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

[Anonymous User]

Just to clarify things that have been said about GDC's Stipend... It is effectively a signing bonus. They reimburse all moving/bar expenses, PLUS give you $13,333 cash that you do not have to pay back. They also give first years stub bonuses. And you can take up to 2 months 0 interest salary advance, if you want.

Yes, $13,333 used to be equal to one months salary, but I don't think they ever represented it to be tied to the salary scale. Regardless, they are WAY above market in doing this, no real reason to increase it $1600.

[Mr. Peanutbutter]

ugh that would be so nice right now

[bruinfan10]

Just to clarify things that have been said about GDC's Stipend... It is effectively a signing bonus. They reimburse all moving/bar expenses, PLUS give you $13,333 cash that you do not have to pay back. They also give first years stub bonuses. And you can take up to 2 months 0 interest salary advance, if you want.

Yes, $13,333 used to be equal to one months salary, but I don't think they ever represented it to be tied to the salary scale. Regardless, they are WAY above market in doing this, no real reason to increase it $1600.

important to note that if you do a clerkship (like most of my gdc summer class did), gibson dunn just advances you that "stipend" OUT of your clerkship bonus. they also don't pay an additional bonus for a second clerkship.

huge slap in the face to their most qualified incoming associates, and a big part of why i bailed on GDC after my summer. they have no business keeping up their clerk-level gpa requirements if they impose a 13k penalty for clerking.

[Abbie Doobie]

even sterne raises before finnegan. this does not look good for finnegan

[kcdc1]

even sterne raises before finnegan. this does not look good for finnegan

How many of Finnegan's competitors have raised? Fish, Sterne. Anyone else?

[Anonymous User]

Not Fitzpatrick. Not sure about Knobbe, but they have a unique lock step that is below market for first years. mckool smith moved to $180k. and Desmsrais moved from $180k to $200k in a continuing effort to entice students to tank their careers before they start.

And, of course, RIP Kenyon...

[Anonymous User]

Just to clarify things that have been said about GDC's Stipend... It is effectively a signing bonus. They reimburse all moving/bar expenses, PLUS give you $13,333 cash that you do not have to pay back. They also give first years stub bonuses. And you can take up to 2 months 0 interest salary advance, if you want.

Yes, $13,333 used to be equal to one months salary, but I don't think they ever represented it to be tied to the salary scale. Regardless, they are WAY above market in doing this, no real reason to increase it $1600.

important to note that if you do a clerkship (like most of my gdc summer class did), gibson dunn just advances you that "stipend" OUT of your clerkship bonus. they also don't pay an additional bonus for a second clerkship.

huge slap in the face to their most qualified incoming associates, and a big part of why i bailed on GDC after my summer. they have no business keeping up their clerk-level gpa requirements if they impose a 13k penalty for clerking.

Actually, now Gibson does pay an additional bonus for a second clerkship.

[anonnymouse]

Not Fitzpatrick. Not sure about Knobbe, but they have a unique lock step that is below market for first years. McKool Smith moved to $180k. and Desmsrais moved from $180k to $200k in a continuing effort to entice students to tank their careers before they start.

And, of course, RIP Kenyon...

(salty Fitzpatrick 4th yr MAF at making less than DLLP 1st yrs)

[Anonymous User]

even sterne raises before finnegan. this does not look good for finnegan

From people I know that have left, it is my understanding that Finnegan has been bleeding partners (and thus associates) for a while which is probably related. Others in this thread have hypothesized that pros heavy IP shops don't have the margins to make the raise as well with increasing pressures on costs and fixed fee work. It doesn't seem that far off in my experience, although I'm not sure how the Finnegan lit practice is doing these days.

I would prefer the IP shops get on board with this whole thing though instead of continuing to dick us all around. Need it to boost the IP pay at the GP firms in secondary markets.

[Big Shrimpin]

This thread is DET

[LaLiLuLeLo]

BETA biglaw associates MEEKLY accept whatever CRUMBS partners have deemed sufficient, CONTENT to finally start planing a wedding after a 2 year engagement to their MODERATELY ATTRACTIVE fianceés.

[TLSModBot]

This thread is DET

Look there were a couple weeks of FURIOUS MATCHING; you gotta give the legal industry some time to get over the refractory period and la petite mort that's surely following.

[Big Shrimpin]

This thread is DET

Look there were a couple weeks of FURIOUS MATCHING; you gotta give the legal industry some time to get over the refractory period and la petite mort that's surely following.

There's a 180 xo bit in here somewhere but I'm too busy to find it

SUMMON monochromatic et al.

[Anonymous User]

Seward & Kissel Matched.

[Anonymous User]

S&K WOOOOO

[Anonymous User]

Already posted in Texas thread, but news is that FulbrighTTT is going to 180, effective in October, but not a true match across the whole scale.

[androstan]

Patent People:

Finnegan quasi matched (1st-3rd years): http://abovethelaw.com/2016/07/one-more ... e-weekend/

[SplitMyPants]

About time, but NAGL with Fish at the full Cravath scale.

[2014]

Can someone earmark 8/1 for creating a new NY to 200 thread? Will have a couple paychecks under our belts then and can start doing god's work.

[AndroidLawyer]

Apparently back in 1987, the average PPP was five times the first year salary. So right now we really should be pushing NY to 320.

[bern victim]

Apparently back in 1987, the average PPP was five times the first year salary. So right now we really should be pushing NY to 320.

not sure you thought the math through all the way there

[AndroidLawyer]

Apparently back in 1987, the average PPP was five times the first year salary. So right now we really should be pushing NY to 320.

not sure you thought the math through all the way there

Average PPP in 1987 was 324,500, which is five times 65,000, the first year salary then. Average PPP today is 1.61 million, divided by five is 322,000. (Of course not considering the drop in PPP that would result from such a raise).

[Anonymous User]

Apparently back in 1987, the average PPP was five times the first year salary. So right now we really should be pushing NY to 320.

not sure you thought the math through all the way there

Average PPP in 1987 was 324,500, which is five times 65,000, the first year salary then. Average PPP today is 1.61 million, divided by five is 322,000. (Of course not considering the drop in PPP that would result from such a raise).

So Associates got richer and Partners got more richer....

[Monochromatic Oeuvre]

Apparently back in 1987, the average PPP was five times the first year salary. So right now we really should be pushing NY to 320.

This implies that S&C ought to be paying the same for the HLS magna kids they demand as Stroock does for median at Vanderbilt.

[Anonymous User]

Can we talk about Atlanta firms shafting patent associates? A+B, Kilpatrick, Troutman... assuming K&S too.