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

[El Pollito]

rpupkin never not doing work

[instride91]

FWIW, my friend at simpson thacher (2nd year associate) LA has heard nothing about htis and said its "probably not true".

I find this unsurprising. When NYC moves to 190K, I doubt that LA will be brought along for the ride. Consider: The other major legal markets--NYC, Chicago, and SF/SV--each contain two prestigious T14 law schools. How many elite law schools does LA have? Zero. Frankly, the writing has been on the wall for years that LA is destined to become a below-market city.

LA has UCLA and USC. While not T14, they still have great reputations and are both T20. Several prestigious firms are also founded/based in LA: Latham, O'Melveny, MTO, Irell, Gibson Dunn, Quinn Emanuel, etc.

Also, certain areas of LA are more expensive than NY. For instance, Century City (where STB is located) is ridiculously expnsive. Downtown LA is becoming quite pricey too.

Finally, "Silicon Beach" is becoming a thing in Santa Monica, and law firms are adapting accordingly. See Cooley.

No way LA doesn't match.

[horns12]

Which firms give lock-step bonuses with no minimum billables? Looking at past years it doesn't look like there are many.

[KM2016]

FWIW, my friend at simpson thacher (2nd year associate) LA has heard nothing about htis and said its "probably not true".

I find this unsurprising. When NYC moves to 190K, I doubt that LA will be brought along for the ride. Consider: The other major legal markets--NYC, Chicago, and SF/SV--each contain two prestigious T14 law schools. How many elite law schools does LA have? Zero. Frankly, the writing has been on the wall for years that LA is destined to become a below-market city.

LA has UCLA and USC. While not T14, they still have great reputations and are both T20. Several prestigious firms are also founded/based in LA: Latham, O'Melveny, MTO, Irell, Gibson Dunn, Quinn Emanuel, etc.

Also, certain areas of LA are more expensive than NY. For instance, Century City (where STB is located) is ridiculously expnsive. Downtown LA is becoming quite pricey too.

Finally, "Silicon Beach" is becoming a thing in Santa Monica, and law firms are adapting accordingly. See Cooley.

No way LA doesn't match.

Agreed. I think there will be more than a handful of LA firms/LA offices of NY-based firms that match. I do think some of the smaller, less prestigious satellites won't match, but I think there certainly will be a large number of followers that move to $190k (i.e., MTO, Gibson, STB, Latham, O'Melveny, Quinn, Kirkland, Skadden, Milbank, Irell, W&C, etc.).

[SplitMyPants]

FWIW, my friend at simpson thacher (2nd year associate) LA has heard nothing about htis and said its "probably not true".

I find this unsurprising. When NYC moves to 190K, I doubt that LA will be brought along for the ride. Consider: The other major legal markets--NYC, Chicago, and SF/SV--each contain two prestigious T14 law schools. How many elite law schools does LA have? Zero. Frankly, the writing has been on the wall for years that LA is destined to become a below-market city.

Durham to 190

[instride91]

Also, did you not see the STB document? LA to 190k

[rpupkin]

FWIW, my friend at simpson thacher (2nd year associate) LA has heard nothing about htis and said its "probably not true".

I find this unsurprising. When NYC moves to 190K, I doubt that LA will be brought along for the ride. Consider: The other major legal markets--NYC, Chicago, and SF/SV--each contain two prestigious T14 law schools. How many elite law schools does LA have? Zero. Frankly, the writing has been on the wall for years that LA is destined to become a below-market city.

LA has UCLA and USC. While not T14, they still have great reputations and are both T20.

LOL. Yes, both schools have solid regional reputations, like fellow T20 also-rans WUSTL and Minnesota. Have you checked out market salary in St. Louis and Minneapolis lately? That's where the LA market is heading, my friend.

[03152016]

LA has UCLA and USC. While not T14, they still have great reputations and are both T20.

[Traynor Brah]

LA has UCLA and USC. While not T14, they still have great reputations and are both T20. Several prestigious firms are also founded/based in LA: Latham, O'Melveny, MTO, Irell, Gibson Dunn, Quinn Emanuel, etc.

