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Biglaw salary increases
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Date: February 10th, 2006 3:14 PM Author: rose odious ape If anyone wants to compile a list of which firms have recently raised salaries, by how much, in which markets, etc. we'll sticky it, or if it's extensive enough give it its own section on the site. (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5048666) |
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Date: February 10th, 2006 5:43 PM Author: Marvelous Field Idiot Is there really any doubt that eventually every firm in every city that currently pays market will be paying 145,000, even if some are hesitant at first? Clearly, a firm that considers itself competitive is not going to suddenly pay 10-20,000 less than other firms in the cities-that would have a huge impact on recruiting. It just seems silly that people (on monkeyscribe or ga) are talking about transferring to firms that pay 145,000. Clearly, if you work for a firm that currently pays market, it is overwhelmingly likely that you will also soon be paid $145,000 (or more, I suppose, if someone re-raises). (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5050354) |
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Date: May 23rd, 2006 4:31 AM Author: Bat-shit-crazy Kitchen RATE HER:
http://i37.photobucket.com/albums/e90/rubystar17/Geoffandjess2.jpg |
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Date: May 23rd, 2006 4:32 AM Author: Bat-shit-crazy Kitchen WHITE GIRLS WITH ASIAN GUYS (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5836851) |
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Date: May 25th, 2006 2:50 PM Author: vigorous cerise sound barrier She's a fuggle. (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5852059) |
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Date: May 26th, 2006 4:06 AM Author: Bat-shit-crazy Kitchen RATE HER
http://img210.imageshack.us/my.php?image=1ast3vd.jpg |
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Date: February 11th, 2006 3:11 AM Author: dashing site skinny woman This guy (hiring partner) seems to be pretty upset about the salary bumps:
http://www.xoxohth.com/thread.php?thread_id=357576&mc=319&forum_id=2 |
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Date: February 14th, 2006 4:30 AM Author: flirting wonderful dopamine pwned (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5083008) |
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Date: February 14th, 2006 5:53 PM Author: misanthropic legend (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5087326) |
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Date: February 14th, 2006 5:53 PM Author: misanthropic legend (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5087327) |
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Date: February 11th, 2006 1:42 PM Author: galvanic thirsty haunted graveyard laser beams Here's the current list:
Firms announcing bump to $135K
Akin Gump* Kirkland* Covington* Jenner & Block* Sidley Austin Brown & Wood Hogan & Hartson Dickstein Shapiro Morin & Oshinsky DLA Piper Rudnick Gray Cary Finnegan, Henderson, Farabow, Garrett & Dunner Morrison & Foerster Manatt, Phelps & Phillips Heller Ehrman Mayer Brown Paul Hastings Latham & Watkins OÂ’Melveny & Myers Sheppard Mullin Cooley Godward
Firms announcing bump to $145K
Davis Polk & Wardwell Milbank, Tweed, Hadley & McCloy Simpson Thacher & Bartlett Sullivan & Cromwell Paul Weiss* Cahill Gordon* Covington (NY)* Greenburg Traurig (NY)* Kirkland(NY)* Paul Hastings (NY)* Akin Gump (NY)* Latham (NY)*
*Additions to the Chart
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Date: February 11th, 2006 5:58 PM Author: Splenetic bipolar keepsake machete clown So unless stated otherwise, these raises are nationwide for the firm? Also, will all of these raises be reflected as an increased summer salary for every firm? (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5059251) |
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Date: February 11th, 2006 6:50 PM Author: galvanic thirsty haunted graveyard laser beams For the most part, they appear to be nationwide.
I have no idea whether summers will get a pay boost, but I wouldn't doubt it. |
Date: February 10th, 2006 3:20 PM Author: Pale space LA Offices
Starting salaries
145k - Sullivan, Simpson, Milbank, LeBoeuf, Dewey, Skadden, Quinn, White & Case, Susman Godfrey 140k - Fulbright 135k - Irell, Munger, Gibson, O'Melveny, Paul Hastings, DLA Piper, Sheppard Mullin, Latham, MoFo, Manatt, Sidley, Kirkland, Sonnenschein, Orrick, Heller Ehrman, Proskauer, Morgan Lewis, Pillsbury, Thelen, Bingham, Foley, Katten Muchin, Bryan Cave, Jones Day, Christensen Miller
* 135k firms lag 145k firms by 15k or more after the first or second year, except for Kirkland, Proskauer, Latham, and Gibson (10k difference for all years)
Summer salaries (no longer updating this, see nalpdirectory.com)
2800 - Skadden 2788* - Simpson, Sullivan, Dewey, Milbank, White & Case, LeBoeuf 2600 - O'Melveny, Foley, Quinn, Latham, Gibson, Irell 2596 - Proskauer, Jones Day** 2590 - Paul Hastings
* See this post on why $2788 salaries are actually less: http://www.xoxohth.com/thread.php?thread_id=361369&mc=15&forum_id=2 ** Jones Day's NALP form says $2812.50/wk which doesn't sound right. Note that 2812.5 * 4 weeks * 12 months = $135k. |
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Date: February 10th, 2006 3:25 PM Author: confused hospital I think Jenner went to 135 too. Do these increases impact what they pay us this summer? |
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Date: February 10th, 2006 3:26 PM Author: Pale space Jenner isn't in LA. I think Winston and Sonnenschein have pretty big offices there, but I haven't heard of raises there. (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5048815) |
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Date: February 10th, 2006 3:30 PM Author: confused hospital No I mean Jenner's Chicago office, I know they don't have an LA office. (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5048856) |
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Date: February 10th, 2006 3:32 PM Author: Pale space I was just listing LA offices. Don't keep up on Chicago enough. (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5048882) |
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Date: February 10th, 2006 3:25 PM Author: vivacious up-to-no-good resort Do you have any info on bonuses for those firms? (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5048791) |
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Date: February 10th, 2006 3:46 PM Author: Pale space This is Latham:
Class - - Base - - Median - - Average - - Top 2004 - $27,500 - $30,000 - $28,326 - $50,000 2003 - $27,500 - $32,500 - $30,952 - $50,000 2002 - $30,000 - $37,500 - $34,255 - $67,500 2001 - $32,500 - $40,000 - $37,184 - $80,000 2000 - $35,000 - $40,000 - $40,014 - $77,500 1999 - $35,000 - $50,000 - $44,232 - $82,500 1998 - $35,000 - $52,500 - $52,077 - $90,000 1997 - $35,000 - $60,000 - $61,765 - $87,500 (no prorated bonus for class of 2005)
Gibson: No memo, just some random quotes from Greedy LA: "25k prorated bonus for class of 2005" "Bonuses for 1-2 years were between $20,000 - $30,000, depending on hours. I've spoken to a fifth year who had 1950 hours who received $40,000."
MoFo:
CLASS YEAR BASE PRODUCTIVITY BONUS @ 2100 1st Year 2006 $135,000 $15,000 1st Year 2005 $135,000 $15,000 2nd Year 2004 $145,000 $20,000 3rd Year 2003 $155,000 $22,500 4th Year 2002 $170,000 $25,000 5th Year 2001 $190,000 $25,000 6th Year 2000 $200,000 $30,000 7th Year 1999 $210,000 $30,000 8th Year 1998 $220,000 $30,000 |
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Date: February 10th, 2006 4:19 PM Author: thriller school scourge upon the earth (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5049455) |
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Date: February 10th, 2006 4:21 PM Author: Floppy garrison That chart doesn't show a downward trend each year. Those years on the side mark when a given attorney started with the firm. (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5049483) |
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Date: February 10th, 2006 4:24 PM Author: Pale space Also, Latham NY is on a different bonus structure, something like $13k or so more than these numbers. MoFo NY does something like a lockstep bonus that matches NY market I believe. (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5049528) |
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Date: February 10th, 2006 4:27 PM Author: thriller school scourge upon the earth (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5049559) |
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Date: February 10th, 2006 6:12 PM Author: sadistic fragrant headpube latham base for ny was $35K this year. (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5050635) |
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Date: February 10th, 2006 3:27 PM Author: glittery narrow-minded crackhouse blood rage Was MoFo just for LA or in SF and NYC as well? (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5048825) |
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Date: February 10th, 2006 3:31 PM Author: Pale space MoFo raise was all offices but NY. (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5048875) |
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Date: February 10th, 2006 3:31 PM Author: glittery narrow-minded crackhouse blood rage sweet!! I wonder if my summer pay would be higher. (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5048879) |
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Date: February 10th, 2006 3:34 PM Author: Pale space You might be interested that Latham apparently raised to 145k for NY *and* overseas offices. So you very well might make more in Tokyo this summer than you will in SF. (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5048919) |
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Date: February 10th, 2006 3:36 PM Author: glittery narrow-minded crackhouse blood rage why would latham affect my mofo tokyo pay? in any case they're paying for my housing in and plane ticket to and from tokyo, so i'm already content (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5048950) |
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Date: February 10th, 2006 3:40 PM Author: Pale space MoFo also held off on deciding NY raises, like Latham. They'll probably go along with the $145k raise, and if Latham is any indication, they could apply that raise to Tokyo too. (I assume because Latham has to compete with NY firms in those markets.) (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5049015) |
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Date: February 15th, 2006 3:37 PM Author: Nighttime brunch The LeBoeuf raise to 145k in LA/SF/DC/NY is official: http://home.businesswire.com/portal/site/google/index.jsp?ndmViewId=news_view&newsId=20060215005930&newsLang=en (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5095340) |
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Date: February 15th, 2006 6:40 PM Author: Apoplectic Soul-stirring Stage National Security Agency that report also says DC (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5097128) |
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Date: February 15th, 2006 7:47 PM Author: Nighttime brunch Roger. Edited. (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5097728) |
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Date: February 17th, 2006 12:48 AM Author: Nighttime brunch (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5109766) |
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Date: March 28th, 2006 9:05 PM Author: Pale space Added White & Case based on this Greedy post on the Palo Alto office -- I'm assuming the LA office is the same: http://www.infirmation.com/bboard/clubs-fetch-msg.tcl?msg_id=002yuY (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5450884) |
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Date: March 29th, 2006 11:49 PM Author: Pale space Confirmed for LA: http://infirmation.com/bboard/clubs-fetch-msg.tcl?msg_id=002yyr (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5461757) |
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Date: April 5th, 2006 12:03 PM Author: Khaki foreskin location Subject: Another firm Bryan Cave has bumpted to 135 as well. (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5518026) |
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Date: April 5th, 2006 12:11 PM Author: Pale space Added, thanks. (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5518081) |
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Date: April 5th, 2006 3:36 PM Author: Pale space I added Fulbright & Jaworski at $140k. Thanks to Greedy LA for the tip (and for reminding me that Fulbright has an LA office): http://www.infirmation.com/bboard/clubs-fetch-msg.tcl?topic=Greedy%20LA&msg_id=002zFh (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5519428) |
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Date: February 10th, 2006 3:27 PM Author: Arrogant erotic circlehead cahill, kramer, cleary are starting at 145.
