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Have you guys heard of an impending change in the cravath scale for new associates? Someone told me today that they're going to increase starting salary by anywhere between $15K and $30K, yielding starting salaries of between $175,000 to $190,000. Is this true? If so, do you think that other big nyc firms will follow suit?

BrooklynLaw16 wrote:Have you guys heard of an impending change in the cravath scale for new associates? Someone told me today that they're going to increase starting salary by anywhere between $15K and $30K, yielding starting salaries of between $175,000 to $190,000. Is this true? If so, do you think that other big nyc firms will follow suit?

"Someone told you" as in, someone repeated the vague idea that New York will go to 190k at some point in the unknown future, or "Someone told you" as in, someone with specific inside knowledge told you that the increase is coming next year?

BrooklynLaw16 wrote:Have you guys heard of an impending change in the cravath scale for new associates? Someone told me today that they're going to increase starting salary by anywhere between $15K and $30K, yielding starting salaries of between $175,000 to $190,000. Is this true? If so, do you think that other big nyc firms will follow suit?

i know this is flame but i really hope it isn't

sideroxylon wrote:i know this is flame but i really hope it isn't

Explain your source OP.

BrooklynLaw16 wrote:Have you guys heard of an impending change in the cravath scale for new associates? Someone told me today that they're going to increase starting salary by anywhere between $15K and $30K, yielding starting salaries of between $175,000 to $190,000. Is this true? If so, do you think that other big nyc firms will follow suit?

I will love you forever if this isn't a flame...

NYC to 190K

Don't get your hopes up, this is an unverified source. If nobody else has heard similar news, let's assume it's BS and hope the market improves substantially.

BrooklynLaw16 wrote:Don't get your hopes up, this is an unverified source. If nobody else has heard similar news, let's assume it's BS and hope the market improves substantially.

So you mean one of your fellow 2L buddies.

Great thread thanks

..

BrooklynLaw16 wrote:Don't get your hopes up, this is an unverified source. If nobody else has heard similar news, let's assume it's BS and hope the market improves substantially.

NYC to 190!!

god dammit

..

They'd have to do it across the board. Firms will have retention problems if they get cheap with more senior associates. If raises are not commensurate, some new associates will make more than some second year associates. Then they're guaranteed to get up and go to slytherin. ..I mean cravath...

BrooklynLaw16 wrote:Don't get your hopes up, this is an unverified source. If nobody else has heard similar news, let's assume it's BS and hope the market improves substantially.

What type of unverified source? Your 2L buddy from your study group, or someone that actually might have a clue?

this a cruel flame

2L at Brooklyn Law says he has inside info about NYC to $190k

People actually bother responding to this

Pathetic

First year bonus to $20k

dixiecupdrinking wrote:2L at Brooklyn Law says he has inside info about NYC to $190k

People actually bother responding to this

Pathetic

but he's going to a ~V50~

Source is an acquaintance who claims to have read a news article about it. Like I said, unverified and if unsubstantiated, we should assume it's false. I was just wondering if anyone heard the same.

BrooklynLaw16 wrote:Source is an acquaintance who claims to have read a news article about it. Like I said, unverified and if unsubstantiated, we should assume it's false. I was just wondering if anyone heard the same.

NYC to 190!!

Stub year bonus to 11k prorated, you heard it here first. Models and bottles yo

ugh

2014 wrote:Stub year bonus to 11k prorated, you heard it here first. Models and bottles yo

1100 Chipotle burritos w/guac. Those are my models.

BrooklynLaw16 wrote:They'd have to do it across the board. Firms will have retention problems if they get cheap with more senior associates. If raises are not commensurate, some new associates will make more than some second year associates. Then they're guaranteed to get up and go to slytherin. ..I mean cravath...

This is adorable.