NYC to 200k Forum

[Clearly]

It's definitely that the new generation is insufferable. There used to be good schtick to fill the void between match announcements. Now it's just butthurt anons and self-satisfied trolls that aren't remotely funny. What happened to this bort?

I've been on this site a long time and I don't think it's any worse. People love to fight about money, especially lawyers, who are competitive and insecure by nature. The only real difference is that under old management the anonymous posting would not have been tolerated.

That said, this is all pretty entertaining. It's the people who take it all too seriously who need to take a breather.

This is the right take. If you think a post in a thread is not interesting, ignore/scroll over it -- not that hard. Don't try to police the content for others who want to engage in the side-stories, or bemoan the collapse of civilization. It's just a public place to talk to each other, FFS.

Also, I'm much happier with the new TLS where everyone is free to say what they want, even if they're obnoxious, rude, immature, or whatever. That's what makes an online board even semi-interesting. In any case, it's much better than the precious, self-congratulatory circle-jerk over on the new site who tone-police every post and ban anyone who doesn't toe the ideological party line or challenges their Overton window. I occasionally checked that site when it first started, it's pretty much a boring echo chamber of the same tired old posters, I'm guessing needy 3Ls or local gov lawyers who need a place where they can feel important. This? This is at least refreshing.

This may not be the case anymore...the number of posts on this thread on shrinking by the minute, so I assume mods are cleaning it up from back at the start or something. Who knows...

Wow for serious, I'm refreshing and watching it drop. We're getting scrubbed. Damn the new TLS sucks.

[Anonymous User]

Near the end of day 3, the silence really is deafening. Comparing 2016 to 2018 salary bumps...

2016
Day 1: 1 firm matches
Day 2: 5 firms match
Day 3: 14 firms match

2018
Day 1: 1 firm matches
Day 2: 2 firms match
Day 3: 2 firms match

Compare https://abovethelaw.com/2016/06/salary- ... ed-raises/ with https://abovethelaw.com/2018/06/salary- ... 2018/?rf=1

Not trying to draw inferences or offer an explanation, just confirming it doesn't just "feel" slow--it is slow.

Delaying for firms that are eventually going to match or beat the Milbank scale is a bad look. Profits per partner at these firms go up 10% a year. Meanwhile associate salaries are down $40,000 in inflation-adjusted dollars from where they were eleven years ago. There's no good reason to drag out this long overdue raise. And associates and law students remember these delays (and the 2008 Lathamings, etc) when considering where to bid for OCI or to lateral.

[minnbills]

Wow for serious, I'm refreshing and watching it drop. We're getting scrubbed. Damn the new TLS sucks.

Seems like a mistake to me given the sheer number of views on this thread. For better or worse, it's bringing the boys to the yard.

[Anonymous User]

ATL writers must be bored.

https://abovethelaw.com/2018/06/of-cour ... -salaries/

[Anonymous User]

I am very surprised Cravath hasn't announced anything yet. What does it say about the #1 firm in the country, that it's been 2 days since the first raise, and they've been completely silent?

[minnbills]

The fact that there has been so little movement to me is compelling evidence that 200+ is probable. The fear or being leapfrogged must be very real, or else everyone would be piling on to 190.

[Anonymous User]

I am very surprised Cravath hasn't announced anything yet. What does it say about the #1 firm in the country, that it's been 2 days since the first raise, and they've been completely silent?

It says NY to 250

[Helmholtz]

ATL writers must be bored.

https://abovethelaw.com/2018/06/of-cour ... -salaries/

ATL writers know what gets views.

[Anonymous User]

I am very surprised Cravath hasn't announced anything yet. What does it say about the #1 firm in the country, that it's been 2 days since the first raise, and they've been completely silent?

Cravath’s revenues and profits are down ~5% YoY and they’ve lost a number of up and coming stars and rainmakers recently. It’s pretty unlikely CSM leads the way on this.

[KM2016]

I am very surprised Cravath hasn't announced anything yet. What does it say about the #1 firm in the country, that it's been 2 days since the first raise, and they've been completely silent?

Cravath’s revenues and profits are down ~5% YoY and they’ve lost a number of up and coming stars and rainmakers recently. It’s pretty unlikely CSM leads the way on this.

All the more reason they send a signal and reassert their prestige by taking NY to $200k+

[Clearly]

It'll be them or KE. I know KE is the odd man out, but I've got a hunch they want to sit at the comp leader table

[Anonymous User]

It'll be them or KE. I know KE is the odd man out, but I've got a hunch they want to sit at the comp leader table

Will definitely not be DPW. Just praying for S&C to lead us back into the light

[Anonymous User]

It'll be them or KE. I know KE is the odd man out, but I've got a hunch they want to sit at the comp leader table

K&E is more concerned about paying big bucks to lateral rainmakers than paying big bucks to associates. I think DPW, SullCrom, or, heck, even Weil are more likely to bump to $200K than K&E or Cravath.

[Anonymous User]

Weil just shortened partner track to stave off any sort of raise. They won't be comp leaders, they'll just follow.

[Anonymous User]

It'll be them or KE. I know KE is the odd man out, but I've got a hunch they want to sit at the comp leader table

K&E is more concerned about paying big bucks to lateral rainmakers than paying big bucks to associates. I think DPW, SullCrom, or, heck, even Weil are more likely to bump to $200K than K&E or Cravath.

I think Weil or Paul Weiss are more likely than V5. Can’t speak to experience at S&C but they’ve run out of ways to cut costs over here at DPW re perks and staff. Zero chance we pay more than we have to

[Anonymous User]

Whatever the cause of the delay is, firms will need to sort this out within a few weeks, when OCI bid lists are due at law schools.

[Anonymous User]

what about skadden?

[Anonymous User]

Skadden is cash poor.

[Anonymous User]

what about skadden?

the fact that we didn't move today, which was when the partners met, tells me we are only interested in following

[Anonymous User]

Weil is also going to follow, that's all but confirmed. Sull crom is our only hope

[Anonymous User]

Weil is also going to follow, that's all but confirmed. Sull crom is our only hope

PW has an affirmative policy to only follow, to whoever suggested otherwise.

[terpie]

The more I think about it, the more I think all of the firms that are slow playing this process compared to last time have no intention of increasing the STB package, but plan to just wait it out for the mover firms to finish and then just match. I'd say if there is no movement by the end of tomorrow, that the STB package is the end result.

[Anonymous User]

Skadden is cash poor.

What does that mean?

[FormerChild]

Skadden is cash poor.

What does that mean?

It means their cash poor

[JoeySkoko]

It means their cash poor

Tsk Tsk. Another Texan.