go on infirmation.com for up to date postings on the salary issue |
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Date: February 10th, 2006 3:36 PM Author: appetizing den Infirmation sucks. Tell us here! (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5048958) |
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Date: February 10th, 2006 4:19 PM Author: carmine factory reset button Cleary memo from GA
On behalf of the Firm, we are pleased to announce the following salary increases for associates on the U.S. compensation scale who are in the classes of 1998 through 2005.
These increases will be retroactive to January 1, 2006 and will be reflected in the March 3 payroll. The amounts set forth below include the FirmÂ’s contribution to associates’ TOPS accounts.
Class of 2005 - $145,000 Class of 2004 - $155,000 Class of 2003 - $170,000 Class of 2002 - $190,000 Class of 2001 - $210,000 Class of 2000 - $225,000 Class of 1999 - $240,000 Class of 1998 - $255,000 |
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Date: February 10th, 2006 3:35 PM Author: confused hospital SO any news on what's happening with summer pay? (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5048936) |
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Date: February 10th, 2006 3:38 PM Author: glittery narrow-minded crackhouse blood rage this i'd like to know as well (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5048981) |
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Date: February 10th, 2006 3:40 PM Author: Pale space Give me a sec. (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5049020) |
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Date: February 10th, 2006 3:44 PM Author: wine becky market I'm also curious about this -- especically firms in LA and NY. (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5049059) |
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Date: February 10th, 2006 4:35 PM Author: Stirring lay some have already bumped to $2788, $2800, or $2600 (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5049665) |
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Date: February 10th, 2006 4:43 PM Author: fiercely-loyal contagious native Cleary is paying $2,789. (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5049755) |
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Date: February 10th, 2006 4:45 PM Author: Pale space I'll add it to my post below. Let me know if you hear any more. (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5049767) |
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Date: February 10th, 2006 3:38 PM Author: Lavender Motley Business Firm Sandwich Subject: Jenner & Block Jenner Chicago & DC raised to $135,000
Jenner NY raised to $145,000 |
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Date: February 10th, 2006 3:47 PM Author: Pale space NY Summer Salaries (no longer updating this, see nalpdirectory.com)
2850 - Wachtell 2800 - Paul Weiss, O'Melveny, Cadwalader, Debevoise, Kirkland, Latham, Wilmer, Skadden, Shearman, Gibson, Schulte 2780 - Paul Hastings 2788/2789* - Cleary, Simpson, Weil, Sullivan, Leboeuf, Clifford Chance, Davis Polk, Proskauer
* See this thread for how $2788/wk is effectively more like $2740: http://www.xoxohth.com/thread.php?thread_id=361369&mc=2&forum_id=2
I'll edit if I hear about more.
NY salary chart: http://infirmation.com/bboard/clubs-fetch-msg.tcl?msg_id=002xOq |
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Date: February 10th, 2006 3:51 PM Author: gold lodge What about summer pay for DC firms? (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5049140) |
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Date: February 10th, 2006 4:48 PM Author: appetizing den Where did you hear about these numbers? (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5049795) |
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Date: February 10th, 2006 4:49 PM Author: Pale space They've been reported on this board. Obviously if you have reason to doubt them, let me know. I can confirm some but not all of these with classmates. (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5049812) |
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Date: February 10th, 2006 4:56 PM Author: appetizing den I'm naturally skeptical until I hear something from a firm. Anyone can divide 145 by 52 and make up a number in that range. (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5049885) |
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Date: February 10th, 2006 4:57 PM Author: Pale space I've seen both the Paul Weiss and Simpson emails. (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5049893) |
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Date: February 10th, 2006 4:59 PM Author: appetizing den Damn it, I knew I should've gone there. (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5049909) |
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Date: February 10th, 2006 5:00 PM Author: rose odious ape Any chance you can foward those to me?
aciolli@autoadmit.com
Obviously all would be kept confidential. |
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Date: February 10th, 2006 5:02 PM Author: Pale space I don't have copies of either, friends just happened to show me on their laptop when those emails came.
I believe both have been posted on here in their entirety though. (If you can't find the threads, consider that as my bugging you about the search engine again.) |
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Date: February 11th, 2006 12:31 AM Author: Chest-beating sepia theater those nubmers are legit. sorry i am not forwarding emails.
haha, o'melveny people are screwed w/ their shitty early raise and imploding corporate dept. |
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Date: February 15th, 2006 8:00 PM Author: charismatic alcoholic theatre gay wizard (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5097818) |
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Date: February 21st, 2006 3:20 PM Author: concupiscible insecure death wish indian lodge S&C numbers confirmed, 6041.66 semi-monthly. (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5148610) |
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Date: February 21st, 2006 4:32 PM Author: Apoplectic Soul-stirring Stage National Security Agency which works out to about 2800 per week. I hope my firm does the same (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5149255) |
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Date: February 21st, 2006 4:35 PM Author: Pale space Wrong. See this thread: http://www.xoxohth.com/thread.php?thread_id=361369&mc=2&forum_id=2 (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5149293) |
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Date: February 21st, 2006 4:44 PM Author: Apoplectic Soul-stirring Stage National Security Agency edit: guess my math was a bit off. it still adds up to good money (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5149415) |
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Date: February 21st, 2006 4:45 PM Author: Pale space Read the thread. (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5149432) |
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Date: February 21st, 2006 4:45 PM Author: Apoplectic Soul-stirring Stage National Security Agency yeah, was editing when you posted (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5149444) |
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Date: February 23rd, 2006 5:35 PM Author: vibrant yellow stead LeBoeuf to $2788/wk; memo from friend (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5166914) |
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Date: February 23rd, 2006 5:39 PM Author: Pale space Thanks, added with Debevoise. (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5166948) |
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Date: March 2nd, 2006 3:24 PM Author: vibrant yellow stead Kirkland to $2800 - Memo from friend in hand. (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5227143) |
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Date: March 2nd, 2006 3:29 PM Author: Pale space Added, thanks. Just for NY, I'm assuming? (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5227177) |
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Date: March 2nd, 2006 3:31 PM Author: vibrant yellow stead The memo doesn't specify but was sent to a NYC summer. (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5227189) |
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Date: March 16th, 2006 4:12 PM Author: Gaped nubile pit Hazelrah,
Can you specify where you got the information on Wilmer? Thanks for all the information. |
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Date: March 16th, 2006 5:08 PM Author: Pale space Sorry, I was just going off of what was posted in this thread. I'm trusting people to post correct info, but if you think there's a mistake, you can call it out on this board or email me privately at xoxochecklist@hotmail.com. (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5352682) |
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Date: February 10th, 2006 4:10 PM Author: Autistic self-absorbed office cuck If anyone has multi year salary and bonus info it might not be a bad idea to post it here. I know greedy clerks has charts, but as this board ages we shouldnt have to rely on them. I think if we had more salary info we would draw people over from greedy, which has the worst interface ever. (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5049355) |
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Date: February 10th, 2006 4:12 PM Author: Pale space I don't think the greedy associates really like hanging out with us law students. Plus the advantage of the charts on Greedy is that they can do HTML formatting. But your point is taken. (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5049376) |
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Date: February 10th, 2006 4:17 PM Author: rose odious ape Like I said in the OP, we'll probably put this info on its own section on the site. So, HTML enabled.
