NYC to 200k Forum
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Anonymous posting is only appropriate when you are revealing sensitive employment related information about a firm, job, etc. You may anonymously respond on topic to these threads. Unacceptable uses include: harassing another user, joking around, testing the feature, or other things that are more appropriate in the lounge.
Failure to follow these rules will get you outed, warned, or banned.
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- Posts: 67
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NYC to 200k
Firms are rolling in the dough and the top firms are busy as hell. Is this the summer we jump to 200k?
Rumors/analysis in this thread. Let's make it happen.
Rumors/analysis in this thread. Let's make it happen.
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Re: NYC to 200k
You think we go 190k first or would the next firm jump straight to 200k
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Re: NYC to 200k
10k jump is a slap in the face. What's Cravath/S&C's PPP this year? 210 seems more likely than 190
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Re: NYC to 200k
Increase bonuses not fixed costs. We are all better off that way
- ikethegremlin
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Re: NYC to 200k
y'all are hilarious. It's not even a full 2 years since we went to 180k, and it was at 160k for 10 years before that.
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- Posts: 67
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Re: NYC to 200k
And what was it before 160k? For how long?
That's right.
That's right.
- Sinatra
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Re: NYC to 200k
the answer to this for those who don't know?Love With The Coco wrote:And what was it before 160k? For how long?
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Re: NYC to 200k
If the economy doesn’t go into a recession I predict that base salary will go to $200k either next year or 2020.
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Re: NYC to 200k
a more sensible system would start increasing salaries at second and third years so that you aren't just juicing salaries for associates who are totally useless
- Johann
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- Joined: Wed Mar 12, 2014 4:25 pm
Re: NYC to 200k
Most firms are already having problems paying 180k. Eg see the baker McKenzie thread and jones day reluctance to match. There are maybe 10-15 firms that can afford a 200k firstborn year base. They might move, but we’d see a stratification almost assuredly.
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Re: NYC to 200k
Thats extra incentive for the big boys to move. Could eliminate much of their compensation.
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Re: NYC to 200k
Exactly (although I'll assume you mean competition) - the only reason firms raise salaries is because NYC firms have trouble recruiting and maintaining associates who would prefer to do the same thing without NYC taxes and COL. The fact that only 20-30 firms would match (and only in major offices) is precisely the reason to do so.Love With The Coco wrote:Thats extra incentive for the big boys to move. Could eliminate much of their compensation.
All that said, agree with the point about needed to raise midlevel and senior associate salaries much more than first or second year salaries.
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Re: NYC to 200k
Simpson moved to 160 in January, 2007, less than a year a year after Simpson had gone to 145 in February, 2006. Prior to then, starting salaries had been at 125 for about 5 years.Sinatra wrote:the answer to this for those who don't know?Love With The Coco wrote:And what was it before 160k? For how long?
A graph is here: https://abovethelaw.com/2017/03/could-b ... recession/
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