NYC to 200k Forum

[Anonymous User]

Notice how previous anon did not mention Skadden in the list of firms (even though V5). Maybe because Skadden NYC corporate is not equivalent to WLRK/Cravath/DPW/S&C/STB, and Skadden only gets voted in Vault due to name recognition?

Not sure, but I'll let you all duke it out.

Vault is flame generally, but Chambers rankings or the league tables will tell you the same thing.

[Anonymous User]

Notice how previous anon did not mention Skadden in the list of firms (even though V5). Maybe because Skadden NYC corporate is not equivalent to WLRK/Cravath/DPW/S&C/STB, and Skadden only gets voted in Vault due to name recognition?

Not sure, but I'll let you all duke it out.

Vault is flame generally, but Chambers rankings or the league tables will tell you the same thing.

https://www.chambersandpartners.com/cha ... wards-2018

Corporate/M&A
Winner: Skadden, Arps, Slate, Meagher & Flom LLP

Corporate/M&A Client Service Award (???)
Winner: Cravath, Swaine & Moore LLP

[Anonymous User]

meanwhile, my firm had cod for lunch today.

was a co-sponsored event with DPW apparently.

[Anonymous User]

meanwhile, my firm had cod for lunch today.

was a co-sponsored event with DPW apparently.

did they have some temp write down how much cod you ate on a clipboard and enter it into a database?

[Anonymous User]

No one is equivalent to WLRK til they pay the WLRK bonus.

No one is better than Milbank until they beat the Milbank scale

[Anonymous User]

Notice how previous anon did not mention Skadden in the list of firms (even though V5). Maybe because Skadden NYC corporate is not equivalent to WLRK/Cravath/DPW/S&C/STB, and Skadden only gets voted in Vault due to name recognition?

Not sure, but I'll let you all duke it out.

Vault is flame generally, but Chambers rankings or the league tables will tell you the same thing.

Skadden is Band 1 for NY Corporate. It was #1 in M&A in 2015 and 2017.

???

[Anonymous User]

i think he was saying chambers will tell you the same thing as vault, not agreeing with the prior comment. kinda confusing.

[Clearly]

i think he was saying chambers will tell you the same thing as vault, not agreeing with the prior comment. kinda confusing.

Where are you Cravath. What are you planning with all this time

[oblig.lawl.ref]

Notice how previous anon did not mention Skadden in the list of firms (even though V5). Maybe because Skadden NYC corporate is not equivalent to WLRK/Cravath/DPW/S&C/STB, and Skadden only gets voted in Vault due to name recognition?

Not sure, but I'll let you all duke it out.

Vault is flame generally, but Chambers rankings or the league tables will tell you the same thing.

https://www.chambersandpartners.com/cha ... wards-2018

Corporate/M&A
Winner: Skadden, Arps, Slate, Meagher & Flom LLP

Corporate/M&A Client Service Award (???)
Winner: Cravath, Swaine & Moore LLP

Unlike other anons on this thread, I personally love a good off-topic prestige fight. Skadden is pretty elite in certain areas, particularly M&A. Tax too maybe? That being said, their median attorney is from Cornell so they definitely take some hits there. No dogs in this fight.

[Anonymous User]

Seriously, why is it taking so long for more matches?

Is this objectively a good thing (potentially NY to $200k+), or is that just our wishful thinking, and it's possible that many firms don't intend to match right away?

[minnbills]

Seriously, why is it taking so long for more matches?

Is this objectively a good thing (potentially NY to $200k+), or is that just our wishful thinking, and it's possible that many firms don't intend to match right away?

wrt to the top firms, I'd say they are waiting to see if anyone beats Milbank. For everyone else, probably deciding if they really want to bump again.

[Man from Nantucket]

Notice how previous anon did not mention Skadden in the list of firms (even though V5). Maybe because Skadden NYC corporate is not equivalent to WLRK/Cravath/DPW/S&C/STB, and Skadden only gets voted in Vault due to name recognition?

Not sure, but I'll let you all duke it out.

Vault is flame generally, but Chambers rankings or the league tables will tell you the same thing.

https://www.chambersandpartners.com/cha ... wards-2018

Corporate/M&A
Winner: Skadden, Arps, Slate, Meagher & Flom LLP

Corporate/M&A Client Service Award (???)
Winner: Cravath, Swaine & Moore LLP

Unlike other anons on this thread, I personally love a good off-topic prestige fight. Skadden is pretty elite in certain areas, particularly M&A. Tax too maybe? That being said, their median attorney is from Cornell so they definitely take some hits there. No dogs in this fight.

Skadden corp may be pretty good, but their scrappy Cornell fighters are no match for Debevoise’s ARMY of Columbia/Yale law machines.

[Anonymous User]

If your firm doesn't match, but you had the opportunity to move to a firm that does match, would you take it? Assuming you otherwise like your current firm.

