There already is this problem at Cravath and a number of other top firms.I think there could be a real problem of midlevel understaffing over the next couple years.
If you're going to steal jokes from other places, at least do it from places that TLSers don't read so it isn't obvious.Big Shrimpin wrote:a rising tide only lifts those who already have a yacht...
yikes...sry dood, I'll go right ahead and edit that for you!Anonymous User wrote:If you're going to steal jokes from other places, at least do it from places that TLSers don't read so it isn't obvious.
Anonymous User wrote:Typically, the way people–especially in law school–indicate that they're using a statement authored by someone else is through quotation marks. Last I checked, neither the Bluebook nor the Chicago Manual of Style has a section on passive aggression.
Are you working in Boston? Mind saying what firm?Blindmelon wrote:Nah, its lockstep with the rest of the firm - large national. Yea, I think Cravath while its OMG prestige seems like a bad decision given that many other firms pay the same and require much less grinding. It would make sense if they paid more or gave better bonuses, but this whole lock-step thing is just silly.ToTransferOrNot wrote:Lower pay to go along with it, I presume.Blindmelon wrote:2400 hours billed? YIKES. My firm told me its typically 2000 - 2100 including pro bono hours. Yey for secondary market.
FWIW, I imagine 2400 is on the high end anywhere aside from some of the notorious NYC sweatshops, and (probably) Kirkland-Chicago. Of course, this is the Cravath bonus scale, so we're talking about one of the notorious NYC sweatshops here.
Still 160k no matter what way you look at it is a ton. Even without a bonus, I'm still pissing myself at the prospect of getting a full-time offer after summer.
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I know a no-offered class of '10 person who just got a V10 job because of understaffing.Anonymous User wrote:There already is this problem at Cravath and a number of other top firms.I think there could be a real problem of midlevel understaffing over the next couple years.
If you really wanna know the specific, PM me. Its GP/R+G/WH.albieman wrote:Are you working in Boston? Mind saying what firm?Blindmelon wrote:Nah, its lockstep with the rest of the firm - large national. Yea, I think Cravath while its OMG prestige seems like a bad decision given that many other firms pay the same and require much less grinding. It would make sense if they paid more or gave better bonuses, but this whole lock-step thing is just silly.ToTransferOrNot wrote:Lower pay to go along with it, I presume.Blindmelon wrote:2400 hours billed? YIKES. My firm told me its typically 2000 - 2100 including pro bono hours. Yey for secondary market.
FWIW, I imagine 2400 is on the high end anywhere aside from some of the notorious NYC sweatshops, and (probably) Kirkland-Chicago. Of course, this is the Cravath bonus scale, so we're talking about one of the notorious NYC sweatshops here.
Still 160k no matter what way you look at it is a ton. Even without a bonus, I'm still pissing myself at the prospect of getting a full-time offer after summer.
Yeah, that's my impression too, but "low billers" in this context is 1800ish. Honestly, if you're at K&E and only billed 1800, you should be glad that they didn't fire you.Unemployed wrote:I heard from K&E associates that when they stiff the low billers, they stiff them hard (i.e. way below market or no bonus at all). It's a great system for hard workers though, since the upside is pretty high.
ITE? Yes. Pre-ITE? No.I heard from K&E associates that when they stiff the low billers, they stiff them hard (i.e. way below market or no bonus at all). It's a great system for hard workers though, since the upside is pretty high.
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I'm about 99% sure this won't happen.On the flipside, is this midlevel understaffing thing the start of the march towards NY to 180?
I guess it's a lot better than comp going DOWN.....right? Because if there's a double dip everyone will be screaming NY TO 130.Anonymous User wrote:I'm about 99% sure this won't happen.On the flipside, is this midlevel understaffing thing the start of the march towards NY to 180?
And if it does happen, I'm about 99% sure starting salaries won't change. The scale will just become steeper (i.e., more money for midlevels, higher lockstep raises, etc.).
My further thoughts: I'm glad I bailed on my 2L SA for K&EA&O wrote:Just bumping this thread for further thoughts on recent bonus-related events.
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I know a lot of 3Ls who were hired this year (through 3L OCI) who are probably saying the same thing.ToTransferOrNot wrote:My further thoughts: I'm glad I bailed on my 2L SA for K&EA&O wrote:Just bumping this thread for further thoughts on recent bonus-related events.
Why didn't you go to K&E for your 2L summer?ToTransferOrNot wrote:My further thoughts: I'm glad I bailed on my 2L SA for K&EA&O wrote:Just bumping this thread for further thoughts on recent bonus-related events.
Didn't have an offer from them.mcat4life87 wrote:Why didn't you go to K&E for your 2L summer?ToTransferOrNot wrote:My further thoughts: I'm glad I bailed on my 2L SA for K&EA&O wrote:Just bumping this thread for further thoughts on recent bonus-related events.
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