Milbank/Davis Polk/Cravath Scale: NYC to 215-415k Forum

[Anonymous User]

The DPW town hall started ten minutes ago, right? Man, this is gonna be a fun meltdown when they don't announce raises.

Neil just wrapped his presentation - mentioned 7% inflation, said firm will "encourage/expect" 3/5 days a week in office starting mark, did not mention anything re: comp lol.

Lol. Just curious, when he mentioned 7% inflation, what else did he say? Seems bizarre to acknowledge that and then not say anything about comp.

That is saying something about comp: it's going down.

It's entirely plausible a biglaw partner is so oblivious to the real world implications of inflation (do yacht prices inflate?) that it was an observation about the state of affairs relevant to their business.

Pandemic yacht inflation has actually been pretty serious! Keep these partners in your prayers.

https://www.latimes.com/business/story/ ... s-for-sale

[ExpOriental]

The takeaway is simple. If you want top-of-the-market comp outside of Wachtell/Kirkland/lit boutique, you should go to Milbank. Vault should reflect this in the next cycle.

Tremendous lols at lumping Kirkland in with Wachtell and lit boutiques for comp

[Anonymous User]

Getting positive vibes from Neil's remarks. I think DPW's announcement is imminent.

How? Did we watch the same presentation? The last question was about how they're combatting burnout and high attrition and Neil said that while 2020 and 2021 were high, 2022 is actually normal attrition, offering zero response lol

There are so many idiotic things about that response that it's obviously not in good faith.

[Anonymous User]

The takeaway is simple. If you want top-of-the-market comp outside of Wachtell/Kirkland/lit boutique, you should go to Milbank. Vault should reflect this in the next cycle.

It is Vault survey time right about now, right? Strange that DPW would monkey around as people are filling out surveys. It’s like the firm doesn’t care what 1Ls think about it anymore

[Anonymous User]

The takeaway is simple. If you want top-of-the-market comp outside of Wachtell/Kirkland/lit boutique, you should go to Milbank. Vault should reflect this in the next cycle.

Tremendous lols at lumping Kirkland in with Wachtell and lit boutiques for comp

Reminder: Kirkland fucked most people on the latest end of year bonus round and has carved down its "multiplier" to like 1.1x, 1.2x for the vast majority of associates even with outrageous billables. You get a better kicker at some V50 firms for your 2,500 hours of work than you do at a "V6."

[Anonymous User]

The takeaway is simple. If you want top-of-the-market comp outside of Wachtell/Kirkland/lit boutique, you should go to Milbank. Vault should reflect this in the next cycle.

Lmao. Come on now Stringer...

[fluctuatnecmergitur]

The takeaway is simple. If you want top-of-the-market comp outside of Wachtell/Kirkland/lit boutique, you should go to Milbank. Vault should reflect this in the next cycle.

Tremendous lols at lumping Kirkland in with Wachtell and lit boutiques for comp

Reminder: Kirkland fucked most people on the latest end of year bonus round and has carved down its "multiplier" to like 1.1x, 1.2x for the vast majority of associates even with outrageous billables. You get a better kicker at some V50 firms for your 2,500 hours of work than you do at a "V6."

L&W > K&E

[Anonymous User]

The takeaway is simple. If you want top-of-the-market comp outside of Wachtell/Kirkland/lit boutique, you should go to Milbank. Vault should reflect this in the next cycle.

Tremendous lols at lumping Kirkland in with Wachtell and lit boutiques for comp

Reminder: Kirkland fucked most people on the latest end of year bonus round and has carved down its "multiplier" to like 1.1x, 1.2x for the vast majority of associates even with outrageous billables. You get a better kicker at some V50 firms for your 2,500 hours of work than you do at a "V6."

L&W > K&E

Fuck K&E. But L&W? LOL nah

[fluctuatnecmergitur]

The takeaway is simple. If you want top-of-the-market comp outside of Wachtell/Kirkland/lit boutique, you should go to Milbank. Vault should reflect this in the next cycle.

Tremendous lols at lumping Kirkland in with Wachtell and lit boutiques for comp

Reminder: Kirkland fucked most people on the latest end of year bonus round and has carved down its "multiplier" to like 1.1x, 1.2x for the vast majority of associates even with outrageous billables. You get a better kicker at some V50 firms for your 2,500 hours of work than you do at a "V6."

L&W > K&E

Fuck K&E. But L&W? LOL nah

Better comp, slightly better hours, much better people! Sounds like a YAH!

[Anonymous User]

The takeaway is simple. If you want top-of-the-market comp outside of Wachtell/Kirkland/lit boutique, you should go to Milbank. Vault should reflect this in the next cycle.

Tremendous lols at lumping Kirkland in with Wachtell and lit boutiques for comp

Reminder: Kirkland fucked most people on the latest end of year bonus round and has carved down its "multiplier" to like 1.1x, 1.2x for the vast majority of associates even with outrageous billables. You get a better kicker at some V50 firms for your 2,500 hours of work than you do at a "V6."

L&W > K&E

Fuck K&E. But L&W? LOL nah

Better comp, slightly better hours, much better people! Sounds like a YAH!

