NY to 200k?! Forum

[EvilCorp123]

Does anyone know if GT (NY) matched?

Don't go to Greenberg Traurig if you want market compensation, or even competitive compensation, and it's as much a sweatshop as anywhere. No the NYC office hasn't raised but even if they ultimately do, they only match for the junior class years and then black box compensation after that, to make it appear as though they are market. And that's only for a few major market offices; almost all GT offices are not even on the old $190k scale let alone the new one.

Same thing goes for bonuses.

Oh and yeah, GT was the earliest firm to fully reopen and require a return to pre-covid in office protocol. No hybrid model.

[Anonymous User]

Still no news from Venable…

[Anonymous User]

Does anyone know if GT (NY) matched?

Don't go to Greenberg Traurig if you want market compensation, or even competitive compensation, and it's as much a sweatshop as anywhere. No the NYC office hasn't raised but even if they ultimately do, they only match for the junior class years and then black box compensation after that, to make it appear as though they are market. And that's only for a few major market offices; almost all GT offices are not even on the old $190k scale let alone the new one.

Same thing goes for bonuses.

Oh and yeah, GT was the earliest firm to fully reopen and require a return to pre-covid in office protocol. No hybrid model.

I thought most associates were pretty happy with the black box comp there?

[Anonymous User]

Does anyone know if GT (NY) matched?

Don't go to Greenberg Traurig if you want market compensation, or even competitive compensation, and it's as much a sweatshop as anywhere. No the NYC office hasn't raised but even if they ultimately do, they only match for the junior class years and then black box compensation after that, to make it appear as though they are market. And that's only for a few major market offices; almost all GT offices are not even on the old $190k scale let alone the new one.

Same thing goes for bonuses.

Oh and yeah, GT was the earliest firm to fully reopen and require a return to pre-covid in office protocol. No hybrid model.

GT also laid off associates during the pandemic and tried to pass it off as performance related.

[Anonymous User]

Kirkland’s lateral hiring report (newly instituted to raise associate morale) shows they’ve hired more than 300 laterals in 2021 - nearly 80 in New York and more than 60 in Chicago. Literally bursting at the seams here and they can’t even go over the top of DPW’s scale. I’m sure they will once again talk a big game in December and then have a 1.2x bonus multiplier median.

[Anonymous User]

Full Shearman Match to DPW scale.

This isn’t on any news… strange. Are you sure?

Email sent out I think and on nonequitypartner IG

This is a strange reply. You either received the email or you didn't. These emails get sent out to all associates. Just saying

Can anyone confirm?

[Anonymous User]

Does anyone know if GT (NY) matched?

Don't go to Greenberg Traurig if you want market compensation, or even competitive compensation, and it's as much a sweatshop as anywhere. No the NYC office hasn't raised but even if they ultimately do, they only match for the junior class years and then black box compensation after that, to make it appear as though they are market. And that's only for a few major market offices; almost all GT offices are not even on the old $190k scale let alone the new one.

Same thing goes for bonuses.

Oh and yeah, GT was the earliest firm to fully reopen and require a return to pre-covid in office protocol. No hybrid model.

Do you think they will eventually match within a few months? I saw that they didn’t match the 190k scale in 2018 but they did for NYC office (I don’t know when the match happened though)

[Anonymous User]

Does anyone know if GT (NY) matched?

Don't go to Greenberg Traurig if you want market compensation, or even competitive compensation, and it's as much a sweatshop as anywhere. No the NYC office hasn't raised but even if they ultimately do, they only match for the junior class years and then black box compensation after that, to make it appear as though they are market. And that's only for a few major market offices; almost all GT offices are not even on the old $190k scale let alone the new one.

Same thing goes for bonuses.

Oh and yeah, GT was the earliest firm to fully reopen and require a return to pre-covid in office protocol. No hybrid model.

Do you think they will eventually match within a few months? I saw that they didn’t match the 190k scale in 2018 but they did for NYC office (I don’t know when the match happened though)

I believe they matched 190K right away for major markets. I know they did at the Chicago office in an office-wide meeting that wasn't published outside of the office. How's that for transparency!

[Anonymous User]

Really curious to see what KS & AB Atlanta do since those offices just raised to 190 a couple months ago.

[Anonymous User]

Does anyone know if GT (NY) matched?

Don't go to Greenberg Traurig if you want market compensation, or even competitive compensation, and it's as much a sweatshop as anywhere. No the NYC office hasn't raised but even if they ultimately do, they only match for the junior class years and then black box compensation after that, to make it appear as though they are market. And that's only for a few major market offices; almost all GT offices are not even on the old $190k scale let alone the new one.

Same thing goes for bonuses.

Oh and yeah, GT was the earliest firm to fully reopen and require a return to pre-covid in office protocol. No hybrid model.

Do you think they will eventually match within a few months? I saw that they didn’t match the 190k scale in 2018 but they did for NYC office (I don’t know when the match happened though)

Anon because of identifying information,but there is some misleading information on this website about GT. You will never see an announcement about comp from them, because decisions are made office-specific. But this past year the firm paid special bonuses matching market for first through third years in some offices, then bonuses became black box. They will match in NY/SF/Chi/LA, but not likely with an announcement. Bizarre system. Also that’s not true about GT being the first to reopen, at least in my market and some others.

