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

[MCFC]

http://www.americanlawyer.com/id=120277 ... 0203193343





Posts not endorsements, obviously.

[jkpolk]

TLDR of article: NY to 200K!!

[Tiago Splitter]

We need more raises to tease out the signal from the noise.

[Mr. Peanutbutter]

We need more raises to tease out the signal from the noise.

[TLSModBot]

We need more raises to tease out the signal from the noise.

This guy gets it

[dixiecupdrinking]

It's almost like both pay raises and recessions are cyclical.

[2014]

I haven't followed the AmLaw PPP announcements at all - were profits generally up last year?

[Hutz_and_Goodman]

NY will go to 200k in 2018.

[Anonymous User]

NY will go to 200k in 2018.

Why?

[RaceJudicata]

NY will go to 200k in 2018.

Why?

Don't ask questions Anon. Also, I agree.

[Anonymous User]

NY will go to 200k in 2018.

Would other markets such as Chi/LA/Hou follow immediately?

[Hutz_and_Goodman]

NY will go to 200k in 2018.

Would other markets such as Chi/LA/Hou follow immediately?

No, I think the next move NYC will go alone (bc it is the most expensive) and others will follow in 2019/2020.

[cookiejar1]

NY will go to 200k in 2018.

Why?

Don't ask questions Anon. Also, I agree.

Hear, hear. NY to 200. Never forget.

[sucsuroc]

I haven't followed the AmLaw PPP announcements at all - were profits generally up last year?

In general firms seemed to have low growth. A few firms reported drops, some of them big, but this seems outweighed by the firms that had great results: CovingTTTon's PPP was up 16% despite them grousing about giving associates a raise, Davis Polk had its "best year ever" and Weil's PPP was up 22%. The elite firms can definitely afford a raise and the other firms can choose if they want to follow. NY to 200.

[LaLiLuLeLo]

I haven't followed the AmLaw PPP announcements at all - were profits generally up last year?

In general firms seemed to have low growth. A few firms reported drops, some of them big, but this seems outweighed by the firms that had great results: CovingTTTon's PPP was up 16% despite them grousing about giving associates a raise, Davis Polk had its "best year ever" and Weil's PPP was up 22%. The elite firms can definitely afford a raise and the other firms can choose if they want to follow. NY to 200.

Yeah, I'm hoping the elite firms and those with a very healthy PPP try to push and segment the market by going to 200k. Purely out of selfishness.

[Npret]

I haven't followed the AmLaw PPP announcements at all - were profits generally up last year?

In general firms seemed to have low growth. A few firms reported drops, some of them big, but this seems outweighed by the firms that had great results: CovingTTTon's PPP was up 16% despite them grousing about giving associates a raise, Davis Polk had its "best year ever" and Weil's PPP was up 22%. The elite firms can definitely afford a raise and the other firms can choose if they want to follow. NY to 200.

I don't remember. How many years was it between raises last time?

Do you guys honestly think the partners want/ need to pay anyone more? Or just wishful thinking?

So it was about a decade between raises before. Jan 2006 - July 2016.
Found the answer in an ATl article announcing the raises.
http://abovethelaw.com/2016/06/breaking ... -salaries/

[BigZuck]

I haven't followed the AmLaw PPP announcements at all - were profits generally up last year?

In general firms seemed to have low growth. A few firms reported drops, some of them big, but this seems outweighed by the firms that had great results: CovingTTTon's PPP was up 16% despite them grousing about giving associates a raise, Davis Polk had its "best year ever" and Weil's PPP was up 22%. The elite firms can definitely afford a raise and the other firms can choose if they want to follow. NY to 200.

Yeah, I'm hoping the elite firms and those with a very healthy PPP try to push and segment the market by going to 200k. Purely out of selfishness.

We can call non-200K bros Biddle Drinkers

[jingosaur]

I haven't followed the AmLaw PPP announcements at all - were profits generally up last year?

In general firms seemed to have low growth. A few firms reported drops, some of them big, but this seems outweighed by the firms that had great results: CovingTTTon's PPP was up 16% despite them grousing about giving associates a raise, Davis Polk had its "best year ever" and Weil's PPP was up 22%. The elite firms can definitely afford a raise and the other firms can choose if they want to follow. NY to 200.

I don't remember. How many years was it between raises last time?

Do you guys honestly think the partners want/ need to pay anyone more? Or just wishful thinking?

