rising in texas http://stateofobesity.org/states/tx/

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Big Shrimpin

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

Post by Big Shrimpin » Fri Jun 24, 2016 10:29 am

Abbie Doobie wrote:
Single-Malt-Liquor wrote:With the pound falling, is the UK the new Texas?
to the contrary, pounds are rising in texas http://stateofobesity.org/states/tx/

inb4 4000SQFT WIFE xo jokes

lurklaw

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

Post by lurklaw » Fri Jun 24, 2016 11:28 am

Anonymous User wrote:
lurklaw wrote:
El Pollito wrote:we're gonna get brexited
lol, biglaw is so slow to move that, yet again, its upward adjustment to market salaries is a leading indicator of a recession
Correlation is not Causation.
brave [a]non-sequitur

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Single-Malt-Liquor

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

Post by Single-Malt-Liquor » Fri Jun 24, 2016 11:28 am

Big Shrimpin wrote:
Abbie Doobie wrote:
Single-Malt-Liquor wrote:With the pound falling, is the UK the new Texas?
to the contrary, pounds are rising in texas http://stateofobesity.org/states/tx/

inb4 4000SQFT WIFE xo jokes
K&E ALPHA Texas bros roping and mounting quality steer grade cowgirls. Meanwhile Magic Circle BETAs getting bruises from PALE BONY British SLAPPERS after eating shitty fish & chips. No vinegar.

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Anonymous User
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Re: NY GOES TO 180k! IT HAPPENED!!!! (CovingTTTon does a 180! Holder wept.)

Post by Anonymous User » Fri Jun 24, 2016 12:11 pm

Anonymous User wrote:I am not the anon who said Brogan would tell summers. But an open forum like that would be the last place brogan would say anything about pay. I stand by my original comment that the raises will come via regularly scheduled comp memos at the end of June. You heard it here first.
Same anon as above. Happy to report that Jones Day has gone to 180 for first years via regularly scheduled comp memo. "Told you so." -Me.

Thank you Brogan; you are opaque yet so predictable.

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

Post by Anonymous User » Fri Jun 24, 2016 12:27 pm

All offices? Including Miami?

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

Post by Anonymous User » Fri Jun 24, 2016 12:36 pm

Anonymous User wrote:
Anonymous User wrote:I am not the anon who said Brogan would tell summers. But an open forum like that would be the last place brogan would say anything about pay. I stand by my original comment that the raises will come via regularly scheduled comp memos at the end of June. You heard it here first.
Same anon as above. Happy to report that Jones Day has gone to 180 for first years via regularly scheduled comp memo. "Told you so." -Me.

Thank you Brogan; you are opaque yet so predictable.
Which offices?

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unlicensedpotato

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

Post by unlicensedpotato » Fri Jun 24, 2016 12:38 pm

Anonymous User wrote:
Anonymous User wrote:I am not the anon who said Brogan would tell summers. But an open forum like that would be the last place brogan would say anything about pay. I stand by my original comment that the raises will come via regularly scheduled comp memos at the end of June. You heard it here first.
Same anon as above. Happy to report that Jones Day has gone to 180 for first years via regularly scheduled comp memo. "Told you so." -Me.

Thank you Brogan; you are opaque yet so predictable.
:roll:

Gee, JD gets a bad rap for no reason.

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Anonymous User
Posts: 432643
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Re: NY GOES TO 180k! IT HAPPENED!!!! (CovingTTTon does a 180! Holder wept.)

Post by Anonymous User » Fri Jun 24, 2016 12:40 pm

unlicensedpotato wrote:
Anonymous User wrote:
Anonymous User wrote:I am not the anon who said Brogan would tell summers. But an open forum like that would be the last place brogan would say anything about pay. I stand by my original comment that the raises will come via regularly scheduled comp memos at the end of June. You heard it here first.
Same anon as above. Happy to report that Jones Day has gone to 180 for first years via regularly scheduled comp memo. "Told you so." -Me.

Thank you Brogan; you are opaque yet so predictable.
:roll:

Gee, JD gets a bad rap for no reason.
Yeah, we could have handled this in a million better ways, ha.

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Tiago Splitter

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

Post by Tiago Splitter » Fri Jun 24, 2016 12:40 pm

The Predictable Maverick does it again.

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TatteredDignity

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

Post by TatteredDignity » Fri Jun 24, 2016 12:42 pm

Monochromatic Oeuvre wrote:
Ms. Lees, who oversees the insurance company’s 1,400-person legal team, ends by reminding the law firms that clients like herself, “are fortunate to enjoy a robust legal marketplace in which competition prevails” and can reward those who innovate. “I encourage your firm to demonstrate prudence when considering the business decisions of firms such as Cravath,” she says. “To do otherwise is to ignore the realities of the marketplace and forego an opportunity to lead.”
So in this "competitive marketplace" where literally thousands of shitfirms would love to take Allstate's cases on for peanuts, they nonetheless keep telling Forrest & Gump LLP to fuck off in favor of Kirkland et. al.

LOL at this TTT Oklahoma dumbfuck highlighting the one variable that decimates her point. Maybe she doesn't hire the discount firms because she doesn't want to have to explain to the CEO that they lost a nine-figure case because some Simple Jack partner made an argument that dumb.
Yup.

Anonymous User
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Re: NY GOES TO 180k! IT HAPPENED!!!! (CovingTTTon does a 180! Holder wept.)