[wldecisions]

Decided it was finally time for a google doc. Took the previous bonus doc and created a new version, and updated based on ATL's scorecard chart. Sounds like there's been movement since the ATL updated their chart last, so if something is missing/wrong let me know and I will update. Fingers crossed the link works and I set it up right...

https://docs.google.com/spreadsheets/d/ ... sp=sharing

Willkie matched. Appreciate the spreadsheet, btw.

[Anonymous User]

Really curious to see what KS & AB Atlanta do since those offices just raised to 190 a couple months ago.

I bet K&S really wishes they could back out of their announcement that all offices will get the same salary. There's really no doubt that they will eventually match in the non-ATL and non-Charlotte markets. It wouldn't surprise me if a bunch of ATL associates get shitcanned since they're about to become 30% more expensive overnight without a corresponding increase in hourly rates.

[Anonymous User]

Really curious to see what KS & AB Atlanta do since those offices just raised to 190 a couple months ago.

I bet K&S really wishes they could back out of their announcement that all offices will get the same salary. There's really no doubt that they will eventually match in the non-ATL and non-Charlotte markets. It wouldn't surprise me if a bunch of ATL associates get shitcanned since they're about to become 30% more expensive overnight without a corresponding increase in hourly rates.

30% more expensive? By my math, the first year increase (190 --> 205) is like 8%. The prior raises matching NY scale that just went into effect were closer to that percentage for some years, so maybe that's what you meant. What they really wish they could back out of was the "unified salary structure" branding they used for the last raises.

But in any event, you're right that K&S (and A&B) will definitely match in non-ATL and non-CLT markets. They can definitely afford to match everywhere, and I'd say it's more likely than not that they do given the "unified salary structure" talk. The only question will be if A&B beats them to an announcement and does not raise in ATL.

[BankruptcyJesus]

Decided it was finally time for a google doc. Took the previous bonus doc and created a new version, and updated based on ATL's scorecard chart. Sounds like there's been movement since the ATL updated their chart last, so if something is missing/wrong let me know and I will update. Fingers crossed the link works and I set it up right...

https://docs.google.com/spreadsheets/d/ ... sp=sharing

Willkie matched. Appreciate the spreadsheet, btw.

Based on the above, I don’t think we confirmed Shearman matched.

[Anonymous User]

Orrick apparently matched in all offices and for remote associates. A happy day for Sacramento and Portland associates I bet.

https://abovethelaw.com/2021/06/orrick-raise-2021/

[Anonymous User]

Really curious to see what KS & AB Atlanta do since those offices just raised to 190 a couple months ago.

I bet K&S really wishes they could back out of their announcement that all offices will get the same salary. There's really no doubt that they will eventually match in the non-ATL and non-Charlotte markets. It wouldn't surprise me if a bunch of ATL associates get shitcanned since they're about to become 30% more expensive overnight without a corresponding increase in hourly rates.

30% more expensive? By my math, the first year increase (190 --> 205) is like 8%. The prior raises matching NY scale that just went into effect were closer to that percentage for some years, so maybe that's what you meant. What they really wish they could back out of was the "unified salary structure" branding they used for the last raises.

But in any event, you're right that K&S (and A&B) will definitely match in non-ATL and non-CLT markets. They can definitely afford to match everywhere, and I'd say it's more likely than not that they do given the "unified salary structure" talk. The only question will be if A&B beats them to an announcement and does not raise in ATL.

Going from paying first years like $150k (or whatever) at the start of 2021 under the old scale to $205k in July is about a 30% jump.

[papermateflair]

Decided it was finally time for a google doc. Took the previous bonus doc and created a new version, and updated based on ATL's scorecard chart. Sounds like there's been movement since the ATL updated their chart last, so if something is missing/wrong let me know and I will update. Fingers crossed the link works and I set it up right...

https://docs.google.com/spreadsheets/d/ ... sp=sharing

Willkie matched. Appreciate the spreadsheet, btw.

Based on the above, I don’t think we confirmed Shearman matched.

Thanks! The chart has been updated to reflect Wilkie match and removing Shearman until there's real evidence.

[Anonymous User]

Really curious to see what KS & AB Atlanta do since those offices just raised to 190 a couple months ago.

I bet K&S really wishes they could back out of their announcement that all offices will get the same salary. There's really no doubt that they will eventually match in the non-ATL and non-Charlotte markets. It wouldn't surprise me if a bunch of ATL associates get shitcanned since they're about to become 30% more expensive overnight without a corresponding increase in hourly rates.

30% more expensive? By my math, the first year increase (190 --> 205) is like 8%. The prior raises matching NY scale that just went into effect were closer to that percentage for some years, so maybe that's what you meant. What they really wish they could back out of was the "unified salary structure" branding they used for the last raises.

But in any event, you're right that K&S (and A&B) will definitely match in non-ATL and non-CLT markets. They can definitely afford to match everywhere, and I'd say it's more likely than not that they do given the "unified salary structure" talk. The only question will be if A&B beats them to an announcement and does not raise in ATL.