So it was about a decade between raises before. Jan 2006 - July 2016.
Found the answer in an ATl article announcing the raises.
http://abovethelaw.com/2016/06/breaking ... -salaries/

Get the fuck out of here with your negativity.

[Anonymous User]

I haven't followed the AmLaw PPP announcements at all - were profits generally up last year?

In general firms seemed to have low growth. A few firms reported drops, some of them big, but this seems outweighed by the firms that had great results: CovingTTTon's PPP was up 16% despite them grousing about giving associates a raise, Davis Polk had its "best year ever" and Weil's PPP was up 22%. The elite firms can definitely afford a raise and the other firms can choose if they want to follow. NY to 200.

I don't remember. How many years was it between raises last time?

Do you guys honestly think the partners want/ need to pay anyone more? Or just wishful thinking?

So it was about a decade between raises before. Jan 2006 - July 2016.
Found the answer in an ATl article announcing the raises.
http://abovethelaw.com/2016/06/breaking ... -salaries/

Get the fuck out of here with your negativity.

+1. Considering I'm at a firm where PPP is north of $3M (hence anonymous post), I think they can afford to go NY TO $200K!

[cookiejar1]

I haven't followed the AmLaw PPP announcements at all - were profits generally up last year?

In general firms seemed to have low growth. A few firms reported drops, some of them big, but this seems outweighed by the firms that had great results: CovingTTTon's PPP was up 16% despite them grousing about giving associates a raise, Davis Polk had its "best year ever" and Weil's PPP was up 22%. The elite firms can definitely afford a raise and the other firms can choose if they want to follow. NY to 200.

I don't remember. How many years was it between raises last time?

Do you guys honestly think the partners want/ need to pay anyone more? Or just wishful thinking?

So it was about a decade between raises before. Jan 2006 - July 2016.
Found the answer in an ATl article announcing the raises.
http://abovethelaw.com/2016/06/breaking ... -salaries/

Wishful thinking is what brought us to 180 and wishful thinking is what will bring us to 200. Believe in the power of this thread.

[Npret]

I haven't followed the AmLaw PPP announcements at all - were profits generally up last year?

In general firms seemed to have low growth. A few firms reported drops, some of them big, but this seems outweighed by the firms that had great results: CovingTTTon's PPP was up 16% despite them grousing about giving associates a raise, Davis Polk had its "best year ever" and Weil's PPP was up 22%. The elite firms can definitely afford a raise and the other firms can choose if they want to follow. NY to 200.

I don't remember. How many years was it between raises last time?

Do you guys honestly think the partners want/ need to pay anyone more? Or just wishful thinking?

So it was about a decade between raises before. Jan 2006 - July 2016.
Found the answer in an ATl article announcing the raises.
http://abovethelaw.com/2016/06/breaking ... -salaries/

Wishful thinking is what brought us to 180 and wishful thinking is what will bring us to 200. Believe in the power of this thread.

ATL made it sound like meetings with associates at Cravath had some effect. The partnership wants associates to be able to afford better rent so they can live closer to the office and work more.

Maybe you can get associates who don't care about keeping their jobs to open some meetings with partners and ask for $20,000 raise a year after getting one. Framing it as being able to work more hours seems like a winning strategy.

[heythatslife]

The historical graph clearly indicates that raises occur in clusters of 2-3 years. Therefore, we are due for NY to 190k-200k in 2018/2019. It will happen because I say so.

[Npret]

The historical graph clearly indicates that raises occur in clusters of 2-3 years. Therefore, we are due for NY to 190k-200k in 2018/2019. It will happen because I say so.

I must not be seeing this but I hope you're right because almost a decade without a raise was insane given the rising cost of law school and rent over the same time frame. Though the massive recession had a huge impact as well so the timing was probably off.

Hope you all positive think your way into a raise.

[Tiago Splitter]

The historical graph clearly indicates that raises occur in clusters of 2-3 years. Therefore, we are due for NY to 190k-200k in 2018/2019. It will happen because I say so.

I must not be seeing this but I hope you're right because almost a decade without a raise was insane given the rising cost of law school and rent over the same time frame. Though the massive recession had a huge impact as well so the timing was probably off.

Hope you all positive think your way into a raise.

Jesus christ dude.

[Pokemon]

ONLY A MATTER OF TIME!!!!! Partners at my firm think they skipped bullet when NYC raised only to 180k and expect ANY MOMENT NOW for ny to 200! Do not quote, to be deleted....