NY to 200k?! Forum

[Anonymous User]

Paul Weiss match.

[Anonymous User]

I think there's at least a 10% chance that Milbank ups to 210k once Deb/STB/etc match DPW.

[ExpOriental]

I think there's at least a 10% chance that Milbank ups to 210k once Deb/STB/etc match DPW.

There is a 0% chance of that happening.

[Anonymous User]

Delete. Premature post.

[Anonymous User]

S&C raised it to $145k back in the day and STB to $160k. Maybe one of them will have the balls to reclaim the throne?

[Idontwanttomakeaname]

I think there's at least a 10% chance that Milbank ups to 210k once Deb/STB/etc match DPW.

There is a 0% chance of that happening.

Yes, terrible take by our brave anon.

[Anonymous User]

Milbank is not going to essentially negotiate against themselves here. How would it look if they went up and over the new scale that THEY/market subsequently set? Looks bad, because it shows they could have done it in the first place but chose to go cheaper..

[Anonymous User]

PW matched at like 11pm. Odd time to do so, but there ya go.

[Yardbird]

Why are we calling it the DPW scale when other firms are paying the classes of 2020 and 2021 205K instead of 202.5L for 2021 and 205K for 2020?

I don’t think Cravath gets naming rights for bumping up stub years and summers. Headhunters are the ones that name the scale at the end of the day and they aren’t sending emails to law students or stub years fall associates.

[Anonymous User]

I think there's at least a 10% chance that Milbank ups to 210k once Deb/STB/etc match DPW.

They will not do that.

[Anonymous User]

Recent posters actually make a great point that DPW is ironically now below scale re: summers and 1st years LMAO

Any chance that DPW and other DPW matchers eliminate the weird 202.5K stub year thing now that Cravath (and I think Skadden) both start at 205K? Or is that too minor to warrant the embarrassment of a new announcement?

[JM14]

Recent posters actually make a great point that DPW is ironically now below scale re: summers and 1st years LMAO

Any chance that DPW and other DPW matchers eliminate the weird 202.5K stub year thing now that Cravath (and I think Skadden) both start at 205K? Or is that too minor to warrant the embarrassment of a new announcement?

Where are we getting that Skadden and CSM are paying stubs 205? Did they include 2021 in their memos? I only saw 2020 class at 205. The argument can be made that they actually aren't including stubs in the raise and they will still be at 190k. Otherwise why wouldn't they have been explicit?

[Anonymous User]

Recent posters actually make a great point that DPW is ironically now below scale re: summers and 1st years LMAO

Any chance that DPW and other DPW matchers eliminate the weird 202.5K stub year thing now that Cravath (and I think Skadden) both start at 205K? Or is that too minor to warrant the embarrassment of a new announcement?

Where are we getting that Skadden and CSM are paying stubs 205? Did they include 2021 in their memos? I only saw 2020 class at 205. The argument can be made that they actually aren't including stubs in the raise and they will still be at 190k. Otherwise why wouldn't they have been explicit?

The full CSM memo posted on ATL says: “Summer Associate salaries will also be increased to match the class of 2020, effective July 1.” Can’t imagine that CSM is bumping summers up to $205K but keeping stubs at $202.5K (or $190K lol).

[Anonymous User]

Is it 100% that the early movers will match the 205?

[Anonymous User]

Alright, the NY/V10 drama is pretty much over. Time for those of us in V20-50 to start sweating.

[JM14]

Recent posters actually make a great point that DPW is ironically now below scale re: summers and 1st years LMAO

Any chance that DPW and other DPW matchers eliminate the weird 202.5K stub year thing now that Cravath (and I think Skadden) both start at 205K? Or is that too minor to warrant the embarrassment of a new announcement?

Where are we getting that Skadden and CSM are paying stubs 205? Did they include 2021 in their memos? I only saw 2020 class at 205. The argument can be made that they actually aren't including stubs in the raise and they will still be at 190k. Otherwise why wouldn't they have been explicit?

The full CSM memo posted on ATL says: “Summer Associate salaries will also be increased to match the class of 2020, effective July 1.” Can’t imagine that CSM is bumping summers up to $205K but keeping stubs at $202.5K (or $190K lol).