Eversheds did the same thing recently as well, so they likely have the same dilemma (although they will definitely not be in a race to announce before A&B or K&S).

[Anonymous User]

For whoever is updating the googledoc, Fenwick re-upped to DPW ages ago according to nonequitypartner. ATL just hasn't bothered updating it from 200 on the scorecard or reporting it.

[Anonymous User]

Really curious to see what KS & AB Atlanta do since those offices just raised to 190 a couple months ago.

I bet K&S really wishes they could back out of their announcement that all offices will get the same salary. There's really no doubt that they will eventually match in the non-ATL and non-Charlotte markets. It wouldn't surprise me if a bunch of ATL associates get shitcanned since they're about to become 30% more expensive overnight without a corresponding increase in hourly rates.

Anon because I’m at one of these firms. K&S and A&B were bleeding associates to firms offering permanent remote work at NY scale. There were also more firms with satellite offices in Atlanta paying NY scale (for years it was just Paul Hastings with its tiny office, but then you had DLA and McDermott among others). They had no choice but to match NY and they aren’t going back to a divided scale for the foreseeable future. I expect both will match in the next week.

[Anonymous User]

A&P matched, 202.5 stub year

[Anonymous User]

Does anyone know if GT (NY) matched?

Don't go to Greenberg Traurig if you want market compensation, or even competitive compensation, and it's as much a sweatshop as anywhere. No the NYC office hasn't raised but even if they ultimately do, they only match for the junior class years and then black box compensation after that, to make it appear as though they are market. And that's only for a few major market offices; almost all GT offices are not even on the old $190k scale let alone the new one.

Same thing goes for bonuses.

Oh and yeah, GT was the earliest firm to fully reopen and require a return to pre-covid in office protocol. No hybrid model.

Do you think they will eventually match within a few months? I saw that they didn’t match the 190k scale in 2018 but they did for NYC office (I don’t know when the match happened though)

Anon because of identifying information,but there is some misleading information on this website about GT. You will never see an announcement about comp from them, because decisions are made office-specific. But this past year the firm paid special bonuses matching market for first through third years in some offices, then bonuses became black box. They will match in NY/SF/Chi/LA, but not likely with an announcement. Bizarre system. Also that’s not true about GT being the first to reopen, at least in my market and some others.

Anon for v similar reasons - GT is matching DPW in NYC

[doctor]

Updated V50 grid as of today. The Google Doc is nice but it doesn't take into account which firms are jipping summers and stubs out of $1000:

205 Crew:

• Cravath, Skadden, S&C, Latham, Kirkland, STB, PW, Sidley, Covington, PH, Ropes, Cooley, O'Melveny, DLA, Morgan Lewis, Mayer Brown, Willkie, Clifford, A&O

202.5 Crew:

• DPW, Gibson, Weil, Quinn, Cleary, W&C, Debevoise, Wilmer, MoFo, Hogan, Proskauer, Boies, Goodwin, Akin, APKS, BM, Orrick, WSGR, Munger, BB, FF

Still @ 200:

• Milbank, W&S

Still @ 190:

• K&S, K&L, Perkins, Linklaters, Shearman

Off-market:

• Wachtell, Williams, Jones Day (lol)

[Anonymous User]

Updated V50 grid as of today. The Google Doc is nice but it doesn't take into account which firms are jipping summers and stubs out of $1000:

205 Crew:

• Cravath, Skadden, S&C, Latham, Kirkland, STB, PW, Sidley, Covington, PH, Ropes, Cooley, O'Melveny, DLA, Morgan Lewis, Mayer Brown, Willkie, Clifford, A&O

202.5 Crew:

• DPW, Gibson, Weil, Quinn, Cleary, W&C, Debevoise, Wilmer, MoFo, Hogan, Proskauer, Boies, Goodwin, Akin, BM, Orrick, WSGR, Munger, BB, FF

Still @ 200:

• Milbank, W&S

Still @ 190:

• APKS, K&S, K&L, Perkins, Linklaters, Shearman

Off-market:

• Wachtell, Williams, Jones Day (lol)

A&P just joined the 202.5 crew.

[Anonymous User]

Updated V50 grid as of today. The Google Doc is nice but it doesn't take into account which firms are jipping summers and stubs out of $1000:

205 Crew:

• Cravath, Skadden, S&C, Latham, Kirkland, STB, PW, Sidley, Covington, PH, Ropes, Cooley, O'Melveny, DLA, Morgan Lewis, Mayer Brown, Willkie, Clifford, A&O

202.5 Crew:

• DPW, Gibson, Weil, Quinn, Cleary, W&C, Debevoise, Wilmer, MoFo, Hogan, Proskauer, Boies, Goodwin, Akin, BM, Orrick, WSGR, Munger, BB, FF

Still @ 200:

• Milbank, W&S

Still @ 190:

• APKS, K&S, K&L, Perkins, Linklaters, Shearman

Off-market:

• Wachtell, Williams, Jones Day (lol)

A&P just joined the 202.5 crew.