NYC to 200k Forum

[Anonymous User]

How quickly do firms realistically need to match in order to contend at OCI?

[Anonymous User]

How quickly do firms realistically need to match in order to contend at OCI?

As a rising 2L, I would say it won't affect my bid list because we expect most places to match. But if all the peer firms have matched and a specific firm hasn't it might matter - and it might matter come offer time.

[Anonymous User]

TX to $210k. Who's with me? Need to get to that upper-middle class status.

When you consider the savings that firms get in tx with lower overhead, lower taxes, etc., it is pretty ridiculous that tx associates don’t get paid more than somewhere expensive like sf/ny.

[nealric]

TX to $210k. Who's with me? Need to get to that upper-middle class status.

When you consider the savings that firms get in tx with lower overhead, lower taxes, etc., it is pretty ridiculous that tx associates don’t get paid more than somewhere expensive like sf/ny.

Billing rates are lower in Texas.

[Anonymous User]

TX to $210k. Who's with me? Need to get to that upper-middle class status.

When you consider the savings that firms get in tx with lower overhead, lower taxes, etc., it is pretty ridiculous that tx associates don’t get paid more than somewhere expensive like sf/ny.

Billing rates are lower in Texas.

Everything's smaller in Texas.

[Anonymous User]

TX to $210k. Who's with me? Need to get to that upper-middle class status.

When you consider the savings that firms get in tx with lower overhead, lower taxes, etc., it is pretty ridiculous that tx associates don’t get paid more than somewhere expensive like sf/ny.

Billing rates are lower in Texas.

K&E bills out Houston attorneys at same rates as their other offices.

[Anonymous User]

How quickly do firms realistically need to match in order to contend at OCI?

As a rising 2L, I would say it won't affect my bid list because we expect most places to match. But if all the peer firms have matched and a specific firm hasn't it might matter - and it might matter come offer time.

What you surely meant to say is that as a rising 2L, firms that are slow to match/beat Cravath's new base salary scale + bonuses will be greatly affected in your bid list because you have no way of knowing which of those firms will match/beat them after the fact.

I forgive the mistake.

[Anonymous User]

How quickly do firms realistically need to match in order to contend at OCI?

As a rising 2L, I would say it won't affect my bid list because we expect most places to match. But if all the peer firms have matched and a specific firm hasn't it might matter - and it might matter come offer time.

What you surely meant to say is that as a rising 2L, firms that are slow to match/beat Cravath's new base salary scale + bonuses will be greatly affected in your bid list because you have no way of knowing which of those firms will match/beat them after the fact.

I forgive the mistake.

Anon you responded to.

Yeah, no.

[LaLiLuLeLo]

How quickly do firms realistically need to match in order to contend at OCI?

As a rising 2L, I would say it won't affect my bid list because we expect most places to match. But if all the peer firms have matched and a specific firm hasn't it might matter - and it might matter come offer time.

What you surely meant to say is that as a rising 2L, firms that are slow to match/beat Cravath's new base salary scale + bonuses will be greatly affected in your bid list because you have no way of knowing which of those firms will match/beat them after the fact.

I forgive the mistake.

Anon you responded to.

Yeah, no.

No offer.

[Anonymous User]

TX to $210k. Who's with me? Need to get to that upper-middle class status.

When you consider the savings that firms get in tx with lower overhead, lower taxes, etc., it is pretty ridiculous that tx associates don’t get paid more than somewhere expensive like sf/ny.

Billing rates are lower in Texas.

Everything's smaller in Texas.

...other than the bank accounts. You know, if I were to buy another house and another car or two, I'd probably be down to middle class.

[EzraFitz]

How quickly do firms realistically need to match in order to contend at OCI?

As a rising 2L, I would say it won't affect my bid list because we expect most places to match. But if all the peer firms have matched and a specific firm hasn't it might matter - and it might matter come offer time.