I guess that makes sense. Also consistent with 190k raise memo

https://abovethelaw.com/2018/06/cravath ... ssociates/

However, I think it is odd this time when other firms have distinguished between stubs and 1st years not to be explicit. I feel like they'd have an incentive to make it clear given it is still a raise in the market albeit a minor one. Also I didn't see Skadden specify summers which seems odd to me.

[Anonymous User]

Recent posters actually make a great point that DPW is ironically now below scale re: summers and 1st years LMAO

Any chance that DPW and other DPW matchers eliminate the weird 202.5K stub year thing now that Cravath (and I think Skadden) both start at 205K? Or is that too minor to warrant the embarrassment of a new announcement?

Where are we getting that Skadden and CSM are paying stubs 205? Did they include 2021 in their memos? I only saw 2020 class at 205. The argument can be made that they actually aren't including stubs in the raise and they will still be at 190k. Otherwise why wouldn't they have been explicit?

The full CSM memo posted on ATL says: “Summer Associate salaries will also be increased to match the class of 2020, effective July 1.” Can’t imagine that CSM is bumping summers up to $205K but keeping stubs at $202.5K (or $190K lol).

I guess that makes sense. Also consistent with 190k raise memo

https://abovethelaw.com/2018/06/cravath ... ssociates/

However, I think it is odd this time when other firms have distinguished between stubs and 1st years not to be explicit. I feel like they'd have an incentive to make it clear given it is still a raise in the market albeit a minor one. Also I didn't see Skadden specify summers which seems odd to me.

Skadden's summer pay is now raised to 3900/week which is consistent with a 202.5k salary.

[Anonymous User]

Alright, the NY/V10 drama is pretty much over. Time for those of us in V20-50 to start sweating.

Seems like the realistic focus here rather than waiting for a hero to re-raise the scale (not happening). Let’s see which of the firms on the margin match first.

[Anonymous User]

Recent posters actually make a great point that DPW is ironically now below scale re: summers and 1st years LMAO

Any chance that DPW and other DPW matchers eliminate the weird 202.5K stub year thing now that Cravath (and I think Skadden) both start at 205K? Or is that too minor to warrant the embarrassment of a new announcement?

Where are we getting that Skadden and CSM are paying stubs 205? Did they include 2021 in their memos? I only saw 2020 class at 205. The argument can be made that they actually aren't including stubs in the raise and they will still be at 190k. Otherwise why wouldn't they have been explicit?

The full CSM memo posted on ATL says: “Summer Associate salaries will also be increased to match the class of 2020, effective July 1.” Can’t imagine that CSM is bumping summers up to $205K but keeping stubs at $202.5K (or $190K lol).

I guess that makes sense. Also consistent with 190k raise memo

https://abovethelaw.com/2018/06/cravath ... ssociates/

However, I think it is odd this time when other firms have distinguished between stubs and 1st years not to be explicit. I feel like they'd have an incentive to make it clear given it is still a raise in the market albeit a minor one. Also I didn't see Skadden specify summers which seems odd to me.

Skadden's summer pay is now raised to 3900/week which is consistent with a 202.5k salary.

Do you know if Skadden’s raise includes it’s Satellite offices like London?

[2013]

Alright, the NY/V10 drama is pretty much over. Time for those of us in V20-50 to start sweating.

Seems like the realistic focus here rather than waiting for a hero to re-raise the scale (not happening). Let’s see which of the firms on the margin match first.

I think we have to go deeper down the list.

In the V20-V50 range, only Williams & Connolly, K&L and maybe Hogan don’t match.

[clerk2020]

I know this has been asked but bumping for any thoughts on when lit boutiques (think susman/KH, etc) will match or whether they will just add to the above market bonuses?

[Anonymous User]

Do you know if Skadden’s raise includes it’s Satellite offices like London?

Eric's email was sent to "all associates" so I would assume so... I know my friends in other US Skadden satellites got the raise.

[Definitely Not North]

Are we talking about, what, $300 all in after taxes w/r/t stub matches? Just expense a few dinners to catch up

[PBRonTap]

Goodwin is not breaking the cartel's new selected scale LMAOOOO - stop deluding yourself jesus. It's be this scale for 18 months then go up again in the exact same process.

For salaries, yes. Just waitin on those end-of-year bonus wars.

[Anonymous User]

I know this has been asked but bumping for any thoughts on when lit boutiques (think susman/KH, etc) will match or whether they will just add to the above market bonuses?

KH was already above market, but raised on Tuesday