This NY Magazine article on biglaw from 1999 could have been written in 2023... Forum

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Anonymous User
Posts: 428535
Joined: Tue Aug 11, 2009 9:32 am

Re: This NY Magazine article on biglaw from 1999 could have been written in 2023...

Post by Anonymous User » Thu Mar 09, 2023 6:19 pm

institutionalized wrote:
Thu Mar 09, 2023 4:58 pm
https://nymag.com/nymetro/news/crimelaw ... ndex2.html

The only thing missing is the rise of Kirkland.
Just up the partnership comp by 5x, rates by 5x and associate comp by barely 2x.

Anonymous User
Posts: 428535
Joined: Tue Aug 11, 2009 9:32 am

Re: This NY Magazine article on biglaw from 1999 could have been written in 2023...

Post by Anonymous User » Thu Mar 09, 2023 10:04 pm

Anonymous User wrote:
Thu Mar 09, 2023 6:19 pm
institutionalized wrote:
Thu Mar 09, 2023 4:58 pm
https://nymag.com/nymetro/news/crimelaw ... ndex2.html

The only thing missing is the rise of Kirkland.
Just up the partnership comp by 5x, rates by 5x and associate comp by barely 2x.
Not pushing back on the premise, but it's worth noting that associate comp has tracked with inflation. $114,500 in 1999 translates to $205,600 today, which is ~5% below the $215k firms currently pay first years. I think senior associate salaries have grown more relative to inflation. Of course, partner comp has increased much more relative to inflation.

Anonymous User
Posts: 428535
Joined: Tue Aug 11, 2009 9:32 am

Re: This NY Magazine article on biglaw from 1999 could have been written in 2023...

Post by Anonymous User » Thu Mar 09, 2023 10:12 pm

institutionalized wrote:
Thu Mar 09, 2023 4:58 pm
https://nymag.com/nymetro/news/crimelaw ... ndex2.html

The only thing missing is the rise of Kirkland.
Where are the big 2023 bonuses???

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