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Delaware to $160k
Posted: Mon Dec 14, 2015 10:09 pm
by Anonymous User
It's already happened at one firm
Re: Delaware to $160k
Posted: Mon Dec 14, 2015 10:15 pm
by Anonymous User
RLF
Re: Delaware to $160k
Posted: Mon Dec 14, 2015 10:19 pm
by Anonymous User
they should be paying more to persuade people to live in the hell hole that is wilmington
Re: Delaware to $160k
Posted: Mon Dec 14, 2015 10:22 pm
by Anonymous User
Not RLF
Re: Delaware to $160k
Posted: Mon Dec 14, 2015 10:25 pm
by Anonymous User
Re: Delaware to $160k
Posted: Mon Dec 14, 2015 10:26 pm
by Anonymous User
Anonymous User wrote:It's already happened at one firm
Anonymous User wrote:RLF
Assuming flame or reference to Skadden, but had to make sure because #to160krumors
Re: Delaware to $160k
Posted: Mon Dec 14, 2015 10:27 pm
by Anonymous User
Holy crap
Re: Delaware to $160k
Posted: Mon Dec 14, 2015 10:44 pm
by Hutz_and_Goodman
NYC is going to be forced to 190 by firms in places like Wilmington paying 160
Re: Delaware to $160k
Posted: Mon Dec 14, 2015 10:53 pm
by monsterman
yeah the buying power difference between wilmington and nyc is crazy
Re: Delaware to $160k
Posted: Mon Dec 14, 2015 10:55 pm
by barkschool
Hutz_and_Goodman wrote:NYC is going to be forced to 190 by firms in places like Wilmington paying 160
How much would it make u to flock to Wilmington tho?
Re: Delaware to $160k
Posted: Mon Dec 14, 2015 11:04 pm
by Anonymous User
As a soon-to-be summer at a wilmington firm, I was hoping the potential increase in NY would increase wilmington firm salaries. Didn't expect it to just happen in wilmington first.
Re: Delaware to $160k
Posted: Mon Dec 14, 2015 11:07 pm
by Anonymous User
barkschool wrote:Hutz_and_Goodman wrote:NYC is going to be forced to 190 by firms in places like Wilmington paying 160
How much would it make u to flock to Wilmington tho?
$225k starting I would consider it
Re: Delaware to $160k
Posted: Mon Dec 14, 2015 11:08 pm
by Anonymous User
Kind of absolutely regretting cancelling my callback at Morris Nichols to accept my NY firm offer.
Re: Delaware to $160k
Posted: Mon Dec 14, 2015 11:09 pm
by geraffe
What are the odds this will influence the other "big 4" firms, I wonder...
Re: Delaware to $160k
Posted: Mon Dec 14, 2015 11:11 pm
by Anonymous User
geraffe wrote:What are the odds this will influence the other "big 4" firms, I wonder...
I'm not sure about RLF, but Potter and Young might actually have financial qualms about matching this. That's a not-insignificant bump.
DFTHREAD
Posted: Mon Dec 14, 2015 11:19 pm
by Desert Fox
Re: Delaware to $160k
Posted: Mon Dec 14, 2015 11:20 pm
by geraffe
Anonymous User wrote:geraffe wrote:What are the odds this will influence the other "big 4" firms, I wonder...
I'm not sure about RLF, but Potter and Young might actually have financial qualms about matching this. That's a not-insignificant bump.
True. Honestly I still think $145k is quite generous considering COL in DE is far less than in NY.
Re: Delaware to $160k
Posted: Mon Dec 14, 2015 11:25 pm
by Anonymous User
is this for the fall 2016 starts?
Re: Delaware to $160k
Posted: Mon Dec 14, 2015 11:27 pm
by Anonymous User
Anonymous User wrote:is this for the fall 2016 starts?
"[E]ffective January 1, 2016."
Source
Re: Delaware to $160k
Posted: Mon Dec 14, 2015 11:42 pm
by rahulg91
Kind of related, I've been hearing that NY biglaw gets the best deals in the country because that's where the major deals happen. This makes sense. But in a world where e-mail and the internet exist, is this still true? Is the "best" transactional work still being done in NY? With offices in Dallas, Houston, Chicago, and Philadelphia paying $160k, what's the real benefit of NY biglaw other than the "headline" cases?
Re: Delaware to $160k
Posted: Tue Dec 15, 2015 12:01 am
by Anonymous User
Anonymous User wrote:geraffe wrote:What are the odds this will influence the other "big 4" firms, I wonder...
I'm not sure about RLF, but Potter and Young might actually have financial qualms about matching this. That's a not-insignificant bump.
Do they actually have lower PPP than RLF and MNAT
Re: Delaware to $160k
Posted: Tue Dec 15, 2015 12:09 am
by kaiser
Hutz_and_Goodman wrote:NYC is going to be forced to 190 by firms in places like Wilmington paying 160
No it won't. Unless and until top candidates start turning down NY in favor of Wilmington, the bump in DE will have no effect on NY
Re: Delaware to $160k
Posted: Tue Dec 15, 2015 12:56 am
by Anonymous User
Oh shit maybe I shouldn't have turned down my DE offer. Granted it was Young Conaway. NYC needs to go up to 190k asap.
Re: Delaware to $160k
Posted: Tue Dec 15, 2015 1:23 am
by Anonymous User
I'm legit hitting Philly and DE hard as a 3L. I'd prefer to live in nyc but I've got loans to pay and both of those cities are cheap and more tax favourable.
Re: Delaware to $160k
Posted: Tue Dec 15, 2015 1:33 am
by Anonymous User
I got hired as a 3L by one of the big four without SA there (or anywhere). Extremely excited with this new development.