What you surely meant to say is that as a rising 2L, firms that are slow to match/beat Cravath's new base salary scale + bonuses will be greatly affected in your bid list because you have no way of knowing which of those firms will match/beat them after the fact.

I forgive the mistake.

Anon you responded to.

Yeah, no.

Look up, you'll see the joke flying over your head.

[Anonymous User]

As a rising 2L, firms that are slow to match/beat Cravath's new base salary scale + bonuses will be greatly affected in my bid list because I have no way of knowing which of those firms will match/beat them after the fact.

[Anonymous User]

How quickly do firms realistically need to match in order to contend at OCI?

As a rising 2L, I would say it won't affect my bid list because we expect most places to match. But if all the peer firms have matched and a specific firm hasn't it might matter - and it might matter come offer time.

What you surely meant to say is that as a rising 2L, firms that are slow to match/beat Cravath's new base salary scale + bonuses will be greatly affected in your bid list because you have no way of knowing which of those firms will match/beat them after the fact.

I forgive the mistake.

Anon you responded to.

Yeah, no.

You're not even in biglaw. I'm sure you'll screw up OCI and won't be able to fuck with my raise then in the future.

Go back to law school.

[nealric]

TX to $210k. Who's with me? Need to get to that upper-middle class status.

When you consider the savings that firms get in tx with lower overhead, lower taxes, etc., it is pretty ridiculous that tx associates don’t get paid more than somewhere expensive like sf/ny.

Billing rates are lower in Texas.

K&E bills out Houston attorneys at same rates as their other offices.

I don't care with K&E does. When I'm hiring outside counsel, the Texas option is almost always cheaper on an hourly basis than someone in NYC or DC.

[Anonymous User]

As a rising 2L, firms that are slow to match/beat Cravath's new base salary scale + bonuses will be greatly affected in my bid list because I have no way of knowing which of those firms will match/beat them after the fact.

Different anon.

As a rising 2L, firms that are slow to match/beat Cravath's new base salary scale + bonuses will be greatly affected in my bid list because I have no way of knowing which of those firms will match/beat them after the fact.

[Anonymous User]

What you surely meant to say is that as a rising 2L, firms that are slow to match/beat Cravath's new base salary scale + bonuses will be greatly affected in your bid list because you have no way of knowing which of those firms will match/beat them after the fact.

I forgive the mistake.

Anon you responded to.

Yeah, no.

DPW seems like a great fit for you

[Anonymous User]

Okay - so to round up, a week after first raises occurred and a full day after CravaTTTh raised, a survey of our most profitable law firms by publicly available metrics:

Wachtell - heard nothing, wouldn't expect to.
Quinn - nothing
Kirkland - nothing
S&C - nothing
Gibson - nothing
Cahill - nothing
Milbank - first mover
Skadden - nothing
STB - Second mover, instituted special bonuses
Willkie - nothing
CravaTTTh - Third mover, lame attempt to one up more profitable, higher pre$tige Milbank
Paul Weiss - nothing
Fried Frank - nothing
Latham - nothing
Wilmer - nothing
Davis Polk - nothing
Boies - nothing
Debevoise - Matched CravaTTTh
Weil - nothing

Tomorrow someone goes to 200k. Book it.

[Anonymous User]

As a rising 2L, firms that are slow to match/beat Cravath's new base salary scale + bonuses will be greatly affected in my bid list because I have no way of knowing which of those firms will match/beat them after the fact.

Different anon.

As a rising 2L, firms that are slow to match/beat Cravath's new base salary scale + bonuses will be greatly affected in my bid list because I have no way of knowing which of those firms will match/beat them after the fact.

100% this is all the same person

[Anonymous User]

As a rising 2L, firms that are slow to match/beat Cravath's new base salary scale + bonuses will be greatly affected in my bid list because I have no way of knowing which of those firms will match/beat them after the fact.

Different anon.

As a rising 2L, firms that are slow to match/beat Cravath's new base salary scale + bonuses will be greatly affected in my bid list because I have no way of knowing which of those firms will match/beat them after the fact.

