NYC to 200k Forum

[Anonymous User]

What V100 firms haven't matched yet?

I doubt most firms in the V51-100 range will match anytime soon.

[Anonymous User]

What V100 firms haven't matched yet?

I doubt most firms in the V51-100 range will match anytime soon.

Vault is not the right ranking. It lines up much more closely to profits per partner.

[Anonymous User]

Dear Boies Schiller,

You are now the highest PPP firm not to have matched. Given the K&S rumors, the next firm by PPP, Cadwalader (wtf that is), has a PPP $700k less than you. There is a mid-law firm's worth of PPP between you and the next guy. You sell yourself as above market. So respectfully, FUCKING MATCH ALREADY.

UPDATE: The gap between BSF and the next most shameful firm (WilmerFail) is now over $1 million in PPP. BSF's PPP is almost double that of firms that have matched. BSFail

[Anonymous User]

Dear Boies Schiller,

You are now the highest PPP firm not to have matched. Given the K&S rumors, the next firm by PPP, Cadwalader (wtf that is), has a PPP $700k less than you. There is a mid-law firm's worth of PPP between you and the next guy. You sell yourself as above market. So respectfully, FUCKING MATCH ALREADY.

UPDATE: The gap between BSF and the next most shameful firm (WilmerFail) is now over $1 million in PPP. BSF's PPP is almost double that of firms that have matched. BSFail

So pleb

[Anonymous User]

Dear Boies Schiller,

You are now the highest PPP firm not to have matched. Given the K&S rumors, the next firm by PPP, Cadwalader (wtf that is), has a PPP $700k less than you. There is a mid-law firm's worth of PPP between you and the next guy. You sell yourself as above market. So respectfully, FUCKING MATCH ALREADY.

UPDATE: The gap between BSF and the next most shameful firm (WilmerFail) is now over $1 million in PPP. BSF's PPP is almost double that of firms that have matched. BSFail

So pleb

There was a lot of discontent about the compensation formula results at the end of 2017. Partners said a few months ago that they were reviewing the formula. So my hope is that the past FOUR WEEKS of silence is due to a total recalculation of the formula as well as a match to market.

That's my desperate rationalization and shred of hope anyway.

[Anonymous User]

Dear Boies Schiller,

You are now the highest PPP firm not to have matched. Given the K&S rumors, the next firm by PPP, Cadwalader (wtf that is), has a PPP $700k less than you. There is a mid-law firm's worth of PPP between you and the next guy. You sell yourself as above market. So respectfully, FUCKING MATCH ALREADY.

UPDATE: The gap between BSF and the next most shameful firm (WilmerFail) is now over $1 million in PPP. BSF's PPP is almost double that of firms that have matched. BSFail

So pleb

There was a lot of discontent about the compensation formula results at the end of 2017. Partners said a few months ago that they were reviewing the formula. So my hope is that the past FOUR WEEKS of silence is due to a total recalculation of the formula as well as a match to market.

That's my desperate rationalization and shred of hope anyway.

Sounds like you work there. No word whatsoever from partners? Are they at least aware all their peer firms have moved significantly ahead of them in salary? What about the summer associates? As of this coming Monday they will be underpaid relative to their friends at all other firms

[Anonymous User]

Sounds like you work there. No word whatsoever from partners? Are they at least aware all their peer firms have moved significantly ahead of them in salary? What about the summer associates? As of this coming Monday they will be underpaid relative to their friends at all other firms

I'm not a Boies associate, but from WH, and can confirm that no official word whatsoever, and whatever unofficial word has been distinctly unhelpful and not promising. I'm sure they are aware of the shift in the market, but at the moment they show little above disinterest.

[Anonymous User]

What if my firm thought they announced but someone didn't press send on the email...

[Anonymous User]

Sounds like you work there. No word whatsoever from partners? Are they at least aware all their peer firms have moved significantly ahead of them in salary? What about the summer associates? As of this coming Monday they will be underpaid relative to their friends at all other firms

I'm not a Boies associate, but from WH, and can confirm that no official word whatsoever, and whatever unofficial word has been distinctly unhelpful and not promising. I'm sure they are aware of the shift in the market, but at the moment they show little above disinterest.

I was going to be starting as an associate in the fall. I guess I should start looking elsewhere before then

[Anonymous User]

Sounds like you work there. No word whatsoever from partners? Are they at least aware all their peer firms have moved significantly ahead of them in salary? What about the summer associates? As of this coming Monday they will be underpaid relative to their friends at all other firms

I'm not a Boies associate, but from WH, and can confirm that no official word whatsoever, and whatever unofficial word has been distinctly unhelpful and not promising. I'm sure they are aware of the shift in the market, but at the moment they show little above disinterest.

What is the “unofficial word” there?

[Anonymous User]

Sounds like you work there. No word whatsoever from partners? Are they at least aware all their peer firms have moved significantly ahead of them in salary? What about the summer associates? As of this coming Monday they will be underpaid relative to their friends at all other firms

I'm not a Boies associate, but from WH, and can confirm that no official word whatsoever, and whatever unofficial word has been distinctly unhelpful and not promising. I'm sure they are aware of the shift in the market, but at the moment they show little above disinterest.

What is the “unofficial word” there?

That raises and bonuses aren’t coming and the firm will do some hand waving about how they’ll make it up to us later.

[Anonymous User]

Sounds like you work there. No word whatsoever from partners? Are they at least aware all their peer firms have moved significantly ahead of them in salary? What about the summer associates? As of this coming Monday they will be underpaid relative to their friends at all other firms

I'm not a Boies associate, but from WH, and can confirm that no official word whatsoever, and whatever unofficial word has been distinctly unhelpful and not promising. I'm sure they are aware of the shift in the market, but at the moment they show little above disinterest.