Just need the data. |
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Date: February 10th, 2006 4:18 PM Author: Autistic self-absorbed office cuck half the regular posters on here are associates or will be associates next year. I figure if we compile enough info GTO or someone can table it for us, run some regressions on it, and make some bogus claim that yale is hurt by its H/HP/P/F grading scheme. (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5049439) |
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Date: February 10th, 2006 4:20 PM Author: very tactful nowag We could put something on the wiki, for our own use. And maybe link it in the corner. That would be a lot more useful than the Leiter link or the one to jd2b. (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5049466) |
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Date: February 10th, 2006 4:42 PM Author: rose odious ape That's what's happening, but not on the wiki. (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5049745) |
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Date: February 10th, 2006 4:48 PM Author: very tactful nowag This is a really good idea. Ours might actually end up being better than greedy's since we're not all separated by city and we could put together something more comprehensive. (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5049796) |
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Date: February 10th, 2006 4:23 PM Author: Frum Ratface have any chicago offices raised to 145 yet? I've only heard of 135 so far. (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5049513) |
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Date: February 10th, 2006 4:35 PM Author: Lavender Motley Business Firm Sandwich Not that I know of, and I don't really think any will. (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5049662) |
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Date: February 10th, 2006 4:35 PM Author: Stirring lay chicago shouldn't bump any higher than $135k. COL is much lower. (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5049669) |
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Date: February 10th, 2006 4:47 PM Author: Rough-skinned Violent Windowlicker House I still dont buy this. COL wasnt an issue for distinction before, I dont see why all of a sudden it would be now. (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5049791) |
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Date: February 10th, 2006 6:47 PM Author: Fighting charcoal mood theater stage Is it true that COL wasn't an issue before? That is, (a) did Chicago raise to $125K the same year NY did and (b) did Chicago firms pay NY-level bonuses? My guess is that the answer is no. Remember that, at least in theory, some of the $145K is coming out of year-end bonuses. (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5050937) |
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Date: February 10th, 2006 6:48 PM Author: Pale space This was an interesting post from Greedy LA:
"Until the late 90s, Cali firms even paid different salaries to their associates in different parts of the state--LA associates got 10-20% more than their SF cousins. This is only surprising to kids who have only ever known $125 first-year salaries. Don't like it? Move to NYC, take another bar exam and live in a shoebox." |
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Date: February 12th, 2006 9:07 PM Author: supple big-titted heaven did K&E's summer associates get a raise for this summer too? (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5069297) |
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Date: February 12th, 2006 9:20 PM Author: vibrant yellow stead AFAIK, not yet. (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5069418) |
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Date: February 12th, 2006 10:17 PM Author: Diverse center I haven't heard yet. I'm sure we will! (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5069861) |
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Date: February 10th, 2006 4:31 PM Author: Stirring lay Weil, $20k bump for each class year
http://www.infirmation.com/bboard/clubs-fetch-msg.tcl?msg_id=002wsR |
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Date: February 10th, 2006 11:39 PM Author: Stirring lay Applies to NY, Austin, Dallas, Boston, Houston, Silicon Valley, and DC only.
Not Miami or foreigh offices. |
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Date: February 10th, 2006 4:59 PM Author: Stimulating principal's office Clifford Chance up $20k across the board (saw the e-mail). (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5049906) |
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Date: February 10th, 2006 5:47 PM Author: startled pearl rehab fat ankles Subject: Email from STB to summers This is the email sent from STB to all their summer associates....
"You may have been following recent stories concerning the salaries at New York City law firms. Earlier this week, Simpson Thacher increased annual first year associate salaries by $20,000 to $145,000. The salaries for associates in other classes increased by similar amounts. This salary increase will also apply to new associates from the class of 2006. The summer salary will be the weekly proration of that amount.
On a separate note, we want to remind you that Friday is the deadline for submitting your responses on summernet. We appreciate the submissions received from many of you and look forward to hearing from everyone by the end of the week.
For those of you spending your summer in NY, if you have not yet responded to the section on summernet polling your interest in various types of summer events, please add to the list of options tickets to select a performance at Brooklyn Academy of Music.
Best, Dee "
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Date: February 10th, 2006 5:56 PM Author: Pale space Did you (or somebody else) post something specifically saying $2788? Maybe I confused the email with another post somewhere. (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5050470) |
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Date: February 10th, 2006 6:20 PM Author: milky mad-dog skullcap multi-billionaire Wow, soooo made the wrong choice by going to TX. Think DPW will take me back? (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5050712) |
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Date: February 10th, 2006 6:23 PM Author: Pale space Should've gone to Skadden in Houston. Or Fish, if you have a science degree. (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5050736) |
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Date: February 10th, 2006 6:25 PM Author: milky mad-dog skullcap multi-billionaire Nah. Skadden in Houston doesn't do tax, and I'm pretty sure I was like their third choice. (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5050753) |
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Date: February 10th, 2006 6:58 PM Author: Comical maroon station How much does Fish pay? (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5051067) |
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Date: February 10th, 2006 7:01 PM Author: Pale space I believe $125k in all cities, pretty good considering some of the markets it's in.
This was as of like last summer, so it might go up after this round. |
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Date: February 10th, 2006 8:11 PM Author: Copper Cracking Church Building Private Investor 135k as of today. (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5051892) |
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Date: February 10th, 2006 8:14 PM Author: Comical maroon station link? does that include the graduation/signing bonus? (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5051920) |
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Date: February 10th, 2006 8:15 PM Author: Copper Cracking Church Building Private Investor no link, a friend who works there sent me the e-mail.
135k + 10k signing bonus for first years 145k for second years
everything else the same. |
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Date: February 10th, 2006 8:18 PM Author: Comical maroon station oh, some guy told me last year that they paid 135, but they were including the 10k signing bonus. Lots of other firms pay bar stipends that are worth about 10k but do not include that in their salary calculation. (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5051954) |
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Date: February 10th, 2006 8:24 PM Author: Pale space It's a little more complicated, since many non-NY firms don't pay a prorated bonus at the end of the stub year (before the first full year). Also there are firms like Skadden that give like a really big "technology allowance" or something. (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5052003) |
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Date: February 10th, 2006 8:44 PM Author: Copper Cracking Church Building Private Investor fish pays a pro-rated bonus if you actually earned one, but the bonus system there is weird, so most people won't have earned one anyway.
the 135k base is kind of huge if you go to the dallas/austion/atlana offices. |
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Date: February 11th, 2006 10:02 PM Author: medicated school cafeteria knife If you want to be a tax lawyer, starting at DPW >>>> starting in TX anywhere. (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5061629) |
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Date: February 17th, 2006 6:48 PM Author: milky mad-dog skullcap multi-billionaire Actually, my tax prof. told me it is harder to lateral from DPW to a smaller market than from V&E because the stuff that DPW does is so sophisticated that it isn't applicable to what some mid-sized firm in Denver does. Apparently, the general tax work I'd get from V&E would be better for staying in Houston or lateralling to smaller market (a very real posibility).
Also, my wife would kill me if I went to NYC unless it was Wachtell. |
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Date: February 18th, 2006 1:38 AM Author: adventurous hell pervert and if it were wachtell she wouldn't have to kill you because she'd never see you again anyway (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5119835) |
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Date: February 10th, 2006 7:18 PM Author: Bright pistol crotch Fried Frank matched through email...same figures as that cleary chart above. (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5051262) |
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Date: February 13th, 2006 11:54 PM Author: big step-uncle's house deer antler according to greedy, the raise only applied to the NY office. (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5081102) |
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Date: February 10th, 2006 7:55 PM Author: Diverse center KIRKLAND & ELLIS NYC:
145/155/170/190/210/225 |
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Date: February 10th, 2006 7:57 PM Author: milky mad-dog skullcap multi-billionaire You think they will/did raise in Chicago? If so, I might have to apply 3L year. (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5051762) |
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Date: February 10th, 2006 7:58 PM Author: Diverse center They raised 10K in non-NYC offices. We'll see whether the rest of the country bumps up to NYC's 145K. (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5051774) |
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Date: February 10th, 2006 8:01 PM Author: milky mad-dog skullcap multi-billionaire Bah, that's BS. If Chicago is your main office, you need to give those people the best rate of the firm. Just more evidence that K&E would treat us like crap. (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5051797) |
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Date: February 10th, 2006 8:05 PM Author: Diverse center Kirkland has always paid higher bonuses in NYC than in Chicago. Nothing new. Plenty of non-NYC firms pay higher rates in NYC. (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5051844) |
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Date: February 10th, 2006 8:07 PM Author: milky mad-dog skullcap multi-billionaire Bonuses sure.
Stop trolling! :) |
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Date: February 10th, 2006 8:23 PM Author: very tactful nowag I'm not sure why. Most other industries adjust their salaries to the cost of living of the area where their offices are located, at least to some extent. It's always seemed a little funny that law firms treat the subject as taboo and have to make the adjustments in the bonus rather than in base salary. (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5052000) |
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Date: February 10th, 2006 9:58 PM Author: milky mad-dog skullcap multi-billionaire Supply and demand, baby. Costs are never a determining factor of "price," at least in theory. If law firms want the best candidates, they have to be willing to pay the competitive price. COL often helps low COL markets in competing with high COL markets, but you could imagine how much a firm based in Iowa City would have to pay to get a 100 summer associates from HYS. It would certainly be more than what NYC is paying, even though the COL is dirt cheap. Why? Low supply of top candidates willing to move there and (assumed) high demand for such candidates. (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5052642) |
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Date: February 11th, 2006 12:34 PM Author: very tactful nowag But why are you assuming there's either more demand or less of a supply of associates who want to work in Chicago than want to work in New York? It's notoriously easier to get a legal job in New York than elsewhere, signaling that the supply there is lower or the demand is higher. Makes sense they'd pay a little more if they have an unusually large number of jobs there that need to be filled, and not all associates find New York an attractive place to work.
