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

[Traynor Brah]

History is written by the winners.

[abitaman6363]

Here is an article regarding pay increases. Only some relevant discussion (mostly discusses small to mid-size firms) and apologies if already posted (did not feel like reviewing the other 30 pages of comments):

http://www.law360.com/articles/699081/l ... eport-says

The report the article sites is here:

https://www.roberthalf.com/sites/defaul ... _guide.pdf

No discussion of $160k law firms and where those numbers will go--mostly discussion of the legal industry writ large.

I found the information helpful mainly with regard to underlying support for a salary shift, but unhelpful with regard to the actual dollar increase we can expect to see. I cannot see top-tier law firms increasing salaries (whenever they do) for less than $10k.

[rpupkin]

Here is an article regarding pay increases. Only some relevant discussion (mostly discusses small to mid-size firms) and apologies if already posted (did not feel like reviewing the other 30 pages of comments):

http://www.law360.com/articles/699081/l ... eport-says

The report the article sites is here:

https://www.roberthalf.com/sites/defaul ... _guide.pdf

No discussion of $160k law firms and where those numbers will go--mostly discussion of the legal industry writ large.

I found the information helpful mainly with regard to underlying support for a salary shift, but unhelpful with regard to the actual dollar increase we can expect to see. I cannot see top-tier law firms increasing salaries (whenever they do) for less than $10k.

[abitaman6363]

This is a good thing rpupkin. The market has shifted. Our increases shall come.

[PourMeTea]

Which Firm Just Gave Its First Years A $20,000 Raise?

[mvp99]

Which Firm Just Gave Its First Years A $20,000 Raise?

If secondary markets are increasing salaries by that much then NYC ->190k is happening sooner than we expected.

[runthetrap1990]

Which Firm Just Gave Its First Years A $20,000 Raise?

[Anonymous User]

Latham offering voluntary buyouts to legal secretaries. I bet it's to free up $$ for NY TO 190

[rpupkin]

Which Firm Just Gave Its First Years A $20,000 Raise?

From the linked ATL article:

Honestly, the “NY to 190″ slogan seems like a distant memory now.

Mods: Please add the web site "abovethelaw.com" to the TLS Do Not Link Registry.

Any poster who links to abovethelaw.com shall be banned for one week. NY to 190 or die.

[Betharl]

Pay in a lot of secondary markets has crept up. You can get 115k and up in Midwestern secondaries (Columbus, Milwaukee, etc.). Given the COL differences (and some might say QOL differences) 160k in NYC is definitely low, even accounting for bigger NYC bonuses.

[bearsfan23]

Pay in a lot of secondary markets has crept up. You can get 115k and up in Midwestern secondaries (Columbus, Milwaukee, etc.). Given the COL differences (and some might say QOL differences) 160k in NYC is definitely low, even accounting for bigger NYC bonuses.

You'd have to pay me a lot more than $115k to live in Columbus. That place sucks

[rahulg91]

Pay in a lot of secondary markets has crept up. You can get 115k and up in Midwestern secondaries (Columbus, Milwaukee, etc.). Given the COL differences (and some might say QOL differences) 160k in NYC is definitely low, even accounting for bigger NYC bonuses.

You'd have to pay me a lot more than $115k to live in Columbus. That place sucks

Truth. You can get 115k in Detroit too, with Foley shattering @ 145k.

[Anonymous User]

Ropes shatters market with Columbus Day off.

[TLSModBot]

Ropes shatters market with Columbus Day off.

NY to 190 work days a year

[Pulsar]

Somebody post more poorly substantiated but plausible rumor. This silence is killing me and I want to believe.

[sprezz]

i sat next to a table of associates at a secondary for lunch today. 2 were arguing with 1 over whether a second year in NYC made $170 (the 1) or $210 (the 2). i am 80% sure i was the only person in the room who had ever seen this thread. it was amazing.

[MCFC]

Somebody post more poorly substantiated but plausible rumor. This silence is killing me and I want to believe.

I keep emailing partners asking them if they'd be willing to show me the ROPES but no responses yet. Should I be less subtle?

[Nekrowizard]

Somebody post more poorly substantiated but plausible rumor. This silence is killing me and I want to believe.

I keep emailing partners asking them if they'd be willing to show me the ROPES but no responses yet. Should I be less subtle?

When you're talking a partner casually hold up a piece of paper that says, in huge font, "NY TO 190" and gauge their reaction.

[rpupkin]

Somebody post more poorly substantiated but plausible rumor. This silence is killing me and I want to believe.

Look what you have wrought, Pulsar. I hope you're happy.

[SportsFan]

Just out of extreme, random curiosity, why is it always 190? Why can't NY go to 180 or 200?!

[rpupkin]

Just out of extreme, random curiosity, why is it always 190? Why can't NY go to 180 or 200?!

If you read all the posts in this thread, you'll have your answer.

[Anonymous User]

My seminar prof (partner at a firm in a major market) said something to the effect of "next summer, when you're all making $4,000 a week, make sure to take advantage of [local recommendation]."

[Anonymous User]

Would this professor happen to be a partner at the Ropes & Gray law firm?

[Anonymous User]

Would this professor happen to be a partner at the Ropes & Gray law firm?

It's one of the V30

[rpupkin]

Whoa...are you guys sitting down? Good. I just got off the phone with an old friend who is a junior partner in the NYC office of a firm that is highly rated by the esteemed "Vault" organization. Although the purpose of our call concerned a joint defense matter, we drifted to other topics. He told me that his firm will soon be raising billing rates. I asked why. The answer: "Because it's tough to keep PPP high while raising associate compensation."

Not flame.