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

[Byakuya769]

Best part is that I was not referring to that dinner, because I was not at it and have not heard about it.

Boom! Take that, Anon.

Nothing stops this train!

[2014]

Idk if Ropes is a big enough player to spark a match fest in NY. Might just be another Cahill or Boies. We need a firm with more PRESTIGE to step up. Looking at you Paul, Weiss.

[7 hours of freshness]

My main reason for wanting NY to announce a pay increase is so that the endless speculation and reading into comments made by anyone at all working at big law firms can end. (Head janitor at PW says NY to 190k. It's happening guys!)

[rpupkin]

My main reason for wanting NY to announce a pay increase is so that the endless speculation and reading into comments made by anyone at all working at big law firms can end. (Head janitor at PW says NY to 190k. It's happening guys!)

Mods: Please ban this poster from this thread. TYIA.

[BigZuck]

My main reason for wanting NY to announce a pay increase is so that the endless speculation and reading into comments made by anyone at all working at big law firms can end. (Head janitor at PW says NY to 190k. It's happening guys!)

I'm hearing rumblings that this thread doesn't like your opinion

[Anonymous User]

My friend is an 8th year at S&C and he said he's seen a lot of hush-hush compensation committee meetings, and a lot of the partners seem more pissed than usual.

Another friend is a 4th year at CSM and overheard a partner on the phone saying something like "I can't afford another BMW, you little asshole, we have to increase--" (at that point the partner slammed his office door.)

Pretty sure it's happening.

[First Offense]

My friend is an 8th year at S&C and he said he's seen a lot of hush-hush compensation committee meetings, and a lot of the partners seem more pissed than usual.

Another friend is a 4th year at CSM and overheard a partner on the phone saying something like "I can't afford another BMW, you little asshole, we have to increase--" (at that point the partner slammed his office door.)

Pretty sure it's happening.

All I need to know. NYC to 190k confirmed.

[TLSModBot]

Another friend is a 4th year at CSM and overheard a partner on the phone saying something like "I can't afford another BMW, you little asshole, we have to increase--" (at that point the partner slammed his office door.)

[Anonymous User]

One of my friends is actually factoring all the Ropes rumors into his decision. It's ridiculous, if they were really going to raise comp, wouldn't they just offer a one-time spring bonus or maybe an adjustment to the bonus scale? Do any Ropes people have the inside scoop?

[rpupkin]

One of my friends is actually factoring all the Ropes rumors into his decision. It's ridiculous, if they were really going to raise comp, wouldn't they just offer a one-time spring bonus or maybe an adjustment to the bonus scale? Do any Ropes people have the inside scoop?

I heard a rumor—I can't remember where—that Ropes has been extremely busy at a time when corporate work has slowed down at a lot of its peer firms. In other words, Ropes is DOMINATING right now. In fact, I suggest that we cease all mention of Ropes in this thread. We want to focus on market-leading firms that set trends, not uber-elite firms (like Ropes and Gray) that are in a class by themselves.

[UnicornHunter]

True story: I was talking to a friend in an unrelated industry last night and he said it was impossible to live comfortably in Manhattan if you didn't make 240k/year.


NYC TO 190!!!

[FluffMonster]

http://nypost.com/2015/09/20/average-ny ... 9k-a-year/

NY2$109

[Byakuya769]

A bunch of new hires have started at firms all over but crickets here???

NYC TO 190?
https://youtu.be/Orv7XHz7Hi4

[smaug]

obviously this wouldn't happen until January.

COME ON!

[Chrstgtr]

obviously this wouldn't happen until January.

COME ON!

Why would this happen in January? Wouldn't firms want to do this during recruiting since the whole reason firms would raise salaries would be to get better talent.

[smaug]

obviously this wouldn't happen until January.

COME ON!

Why would this happen in January? Wouldn't firms want to do this during recruiting since the whole reason firms would raise salaries would be to get better talent.

LEARN SOME HISTORY, CHUMP.

Besides if it moves, everyone moves. This is about ATTRITION not ~recruiting~. Thus, it'll get announced as people move class years, not when 1Ls are choosing summer jobs or stub years start work.

COME ON!

[2014]

No one leaves firms in the fall when you have to be employed come bonus time. After those FAT bonus checks are cut in December is when everyone starts to get ripe for attrition. This is why the NY to 190 talks are happening behind closed doors NOW but will not be announced until LATER.

[smaug]

No one leaves firms in the fall when you have to be employed come bonus time. After those FAT bonus checks are cut in December is when everyone starts to get ripe for attrition. This is why the NY to 190 talks are happening behind closed doors NOW but will not be announced until LATER.

2014 gets it. EVERYONE ELSE GET ON 2014'S LEVEL, PLEASE.

[Cobretti]

obviously this wouldn't happen until January.

COME ON!

Why would this happen in January? Wouldn't firms want to do this during recruiting since the whole reason firms would raise salaries would be to get better talent.

LEARN SOME HISTORY, CHUMP.

Besides if it moves, everyone moves. This is about ATTRITION not ~recruiting~. Thus, it'll get announced as people move class years, not when 1Ls are choosing summer jobs or stub years start work.

COME ON!

just for clarity... smaug is referring to the fact that the last 2 salary increases were announced in January.

[star fox]

No one leaves firms in the fall when you have to be employed come bonus time. After those FAT bonus checks are cut in December is when everyone starts to get ripe for attrition. This is why the NY to 190 talks are happening behind closed doors NOW but will not be announced until LATER.

2014 gets it. EVERYONE ELSE GET ON 2014'S LEVEL, PLEASE.

2016 state of mind.

[lonerider]

obviously this wouldn't happen until January.

COME ON!

Why would this happen in January? Wouldn't firms want to do this during recruiting since the whole reason firms would raise salaries would be to get better talent.

LEARN SOME HISTORY, CHUMP.

Besides if it moves, everyone moves. This is about ATTRITION not ~recruiting~. Thus, it'll get announced as people move class years, not when 1Ls are choosing summer jobs or stub years start work.

COME ON!

just for clarity... smaug is referring to the fact that the last 2 salary increases were announced in January.

Last year Simpson announced in late November, Davis Polk raised just a few days after that.

[Desert Fox]

[First Offense]

Last year Simpson announced in late November, Davis Polk raised just a few days after that.

Salary increase, not bonus.

[thesealocust]

We have a champion:

SBA 1L representative elections are about to start at my school. One of these darling 1Ls is campaigning on a platform that includes, among other things, raising first-year lawyer salaries above $160k. Between her chutzpah and her total lack of understanding of how SBA, I find this adorable.

[Tiago Splitter]

Kind of a cheap campaign promise if you ask me. Raises by second semester are already in the bag.