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Milbank matches S&C
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Date: February 8th, 2006 8:27 PM Author: sapphire associate field MEMORANDUM TO ASSOCIATES - CLASSES 2005-1998 AND SPECIALS
Re: 2006 Salaries
We are pleased to announce salary adjustments as listed below:
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
These increases are retroactive to January 1, 2006 and will be reflected in February 28 paychecks for those who are in good standing and with us on that date.
2006 salary increases for Specials will be determined on an individual basis this quarter as usual.
We appreciate all your contributions and look forward to another great year.
By the way, we are disappointed to announce that Earl (The Goat) Manigoat will not be joining us.
THE EXECUTIVE COMMITTEE
February 8, 2006
Milbank Christine Wagner Director of Legal Personnel 1 Chase Manhattan Plaza New York, NY 10005 T: (212) 530-5112 F: (212) 822-5112 cwagner@milbank.com www.milbank.com
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Date: February 8th, 2006 8:28 PM Author: electric library and I scoffed at their offer... damn. (http://www.autoadmit.com/thread.php?thread_id=355988&forum_id=2#5032576) |
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Date: February 8th, 2006 8:29 PM Author: infuriating point *snorts* (http://www.autoadmit.com/thread.php?thread_id=355988&forum_id=2#5032587) |
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Date: February 8th, 2006 8:29 PM Author: sapphire associate field You deserve better than them. (http://www.autoadmit.com/thread.php?thread_id=355988&forum_id=2#5032590) |
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Date: February 8th, 2006 8:32 PM Author: electric library I deserve a kick in the balls and a lifetime of loneliness, but maybe thats better than V-40 milbank. (http://www.autoadmit.com/thread.php?thread_id=355988&forum_id=2#5032618) |
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Date: February 8th, 2006 8:34 PM Author: sapphire associate field If Milbank thinks it needs to move with the market, I think we're going to see a ton of matching. (http://www.autoadmit.com/thread.php?thread_id=355988&forum_id=2#5032638) |
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Date: February 8th, 2006 8:35 PM Author: Vengeful market I think solidifies that its not just a V10 move now. (http://www.autoadmit.com/thread.php?thread_id=355988&forum_id=2#5032654) |
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Date: February 8th, 2006 8:37 PM Author: sapphire associate field Yes. (http://www.autoadmit.com/thread.php?thread_id=355988&forum_id=2#5032675) |
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Date: February 8th, 2006 8:37 PM Author: Cheese-eating fishy orchestra pit antidepressant drug It is never a V10 move. All the other major NY firms follow. They always have in recent memory. Nobody ever considered that this might be confined to the V10. (http://www.autoadmit.com/thread.php?thread_id=355988&forum_id=2#5032676) |
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Date: February 8th, 2006 8:38 PM Author: Vengeful market I'm just saying, it confirmed that...and I think some people did think that it might just be a V10ish move but that compensation would remain the same (ala Skadden) (http://www.autoadmit.com/thread.php?thread_id=355988&forum_id=2#5032687) |
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Date: February 8th, 2006 8:39 PM Author: Cheese-eating fishy orchestra pit antidepressant drug OK. I edited out "dummy." (http://www.autoadmit.com/thread.php?thread_id=355988&forum_id=2#5032699) |
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Date: February 8th, 2006 8:40 PM Author: Vengeful market No offense was taken =) I want someone to announce to summers that the pay is now upped to $2800/wk (http://www.autoadmit.com/thread.php?thread_id=355988&forum_id=2#5032704) |
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Date: February 8th, 2006 8:40 PM Author: Cheese-eating fishy orchestra pit antidepressant drug Hehe. Me too. (http://www.autoadmit.com/thread.php?thread_id=355988&forum_id=2#5032710) |
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Date: February 8th, 2006 8:44 PM Author: silver tattoo Despite this board's obsession with vault rankings, compensation does not correspond thereto. There are plenty V10 firms that screw associates in compensation (Skadden, Weil) and there are non-V10 firms that always pay lockstep market bonuses. The moral is that those of you who are too TTT to get offers at the top ranked AND top paying firms, should take a close look at a firms compensation history before choosing a inferior V10 firm over a market paying lower ranked firm. (http://www.autoadmit.com/thread.php?thread_id=355988&forum_id=2#5032750) |
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Date: February 8th, 2006 9:35 PM Author: Vengeful market K&E has unofficially matched as well...all offices is the rumor.
http://www.infirmation.com/bboard/clubs-fetch-msg.tcl?msg_id=002wmI |
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Date: February 8th, 2006 9:36 PM Author: Sick motley shitlib space K&E's pretty big in LA. Here's hoping, anyway. (http://www.autoadmit.com/thread.php?thread_id=355988&forum_id=2#5033327) |
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Date: February 8th, 2006 9:38 PM Author: Vengeful market I wonder if Cali is going to stay at $135 if NYC and Chicago go 145. (http://www.autoadmit.com/thread.php?thread_id=355988&forum_id=2#5033350) |