At the very least, I think it's reasonable to assume the price at all large cities would not be the same. |
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Date: February 17th, 2006 5:07 PM Author: Cream trip range In theory, costs are the determining factor of supply. Supply = marginal cost (from the Microeconomic perspective). Law firms demand the labor, attorneys supply the labor. COL is certainly a part of the aggregate supply curve for any geographic market, along with other aggregate opportunity costs (such as the cost of giving up the opportunity to be in a more desirable location).
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Date: February 17th, 2006 6:53 PM Author: milky mad-dog skullcap multi-billionaire Agreed, but it isn't a direct relationship as this person was suggesting. Firms in Denver or Miami aren't paying half of what NYC is paying, even though COL would suggest they should. It's not a "determining factor," although that may not be the best term for what I'm trying to say. COL is certainly a competitive factor, but it doesn't have any affect on what law firms would be willing to pay(except to the extent COL affects legal fees and they simply can't pay above a certain amount). It only affects what associates are willing to accept (the lowest they can), but if demand drives the price up to $200k, an associate wouldn't accept $199k (in theory), even though that is much more than they could get in NYC. To suggest that you could "adjust salaries" to meet COL, as the above poster suggested, is overly simplistic. I don't see you moving to Iowa, even if they did pay $200k. :)
My understanding may be incorrect, but you charge cost because there is competition that pushes price down to cost, not *because* that's what it costs you to produce the product. You'd gladly charge more if you could, like the associates living in Iowa, but may be forced to charge your cost because of competition. |
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Date: February 18th, 2006 4:14 PM Author: Cream trip range All costs are determining factors. Collectively, they make up the total cost curve from which the marginal cost curve is derived. That is my only disagreement with you.
In your example, there is additional cost to top law students as a whole of being in Denver and Miami aside from the COL in those markets....and that is giving up working in a major legal market. Opportunity cost is equally important to economists as accounting cost.
Under this analysis, the reason why COL does not explain the entire salary difference is that the opportunity cost of giving up being in NYC (for law students as a class) exceeds the COL difference by $30k (for Miami). |
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Date: February 10th, 2006 8:58 PM Author: Sinister address love of her life Definitely. It's only a matter of time. (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5052280) |
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Date: February 10th, 2006 9:51 PM Author: Nighttime brunch Is it virtually guaranteed that 135k will be the new market salary for LA biglaw in a year or two, or will some Vault firms stay at 125k? (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5052601) |
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Date: February 10th, 2006 9:57 PM Author: Pale space What LA offices are missing from my list above? There's mostly branch offices like SSD, Sonnenschein, Jones Day, etc. that will undoubtedly raise when their home offices do. Unless you're wondering about regional firms like Christensen Miller and Mitchel Silberberg? (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5052635) |
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Date: February 10th, 2006 9:59 PM Author: Nighttime brunch ... (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5052647) |
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Date: February 12th, 2006 9:16 PM Author: Pale space I added Orrick and Heller based on posts from Greedy NY. (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5069384) |
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Date: February 10th, 2006 10:23 PM Author: smoky wrinkle is it really true that S&C etc. are paying 145k in their *LA* offices? (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5052860) |
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Date: February 10th, 2006 10:23 PM Author: Pale space Yes. They've always kept their offices on the same salary/bonus structure. (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5052863) |
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Date: February 10th, 2006 10:25 PM Author: smoky wrinkle goddamn
this means that munger and irell, and quinn the pretender, ought to move to 150. |
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Date: February 10th, 2006 10:28 PM Author: Pale space I don't think I'd mind being a "pretender" if that meant almost doubling Munger in profits per partner. (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5052906) |
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Date: February 10th, 2006 10:35 PM Author: smoky wrinkle good point just saying the rep isn't there yet |
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Date: February 10th, 2006 10:59 PM Author: Autistic self-absorbed office cuck a bunch of boston firms went to 135k today and bumped all other years by 5-10k, im working on getting details (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5053219) |
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Date: February 10th, 2006 11:13 PM Author: Autistic self-absorbed office cuck bingham increase by 10k for the 1st 3 years fish increased by 10k for 1st years, 5k for 2 through 8
So both of those guys are 135+10k signing now. I'm sure Ropes amd Goodwin will announce on monday |
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Date: February 11th, 2006 5:51 PM Author: Bateful rambunctious nursing home There's a signing bonus? How does that make sense? Why not just $145? (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5059192) |
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Date: February 12th, 2006 12:22 AM Author: Autistic self-absorbed office cuck you ge tit when you graduate, so you can pay for your summer and bar trip and whatnot. its a nice tax dodge too cause you get 10k in a year when you ar emaking less. (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5062798) |
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Date: February 12th, 2006 1:46 PM Author: Bateful rambunctious nursing home Ah yes - I forgot about the tax issue. Thanks! (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5065433) |
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Date: February 13th, 2006 10:44 AM Author: Copper Cracking Church Building Private Investor fish was only a 5k bump for second years. they had previously upped the other classes earlier last year. (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5073626) |
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Date: February 11th, 2006 12:34 AM Author: Chest-beating sepia theater do all firms pay summers a pro-rata of first year salary? both my firms have announced, but i haven't gotten an email confirmation from one of them. (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5054190) |
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Date: February 11th, 2006 12:35 AM Author: Stirring lay from what I have heard, yes. just be patient. (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5054200) |
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Date: February 11th, 2006 9:52 AM Author: Fighting charcoal mood theater stage So the real question at this point is what Skadden will do. If Skadden goes to $160K base, then that sets a floor on S&C/etc. bonuses and means that total comp almost has to go up. (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5055708) |
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Date: February 11th, 2006 10:37 AM Author: Diverse center The real question is what will KIRKLAND & ELLIS do. The crappy has-been NYC firms should be looking to KIKRLAND & ELLIS, not to a firm that may increase base but only pays out 15K bonuses. (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5055742) |
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Date: February 11th, 2006 12:01 PM Author: Stirring lay dude, STFU. (and i'm a K+E troll too). overall comp being the same, higher base gives you more take-home after taxes. (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5056048) |
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Date: February 11th, 2006 12:14 PM Author: Diverse center Are you going to be summering with me? If so, then you're a fucking retard and I'm ashamed that KIRKLAND & ELLIS would hire such an idiot. (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5056112) |
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Date: February 11th, 2006 12:17 PM Author: Stirring lay no, i negged you all in the end. but they were high up on my list, and if I don't like where I summer, I'll see if I can join up with them. (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5056132) |
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Date: February 11th, 2006 12:19 PM Author: Diverse center Please explain:
"overall comp being the same, higher base gives you more take-home after taxes." |
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Date: February 11th, 2006 12:22 PM Author: Stirring lay bonuses are taxed at 7 - 8% higher than base pay.
so $145k + $30k bonus < $160k + $15k bonus
not by that much, but you still take home more money with a higher base pay. of course K+E gives their superstars a shitton higher bonus |
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Date: February 11th, 2006 12:23 PM Author: Diverse center "bonuses are taxed at 7 - 8% higher than base pay."
Are you drunk or just stupid? Please point me to the Code Section that says so. |
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Date: February 21st, 2006 5:22 PM Author: walnut shrine roast beef http://www.xoxohth.com/thread.php?thread_id=365181&mc=1&forum_id=2 (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5149815) |
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Date: March 30th, 2006 10:21 PM Author: Beady-eyed Mischievous Parlor It isn't taxed at a higher rate, rather more is withheld, because withholdings are calculated based on the assumption that each paycheck is indicative of every other check. So that a $35k paycheck, indicates that every pay period deals out $35k, so the calculators withhold the amount based on assumed income. (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5471035) |
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Date: February 11th, 2006 12:24 PM Author: Razzmatazz sweet tailpipe Somebody doesn't understand how our tax system works. (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5056171) |
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Date: February 11th, 2006 12:24 PM Author: Stirring lay me or him? (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5056175) |
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Date: February 11th, 2006 12:24 PM Author: Razzmatazz sweet tailpipe You. (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5056179) |
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Date: February 11th, 2006 12:27 PM Author: Stirring lay i agree, i'm not too familiar with the tax system. all i know is that in the past, when i lived in another state, my base was taxed at like 31%, but about 40% of my year end bonus was taken out. (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5056199) |
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Date: February 11th, 2006 12:30 PM Author: Razzmatazz sweet tailpipe We have a progressive tax system. The first $x you make are taxed at a rate of y. $$ made above x are taxed at z. It doesn't matter whether those dollars are in the form of a bonus, or a higher base. The total tax is the same. (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5056222) |
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Date: February 11th, 2006 12:31 PM Author: Stirring lay hmm, i guess i should retract everything i've said then. then again, i've never done my own taxes, and i've never asked my dad's accountant what it all means... (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5056228) |
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Date: February 11th, 2006 12:28 PM Author: at-the-ready self-centered cruise ship it will all come out in the wash when you get your tax return. the only real advantage is the time value of money. but hellsbells is right: bonuses are taxed higher because they are taxed as if, say, the person was making 35K per paycheck. (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5056212) |
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Date: February 11th, 2006 12:33 PM Author: Razzmatazz sweet tailpipe Also, the time value of money in this instance is so small as to be insignificant. It's not like you're getting a lump sum payment at the beginning of the year, it's being spread over 52 weeks, with decreasing value. (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5056251) |
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Date: February 11th, 2006 12:39 PM Author: at-the-ready self-centered cruise ship yes. if associates get a bonus at the end of the taxable year, then the time value is only the equivalent of investing for a few months the 7-8% extra taxes taken out of the bonus check. We're talking about a few hundred dollars invested for a few months. Not worth worrying about. (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5056291) |
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Date: March 30th, 2006 10:19 PM Author: Beady-eyed Mischievous Parlor All you have to do is declare more exemptions on your W4 when you think that your bonus is coming out so not all of it is withheld. (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5471008) |
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Date: February 17th, 2006 4:13 PM Author: effete bat shit crazy gaping casino KT--if you're really working at K&E, you should shut up and quit embarassing the place. I can only assume that (1) you're not working at K&E and just trying to give the place a bad name; or (2) you're the sort of self-important tool who--despite never having left his parents' basement--has decided he is really "a big deal." Grow up. (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5114698) |
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Date: February 11th, 2006 1:01 PM Author: irradiated set "overall comp being the same, higher base gives you more take-home after taxes."
