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

[Anonymous User]

Another Monday another Noraise.

SAME HERE FRIEND

This isn't even on the front page anymore woe to the Nomatched woe woe woe

[LaLiLuLeLo]

Come on Pillsbury, give your associates that dough. My friends are waiting with bated breath.

[Actus Reus]

Come on Pillsbury, give your associates that dough. My friends are waiting with bated breath.

All you have to do is run up to the managing partner and poke his belly. If he laughs, raises for everyone. If not, sorry.

[KM2016]

Come on Pillsbury, give your associates that dough. My friends are waiting with bated breath.

All you have to do is run up to the managing partner and poke his belly. If he laughs, raises for everyone. If not, sorry.

Video or it didn't happen.

[Big Shrimpin]

The action is over. Everyone go home.

[Br3v]

The action is over. Everyone go home.

At least these new handcuffs are a little shinier

[Anonymous User]

The action is over. Everyone go home.

*sobs* YOU GO HOME

WHYYYYYY

[Big Shrimpin]

The action is over. Everyone go home.

At least these new handcuffs are a little shinier

*tears*

[Anonymous User]

K&L being cheap

http://abovethelaw.com/2016/06/a-biglaw ... uce-raise/

[Anonymous User]

K&L being cheap

http://abovethelaw.com/2016/06/a-biglaw ... uce-raise/

I suspect that several firms will take this approach. Almost all firms matched the move to 160 in 2007, and I'd be surprised if a 180/160 split between the V50 and V100 (roughly speaking) emerges. Firms will probably prefer to adjust first-year salaries at the expense of lockstep, market raises and bonuses.

FWIW, my former V75 firm abandoned lockstep bonuses in 2007 to match Simpson, and began paying nothing to associates that merely hit their hours and below-market bonuses to associates that were 100-200 above. When I left, they paid market salaries for all class years, but denied raises to associates that did not hit their hours and to senior associates that did not hit certain revenue requirements. My guess would be that they make all non-first-year salaries a black box.

[Anonymous User]

Does anyone know the full scale for A&b and K&S in Atlanta?

This is relevant to my interests. My understanding is that those Atlanta firms compress the shit out of their scale with only like 5k-10k raises for each class year. I wouldnt be surprised if this is still the case. Either this ATL firms are doing poorly or just lowballing associates because there are no elite firms in Atlanta to make that market move.

To all the ppl and that crazy article talking about an exodus of people out of NY just lol. To where? Most of the jobs are in NY. Sure some lucky associates in Charlotte are getting paid major TUBMANS now, but dont you need ties to NC to get a job like that. If you are a junior associate in NY, is it easy to lateral to a secondary market? Take the bar again. If you are a mid-level, you probably want out of biglaw, if not law entirely by now. Not many firms pay the full Cravath scale plus bonus at the end of the day.

[Anonymous User]

Does anyone know the full scale for A&b and K&S in Atlanta?

This is relevant to my interests. My understanding is that those Atlanta firms compress the shit out of their scale with only like 5k-10k raises for each class year. I wouldnt be surprised if this is still the case. Either this ATL firms are doing poorly or just lowballing associates because there are no elite firms in Atlanta to make that market move.

To all the ppl and that crazy article talking about an exodus of people out of NY just lol. To where? Most of the jobs are in NY. Sure some lucky associates in Charlotte are getting paid major TUBMANS now, but dont you need ties to NC to get a job like that. If you are a junior associate in NY, is it easy to lateral to a secondary market? Take the bar again. If you are a mid-level, you probably want out of biglaw, if not law entirely by now. Not many firms pay the full Cravath scale plus bonus at the end of the day.

Compressed associate scale is OK if you have a better chance at being made partner tho

[DELG]

Does anyone know the full scale for A&b and K&S in Atlanta?