What is the “unofficial word” there?

That raises and bonuses aren’t coming and the firm will do some hand waving about how they’ll make it up to us later.

That would be pretty surprising. As someone at a smaller Boston firm, WH failing to match Ropes and Goodwin seems hard to believe. I always think of them as being on the same level.

[Anonymous User]

Sounds like you work there. No word whatsoever from partners? Are they at least aware all their peer firms have moved significantly ahead of them in salary? What about the summer associates? As of this coming Monday they will be underpaid relative to their friends at all other firms

I'm not a Boies associate, but from WH, and can confirm that no official word whatsoever, and whatever unofficial word has been distinctly unhelpful and not promising. I'm sure they are aware of the shift in the market, but at the moment they show little above disinterest.

What is the “unofficial word” there?

That raises and bonuses aren’t coming and the firm will do some hand waving about how they’ll make it up to us later.

That would be pretty surprising. As someone at a smaller Boston firm, WH failing to match Ropes and Goodwin seems hard to believe. I always think of them as being on the same level.

Anon you quoted. Sorry, was reading through the thread too fast. Was talking about Boies.

[Anonymous User]

WH currently #23 on Vault for compensation...

[Anonymous User]

I am currently pending for a lateral position, about a week out after a third interview, at one of the firms that just matched within the last couple days. Very favorable feedback during and after the interview.

What are the chances that a reluctant match could affect a lateral’s candidacy (ie belt tightening)?

FWIW it’s been a bit over a week and I haven’t heard anything.

Relatedly, what are the chances that this firmwide raise could affect how quickly they get back to me?

[Anonymous User]

Sounds like you work there. No word whatsoever from partners? Are they at least aware all their peer firms have moved significantly ahead of them in salary? What about the summer associates? As of this coming Monday they will be underpaid relative to their friends at all other firms

I'm not a Boies associate, but from WH, and can confirm that no official word whatsoever, and whatever unofficial word has been distinctly unhelpful and not promising. I'm sure they are aware of the shift in the market, but at the moment they show little above disinterest.

What is the “unofficial word” there?

That raises and bonuses aren’t coming and the firm will do some hand waving about how they’ll make it up to us later.

That would be pretty surprising. As someone at a smaller Boston firm, WH failing to match Ropes and Goodwin seems hard to believe. I always think of them as being on the same level.

Anon you quoted. Sorry, was reading through the thread too fast. Was talking about Boies.

We may want to give BSF a little more time before casting them out. In order to increase compensation, the firm has to upgrade the entire compensation formula for associates - which, I take it, is more involved than assigning what peer firms are doing. Word of mouth is that members of the partner committee that decides these things are actively working on it

[Anonymous User]

With King & Spalding raising, the rest of the big AmLaw 100 Atlanta firms have to raise IMO or are doomed to fall behind K&S forever. K&S already has the top reputation in ATL and everyone will surely fall behind them in terms of recruiting if the rest don't also have competitive salaries. I expect Alston, Kilpatrick, Troutman, etc. to follow suit and raise soon...but who knows.

[Anonymous User]

With King & Spalding raising, the rest of the big AmLaw 100 Atlanta firms have to raise IMO or are doomed to fall behind K&S forever. K&S already has the top reputation in ATL and everyone will surely fall behind them in terms of recruiting if the rest don't also have competitive salaries. I expect Alston, Kilpatrick, Troutman, etc. to follow suit and raise soon...but who knows.

In 2016, K&S raised on June 17. A&B followed on June 20, Kilpatrick on June 30 and Troutman on July 1.

[Anonymous User]

i can't believe we are onto discussing with Atlanta firms are going to do, when we're still waiting on WilmerFAIL.

I haven't seen a more pitiful "top 20 player" since Anna Kournikova.

[Anonymous User]

Fragomen has nearly $2M in PPP? That's news to me.

Anyone know what compensation is like there? I can't imagine it is at or near market.

[Anonymous User]

With King & Spalding raising, the rest of the big AmLaw 100 Atlanta firms have to raise IMO or are doomed to fall behind K&S forever. K&S already has the top reputation in ATL and everyone will surely fall behind them in terms of recruiting if the rest don't also have competitive salaries. I expect Alston, Kilpatrick, Troutman, etc. to follow suit and raise soon...but who knows.

There are fewer biglaw SA positions in all of Atlanta than in Skadden’s New York office. The Atlanta firms could probably cut salaries and fill their classes with kids from Duke, UVA, and Vanderbilt without ever having to touch UGA or Emory. So doubt the salary movement affects ATL recruiting at all.

[Anonymous User]

Fragomen has nearly $2M in PPP? That's news to me.

Anyone know what compensation is like there? I can't imagine it is at or near market.

It’s that leverage. I want to at Fragomen probably has like 7 associates/staff attorneys per partner.

Also, Fragomen is garbage. It had a partnership with my law school that gave like 13 students credit instead of $ to work for it during its busy season. And some summered there and none got offers.

As to your second question, when NY was 160, Fragomen NY was 125 (at least for law clerks) and 100 for staff attorneys.

[Anonymous User]

WH currently #23 on Vault for compensation...

Firm management seems completely oblivious to the hit this has had on already less than stellar associate morale.

[Anonymous User]

WH currently #23 on Vault for compensation...

Firm management seems completely oblivious to the hit this has had on already less than stellar associate morale.

Meh. As long as they match today (w/ bonus) I would call this a minor annoyance that I'll forget about in 6 months.

[Anonymous User]

Thanks for your chart NakedPowerOrgan. Am I the only one who has never heard of Fish & Richardson and Fragomen?