Post by Anonymous User » Fri Jun 24, 2016 12:50 pm

unlicensedpotato wrote:
Anonymous User wrote:
Anonymous User wrote:I am not the anon who said Brogan would tell summers. But an open forum like that would be the last place brogan would say anything about pay. I stand by my original comment that the raises will come via regularly scheduled comp memos at the end of June. You heard it here first.
Same anon as above. Happy to report that Jones Day has gone to 180 for first years via regularly scheduled comp memo. "Told you so." -Me.

Thank you Brogan; you are opaque yet so predictable.
:roll:

Gee, JD gets a bad rap for no reason.
Can confirm that JD just shit the bed on everyone 2nd year and up tho...

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Anonymous User
Posts: 432643
Joined: Tue Aug 11, 2009 9:32 am

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

Post by Anonymous User » Fri Jun 24, 2016 12:52 pm

Anonymous User wrote:
unlicensedpotato wrote:
Anonymous User wrote:
Same anon as above. Happy to report that Jones Day has gone to 180 for first years via regularly scheduled comp memo. "Told you so." -Me.

Thank you Brogan; you are opaque yet so predictable.
:roll:

Gee, JD gets a bad rap for no reason.
Can confirm that JD just shit the bed on everyone 2nd year and up tho...
Care to elaborate?

Also, no email to incoming associates yet.

Anonymous User
Posts: 432643
Joined: Tue Aug 11, 2009 9:32 am

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

Post by Anonymous User » Fri Jun 24, 2016 12:53 pm

Anonymous User wrote:
Anonymous User wrote:
unlicensedpotato wrote:
Anonymous User wrote:
Same anon as above. Happy to report that Jones Day has gone to 180 for first years via regularly scheduled comp memo. "Told you so." -Me.

Thank you Brogan; you are opaque yet so predictable.
:roll:

Gee, JD gets a bad rap for no reason.
Can confirm that JD just shit the bed on everyone 2nd year and up tho...
Care to elaborate?

Also, no email to incoming associates yet.
These aren't emails. They are hard copy and hand-delivered individually.

Anonymous User
Posts: 432643
Joined: Tue Aug 11, 2009 9:32 am

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

Post by Anonymous User » Fri Jun 24, 2016 12:54 pm

Anonymous User wrote:
Anonymous User wrote:
unlicensedpotato wrote:
Anonymous User wrote:
Same anon as above. Happy to report that Jones Day has gone to 180 for first years via regularly scheduled comp memo. "Told you so." -Me.

Thank you Brogan; you are opaque yet so predictable.
:roll:

Gee, JD gets a bad rap for no reason.
Can confirm that JD just shit the bed on everyone 2nd year and up tho...
Care to elaborate?

Also, no email to incoming associates yet.
Also any word on which offices are included?

Anonymous User
Posts: 432643
Joined: Tue Aug 11, 2009 9:32 am

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

Post by Anonymous User » Fri Jun 24, 2016 12:54 pm

Anonymous User wrote:
Anonymous User wrote:
Anonymous User wrote:
unlicensedpotato wrote:
:roll:

Gee, JD gets a bad rap for no reason.
Can confirm that JD just shit the bed on everyone 2nd year and up tho...
Care to elaborate?

Also, no email to incoming associates yet.
These aren't emails. They are hard copy and hand-delivered individually.
Well, yeah, I know, I was just confirming for those interested that us incoming associates have yet to be notified of any salary change.

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Anonymous User
Posts: 432643
Joined: Tue Aug 11, 2009 9:32 am

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

Post by Anonymous User » Fri Jun 24, 2016 12:56 pm

Anonymous User wrote:
Anonymous User wrote:
Anonymous User wrote:
Anonymous User wrote:
unlicensedpotato wrote:
:roll:

Gee, JD gets a bad rap for no reason.
Can confirm that JD just shit the bed on everyone 2nd year and up tho...
Care to elaborate?

Also, no email to incoming associates yet.
These aren't emails. They are hard copy and hand-delivered individually.
Well, yeah, I know, I was just confirming for those interested that us incoming associates have yet to be notified of any salary change.
I bet you'll get them via snail mail... wouldn't be surprised. Can summers confirm if they got bumped?

Anonymous User
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Re: NY GOES TO 180k! IT HAPPENED!!!! (CovingTTTon does a 180! Holder wept.)

Post by Anonymous User » Fri Jun 24, 2016 12:58 pm

Poof
Last edited by Anonymous User on Mon Jun 27, 2016 8:44 pm, edited 2 times in total.

Anonymous User
Posts: 432643
Joined: Tue Aug 11, 2009 9:32 am

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

Post by Anonymous User » Fri Jun 24, 2016 1:07 pm

Anonymous User wrote:
Anonymous User wrote:
Care to elaborate?

Also, no email to incoming associates yet.
JD does there usual bumps off-cycle, so after first year, you spend first half of the year making scale and second half making the next level up, give or take. I.e. class of 2014 was making 170k, and would've been scheduled to go to ~$185k. The minimum anyone was expecting was at least $205k for class of 2014. We also used to say that bonuses were built into our comp, so many were hoping for at least $215k. So at the end of the year we're $15k behind peer firms. That gap grows as you get Sr. Class of 2009 assoc got bumped to $300, but remember he should've been bumped to class of '08 scale. Also remember that he's $100k behind peers come bone-us time.

No one is happy except maybe the first years.

ETA: NYC office has historically had larger bumps than other offices, my numbers are from a non-NYC major market office.
So you lose six months of increased pay vs other firms?

So if you start in Oct 2016, you don't get raised to 2nd year salary until July 2018?

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homestyle28

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

Post by homestyle28 » Fri Jun 24, 2016 1:15 pm

Poof
Last edited by homestyle28 on Mon Jun 27, 2016 9:50 pm, edited 1 time in total.

Seriously? What are you waiting for?

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