This is relevant to my interests. My understanding is that those Atlanta firms compress the shit out of their scale with only like 5k-10k raises for each class year. I wouldnt be surprised if this is still the case. Either this ATL firms are doing poorly or just lowballing associates because there are no elite firms in Atlanta to make that market move.

To all the ppl and that crazy article talking about an exodus of people out of NY just lol. To where? Most of the jobs are in NY. Sure some lucky associates in Charlotte are getting paid major TUBMANS now, but dont you need ties to NC to get a job like that. If you are a junior associate in NY, is it easy to lateral to a secondary market? Take the bar again. If you are a mid-level, you probably want out of biglaw, if not law entirely by now. Not many firms pay the full Cravath scale plus bonus at the end of the day.

Compressed associate scale is OK if you have a better chance at being made partner tho

Trust me, no

[Anonymous User]

Only two native TX non-regional biglaw firms left that haven't matched. I'm at one of them. FML.

[Anonymous User]

Compressed associate scale is OK if you have a better chance at being made partner tho

No its not. Go get paid!!! You can always lateral to one of those firms with better partnership later in your career. I'm a third year on a compressed scale in major market (making 180k, firm hasnt raised) with a bonus that will probably be about 10k for total comp of 190k. 3rd years on the Cravath scale are getting what, 210 plus 45k now for total comp of 255k. Elite firms have separating themselves with this latest round of raises. Compressed scale is bullshit. Dont be fooled by firms matching the first year of the Cravath scale (overpaying juniors by the way).

[Pokemon]

How come no firms move the opposite direction. Keeping juniors at 160k and building a reputation for really paying mid levels and seniors. arent really the mid levels the only people that a firm cares to retain??

[Monochromatic Oeuvre]

How come no firms move the opposite direction. Keeping juniors at 160k and building a reputation for really paying mid levels and seniors. arent really the mid levels the only people that a firm cares to retain??

This is a bit like asking why no one who lives in a trailer park drives a Ferrari.

[Anonymous User]

Only two native TX non-regional biglaw firms left that haven't matched. I'm at one of them. FML.

Ditto. I still think they have to match though, unless they want to crater at OCI in two months. Even Locke Lorde did.

[Anonymous User]

Does anyone know the full scale for A&b and K&S in Atlanta?

This is relevant to my interests. My understanding is that those Atlanta firms compress the shit out of their scale with only like 5k-10k raises for each class year. I wouldnt be surprised if this is still the case. Either this ATL firms are doing poorly or just lowballing associates because there are no elite firms in Atlanta to make that market move.

To all the ppl and that crazy article talking about an exodus of people out of NY just lol. To where? Most of the jobs are in NY. Sure some lucky associates in Charlotte are getting paid major TUBMANS now, but dont you need ties to NC to get a job like that. If you are a junior associate in NY, is it easy to lateral to a secondary market? Take the bar again. If you are a mid-level, you probably want out of biglaw, if not law entirely by now. Not many firms pay the full Cravath scale plus bonus at the end of the day.

Compressed associate scale is OK if you have a better chance at being made partner tho

Trust me, no

Eh, I moved as a 4th year from a V30 (major market) to midsize amlaw 200 firm (same market - slightly diff practice) for this reason. Taking a decent pay cut but have been told that, so long as business goes well and I continue performing well/contributing, it's a strong possibility. At the V30, the partnership tier was nearly impenetrable without MAJOR origination and/or ties with rainmakers. The group also made like 2-3 partners in 8 years. It was a good starting point for the career, but by no means somewhere I wanted to gamble spending 8-10 years only to be shown the door and having to start over somewhere else. These career decisions involve multifactorial analyses and are by no means a binary proposition.

[Pokemon]

How come no firms move the opposite direction. Keeping juniors at 160k and building a reputation for really paying mid levels and seniors. arent really the mid levels the only people that a firm cares to retain??

This is a bit like asking why no one who lives in a trailer park drives a Ferrari.

Eh, I meant more firms like Kirkland, who tend to hire lateral and pay above market bonus.

