NYC to 200k Forum

[Pulsar]

There have been "spring bonuses" before (eons ago). Many firms matched iirc.

[Anonymous User]

ITT: associates in shitty back water markets praying that they keep getting subsidized by their respective NY offices.

Enjoy NYC, bro

What’s funny is that, for a lot of firms, the NYC office is not the most profitable and generally has lower acceptance stats than average for the firm.

[Anonymous User]

ITT: associates in shitty back water markets praying that they keep getting subsidized by their respective NY offices.

ITT: associates from lesser schools hoping Columbia/Yale graduates continue to subsidize their compensation.

Also, ITT, broke-ass associates that went to Columbia/Yale and live in NYC mad that associates in "back water" markets figured out it made more sense to let the NYC lackeys carry the proverbial load.

[1styearlateral]

Given that STB, Milbank, etc. have all gone to 190 firmwide, it would make a ton of sense for Covington, Hogan, Sidley, Gibson or some other big non-NYC firm with an NYC office to go to 190 everywhere BUT NYC, where they make it 200.

It would cost them less money since most of their associates are not in NYC, they'd still be matching Milbank, but they'd be considered a leader for paying 200. And for real it's ridiculous that NYC doesn't get more.

Some folks really don't seem to understand cost of living/free market economics. NYC costs more to live in because of all the things that NYers rave about - walkability, bodegas open at 3am, waiting for an hour outside shitty clubs unless your good female friend banged the promoter 2 years ago, etc etc. It's entirely up to you to pay the premium that is a higher cost of living in order to experience that lifestyle. Why should the firms comp your shitty decision? There's plenty of people for whom it is absolutely worth it because those things are valuable to them.

On the other hand, people who practice law in Utah don't get any of those amenities, and as a result the cost is lower. If it just so happens that they actually LIKE that lifestyle, then that's great, they win because their tastes don't match with the market and they can take advantage of that. But the day everybody moves to SLC, their rent will go up and they'll be SOL.

The only time firms have to adjust to match CoL is for places like London, where the CoL adjustment is actually acting as hardship pay - it's hard to get people to go abroad for several years without financial inducement.

You're an idiot. NYC is not more expensive to live in because some bodegas decide to be open until 3 AM. It's expensive because everyone wants to live here (supply/demand), and the business world deems NYC as the epicenter. Business thrives here, and law firms by virtue. The point is if these big firms want attract the best associates and keep them close to the office in order to squeeze as many hours as they can out of them, then they should at least pay their associates enough to keep up with rising real estate prices and inflation (this is not even considering staggering student loans).

Sounds like you're butthurt because you live in some third tier city and are bored of doing the same 5 things every weekend. Stop trying to turn this thread into the "best city to live/work" debate. If NYC wasn't what it is, we wouldn't have seen the hike to 180k in 2016; the city is leading this profession's comp.

ETA: A lot of brave anon posting in this thread, especially about snippy comments about markets. Can't even own your own opinions.

[Anonymous User]

ITT: associates in shitty back water markets praying that they keep getting subsidized by their respective NY offices.

Enjoy NYC, bro

Enjoy being the first fat to get trimmed with the recession hits in 6 months bruh

[Anonymous User]

There have been "spring bonuses" before (eons ago). Many firms matched iirc.

Back in 2011-2012. They were paltry, like a few thousand for midlevels. Then fall bonuses went up and no one paid spring bonuses again.

Historically, Quinn Emanuel has occasionally paid summer bonuses (but I think the last time was in 2014), and Cahill paid summer bonuses up until 2016 but I think stopped last year and instead increased their fall bonuses.

[Anonymous User]

ITT: associates in shitty back water markets praying that they keep getting subsidized by their respective NY offices.

ITT: associates from lesser schools hoping Columbia/Yale graduates continue to subsidize their compensation.

Also, ITT, broke-ass associates that went to Columbia/Yale and live in NYC mad that associates in "back water" markets figured out it made more sense to let the NYC lackeys carry the proverbial load.