Ummm, What? |
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Date: February 11th, 2006 1:03 PM Author: Razzmatazz sweet tailpipe Why not just read the rest of the thread? (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5056478) |
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Date: February 11th, 2006 1:13 PM Author: irradiated set STFU, troll. (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5056555) |
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Date: February 21st, 2006 5:23 PM Author: walnut shrine roast beef http://www.xoxohth.com/thread.php?thread_id=365181&mc=1&forum_id=2 (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5149823) |
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Date: February 11th, 2006 4:09 PM Author: Out-of-control electric corner pocket flask do you think Skadden originally went to 140 thinking others would match? maybe they'll just fall in line here...but your're right...they could be the barometer for the bonus market...
man if total comp went up another 15 or 20...whew..
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Date: February 11th, 2006 4:46 PM Author: Cerebral talking degenerate I'm not sure, but I don't see what they lose by staying "ahead" in the market as far as base compensation. Personally, I'm hoping they bump (and I think every NYC person should be hoping they bump) to $160 in order to assure than that's the new "base" for total compensation. (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5058675) |
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Date: February 19th, 2006 6:28 AM Author: talented shaky piazza Skadden145PWN3D!!!!!!!!!!!! (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5129705) |
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Date: February 11th, 2006 4:33 PM Author: Chartreuse mother institution Anyone hear about Winston in Chicago? (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5058588) |
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Date: February 11th, 2006 6:55 PM Author: Rough-skinned Violent Windowlicker House If you search for winston, youll find another thread where they are at 135K right now. (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5059946) |
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Date: February 11th, 2006 7:41 PM Author: Chartreuse mother institution Yeah, I was looking for more confirmation than random dude on monkeyscribe. :) (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5060326) |
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Date: February 11th, 2006 5:03 PM Author: Cyan locale turdskin Mayer Brown is on this list at $135K - does anyone know if this is for all cities (including NY?)? (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5058814) |
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Date: February 12th, 2006 1:51 PM Author: Provocative black area telephone anybody know if the SA pay is going to go up proportionately? (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5065473) |
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Date: February 12th, 2006 3:13 PM Author: Pale space http://www.autoadmit.com/thread.php?thread_id=357285&mc=128&forum_id=2#5049094 (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5066253) |
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Date: February 12th, 2006 4:14 PM Author: low-t buff idea he suggested candlestick maker Subject: Higher score on the GMAT … - Tutor wanted – Pay: $50,000+ If you tutor me, and if I score at least a 750 on the GMAT, I will give you $10,000. This is no joke.
- MiKE Wong - (813) 598-2899 Yahoo 24 hours IM: Magicauctions123 - Email: MAGICAUCTIONS123 @YAHOO.COM
Greetings!!!
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If this is you, then read on…
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- MiKE Wong - (813) 598-2899 Yahoo 24 hours IM: Magicauctions123 - Email: MAGICAUCTIONS123 @YAHOO.COM
Email me if interested.
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Email me if interested in this instead.
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Date: February 12th, 2006 4:15 PM Author: low-t buff idea he suggested candlestick maker Subject: Higher score on the GMAT … - Tutor wanted – Pay: $50,000+ If you tutor me, and if I score at least a 750 on the GMAT, I will give you $10,000. This is no joke.
- MiKE Wong - (813) 598-2899 Yahoo 24 hours IM: Magicauctions123 - Email: MAGICAUCTIONS123 @YAHOO.COM
Greetings!!!
I need you to come tutor me for the GMAT (Graduate Management Admission Test). I am located in Tampa, Florida. My telephone number is: (813) 598-2899. Basically, what I need is a very good GMAT instructor who has taken the real test no more than a year ago with a score of 720 or above.
If this is you, then read on…
I will pay you tutor me. This is how it works: You first tutor me for free until I take the real GMAT. If I score above a 650, you get $1,000 for all your trouble. But, if I score above a 700, you get $5,000. Finally, here’s the best part: If I score above a 750, you get $10,000. I am talking about cash, pure cash, coming out of my pocket for you to tutor me.
If you are excited so far, then read on…
I agree to pay you to come to Tampa, Florida. I agree to pay for the hotel and flight accommodations. I agree to pick you up in a limo, or my brand new 2005 Camry (your choice). You will then be escorted to your hotel room for preparation to tutor me the very next day. You will be served three meals a day. You will have breakfast, lunch, and dinner with me at really good fancy restaurants. No, I am not talking about McDonalds, Burger King, Taco Bell, but ten times better than that. You will enjoy for the next few weeks the hotel stay, and the food that I pay.
What happens after you tutor me…
When I see my unofficial score for the GMAT, I will then decide how much to pay you in cold cash. Then, you will be flying back home to tell all your friends about how much money you have made by tutoring me.
Have a nice weekend!
Thank you!!!
- MiKE Wong - (813) 598-2899 Yahoo 24 hours IM: Magicauctions123 - Email: MAGICAUCTIONS123 @YAHOO.COM
Email me if interested.
P.S. If instead of going through the trouble to tutor me, if you take the GMAT for me and score a 650, 700, or 750, I will pay four times the amount mentioned above. This means you will get $4,000 for scoring a 650, $20,000 for scoring a 700, and $40,000 for scoring a 750. This is a quick way to make money for your helpfulness!
Email me if interested in this instead.
Thanks.
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Date: February 12th, 2006 11:39 PM Author: Crawly temple die please. (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5070798) |
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Date: February 13th, 2006 12:43 AM Author: Chocolate Point Macaca BIGLAW? What's that? (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5071487) |
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Date: February 13th, 2006 8:24 AM Author: Fighting charcoal mood theater stage By the way, as someone who's actually worked at a law firm, here are some reasons why base is better than bonus:
1. Base can't really go down. A firm that pays $125K base + $35K bonus one year can pay $15K bonus the next for $140K all-in. A firm that pays $145K base + $15K bonus can't really go below $145K all-in, and most NY firms will probably feel compelled to pay a five-figure bonus, so a $145K base sets a $155K all-in floor, which is toward the high end of the recent market. Relatedly, as discussed above, *Skadden's* base sets a floor for other firms' all-in, so if Skadden also goes up $20K we've got a $160K all-in minimum, which again is not as good as 2000 but is pretty close to the top for recent years.
2. NY lawyers have high rents and student-loan debt, and if you've got monthly expenses you'd rather have monthly pay. There's a concomitant disadvantage here, which is that bonus probably encourages savings more than base does.
3. Lots of exit options have non-calendar-year timing. If a large percentage of your comp comes in December/January, it's harder to leave at other times in the year. If you're getting most of your money in base salary, you have more flexibility to leave.
There are no tax advantages, and the time-value advantage isn't really worth mentioning given the time and sums involved. |
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Date: February 13th, 2006 7:49 PM Author: Histrionic brass menage The benefit you point out in #2 is basically the time value advantage. Under a bonus system, you could just take out a loan to cover the monthly expenses that you later pay off plus interest with the bonus. The salary hike lets you cover these expenses without the interest, or time value. (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5078549) |
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Date: February 13th, 2006 8:06 PM Author: Fighting charcoal mood theater stage That's fair, although 28-year-olds don't have completely efficient access to the capital markets. But, yes, essentially you're right. Points 1 and 3 are more important to me, though; if you can't live month to month on $125K you're in trouble. (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5078694) |
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Date: February 13th, 2006 9:31 PM Author: Chestnut elite goyim Just updating the old email tag line. (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5079456) |
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Date: April 13th, 2006 12:07 AM Author: orchid church generalized bond huh?
Dudes, nobody needs to take out a loan to cover their monthly expenses. That's retarded.
The time value of money advantage clearly resides with the bonus system, and like he said, the bonus system encourages savings. |
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Date: February 13th, 2006 12:11 PM Author: appetizing den This move effectively guarantees a raise in total comp. Simpson and Cleary have raised for *all* their domestic US offices. If they were to follow S&C's original statement, they'd have to drop bonuses from $35k to $15k to make up the difference. Assuming that they also want to keep paying their NY associates higher total compensation, that would mean that they'd have to pay non-NY associates an even lower bonus, somewhere in the range of $0 to $5k. That's the floor, and it's quite likely they'd go higher. (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5074173) |
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Date: February 13th, 2006 1:19 PM Author: medicated school cafeteria knife Why would simpson/cleary want to pay their NY associates higher total comp? It's pretty standard these days for NY firms to pay the same comp to every office. (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5074728) |
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Date: February 13th, 2006 5:53 PM Author: Mauve Stag Film Subject: Will pay: $20,000+ See message – need GMAT tutor… If you tutor me, and if I score at least a 750 on the GMAT, I will give you $10,000. This is no joke.