Also, certain areas of LA are more expensive than NY. For instance, Century City (where STB is located) is ridiculously expnsive. Downtown LA is becoming quite pricey too.

Finally, "Silicon Beach" is becoming a thing in Santa Monica, and law firms are adapting accordingly. See Cooley.

No way LA doesn't match.

MODS PLS

[instride91]

FWIW, my friend at simpson thacher (2nd year associate) LA has heard nothing about htis and said its "probably not true".

I find this unsurprising. When NYC moves to 190K, I doubt that LA will be brought along for the ride. Consider: The other major legal markets--NYC, Chicago, and SF/SV--each contain two prestigious T14 law schools. How many elite law schools does LA have? Zero. Frankly, the writing has been on the wall for years that LA is destined to become a below-market city.

LA has UCLA and USC. While not T14, they still have great reputations and are both T20. Several prestigious firms are also founded/based in LA: Latham, O'Melveny, MTO, Irell, Gibson Dunn, Quinn Emanuel, etc.

Also, certain areas of LA are more expensive than NY. For instance, Century City (where STB is located) is ridiculously expnsive. Downtown LA is becoming quite pricey too.

Finally, "Silicon Beach" is becoming a thing in Santa Monica, and law firms are adapting accordingly. See Cooley.

No way LA doesn't match.

Agreed. I think there will be more than a handful of LA firms/LA offices of NY-based firms that match. I do think some of the smaller, less prestigious satellites won't match, but I think there certainly will be a large number of followers that move to $190k (i.e., MTO, Gibson, STB, Latham, O'Melveny, Quinn, Kirkland, Skadden, Milbank, Irell, W&C, etc.).

I think there will firms in every market that don't match, but I ain't about that TTT life.

[instride91]

FWIW, my friend at simpson thacher (2nd year associate) LA has heard nothing about htis and said its "probably not true".

I find this unsurprising. When NYC moves to 190K, I doubt that LA will be brought along for the ride. Consider: The other major legal markets--NYC, Chicago, and SF/SV--each contain two prestigious T14 law schools. How many elite law schools does LA have? Zero. Frankly, the writing has been on the wall for years that LA is destined to become a below-market city.

LA has UCLA and USC. While not T14, they still have great reputations and are both T20.

LOL. Yes, both schools have solid regional reputations, like fellow T20 also-rans WUSTL and Minnesota. Have you checked out market salary in St. Louis and Minneapolis lately? That's where the LA market is heading, my friend.

Except no one wants to live in those areas...

[Cobretti]

FWIW, my friend at simpson thacher (2nd year associate) LA has heard nothing about htis and said its "probably not true".

I find this unsurprising. When NYC moves to 190K, I doubt that LA will be brought along for the ride. Consider: The other major legal markets--NYC, Chicago, and SF/SV--each contain two prestigious T14 law schools. How many elite law schools does LA have? Zero. Frankly, the writing has been on the wall for years that LA is destined to become a below-market city.

LA has UCLA and USC. While not T14, they still have great reputations and are both T20. Several prestigious firms are also founded/based in LA: Latham, O'Melveny, MTO, Irell, Gibson Dunn, Quinn Emanuel, etc.

Also, certain areas of LA are more expensive than NY. For instance, Century City (where STB is located) is ridiculously expnsive. Downtown LA is becoming quite pricey too.

Finally, "Silicon Beach" is becoming a thing in Santa Monica, and law firms are adapting accordingly. See Cooley.

No way LA doesn't match.

[Byakuya769]

Think 190k is going to foster some animosity between those at places that match and those at places that don't?

[rpupkin]

LA has UCLA and USC. While not T14, they still have great reputations and are both T20.

LOL. Yes, both schools have solid regional reputations, like fellow T20 also-rans WUSTL and Minnesota. Have you checked out market salary in St. Louis and Minneapolis lately? That's where the LA market is heading, my friend.

Except no one wants to live in those areas...

LOL again. That's like saying no one wants to attend SLS or YLS because those schools have small class sizes.

[instride91]

LA has UCLA and USC. While not T14, they still have great reputations and are both T20.

LOL. Yes, both schools have solid regional reputations, like fellow T20 also-rans WUSTL and Minnesota. Have you checked out market salary in St. Louis and Minneapolis lately? That's where the LA market is heading, my friend.