ITT: NYC assocs mad that they walk down the street drinking a cup of coffee and Wall Street banker drops a dollar in their cup

[Anonymous User]

So is OMM confirmed?

The firm you trashed me for talking about? No not yet. rofl I was wondering why you were so triggered by this earlier post.

Sorry to whoever is annoyed but biglaw is not prestigious. Let's review Loyola 2L's experience

1. Worked for a lawyer who favored torture.
2. Overheard partners fighting over money.
3. Firm tried to threaten him after he wrote the blog. Failed badly.
4. The firm tells associates to lie to vault.
5. The firm threatened a girl raped by Harvey Weinstein.
6. The firm messed up in a child sex abuse matter and works on these disgusting matters. Also works on "It's no secret that O'Melveny works on a certain type of case. The Exxon Valdez oil spill. Enron. Trump University. Drug manufacturers accused of causing terrible injuries or birth defects. Mass torts, toxic torts and catastrophic torts. Healthcare fraud. Sexual assault, sexual harassment and employment discrimination. Workers deprived of overtime pay. Mass foreclosures. Banks defrauding customers, discriminating against customers or nickel-and-diming customers . . . I could go on and on."
7. Judge Reinhardt hated working there.

Biglaw isn't prestige. It's gutter trash. You folks and your $10,000 raise are another example. Don't ever bring up biglaw and prestige again.

http://brian-boyle-omelveny-torture-att ... gspot.com/

I'm literally laughing at my desk.

+1. O'Melveny and Cadwalader fell like a lead weight. I'd go to DLA Piper before those dumps. Get a new firm JohnnieSockran, you poser.

Vault is misguided on Cadwalader it's underrated.

[Cobretti]

ITT: associates in shitty back water markets praying that they keep getting subsidized by their respective NY offices.

ITT: associates from lesser schools hoping Columbia/Yale graduates continue to subsidize their compensation.

Also, ITT, broke-ass associates that went to Columbia/Yale and live in NYC mad that associates in "back water" markets figured out it made more sense to let the NYC lackeys carry the proverbial load.

ITT: NYC assocs mad that they walk down the street drinking a cup of coffee and Wall Street banker drops a dollar in their cup

ITT: Trickle-down economics finally proven true!

[Anonymous User]

I can't decide if TLS posters were always this unbearable/remarkably dumb and I've just grown up, or if it's just that the new generation of TLS posters are unbearable/remarkably dumb.

[Pulsar]

Given that STB, Milbank, etc. have all gone to 190 firmwide, it would make a ton of sense for Covington, Hogan, Sidley, Gibson or some other big non-NYC firm with an NYC office to go to 190 everywhere BUT NYC, where they make it 200.

It would cost them less money since most of their associates are not in NYC, they'd still be matching Milbank, but they'd be considered a leader for paying 200. And for real it's ridiculous that NYC doesn't get more.

Some folks really don't seem to understand cost of living/free market economics. NYC costs more to live in because of all the things that NYers rave about - walkability, bodegas open at 3am, waiting for an hour outside shitty clubs unless your good female friend banged the promoter 2 years ago, etc etc. It's entirely up to you to pay the premium that is a higher cost of living in order to experience that lifestyle. Why should the firms comp your shitty decision? There's plenty of people for whom it is absolutely worth it because those things are valuable to them.

On the other hand, people who practice law in Utah don't get any of those amenities, and as a result the cost is lower. If it just so happens that they actually LIKE that lifestyle, then that's great, they win because their tastes don't match with the market and they can take advantage of that. But the day everybody moves to SLC, their rent will go up and they'll be SOL.

The only time firms have to adjust to match CoL is for places like London, where the CoL adjustment is actually acting as hardship pay - it's hard to get people to go abroad for several years without financial inducement.

You're an idiot. NYC is not more expensive to live in because some bodegas decide to be open until 3 AM. It's expensive because everyone wants to live here (supply/demand), and the business world deems NYC as the epicenter. Business thrives here, and law firms by virtue. The point is if these big firms want attract the best associates and keep them close to the office in order to squeeze as many hours as they can out of them, then they should at least pay their associates enough to keep up with rising real estate prices and inflation (this is not even considering staggering student loans).

