NYC to 200k Forum

[Anonymous User]

do they even pay market annual bonuses

[Anonymous User]

do they even pay market annual bonuses

No, and they were below market before going to 160 I think the year everyone went to 180 (they then went to 180). They ain't doin this shit.

[Anonymous User]

https://abovethelaw.com/2018/06/legenda ... -salaries/

Safe to assume no bonuses here? Also confused by the references to the Milbank versus Cravath scale - do I remember correctly that Milbank raised, Cravath increased, and Milbank has been silent since?

At another "women-led boutique" so a bit curous about Kaplan's move...

[Anonymous User]

At another "women-led boutique" so a bit curous about Kaplan's move...

NOBONUS. So the "pay gap" is real folks.

[Anonymous User]

C'mon Uncle Morgan and Daddy Lewis. You say you want to compensate at the top of the market...

[Anonymous User]

Come on Norton Rose Fulbright...lol

[Anonymous User]

Come on The Law Offices of Frederick Smith & Assocs. US LLP

[Anonymous User]

[Anonymous User]

Any chance big firms in Chicago will match I.e Sidley, Mayer Brown, etc.?

[Anonymous User]

Any chance big firms in Chicago will match I.e Sidley, Mayer Brown, etc.?

I wouldn't be surprised if there is some market bifurcation but I'd bet those two will match. Especially as Kirkland has 700 Chicago attorneys that just got a raise

[Anonymous User]

Has White & Castle matched yet, I'm starving

[Anonymous User]

Has White & Castle matched yet, I'm starving

If you work there, you'd know before anyone here does.

[Anonymous User]

Any chance big firms in Chicago will match I.e Sidley, Mayer Brown, etc.?

I wouldn't be surprised if there is some market bifurcation but I'd bet those two will match. Especially as Kirkland has 700 Chicago attorneys that just got a raise

Yeah, zero chance that Sidley does not match, as it clings dearly to its oft-repeated tagline that it and K&E are the “Big 2” in Chicago. Mayer Brown would probably love to not match, but Winston matching Milbank (and presumably matching Cravath in time) will put the heat on since MB considers themselves equals of Winston. I can see the McDermott / Baker McKenzie / Katten tier either not match or not fully match. There will probably be a lot of pressure though because it’s likely that much more profitable firms with smaller Chicago outposts (e.g. Paul Hastings, Ropes, Proskauer) will match Cravath.

[Anonymous User]

Any word from NYC firms with over $2mil PPP?

[Anonymous User]

Any word from NYC firms with over $2mil PPP?

Ya, bunch of 'em

[Anonymous User]

[Anonymous User]

Any word from NYC firms with over $2mil PPP?

Ya, bunch of 'em

15 of the 38 firms over $2mil PPP (according to the 2018 Am Law 100) it looks like.

[Anonymous User]

I don't understand how Jones Day has managed to stay relevant with its black box compensation model. Sure they should be able to recruit some first-years who didn't do enough research and saw that they pay market, but how on earth are there any mid-level or senior associates still working at that firm? I also assume that they not many laterals come into the firm aside from those finishing up clerkships because I've heard they get a pretty sweet deal actually

Presumably because those mid-level or senior associates know what the standard salary scale is, so even though their compensation is black box they know if they're being compensated equally or better than the market.

this only makes sense if all of their mid levels are being paid at or above market, which obviously they are not

There's a few reasons I see:

Raises at JD come in June, not January like other firms. So you actually move up in class year about 6 months before everyone else. This makes it harder to compare yourself with the market.

Some midlevels/seniors are paid hugeee salaries. The JD associate who joined the Trump administration last year disclosed an 800k salary from JD.

Some people, like myself, prefer salary over bonus and are willing to take less total comp for predictability. THere's less games to play, you odn't have to work about leaving money on the table. I don't work at JD but I lateraled last year to big fed from a peer firm and it was huge headache trying to line up my exit to make sure I got my year end bonus. After going thorugh that, I can really appreciate just getting paid straight salary.

This is credited. Other reasons are that some people like the Jones Day culture, and the firm makes a lot more partners than other big law firms.

[Anonymous User]

Any word on US offices of magic circle firms?

[Anonymous User]

Any word from NYC firms with over $2mil PPP?

Has to be a troll.

Any word on US offices of magic circle firms?

Oh yeah cuz people have been following this forum and just now are deciding to say something because you asked. Just read the damn thread.

[Anonymous User]

Any word from NYC firms with over $2mil PPP?

Has to be a troll.

Any word on US offices of magic circle firms?

Oh yeah cuz people have been following this forum and just now are deciding to say something because you asked. Just read the damn thread.

looks like someones got tittys in need of calming

[Anonymous User]

Any word from NYC firms with over $2mil PPP?

Has to be a troll.

Any word on US offices of magic circle firms?

Oh yeah cuz people have been following this forum and just now are deciding to say something because you asked. Just read the damn thread.

looks like someones got tittys in need of calming

In what weird upside-down forum world does calling out trolls and asking people to read before asking draw criticism? Maybe people are right about TLS going downhill...

[Anonymous User]

Any word from NYC firms with over $2mil PPP?

Has to be a troll.

Any word on US offices of magic circle firms?

Oh yeah cuz people have been following this forum and just now are deciding to say something because you asked. Just read the damn thread.

looks like someones got tittys in need of calming

In what weird upside-down forum world does calling out trolls and asking people to read before asking draw criticism? Maybe people are right about TLS going downhill...

A world where this thread is such a hilariously off topic mess that asking anyone to read the past thirty pages of hookers, discussion of the poverty rate and coming revolution, and firm smack talk by law students, to find actual news is objectively unreasonable.

[Anonymous User]

Any word from NYC firms with over $2mil PPP?

Has to be a troll.

Any word on US offices of magic circle firms?

Oh yeah cuz people have been following this forum and just now are deciding to say something because you asked. Just read the damn thread.

looks like someones got tittys in need of calming

In what weird upside-down forum world does calling out trolls and asking people to read before asking draw criticism? Maybe people are right about TLS going downhill...

A world where this thread is such a hilariously off topic mess that asking anyone to read the past thirty pages of hookers, discussion of the poverty rate and coming revolution, and firm smack talk by law students, to find actual news is objectively unreasonable.

sry. would read but lighting bad in bodega rt now.

[Anonymous User]

Is today the day that the rest of the ~V30 start to fall into line or are we looking at another week of consideration before we hear? I'm thinking we'll get a flood today since bid lists are due soon.