Latham doesn't have "much better people" unless your idea of "much better people" is the sort of partner who still has coke on his nose when he comes in at 11:15am for his first conference call of the day. (And hell, maybe that is better lol)

[Anonymous User]

The takeaway is simple. If you want top-of-the-market comp outside of Wachtell/Kirkland/lit boutique, you should go to Milbank. Vault should reflect this in the next cycle.

Tremendous lols at lumping Kirkland in with Wachtell and lit boutiques for comp

Reminder: Kirkland fucked most people on the latest end of year bonus round and has carved down its "multiplier" to like 1.1x, 1.2x for the vast majority of associates even with outrageous billables. You get a better kicker at some V50 firms for your 2,500 hours of work than you do at a "V6."

L&W > K&E

Fuck K&E. But L&W? LOL nah

Better comp, slightly better hours, much better people! Sounds like a YAH!

I don't think the hours are better at L&W. Comp is prob the same (K&E used to be higher, L&W's recent multipliers for high billers are right up there though). Wouldn't say "better people" -- people are a function of their environment Biglaw. But no doubt way better culture. And way better public company and practice and cap. markets practice at L&W if you're into that stuff.

[Anonymous User]

At this point, even if DPW announces, we should be giving them low Vault scores. This is ridiculous. Clearly only Milbank deserves a prestige bump for these raises.

[fluctuatnecmergitur]

The takeaway is simple. If you want top-of-the-market comp outside of Wachtell/Kirkland/lit boutique, you should go to Milbank. Vault should reflect this in the next cycle.

Tremendous lols at lumping Kirkland in with Wachtell and lit boutiques for comp

Reminder: Kirkland fucked most people on the latest end of year bonus round and has carved down its "multiplier" to like 1.1x, 1.2x for the vast majority of associates even with outrageous billables. You get a better kicker at some V50 firms for your 2,500 hours of work than you do at a "V6."

L&W > K&E

Fuck K&E. But L&W? LOL nah

Better comp, slightly better hours, much better people! Sounds like a YAH!

I don't think the hours are better at L&W. Comp is prob the same (K&E used to be higher, L&W's recent multipliers for high billers are right up there though). Wouldn't say "better people" -- people are a function of their environment Biglaw. But no doubt way better culture. And way better public company and practice and cap. markets practice at L&W if you're into that stuff.

Well said! Agree, much better culture. The comp this year speaks for itself.

[Anonymous User]

At this point, even if DPW announces, we should be giving them low Vault scores. This is ridiculous. Clearly only Milbank deserves a prestige bump for these raises.

I disagree here. If DPW raises they're still top dogs in my eyes. If they just match and give meager special bonuses however, I'm inclined to agree.

[Anonymous User]

At this point, even if DPW announces, we should be giving them low Vault scores. This is ridiculous. Clearly only Milbank deserves a prestige bump for these raises.

I disagree here. If DPW raises they're still top dogs in my eyes. If they just match and give meager special bonuses however, I'm inclined to agree.

I agree but only if with each day that goes by DPW adds $5K in the form of a special bonus

[AureliusCapital]

When is the DPW partners weekly meeting?

[cfcm]

When is the DPW partners weekly meeting?

Not sure at this point why this would matter. There have to have been several such weekly meetings at this point.

[Anonymous User]

I cannot go one more day refreshing top law every five minutes and googling DPW big salary raise. This is like experiencing the excitement of Christmas Eve everyday and Santa never comes. Sigh.

[Anonymous User]

At this point I think the delay is a sign that DPW is trying to chill the salary war. Long live Milbank.

[glitched]

Looks like I gotta return the Tesla now.

[Anonymous User]

Proskauer put a firm town hall on our calendars with two days’ notice only to have it consist of a two minute speech announcing return to office and then end the meeting without questions or addressing salaries in the market.

[Anonymous User]

At this point I think the delay is a sign that DPW is trying to chill the salary war. Long live Milbank.

Agreed. DPW is whipping the maverick into shape. Classic, carnal cartel behavior.

Honestly think Biglaw is probably the best case study / exam question in an antitrust class as it relates to cartels / oligopolies / conscious parallelism / price fixing. Good stuff.

[Anonymous User]

At this point I think the delay is a sign that DPW is trying to chill the salary war. Long live Milbank.

I agree. At this point, DPW is either genuinely deadlocked on the inside (incompetence) or is pursuing a deliberate strategy to cool things off (sadistic & self-sabotaging).

[TigerIsBack]

At this point I think the delay is a sign that DPW is trying to chill the salary war. Long live Milbank.

I agree. At this point, DPW is either genuinely deadlocked on the inside (incompetence) or is pursuing a deliberate strategy to cool things off (sadistic & self-sabotaging).

At what point do you think the floodgates have to open then and firms need to just start falling in line with the Milbank scale (under the assumption that DPW can't figure out what they're going to do and is rightfully arguing over which partner that has a "T" in their last name should be promoted to named partner so that we can add TTT somewhere in DPW's acronym).

[Anonymous User]

Not saying they're not doing it, but I think it's a mistake to think that this wait is going to send any kind of long-term message. If they match instead of raising, that's the cool-down message. If they raise instead of matching, nobody's going to remember that we had to wait 3-4 weeks and get trued up afterwards.