Sounds like you're butthurt because you live in some third tier city and are bored of doing the same 5 things every weekend. Stop trying to turn this thread into the "best city to live/work" debate. If NYC wasn't what it is, we wouldn't have seen the hike to 180k in 2016; the city is leading this profession's comp.

ETA: A lot of brave anon posting in this thread, especially about snippy comments about markets. Can't even own your own opinions.

Associates in NYC are as replaceable as associates anywhere else. In fact, probably more so -- corporate work (what the city leans toward) is not exactly heavy on needing a brain, and there are a million law schools feeding people who can do it into the city.

Plus the average decent-firm associate in Cali/Chi/DC/Bos/Tex could all lateral to NYC if they wanted to. They just don't.

[Anonymous User]

I can't decide if TLS posters were always this unbearable/remarkably dumb and I've just grown up, or if it's just that the new generation of TLS posters are unbearable/remarkably dumb.

Law school brain drain in full effect

[Man from Nantucket]

So is OMM confirmed?

The firm you trashed me for talking about? No not yet. rofl I was wondering why you were so triggered by this earlier post.

Sorry to whoever is annoyed but biglaw is not prestigious. Let's review Loyola 2L's experience

1. Worked for a lawyer who favored torture.
2. Overheard partners fighting over money.
3. Firm tried to threaten him after he wrote the blog. Failed badly.
4. The firm tells associates to lie to vault.
5. The firm threatened a girl raped by Harvey Weinstein.
6. The firm messed up in a child sex abuse matter and works on these disgusting matters. Also works on "It's no secret that O'Melveny works on a certain type of case. The Exxon Valdez oil spill. Enron. Trump University. Drug manufacturers accused of causing terrible injuries or birth defects. Mass torts, toxic torts and catastrophic torts. Healthcare fraud. Sexual assault, sexual harassment and employment discrimination. Workers deprived of overtime pay. Mass foreclosures. Banks defrauding customers, discriminating against customers or nickel-and-diming customers . . . I could go on and on."
7. Judge Reinhardt hated working there.

Biglaw isn't prestige. It's gutter trash. You folks and your $10,000 raise are another example. Don't ever bring up biglaw and prestige again.

http://brian-boyle-omelveny-torture-att ... gspot.com/

I'm literally laughing at my desk.

+1. O'Melveny and Cadwalader fell like a lead weight. I'd go to DLA Piper before those dumps. Get a new firm JohnnieSockran, you poser.

Vault is misguided on Cadwalader it's underrated.

Columbia/Yale > Debevoise associates GUFFAWING at Cadwalader and their law center pedigree.

[Anonymous User]

I can't decide if TLS posters were always this unbearable/remarkably dumb and I've just grown up, or if it's just that the new generation of TLS posters are unbearable/remarkably dumb.

Go back to your diligence chart.

[10b5]

Given that STB, Milbank, etc. have all gone to 190 firmwide, it would make a ton of sense for Covington, Hogan, Sidley, Gibson or some other big non-NYC firm with an NYC office to go to 190 everywhere BUT NYC, where they make it 200.

It would cost them less money since most of their associates are not in NYC, they'd still be matching Milbank, but they'd be considered a leader for paying 200. And for real it's ridiculous that NYC doesn't get more.

Some folks really don't seem to understand cost of living/free market economics. NYC costs more to live in because of all the things that NYers rave about - walkability, bodegas open at 3am, waiting for an hour outside shitty clubs unless your good female friend banged the promoter 2 years ago, etc etc. It's entirely up to you to pay the premium that is a higher cost of living in order to experience that lifestyle. Why should the firms comp your shitty decision? There's plenty of people for whom it is absolutely worth it because those things are valuable to them.

On the other hand, people who practice law in Utah don't get any of those amenities, and as a result the cost is lower. If it just so happens that they actually LIKE that lifestyle, then that's great, they win because their tastes don't match with the market and they can take advantage of that. But the day everybody moves to SLC, their rent will go up and they'll be SOL.