[LaLiLuLeLo]

How come no firms move the opposite direction. Keeping juniors at 160k and building a reputation for really paying mid levels and seniors. arent really the mid levels the only people that a firm cares to retain??

This is a bit like asking why no one who lives in a trailer park drives a Ferrari.

Eh, I meant more firms like Kirkland, who tend to hire lateral and pay above market bonus.

Can't shatter the market paying $160k bro

[DELG]

Does anyone know the full scale for A&b and K&S in Atlanta?

This is relevant to my interests. My understanding is that those Atlanta firms compress the shit out of their scale with only like 5k-10k raises for each class year. I wouldnt be surprised if this is still the case. Either this ATL firms are doing poorly or just lowballing associates because there are no elite firms in Atlanta to make that market move.

To all the ppl and that crazy article talking about an exodus of people out of NY just lol. To where? Most of the jobs are in NY. Sure some lucky associates in Charlotte are getting paid major TUBMANS now, but dont you need ties to NC to get a job like that. If you are a junior associate in NY, is it easy to lateral to a secondary market? Take the bar again. If you are a mid-level, you probably want out of biglaw, if not law entirely by now. Not many firms pay the full Cravath scale plus bonus at the end of the day.

Compressed associate scale is OK if you have a better chance at being made partner tho

Trust me, no

Eh, I moved as a 4th year from a V30 (major market) to midsize amlaw 200 firm (same market - slightly diff practice) for this reason. Taking a decent pay cut but have been told that, so long as business goes well and I continue performing well/contributing, it's a strong possibility. At the V30, the partnership tier was nearly impenetrable without MAJOR origination and/or ties with rainmakers. The group also made like 2-3 partners in 8 years. It was a good starting point for the career, but by no means somewhere I wanted to gamble spending 8-10 years only to be shown the door and having to start over somewhere else. These career decisions involve multifactorial analyses and are by no means a binary proposition.

I moved in the opposite direction because it's not that great a job

[Anonymous User]

http://top-law-schools.com/forums/viewt ... &start=375

Polsinelli announced raises, allegedly. Amounts not known.

They weren't paying market before, anywhere.

Also heard they raised. Not sure to what though

Offices in more expensive cities went from $145 to $160k. Chicago, LA, DC, Dallas. Not sure about SF/Boston/Houston (Boston and Houston are brand new anyway).

Phoenix, Kansas City, St. Louis, and Denver went from $125k to $135k. Not sure where the other offices fit in, but those aren't large ones to begin with and not sure if they had many young associates.

Esoteric Q but: anybody know if other KC firms (Stinson, Husch, etc.) are raising at all/what their salary scales look like now?

SA at Husch, compensation got brought up during the summer retreat. Partners seemed unaware that Polsinelli and Cave moved, they only laughed about NY.

My guess is Husch will match, but not Stinson.

[Anonymous User]

http://top-law-schools.com/forums/viewt ... &start=375

Polsinelli announced raises, allegedly. Amounts not known.

They weren't paying market before, anywhere.

Also heard they raised. Not sure to what though

Offices in more expensive cities went from $145 to $160k. Chicago, LA, DC, Dallas. Not sure about SF/Boston/Houston (Boston and Houston are brand new anyway).

Phoenix, Kansas City, St. Louis, and Denver went from $125k to $135k. Not sure where the other offices fit in, but those aren't large ones to begin with and not sure if they had many young associates.

Esoteric Q but: anybody know if other KC firms (Stinson, Husch, etc.) are raising at all/what their salary scales look like now?

SA at Husch, compensation got brought up during the summer retreat. Partners seemed unaware that Polsinelli and Cave moved, they only laughed about NY.

My guess is Husch will match, but not Stinson.

Bryan Cave matched?

[mrjohnsterman]

Per the Daily Report:

K&S ATL 8th year at 240,000 under new scale

Troutman "looking into compensation"