- MiKE Wong - (813) 598-2899 Yahoo 24 hours IM: Magicauctions123 - Email: MAGICAUCTIONS123 @YAHOO.COM
Greetings!!!
I need you to come tutor me for the GMAT (Graduate Management Admission Test). I am located in Tampa, Florida. My telephone number is: (813) 598-2899. Basically, what I need is a very good GMAT instructor who has taken the real test no more than a year ago with a score of 720 or above.
If this is you, then read on…
I will pay you tutor me. This is how it works: You first tutor me for free until I take the real GMAT. If I score above a 650, you get $1,000 for all your trouble. But, if I score above a 700, you get $5,000. Finally, here’s the best part: If I score above a 750, you get $10,000. I am talking about cash, pure cash, coming out of my pocket for you to tutor me.
If you are excited so far, then read on…
I agree to pay you to come to Tampa, Florida. I agree to pay for the hotel and flight accommodations. I agree to pick you up in a limo, or my brand new 2005 Camry (your choice). You will then be escorted to your hotel room for preparation to tutor me the very next day. You will be served three meals a day. You will have breakfast, lunch, and dinner with me at really good fancy restaurants. No, I am not talking about McDonalds, Burger King, Taco Bell, but ten times better than that. You will enjoy for the next few weeks the hotel stay, and the food that I pay.
What happens after you tutor me…
When I see my unofficial score for the GMAT, I will then decide how much to pay you in cold cash. Then, you will be flying back home to tell all your friends about how much money you have made by tutoring me.
Have a nice weekend!
Thank you!!!
- MiKE Wong - (813) 598-2899 Yahoo 24 hours IM: Magicauctions123 - Email: MAGICAUCTIONS123 @YAHOO.COM
Email me if interested.
P.S. If instead of going through the trouble to tutor me, if you take the GMAT for me and score a 650, 700, or 750, I will pay four times the amount mentioned above. This means you will get $4,000 for scoring a 650, $20,000 for scoring a 700, and $40,000 for scoring a 750. This is a quick way to make money for your helpfulness!
Email me if interested in this instead.
Thanks.
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Date: February 13th, 2006 6:58 PM Author: Cyan locale turdskin GTO, can we remove this shit from the sticky? (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5078181) |
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Date: February 13th, 2006 11:54 PM Author: big step-uncle's house deer antler http://www.infirmation.com/bboard/clubs-fetch-msg.tcl?msg_id=002x0l
Apparently Fried Frank raised, but only in its NY office.
Cravath matches. |
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Date: February 14th, 2006 4:57 PM Author: deep trailer park OMM just raised again. Raises across the board, summer associate salary at $2800/wk. (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5086755) |
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Date: February 14th, 2006 5:09 PM Author: vibrant yellow stead Did they send out an email to summers or where did you get the $2800 confirmation? (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5086913) |
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Date: February 14th, 2006 5:57 PM Author: Pale space According to Greedy NY, this is just for the NY office. Can somebody copy/paste the summer email or otherwise confirm it's $2800 and not one of the prorated numbers (2788/2789)? (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5087370) |
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Date: February 14th, 2006 6:39 PM Author: sadistic fragrant headpube yeah its just the NY office. (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5087826) |
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Date: February 15th, 2006 12:30 PM Author: deep trailer park I got the email. It's $2800/week for summers. (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5093447) |
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Date: February 15th, 2006 12:32 PM Author: Pale space Thanks, added it to my post above. (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5093471) |
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Date: February 14th, 2006 10:46 PM Author: big step-uncle's house deer antler Infirmation claims that Proskauer NY matches. (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5089930) |
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Date: February 15th, 2006 1:52 AM Author: Razzle-dazzle Ivory Coffee Pot Filthpig Report: LeBoeuf raises to 145k for NY, LA, and SF offices. This according to a poster on greedyNY.
LEBOEUFPWN3D!!!!!!!!!!!!! |
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Date: February 15th, 2006 9:03 AM Author: Cyan locale turdskin Add Debevoise to the list for $145 in nyc. No word on summers. (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5092179) |
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Date: February 15th, 2006 10:08 AM Author: blue 180 faggotry gas station Philly Market increases:
Morgan--$135K Duane Morris, Wolf Block, Drinker--raised to $125K |
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Date: February 21st, 2006 7:54 PM Author: passionate well-lubricated orchestra pit I have confirmation that Debevoise is raising summers' salaries to match. (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5151243) |
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Date: February 23rd, 2006 1:43 PM Author: Cyan locale turdskin Really? From where? what kind of confirmation?
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Date: February 24th, 2006 12:26 AM Author: passionate well-lubricated orchestra pit Verbal communication from partner coordinating summer associate stuff. (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5170481) |
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Date: February 27th, 2006 10:35 PM Author: Cyan locale turdskin Got a letter today confirming = $2800 per week. (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5204453) |
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Date: February 15th, 2006 11:42 AM Author: vibrant yellow stead Subject: Skadden Matches It looks like Skadden matched
http://www.infirmation.com/bboard/clubs-fetch-msg.tcl?topic=Greedy%20NY&msg_id=002x7e |
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Date: February 15th, 2006 12:32 PM Author: bistre state (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5093475) |
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Date: February 15th, 2006 1:45 PM Author: big step-uncle's house deer antler The era of the inflated Skadden base appears to be over... probably because no one knows if total comp is going to go up. (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5094161) |
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Date: February 15th, 2006 3:24 PM Author: Pale space Updated my posts above with info on Gibson's $2404 summer salary, and Proskauer's $10k raise in LA.
EDIT: Greedy NY reports Dewey matches. Not sure if this is just NY or all offices. |
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Date: February 15th, 2006 3:29 PM Author: Nighttime brunch Nice work getting that info together. (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5095249) |
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Date: February 15th, 2006 3:31 PM Author: Pale space Too bad those posts are getting impossible to find. Should've taken the first reply or something. (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5095272) |
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Date: February 15th, 2006 3:35 PM Author: Nighttime brunch Hah. True. (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5095310) |
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Date: February 15th, 2006 6:52 PM Author: bonkers senate Proskauer is upping the summer intern salary to match. (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5097260) |
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Date: February 15th, 2006 6:54 PM Author: Pale space To how much, exactly? And for NY? (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5097280) |
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Date: February 17th, 2006 1:19 AM Author: bonkers senate My friend will be at their LA office. He got a message with the announcement of their first year salary raise to $135k and a note saying that the summer intern salary would be raised accordingly, but no specific number mentioned. I assume it will be the $135k prorated. (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5110017) |
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Date: March 17th, 2006 8:46 AM Author: impertinent know-it-all legal warrant organic girlfriend Subject: Proskauer NY $145k prorated (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5357983) |
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Date: February 15th, 2006 9:50 PM Author: Naked Internet-worthy Stage Useless Brakes I've tried to muddle through this, but are the many of the lower V-100 firms matching yet? (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5098886) |
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Date: February 15th, 2006 9:52 PM Author: Crimson aphrodisiac patrolman Weil has announced summer salary at $2788/wk
--------
To add to all this, Weil is pleased to announce that effective January 1, 2006, annual U.S. associate base salaries will be increased by $20,000 for each class year. As such, summer associates will be paid a salary of $2,788 per week.
We look forward to seeing you at Pre-Orientation on March 31/April 1. Details to follow shortly.
-------------- |
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Date: February 16th, 2006 2:50 PM Author: lime depressive can someone confirm this (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5104172) |
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Date: February 16th, 2006 4:28 PM Author: exciting digit ratio regret Subject: Patterson FYI, Patterson Belknap Webb Tyler (NYC) just raised first-year salaries to $145K. Don't know anything about other years. (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5105280) |
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Date: February 17th, 2006 12:50 AM Author: Nighttime brunch Hazelrah--
You can add Pillsbury and Thelen to the LA 135k list. |
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Date: February 17th, 2006 1:02 AM Author: Pale space Got it, thanks. (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5109898) |
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Date: February 17th, 2006 11:56 PM Author: massive exhilarant doctorate Hi. Do you know if Pillsbury and Thelen will raise SA salaries as well? Thanks. (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5118817) |
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Date: February 18th, 2006 12:07 AM Author: Pale space If it's not up on my post, I haven't heard about it yet. (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5118911) |
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Date: February 17th, 2006 3:58 PM Author: Costumed ladyboy library Willkie Farr (NY) raised 2 weeks ago to $145k. Sorry for not posting. (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5114504) |
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Date: February 17th, 2006 6:39 PM Author: boyish hall goal in life (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5116160) |
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Date: February 18th, 2006 12:23 AM Author: coiffed laughsome public bath tank MoFo NY: $145,000 anounced today (per infirmation), not word on summer associate salaries. (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5119049) |
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Date: February 18th, 2006 1:05 AM Author: Pale space Quinn becomes the first non-NY firm to raise $145k across all offices: http://www.xoxohth.com/thread.php?thread_id=362469&mc=37&forum_id=2 (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5119502) |
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Date: February 18th, 2006 1:15 AM Author: talented shaky piazza Interesting. (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5119629) |
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Date: February 18th, 2006 5:13 AM Author: Lake Bawdyhouse Bingham McCutchen LA raises to 135k (2nd year 140k). (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5120921) |
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Date: February 18th, 2006 5:14 PM Author: Pale space Thanks, added. Also heard about S&C's summer salary: http://www.xoxohth.com/thread.php?thread_id=361369&mc=20&forum_id=2#5123972 (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5123940) |
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Date: February 20th, 2006 3:49 PM Author: hairraiser associate Foley raises to 135k in LA. (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5140063) |
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Date: February 20th, 2006 4:55 PM Author: Comical maroon station only in LA? (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5140841) |
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Date: February 20th, 2006 7:31 PM Author: hairraiser associate Not sure; I only know about LA's raise. (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5142172) |
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Date: February 20th, 2006 8:40 PM Author: Pale space Thanks, I added it. Maybe news of Quinn's $145k raise will start spreading tomorrow. (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5142706) |
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Date: February 21st, 2006 9:40 PM Author: Hyperactive Community Account I think if you read the thread about the Quinn raise more closely you'll be less convinced that it applies to LA. (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5152182) |
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Date: February 21st, 2006 9:53 PM Author: Pale space I've read it pretty closely, so I know what you mean. I added it here after I saw it mentioned on Greedy LA as well. Greedy could have just gotten the news from here though. I'm guessing we'll find out soon. (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5152289) |
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Date: February 22nd, 2006 12:42 AM Author: Nighttime brunch So Quinn's 145k in LA might not be legit? Damn. (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5153992) |
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Date: February 23rd, 2006 7:50 AM Author: titillating twinkling chapel It's legit. I work there. Won't get into any more details than to say that. (And I fully realize that trusting someone's word on the internet isn't easy or ideal, but all I can say is that there would have been some proof to the contrary by this point on GAs or here if it was false.) (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5164059) |
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Date: February 23rd, 2006 11:43 AM Author: Pale space Thanks. Hope this word gets around more soon. Let us know if you find out what's going on with second years and higher. (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5164984) |
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Date: March 7th, 2006 11:49 AM Author: Swashbuckling indigo home Corresponding increases for all classes, at all offices. (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5270908) |
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Date: February 20th, 2006 10:58 PM Author: slate aromatic whorehouse They raised across all offices. Including summer pay.