The only time firms have to adjust to match CoL is for places like London, where the CoL adjustment is actually acting as hardship pay - it's hard to get people to go abroad for several years without financial inducement.

You're an idiot. NYC is not more expensive to live in because some bodegas decide to be open until 3 AM. It's expensive because everyone wants to live here (supply/demand), and the business world deems NYC as the epicenter. Business thrives here, and law firms by virtue. The point is if these big firms want attract the best associates and keep them close to the office in order to squeeze as many hours as they can out of them, then they should at least pay their associates enough to keep up with rising real estate prices and inflation (this is not even considering staggering student loans).

Sounds like you're butthurt because you live in some third tier city and are bored of doing the same 5 things every weekend. Stop trying to turn this thread into the "best city to live/work" debate. If NYC wasn't what it is, we wouldn't have seen the hike to 180k in 2016; the city is leading this profession's comp.

ETA: A lot of brave anon posting in this thread, especially about snippy comments about markets. Can't even own your own opinions.

I want to be nice but you started with "you're an idiot" so... yah.

So - seriously, are you slow?

"NYC is not more expensive to live in because some bodegas decide to be open until 3 AM. It's expensive because everyone wants to live here (supply/demand),"

Yes, thank you, you echoing moron, that's literally exactly what I just said. Why does everybody want to live there? Well, I was teasing a little bit - although clearly that went over your thickskulled head, but bodegas being open at 3am is a jokey example of the things that make everybody want to live there. NY is an arbitrary location without it's innate NY-ness.

You literally said supply/demand in your post. Yay! You seem to have a grasp of a free market! Congratulations, are you a JD/MBA??!?! If law firms felt they could get the same distribution of excellent attorneys in all their offices while normalizing for real estate conditions, they would do so. But, we don't live in a socialist economy, so it works like everything else in the US. People vote with their dollars/feet.

I'll say again - NY is amazing. I was very happy there, until my life needs changed and I didn't want to pay for what it was, and I left.

[Dorchester]

Given that STB, Milbank, etc. have all gone to 190 firmwide, it would make a ton of sense for Covington, Hogan, Sidley, Gibson or some other big non-NYC firm with an NYC office to go to 190 everywhere BUT NYC, where they make it 200.

It would cost them less money since most of their associates are not in NYC, they'd still be matching Milbank, but they'd be considered a leader for paying 200. And for real it's ridiculous that NYC doesn't get more.

Some folks really don't seem to understand cost of living/free market economics. NYC costs more to live in because of all the things that NYers rave about - walkability, bodegas open at 3am, waiting for an hour outside shitty clubs unless your good female friend banged the promoter 2 years ago, etc etc. It's entirely up to you to pay the premium that is a higher cost of living in order to experience that lifestyle. Why should the firms comp your shitty decision? There's plenty of people for whom it is absolutely worth it because those things are valuable to them.

On the other hand, people who practice law in Utah don't get any of those amenities, and as a result the cost is lower. If it just so happens that they actually LIKE that lifestyle, then that's great, they win because their tastes don't match with the market and they can take advantage of that. But the day everybody moves to SLC, their rent will go up and they'll be SOL.

The only time firms have to adjust to match CoL is for places like London, where the CoL adjustment is actually acting as hardship pay - it's hard to get people to go abroad for several years without financial inducement.

You're an idiot. NYC is not more expensive to live in because some bodegas decide to be open until 3 AM. It's expensive because everyone wants to live here (supply/demand), and the business world deems NYC as the epicenter. Business thrives here, and law firms by virtue. The point is if these big firms want attract the best associates and keep them close to the office in order to squeeze as many hours as they can out of them, then they should at least pay their associates enough to keep up with rising real estate prices and inflation (this is not even considering staggering student loans).

Sounds like you're butthurt because you live in some third tier city and are bored of doing the same 5 things every weekend. Stop trying to turn this thread into the "best city to live/work" debate. If NYC wasn't what it is, we wouldn't have seen the hike to 180k in 2016; the city is leading this profession's comp.

ETA: A lot of brave anon posting in this thread, especially about snippy comments about markets. Can't even own your own opinions.

