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

[runthetrap1990]

Fourth-ed because curiosity and hopeless optimism

[BizBro]

Photo or gtfo x2

[Byakuya769]

Someone's doctoring up a fake letter as we speak.

If letters were out for an NYC office, ABL would have gotten a copy.

[chalky]

Post removed...

[L’Étranger]

For once this actually seems like not flame.

Many firms did not match NY bonuses this year.

Select NY firms will thus be incentivized to raise salaries, because they will have the expectation that the market will not follow just like the market did not follow in terms of bonuses.

These select higher paying firms will then create real tiers among firms (i.e. not just bullshit prestige tiers) where the elite firms pay their associates more.

It's a real opportunity for market separation.

I feel like I'm on the more optimistic (naive?) side of the NYC to 190 movement. That said, I don't necessarily get where the incentive would come from to do this. What do the elite firms get from it?

What I'm saying is that the higher pay would objectively make them elite, thus distinguishing them in the market.

When Simpson Thatcher went to 160 the entire market matched so it created no distinction among firms and left no reason for salaries to increase since that move.

Now there is an opportunity for very profitable firms to position themselves as elite by raising pay, because it is likely that the entire market will not follow this time.

[Desert Fox]

[BigZuck]

But they aren't really competing for talent with K&L Gates and Baker Daniels. In fact the elite firms aren't suffering from lack of zero year talent at all. Just look at TLS. People will throw a fit for suggesting someone take Fried Frank over Cleary despite paying the exact same.

The raise that already began is to keep the associates they already forged from the fires of prestige and success.

Of course people on www.topLAWschools.com are going to tell someone to work at a law firm over a hot dog stand.

Like, duh

[star fox]

But they aren't really competing for talent with K&L Gates and Baker Daniels. In fact the elite firms aren't suffering from lack of zero year talent at all. Just look at TLS. People will throw a fit for suggesting someone take Fried Frank over Cleary despite paying the exact same.

The raise that already began is to keep the associates they already forged from the fires of prestige and success.

That's because TLS is a bunch of prestige-obsessed dolts.

... then again, so are law students generally so maybe you have a point

[Desert Fox]

[Lacepiece23]

But they aren't really competing for talent with K&L Gates and Baker Daniels. In fact the elite firms aren't suffering from lack of zero year talent at all. Just look at TLS. People will throw a fit for suggesting someone take Fried Frank over Cleary despite paying the exact same.

The raise that already began is to keep the associates they already forged from the fires of prestige and success.

That's because TLS is a bunch of prestige-obsessed dolts.

... then again, so are law students generally so maybe you have a point

I think I'm the only person I know--TLS or otherwise--who turned down the most preßtigious firm I got.

I did too bro.

[star fox]

But they aren't really competing for talent with K&L Gates and Baker Daniels. In fact the elite firms aren't suffering from lack of zero year talent at all. Just look at TLS. People will throw a fit for suggesting someone take Fried Frank over Cleary despite paying the exact same.

The raise that already began is to keep the associates they already forged from the fires of prestige and success.

That's because TLS is a bunch of prestige-obsessed dolts.

... then again, so are law students generally so maybe you have a point

I think I'm the only person I know--TLS or otherwise--who turned down the most preßtigious firm I got.

I did too bro.

Can't believe you guys screwed yourselves over at second job oci like that.

[jbagelboy]

But they aren't really competing for talent with K&L Gates and Baker Daniels. In fact the elite firms aren't suffering from lack of zero year talent at all. Just look at TLS. People will throw a fit for suggesting someone take Fried Frank over Cleary despite paying the exact same.

The raise that already began is to keep the associates they already forged from the fires of prestige and success.

That's because TLS is a bunch of prestige-obsessed dolts.

... then again, so are law students generally so maybe you have a point

I think I'm the only person I know--TLS or otherwise--who turned down the most preßtigious firm I got.

(Not that this matters, but...) If by prestigious you mean vault, than I myself -- and many others I could name on TLS and many of my friends -- turned down the most "prestigious" big firm offer they received for another firm.

[Desert Fox]

[L’Étranger]

But they aren't really competing for talent with K&L Gates and Baker Daniels. In fact the elite firms aren't suffering from lack of zero year talent at all. Just look at TLS. People will throw a fit for suggesting someone take Fried Frank over Cleary despite paying the exact same.

The raise that already began is to keep the associates they already forged from the fires of prestige and success.

That's because TLS is a bunch of prestige-obsessed dolts.

... then again, so are law students generally so maybe you have a point

I think I'm the only person I know--TLS or otherwise--who turned down the most preßtigious firm I got.

(Not that this matters, but...) If by prestigious you mean vault, than I myself -- and many others I could name on TLS and many of my friends -- turned down the most "prestigious" big firm offer they received for another firm.

Nah not strictly vault. During down V12 for V15 is often going to the more prestigious group.

TLS = super warped viewpoint regarding what prestige actually means. It's not actually real.

If pay bump happens, a tiered big law market is achievable and will be newsworthy. Likely a lot of really good publicity for the firms that bump salaries.

[smaug]

God this thread owns

[SweetrollStealer]

Quitting my biglaw jerb this week so maybe that marginal increase in attrition is enough to get the NYC to 190K bus rollin'. You're welcome

[Johann]

Quitting my biglaw jerb this week so maybe that marginal increase in attrition is enough to get the NYC to 190K bus rollin'. You're welcome

lucky SOB. where to next?

[star fox]

But they aren't really competing for talent with K&L Gates and Baker Daniels. In fact the elite firms aren't suffering from lack of zero year talent at all. Just look at TLS. People will throw a fit for suggesting someone take Fried Frank over Cleary despite paying the exact same.

The raise that already began is to keep the associates they already forged from the fires of prestige and success.

That's because TLS is a bunch of prestige-obsessed dolts.

... then again, so are law students generally so maybe you have a point

I think I'm the only person I know--TLS or otherwise--who turned down the most preßtigious firm I got.

(Not that this matters, but...) If by prestigious you mean vault, than I myself -- and many others I could name on TLS and many of my friends -- turned down the most "prestigious" big firm offer they received for another firm.

I don't think exchanging one prestige indicator for another (better?) one is what one had in mind.

[anonnymouse]

Quitting my biglaw jerb this week so maybe that marginal increase in attrition is enough to get the NYC to 190K bus rollin'. You're welcome

You're doing god's work, son.

[Desert Fox]

[Desert Fox]

[El Pollito]

Yea I'm talking about taking the clearly less prestigious, if not unpresigious, firm over the other because I thought it was be a better fit.

it wasn't bc of wifey?

[SweetrollStealer]

Quitting my biglaw jerb this week so maybe that marginal increase in attrition is enough to get the NYC to 190K bus rollin'. You're welcome

Be the hero we need. Tell them that you are leaving because the pay isn't enough.

This is pretty much how my exit interview went down

Partner: what can we do to get you to stay?

Me: 19% pay raise?

Partner: well ACTUALLY...

Me: jk, lol. Appreciate the offer tho. Thanks.

[SweetrollStealer]

Quitting my biglaw jerb this week so maybe that marginal increase in attrition is enough to get the NYC to 190K bus rollin'. You're welcome

lucky SOB. where to next?

moar litigation but better QOL and better work

[rpupkin]

Quitting my biglaw jerb this week so maybe that marginal increase in attrition is enough to get the NYC to 190K bus rollin'. You're welcome

lucky SOB. where to next?

moar litigation but better QOL and better work

Sounds like flame. Sorry bro.