Different anon.

Firms that match indicate their potential to keep growing in the future, and the somewhat mid-future is what I care about most since it'll be 2-3 years (depending on whether I clerk) until I actually get paid. If they're hesitant about matching now, who knows how willing they'll match in the future.

Pls hurry.

[Anonymous User]

As a rising 2L, firms that are slow to match/beat Cravath's new base salary scale + bonuses will be greatly affected in my bid list because I have no way of knowing which of those firms will match/beat them after the fact.

Different anon.

As a rising 2L, firms that are slow to match/beat Cravath's new base salary scale + bonuses will be greatly affected in my bid list because I have no way of knowing which of those firms will match/beat them after the fact.

Different anon.

As a rising 2L, I'm gravely concerned about the health of firms that have to think twice about a quick match. I simply will not bid for them.

[Anonymous User]

As a rising 2L, firms that are slow to match/beat Cravath's new base salary scale + bonuses will be greatly affected in my bid list because I have no way of knowing which of those firms will match/beat them after the fact.

Different anon.

As a rising 2L, firms that are slow to match/beat Cravath's new base salary scale + bonuses will be greatly affected in my bid list because I have no way of knowing which of those firms will match/beat them after the fact.

Different anon.

As a rising 2L, I'm gravely concerned about the health of firms that have to think twice about a quick match. I simply will not bid for them.

Different anon from the different anons. Concur with all the different anons.

[Anonymous User]

TX to $210k. Who's with me? Need to get to that upper-middle class status.

When you consider the savings that firms get in tx with lower overhead, lower taxes, etc., it is pretty ridiculous that tx associates don’t get paid more than somewhere expensive like sf/ny.

Billing rates are lower in Texas.

K&E bills out Houston attorneys at same rates as their other offices.

I don't care with K&E does. When I'm hiring outside counsel, the Texas option is almost always cheaper on an hourly basis than someone in NYC or DC.

K&E’s Houston office has become one of the largest in Houston (right around top five in terms of number of attorneys), so as somebody who hires Texas biglaw counsel, maybe you should care and be a little more in tune with things.

[Anonymous User]

Okay - so to round up, a week after first raises occurred and a full day after CravaTTTh raised, a survey of our most profitable law firms by publicly available metrics:

Wachtell - heard nothing, wouldn't expect to.
Quinn - nothing
Kirkland - nothing
S&C - nothing
Gibson - nothing
Cahill - nothing
Milbank - first mover
Skadden - nothing
STB - Second mover, instituted special bonuses
Willkie - nothing
CravaTTTh - Third mover, lame attempt to one up more profitable, higher pre$tige Milbank
Paul Weiss - nothing
Fried Frank - nothing
Latham - nothing
Wilmer - nothing
Davis Polk - nothing
Boies - nothing
Debevoise - Matched CravaTTTh
Weil - nothing

Tomorrow someone goes to 200k. Book it.

Paul Hastings > Debevoise in terms of PPP. If they match, can probably expect all the big California firms to fall in line quickly.

[OneTwoThreeFour]

Okay - so to round up, a week after first raises occurred and a full day after CravaTTTh raised, a survey of our most profitable law firms by publicly available metrics:

Wachtell - heard nothing, wouldn't expect to.
Quinn - nothing
Kirkland - nothing
S&C - nothing
Gibson - nothing
Cahill - nothing
Milbank - first mover
Skadden - nothing
STB - Second mover, instituted special bonuses
Willkie - nothing
CravaTTTh - Third mover, lame attempt to one up more profitable, higher pre$tige Milbank
Paul Weiss - nothing
Fried Frank - nothing
Latham - nothing
Wilmer - nothing
Davis Polk - nothing
Boies - nothing
Debevoise - Matched CravaTTTh
Weil - nothing

Tomorrow someone goes to 200k. Book it.

Will eat a shoe if this doesn't happen.

[Anonymous User]

LMAO at the poster trying to attribute living in NYC as extra income in determining socioeconomic class.