I want to be nice but you started with "you're an idiot" so... yah.

So - seriously, are you slow?

"NYC is not more expensive to live in because some bodegas decide to be open until 3 AM. It's expensive because everyone wants to live here (supply/demand),"

Yes, thank you, you echoing moron, that's literally exactly what I just said. Why does everybody want to live there? Well, I was teasing a little bit - although clearly that went over your thickskulled head, but bodegas being open at 3am is a jokey example of the things that make everybody want to live there. NY is an arbitrary location without it's innate NY-ness.

You literally said supply/demand in your post. Yay! You seem to have a grasp of a free market! Congratulations, are you a JD/MBA??!?! If law firms felt they could get the same distribution of excellent attorneys in all their offices while normalizing for real estate conditions, they would do so. But, we don't live in a socialist economy, so it works like everything else in the US. People vote with their dollars/feet.

I'll say again - NY is amazing. I was very happy there, until my life needs changed and I didn't want to pay for what it was, and I left.

Saw you accidentally typed their instead of there in the last line then changed it. Classic non-NYC lawyer mistake that's why you don't deserve the big bucks

[minnbills]

Saw you accidentally typed their instead of there in the last line then changed it. Classic non-NYC lawyer mistake that's why you don't deserve the big bucks

LOL I saw that too. Long live NYC

[Pulsar]

What if he's actually a partner and it dosnt mattr wht h spls like bc asscitas fix everythng

[smokeylarue]

I fully support NYC to 215k. Because that means California to 215k too

[malibustacy]

Reading about overpaid office workers that make 99 percentile of American income discussing the fucking merits of their shitty cities is getting real fucking tiring for the 95% of us in this thread who just want news about the raises. Just shut the fuck up. No one fucking cares about market differences. It's like being dead or being a virgin; it either applies to you, or it doesn't. Either way, it has no material effect on your life other than to jerk yourself off online unless you're literally looking to lateral.

[minnbills]

Reading about overpaid office workers that make 99 percentile of American income discussing the fucking merits of their shitty cities is getting real fucking tiring for the 95% of us in this thread who just want news about the raises. Just shut the fuck up. No one fucking cares about market differences. It's like being dead or being a virgin; it either applies to you, or it doesn't. Either way, it has no material effect on your life other than to jerk yourself off online unless you're literally looking to lateral.

There's going to be a riot if one of the firms doesn't move soon

[Anonymous User]

I fully support NYC to 215k. Because that means California to 215k too

Same, because that means Texa$ to 215k too

[Anonymous User]

Reading about overpaid office workers that make 99 percentile of American income discussing the fucking merits of their shitty cities is getting real fucking tiring for the 95% of us in this thread who just want news about the raises. Just shut the fuck up. No one fucking cares about market differences. It's like being dead or being a virgin; it either applies to you, or it doesn't. Either way, it has no material effect on your life other than to jerk yourself off online unless you're literally looking to lateral.

What if i just got the tip in before slipping into a persistent vegetative state?

[Anonymous User]

Reading about overpaid office workers that make 99 percentile of American income discussing the fucking merits of their shitty cities is getting real fucking tiring for the 95% of us in this thread who just want news about the raises. Just shut the fuck up. No one fucking cares about market differences. It's like being dead or being a virgin; it either applies to you, or it doesn't. Either way, it has no material effect on your life other than to jerk yourself off online unless you're literally looking to lateral.

This. Please stop guys. You are acting like idiots and none of the old posters are here to stop you.

[Man from Nantucket]

Reading about overpaid office workers that make 99 percentile of American income discussing the fucking merits of their shitty cities is getting real fucking tiring for the 95% of us in this thread who just want news about the raises. Just shut the fuck up. No one fucking cares about market differences. It's like being dead or being a virgin; it either applies to you, or it doesn't. Either way, it has no material effect on your life other than to jerk yourself off online unless you're literally looking to lateral.

What if i just got the tip in before slipping into a persistent vegetative state?

I, too, would like a more fulsome explanation of this wonderful analogy.