NYC to 200k Forum

[Anonymous User]

ITT:

Shut up Brett

[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

STB raised its tech stipend to $2k every 3 years last month. Can be used on approved items, including monitors, keyboards, mice, processors, graphics cards, home printers, home VOIP office phone, basically any apple product except HomePod, smart watches, tablets, laptops, etc. For anyone that had already used the old $500 stipend per three years before this raise, you got reset to $2k (though if you didn’t use the original $500 you just get the $2k now).

[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

STB raised its tech stipend to $2k every 3 years last month. Can be used on approved items, including monitors, keyboards, mice, processors, graphics cards, home printers, home VOIP office phone, basically any apple product except HomePod, smart watches, tablets, laptops, etc. For anyone that had already used the old $500 stipend per three years before this raise, you got reset to $2k (though if you didn’t use the original $500 you just get the $2k now).

DPW thought about doing this but instead asked why people were at home and bought an attendance tracker.

[PMan99]

I have my doubts whether Cravath will raise to 200.

- Second, CSM partners are extremely stingy. Their greed revealed itself most recently with the departure of some top-class people such as Eric Schiele, Sandra Goldstein or Scott Barshay. CSM could easily have made concessions to the rainmakers by giving them a bigger piece of the cake, but they refused to.

To be fair, I’m not sure I’d call Cravath the greedy ones in this scenario.

[Anonymous User]

DPW thought about doing this but instead asked why people were at home and bought an attendance tracker.

And by "bought an attendance tracker" you meant called up 1800-TTTTEMPS

[minnbills]

did ATL just discover the bimodal salary distribution?

[Anonymous User]

I think ATL, and Staci Zaretsky in particular, gets off on trolling: https://abovethelaw.com/2018/06/sorry-l ... t-be-190k/

[Stillblade]

I have my doubts whether Cravath will raise to 200.

- Second, CSM partners are extremely stingy. Their greed revealed itself most recently with the departure of some top-class people such as Eric Schiele, Sandra Goldstein or Scott Barshay. CSM could easily have made concessions to the rainmakers by giving them a bigger piece of the cake, but they refused to.

To be fair, I’m not sure I’d call Cravath the greedy ones in this scenario.

Didn't Barshay more than double his income by moving to PW? If that's the case that's not him being greedy, that's him being rational

[Stillblade]

I think ATL, and Staci Zaretsky in particular, gets off on trolling: https://abovethelaw.com/2018/06/sorry-l ... t-be-190k/

ATL is the fucking worst

[bruinfan10]

I think ATL, and Staci Zaretsky in particular, gets off on trolling: https://abovethelaw.com/2018/06/sorry-l ... t-be-190k/

ATL is the fucking worst

meh that was passable 160 trolling by Staci. seriously though guys where are the rest of the matches? we're getting into pitchforks territory here.

[Anonymous User]

They're stalling for a Friday at 4:55pm costco cheese plate announcement.

[Anonymous User]

CovingTTTon to 120

[Anonymous User]

CovingTTTon to 120

With no Costco cheese plate

[PMan99]

I have my doubts whether Cravath will raise to 200.

- Second, CSM partners are extremely stingy. Their greed revealed itself most recently with the departure of some top-class people such as Eric Schiele, Sandra Goldstein or Scott Barshay. CSM could easily have made concessions to the rainmakers by giving them a bigger piece of the cake, but they refused to.

To be fair, I’m not sure I’d call Cravath the greedy ones in this scenario.

Didn't Barshay more than double his income by moving to PW? If that's the case that's not him being greedy, that's him being rational

Greediness and (at least short term) rationality are synonyms, so you’re not making a relevant distinction here.

[Man from Nantucket]

Word on the street is DPW overshot the summer class (179 or so) and stealth layoffs are planned to trim the fat. Partners are meeting today to discuss who’s getting the axe and what other associate benefits to cut before matching Milbank at 190k (no bonus). This morning, the temp assistants went around marking some associate doors with red post-it flags.

how will they know which of the 5 associates sharing the office is marked with the post it?

They come for the first born associate in each shared office. Those poor seventh years...

[Anonymous User]

Secondary: DPW just had their partner lunch/meeting.

[Anonymous User]

Secondary: DPW just had their partner lunch/meeting.

At McDonalds?

[Anonymous User]

Hogan partners are all in Monaco for a "retreat." They can afford 250.

[Anonymous User]

Secondary: DPW just had their partner lunch/meeting.

At McDonalds?

They would have to steal each others' big macs at $25/meal budget.

[Anonymous User]

FRENCH Swiss. Only the best.

[ghostoftraynor]

My friend at DPW sent me this picture of his first year orientation.

https://imgur.com/a/VXJd5rF

[JusticeJackson]

I’m moderately surprised that no one has tried an early Covington move this time—ie proactively limiting exposure to the raise by labeling it an upper east side NYC thing where no one is making partner anyway.

[Anonymous User]

If someone creates $100m in fees for his law firm (which Scott Barshay did in the AB InBev/SABMiller deal), in my opinion, he is allowed to have a greater payout than the other partners. If the partnership refuses and insists on an equal distribution, then I think that's stingy.

I have my doubts whether Cravath will raise to 200.

- Second, CSM partners are extremely stingy. Their greed revealed itself most recently with the departure of some top-class people such as Eric Schiele, Sandra Goldstein or Scott Barshay. CSM could easily have made concessions to the rainmakers by giving them a bigger piece of the cake, but they refused to.

To be fair, I’m not sure I’d call Cravath the greedy ones in this scenario.

Didn't Barshay more than double his income by moving to PW? If that's the case that's not him being greedy, that's him being rational

Greediness and (at least short term) rationality are synonyms, so you’re not making a relevant distinction here.

[Anonymous User]

I’m moderately surprised that no one has tried an early Covington move this time—ie proactively limiting exposure to the raise by labeling it an upper east side NYC thing where no one is making partner anyway.

1. 190 is just an attempt to preempt 200.
2. Everyone saw what happened to CovingTTTon and won't do it again. CovingTTTon sent that letter, and the real DC firms (Hogan, A&P, and Wilmer) matched basically the same day/next day. CovingTTTon thought it was "elite" but got shown up.

[shock259]

My friend at DPW sent me this picture of his first year orientation.

https://imgur.com/a/VXJd5rF

Bonus points for the security guard and the other attorneys in the background.