Edit: Not to 135k...just to market in each city. |
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Date: February 20th, 2006 11:04 PM Author: Pale space What's their summer pay exactly, do you know? For LA at least (NY is like what, 15 people?) (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5143959) |
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Date: February 20th, 2006 11:08 PM Author: slate aromatic whorehouse I don't know about LA...I would assume 2600 if 135k? (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5143996) |
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Date: March 25th, 2006 12:42 PM Author: jet-lagged tattoo Correct, and all their salary information (at least summer associate and 1st yr associate) can be found on their website.
http://apps.foley.com/students/culturebenefits/compensation/ |
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Date: March 25th, 2006 1:06 PM Author: Pale space Pretty informative, thanks. (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5422639) |
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Date: March 25th, 2006 2:39 PM Author: vibrant yellow stead Nice, they just provide it all right there...would be nice if other firms did the same thing =) (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5423211) |
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Date: March 26th, 2006 9:39 PM Author: Heady spot puppy some other firms do. you just have to dig a little. L&W seems pretty up front about the whole deal. http://www.lw.com/recruiting/faq.asp?qa_id=6
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Date: March 26th, 2006 9:48 PM Author: Pale space I need to practice staring at the sun some more before I can read that page. (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5434023) |
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Date: March 26th, 2006 9:58 PM Author: Heady spot puppy It's always Halloween at Latham! (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5434080) |
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Date: March 26th, 2006 10:23 PM Author: Pale space Looks like only NY is getting the treats, though. (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5434263) |
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Date: February 24th, 2006 12:26 AM Author: Outnumbered Meetinghouse Subject: NYC Biglaw Salary Chart: http://www.infirmation.com/bboard/clubs-fetch-msg.tcl?msg_id=002xOq (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5170476) |
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Date: February 24th, 2006 3:09 PM Author: hairraiser associate Katten Muchin LA raises to 135k according to a poster on greedyassociates. (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5174787) |
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Date: February 27th, 2006 1:19 AM Author: Curious godawful alpha dog poop Katten Muchin might be the worst law firm name ever (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5197256) |
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Date: February 27th, 2006 2:11 AM Author: Nighttime brunch Katten Moooooooshin. (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5197693) |
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Date: February 27th, 2006 1:29 PM Author: Alcoholic abode Got the DPW letter today re: summer salary increase. $2788/wk. (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5199971) |
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Date: February 28th, 2006 12:50 PM Author: racy flatulent personal credit line Debevoise will pay $2800 per week, to be paid every two weeks. (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5207942) |
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Date: February 28th, 2006 1:47 PM Author: Pale space Thanks, added. (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5208308) |
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Date: February 28th, 2006 1:59 PM Author: multi-colored tanning salon Subject: Arnold & Porter NY matches Here's the memo:
Greetings New York Associates.
In light of changes in the market, the Management Committee has recommended, and the Policy Committee has approved, adjustments to associate compensation in the New York office as follows: Class of 2005 $145,000 Class of 2004 $155,000 Class of 2003 $170,000 Class of 2002 $185,000 Class of 2001 $210,000 Class of 2000 $225,000 Class of 1999 $240,000 Class of 1998+ $255,000
The change is retroactive to January 1, 2006 and the adjustment will be included in your March 3 paycheck.
As always, we appreciate the contribution you make to the Firm and our clients. Thank you.
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Date: March 1st, 2006 10:18 AM Author: azure tantric stain this is really good news. looks like all top NY firms will be forced to increase summer associate pay for this summer. hopefully my letter will be coming soon. (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5215407) |
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Date: March 2nd, 2006 11:53 PM Author: startling parlour (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5232155) |
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Date: March 3rd, 2006 4:07 AM Author: razzle hissy fit my favorite sticky comes from PLAYBOY!!!! (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5233728) |
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Date: March 3rd, 2006 4:12 AM Author: excitant magical base Add Kirkland NY to the list of $2800/wk:
Hi all,
I hope you're doing well. I wanted to let you know that we have increased our summer associate salary to $2800/week. I hope that little bit of news makes you smile. :)
Please let me know if you have any questions.
Best, Cristin
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Date: March 6th, 2006 11:57 AM Author: arousing claret national toaster Subject: DLA piper increased to $145 DLA piper just announced 1st year salary increase to $145. they announced this to their incoming summers.
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Date: March 6th, 2006 2:40 PM Author: Pale space Has to be just for NY, right? They have way too many offices to do this across the board. (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5262928) |
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Date: March 6th, 2006 2:46 PM Author: arousing claret national toaster yeah i think just in NY. in LA as far as I know it's 135.
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Date: March 7th, 2006 8:22 PM Author: Pale space Adding Quinn LA summer salary at $2600 to my post above based on this: http://www.xoxohth.com/thread.php?thread_id=358058&mc=167&forum_id=2#5271853 If anybody has info on NY summer salary, let us know. (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5274944) |
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Date: March 9th, 2006 12:31 AM Author: spectacular ticket booth Date: March 8, 2006 To: All (Vinson & Elkins) Texas Associates From: Joseph C. Dilg Re: New Associate Compensation Levels
One of our Firm’s core values is to attract the finest attorneys and to retain and develop these attorneys to be outstanding practitioners in their fields. There are many attributes of the Firm that contribute to our ability to accomplish this goal, and we recognize that compensation is an extremely important factor. As communicated in my voicemail this morning, we are pleased to announce that, effective March 1, we have increased associate compensation. Our new Texas compensation levels are set forth below. These new levels represent an increase in both base salary and potential total compensation at all levels. The productivity-based bonus amounts reflect the total bonus payable. Once again, thank you for all that you do for our clients and for Vinson & Elkins.