Except no one wants to live in those areas...

LOL again. That's like saying no one wants to attend SLS or YLS because those schools have small class sizes.

Solid reasoning man...

[Big Shrimpin]

Which firms give lock-step bonuses with no minimum billables? Looking at past years it doesn't look like there are many.

this is actually a very interesting question

everybody stop talking about law schools (law school is sooo 3 years ago) and start talking about CREDITED places to work

[Desert Fox]

[Traynor Brah]

Solid reasoning man...

(Says the guy arguing LA is prestigious)

[Anonymous User]

Which firms give lock-step bonuses with no minimum billables? Looking at past years it doesn't look like there are many.

this is actually a very interesting question

everybody stop talking about law schools (law school is sooo 3 years ago) and start talking about CREDITED places to work

Paul, Weiss, for one.

[rpupkin]

LOL again. That's like saying no one wants to attend SLS or YLS because those schools have small class sizes.

Solid reasoning man...

Don't mock me, bro. You're the one twisting yourself into logical contortions in order to rationalize your denial about LA's imminent secondary-market status. Silicon Beach? Really? And look at your list of law firms:

Latham: headquartered in NYC
O'Melveny: years of steady decline
MTO: not even V25
Irell: just lost all of its prestigious white collar attorneys
Gibson Dunn: flirts with V10 for years but keeps falling short; it's like UT with the T14.
Quinn Emanuel: LJL

[Desert Fox]

[Tiago Splitter]

Which firms give lock-step bonuses with no minimum billables? Looking at past years it doesn't look like there are many.

this is actually a very interesting question

everybody stop talking about law schools (law school is sooo 3 years ago) and start talking about CREDITED places to work

Paul, Weiss, for one.

I feel like any place with no minimum for bonus is the sort of place where peer pressure makes you bill way over that amount anyway.

No way. Let's get a CREDITED places to work list going and see just how bad it could be. I'll start:

Cravath, Swaine & Moore

[Big Shrimpin]

Which firms give lock-step bonuses with no minimum billables? Looking at past years it doesn't look like there are many.

this is actually a very interesting question

everybody stop talking about law schools (law school is sooo 3 years ago) and start talking about CREDITED places to work

Paul, Weiss, for one.

I feel like any place with no minimum for bonus is the sort of place where peer pressure makes you bill way over that amount anyway.

*goes to P,W*

but re DF's point...most biglaw groups ive experienced either first or second-hand have the peer pressure regardless of whether there's a minimum or not

cuz u kno, it's MOAR PIE PLZ or NOBREAKFAST

[Anonymous User]

LOL again. That's like saying no one wants to attend SLS or YLS because those schools have small class sizes.

Solid reasoning man...

Don't mock me, bro. You're the one twisting yourself into logical contortions in order to rationalize your denial about LA's imminent secondary-market status. Silicon Beach? Really? And look at your list of law firms:

Latham: headquartered in NYC
O'Melveny: years of steady decline
MTO: not even V25
Irell: just lost all of its prestigious white collar attorneys
Gibson Dunn: flirts with V10 for years but keeps falling short; it's like UT with the T14.
Quinn Emanuel: LJL

Latham 1st year here. Latham's NY office has the most attorneys of any of its offices, but the firm is definitely HQ'ed in LA (where it was also founded)

[instride91]

LOL again. That's like saying no one wants to attend SLS or YLS because those schools have small class sizes.

Solid reasoning man...

Don't mock me, bro. You're the one twisting yourself into logical contortions in order to rationalize your denial about LA's imminent secondary-market status. Silicon Beach? Really? And look at your list of law firms:

Latham: headquartered in NYC
O'Melveny: years of steady decline
MTO: not even V25
Irell: just lost all of its prestigious white collar attorneys
Gibson Dunn: flirts with V10 for years but keeps falling short; it's like UT with the T14.
Quinn Emanuel: LJL

I can't even... Until you have a shred of actual evidence that LA is "imminently" headed to "secondary-market status" (beyond your admittedly impressive ability to count T14 schools), I think I'll stick to "rationalizing my denial."