[Anonymous User]

Where does one find this median law school per law firm scholarship?

[minnbills]

If your firm doesn't match, but you had the opportunity to move to a firm that does match, would you take it? Assuming you otherwise like your current firm.

Oh for sure

[Anonymous User]

If your firm doesn't match, but you had the opportunity to move to a firm that does match, would you take it? Assuming you otherwise like your current firm.

Midlevel here. I've lateraled before. I wouldn't move even if my firm didn't match. I've moved already, it was a difficult adjustment process, and after year 3+ the raise isn't so large a fraction of your income to make it worth it to me. Also, as you get more senior you have to start thinking seriously about the road ahead etc.

[Anonymous User]

If your firm doesn't match, but you had the opportunity to move to a firm that does match, would you take it? Assuming you otherwise like your current firm.

Unless they have a $25 seamless cap, absolutely. I'll even answer recruiting calls, maybe.

I think the same is true for bonus too because they'll probably stiff me next year if summer bonus is a reoccurring thing

[Anonymous User]

If your firm doesn't match, but you had the opportunity to move to a firm that does match, would you take it? Assuming you otherwise like your current firm.

not if current firm takes attendance on a clipboard

[Anonymous User]

Seriously, why is it taking so long for more matches?

Is this objectively a good thing (potentially NY to $200k+), or is that just our wishful thinking, and it's possible that many firms don't intend to match right away?

wrt to the top firms, I'd say they are waiting to see if anyone beats Milbank. For everyone else, probably deciding if they really want to bump again.

What do you consider a top firm? Seems like most the firms who've matched so far aren't really top. I'd imagine most v50+ firms would have to match just because their peers are doing so.

[Anonymous User]

Same DPW anon "defending" the 411 system:

Not to sound overly pretentious (I probably do), but the "working from home" thing when you want isn't an option at a V5 NYC corporate shop. Everyone is in the office, unless you have a real reason not to be. Not saying that's how it should be, it's just how it is. Very different for firms who don't staff all their matters in the same office (K&E, Latham, non-traditional NYC corporate shops).

Cravath, S&C, WLRK, STB - prove me wrong.

Skadden NY corporate midlevel here. A lot of folks on my floor work from home on Fridays. People definitely work from home if they're slow or have a doctor's appointment or something, at least in my group. None of the partners I work for care -- they do the same thing themselves.

I've had my own external office ever since I started, and while a handful of juniors share when they first start, I think that's still the norm.

Someone had asked about tech stipends -- every 3 years we get $1500 for a laptop and $375 for a printer/scanner. Firm also covers your iPhone/Android and your data plan.

As far as comp, I can't imagine Skadden will do anything but wait it out. Partners probably learned their lesson after no one followed the Skadden bonus scale in 2008.

STB is only V6 anyway so kinda apples to oranges comparison

[Anonymous User]

I don't think we'll see serious action until Monday. My understanding is Cravath partners meet on Mondays and probably will make an announcement after that. The other top firms are obviously going to wait until Cravath announces, so I don't expect to see a ton of matches today or tomorrow.

[Anonymous User]

Where does one find this median law school per law firm scholarship?

atl has top 10 law schools by headcount per firm. cornell thing just a joke im assuming

https://abovethelaw.com/law-firms/skadd ... gher-flom/

[cdotson2]

So I looked at the above the law articles for the 2016 raise to 180 and comparing them to this year: the raise to 180 also happened on a Monday and by Thursday 32 firms had matched; this year so far we only have 7. Any reason for the difference?

[Anonymous User]

If your firm doesn't match, but you had the opportunity to move to a firm that does match, would you take it? Assuming you otherwise like your current firm.

Unless they have a $25 seamless cap, absolutely. I'll even answer recruiting calls, maybe.

Same. Especially early on as a junior associate. Why stick around and work my ass off for a stingy V5 that presents a glamorous facade to the outside but is cheap to its own employees, when you can do pretty much identical work/hours with a more generous firm just a little further down the ladder on some esoteric ranking? The day-to-day stuff makes a difference. Biggest loser in this thread is not the not-STB-bonus matching V10s-V30s; it's DPW.

[Anonymous User]

If your firm doesn't match, but you had the opportunity to move to a firm that does match, would you take it? Assuming you otherwise like your current firm.

Unless they have a $25 seamless cap, absolutely. I'll even answer recruiting calls, maybe.

Same. Especially early on as a junior associate. Why stick around and work my ass off for a stingy V5 that presents a glamorous facade to the outside but is cheap to its own employees, when you can do pretty much identical work/hours with a more generous firm just a little further down the ladder on some esoteric ranking? The day-to-day stuff makes a difference. Biggest loser in this thread is not the not-STB-bonus matching V10s-V30s; it's DPW.

to be fair, we've really only heard from skadden and dpw.