Class Year Base Salary Productivity Based Bonus** Total Potential 1950 hrs 2150 hrs 23000 Compensation 2005 1 $140,000* N/A N/A N/A $140,000 2004 2 145,000 $5,000 $10,000 N/A 155,000 2003 3 150,000 5,000 10,000 $20,000 170,000 2002 4 160,000 7,500 15,000 25,000 185,000 2001 5 170,000 10,000 20,000 35,000 205,000 2000 6 180,000 10,000 20,000 35,000 215,000 1999 7 185,000 12,500 25,000 40,000 225,000 1998 8 190,000 12,500 25,000 45,000 235,000
* Includes a guaranteed year-end bonus of $5,000
** Includes up to 150 pro bono hours
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Date: March 11th, 2006 10:15 PM Author: Brindle Insanely Creepy Masturbator WLRK summers @ 2850/week (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5312511) |
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Date: March 12th, 2006 12:18 AM Author: mind-boggling box office potus i realize this is sticky. but i drooled so much reading this that i'm bumping it anyway. (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5313697) |
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Date: March 13th, 2006 1:18 PM Author: Pale space Added Wachtell at $2850 and Latham at $2800(NY) / $2600(elsewhere) to my summer salary posts. (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5326234) |
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Date: March 13th, 2006 9:55 PM Author: Lascivious sanctuary How do we know Latham's summer salary? (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5330291) |
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Date: March 14th, 2006 3:21 AM Author: Pale space It was mentioned in another thread, and my classmates who aren't away for Spring Break have gotten memos. (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5333020) |
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Date: March 16th, 2006 6:20 PM Author: Heady spot puppy confirmed at $2800, package in mail (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5353256) |
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Date: March 14th, 2006 7:30 PM Author: turquoise forum background story Subject: Wilmer confirmed at $2600 ($2800 for NYC) which means 135/145 otherwise (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5337724) |
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Date: March 15th, 2006 11:18 AM Author: Gaped nubile pit Did this come from an email from the firm? (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5341339) |
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Date: March 15th, 2006 3:09 PM Author: plaza chad Subject: bump Where did this info come from? Thanks (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5343203) |
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Date: March 16th, 2006 8:22 PM Author: turquoise forum background story Subject: there's a password protected website for summers, was on there (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5354149) |
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Date: March 15th, 2006 12:35 AM Author: grizzly dilemma famous landscape painting Rumor: Jones Day NYC -> 145K. (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5339479) |
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Date: March 15th, 2006 2:03 AM Author: Nighttime brunch It's about time. (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5339869) |
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Date: March 17th, 2006 11:52 AM Author: multi-colored tanning salon Subject: Kirkpatrick & Lockhart, NY matches $145K (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5358855) |
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Date: March 27th, 2006 9:16 AM Author: brilliant queen of the night new version I still haven't seen this anywhere. Nor anything about Chicago, Texas, LA, etc. (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5437967) |
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Date: April 6th, 2006 1:43 PM Author: brilliant queen of the night new version Jones Day:
NYC: 145 DC: 140 LA & SD: 135 Dallas and Houston: 135 Cleveland & Atlanta: 120
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Date: April 6th, 2006 7:10 PM Author: aggressive property mental disorder OHIOPWN###D
You'd think they'd show some respect to their hometown. |
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Date: April 6th, 2006 8:34 PM Author: nibblets locus lol
id say that is respect...for 120,000 you can live like a king in clev |
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Date: April 11th, 2006 2:47 PM Author: grizzly dilemma famous landscape painting the question is: will Jones Day raise their summer associate pay? the website says that pay for NEW ASSOCIATES in NYC is 145,000. the way they put NEW in bold makes me think that it doesn't apply to summer associates. any info? (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5562634) |
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Date: April 11th, 2006 3:50 PM Author: brilliant queen of the night new version Cleveland/Columbus list Summer associate salary as 10K/month, which reflects the new pay rate for associates.
Not sure why they don't have SA salaries listed elsewhere but if nothing else, that is a good sign. |
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Date: April 11th, 2006 10:58 PM Author: grizzly dilemma famous landscape painting (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5564672) |
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Date: April 11th, 2006 10:59 PM Author: grizzly dilemma famous landscape painting New York summer's assocites bumped to market:
http://www.jonesday.com/FCWSite/careers/summer/summer.aspx?cs=sc&cmid=6746001 |
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Date: April 12th, 2006 7:52 AM Author: brilliant queen of the night new version All summers now bumped to "market."
Not sure whether the clerkship bonus changed. |
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Date: March 18th, 2006 6:46 PM Author: Cerebral talking degenerate Skadden to $2800, per snail mail memo dated March 16. (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5369033) |
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Date: March 18th, 2006 6:55 PM Author: Pale space Added, thanks. (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5369093) |
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Date: March 25th, 2006 2:48 PM Author: aggressive property mental disorder Locke Liddell just matched Baker Botts and now goes to $140K in all offices.
http://biz.yahoo.com/law/060324/695ebf716c673486b21b0e27c14320.html?.v=1 |
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Date: March 28th, 2006 8:37 AM Author: chrome university son of senegal Subject: $140K market rate in Texas?!? This is the most interesting chapter of the salary wars:
What are DC, Chi-town, LA, SF going to do with Texas raising salaries across the board to $140K? Texas only has the cheapest cost of living of any major legal market in the country!
Predictions anyone? Does this indicate that the salary increases have only begun in the top-top markets (they've got to top TX, but then what does NY do?) or is this just typical Texas--irrational exuberance and excess? |
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Date: March 30th, 2006 12:22 PM Author: aggressive property mental disorder Houston's Porter & Hedges, $135K/$145K/$150K/$160K/$165K/$170K Dallas, Houston, Austin, San Antonio: Jenkens & Gilchrist, $140K/$145K/$150K/$160K/$170K/$180K/$185K/$190K
http://biz.yahoo.com/law/060330/6e528b02d068067c98f96cf84e818e60.html?.v=1 |
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Date: March 28th, 2006 10:24 AM Author: sadistic fragrant headpube Wachtell to $150,000 (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5446727) |
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Date: March 31st, 2006 8:17 AM Author: aggressive property mental disorder More on Akin: http://biz.yahoo.com/law/060331/6495b0b26cda353f827f33f17a384543.html?.v=1 (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5474139) |
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Date: April 3rd, 2006 2:13 PM Author: Subject: Some DC firms By Emma Schwartz Legal Times
The law firm associate salary race appears to be coming to a close.
Arnold & Porter, Howrey, Venable, and WilmerHale have all joined onto the recent wave of pay increases that boosted first-year salaries by $10,000 to $135,000 annually.
A few more tidbits: At Venable, all associates will see an increase of $10,000, but because pay doesn’t move in lockstep beyond the second year, the amount will vary for third-years and above.
At Wilmer, the firm has advertised its new rates online. Midlevel associates take note: Pay for third-years is $160,000, $180,000 for fourth-years, and $200,000 for fifth-years. The firm declined comment on why it posted salaries on the Web. |
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Date: April 3rd, 2006 2:15 PM Author: Pale space Weird that Orrick would be the only non-NY firm paying $145k in DC (unless I'm missing something). (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5501743) |
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Date: April 11th, 2006 10:59 AM Author: medicated school cafeteria knife McKee Nelson matched the NY scale. (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5561745) |
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Date: April 10th, 2006 4:15 PM Author: Pale space Gibson has matched Latham and Kirkland in making their raise $10k for all years: http://www.xoxohth.com/thread.php?thread_id=358058&mc=200&forum_id=2#5519917
Orrick (NY at least) has stated that the raises are not coming out of bonuses: http://infirmation.com/bboard/clubs-fetch-msg.tcl?msg_id=002zRc |
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Date: April 11th, 2006 7:44 AM Author: aggressive property mental disorder http://www.law.com/jsp/article.jsp?id=1144672791314&rss=newswire
More Texas increases: Winstead Sechrest & Minick, $135K; Fulbright & Jaworski, $140K; Baker & McKenzie, $140K. |
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Date: April 14th, 2006 3:02 AM Author: Pale space Added Shearman's summer salary at $2800 to my post above: http://www.xoxohth.com/thread.php?thread_id=357285&mc=297&forum_id=2#5049094
If you've heard of others, let me know. |
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Date: April 18th, 2006 3:44 AM Author: Unhinged SRZ SA pay is 2800/week. Just rec'd letter. (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5602868) |
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Date: April 18th, 2006 3:48 AM Author: Pale space Added, thanks. (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5602876) |
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Date: April 18th, 2006 2:42 PM Author: Nighttime brunch Nalpdirectory.com has been updated for 2006 (although some firms still haven't sent in the new form). Seems like most of the LA firms are jumping on the 135k bandwagon. (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5604888) |
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Date: April 18th, 2006 3:15 PM Author: Pale space Thanks, I made a few edits and ran a search to make sure I got all the ~$2800 firms, but otherwise I won't be updating those lists anymore.
Also, as I noted, Jones Day's number seems whacked. |
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Date: April 18th, 2006 3:59 PM Author: hairraiser associate BTW, the Leboeuf Lamb SF/LA/DC offices are all paying 2788. (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5605275) |
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Date: April 18th, 2006 4:15 PM Author: Pale space Oops, missed that one. LeBoeuf doesn't have a separate NALP form for their LA office. (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5605349) |
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Date: April 20th, 2006 8:51 PM Author: Comical maroon station Sughrue Mion went up to 135k today. (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5620010) |
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Date: April 21st, 2006 8:07 AM Author: aggressive property mental disorder http://www.law.com/jsp/article.jsp?id=1145538536876&rss=newswire
Morris, Nichols, Arsht & Tunnell (DE): $135K Young Conaway Stargatt & Taylor (DE): $135K Morris, James, Hitchens & Williams (DE): $120K Fish & Richardson (DE): $135K (announced last March) The article also lists a few other salary increases in other markets and other salaries in DE, but these are the newest. |
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Date: April 22nd, 2006 1:27 PM Author: McDermott DC raises to 135,000; summers get 2,596/wk (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5628565) |
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Date: April 23rd, 2006 2:51 PM Author: topaz yarmulke Subject: Haynes & Boone Houston Summers are getting $2600 now. (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5636241) |
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Date: April 25th, 2006 5:23 PM Author: kink-friendly prole (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5650466) |
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Date: May 7th, 2006 9:52 PM Author: mahogany jewess twinkling uncleanness Subject: so, $150k/yr = $37.50/hr assuming you are working 80 hrs a week. (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5737842) |
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Date: May 7th, 2006 10:09 PM Author: Pale space $150k/yr = $50/hr assuming you are working 60 hours a week.
Hey, and it also equals $100/hr assuming you're working 30 hours a week! How about not making random assumptions and getting some data instead? |
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Date: May 29th, 2006 7:22 PM Author: mentally impaired french chef toilet seat . (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5875446) |
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Date: June 8th, 2006 2:02 PM Author: Gay Hilarious People Who Are Hurt bump (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#5939138) |
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Date: June 17th, 2006 12:23 PM Author: burgundy mexican Yeah, this thread probably doesn't need to be a sticky thread anymore. (http://www.autoadmit.com/thread.php?thread_id=357285&forum_id=2#6007002) |