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BofA GC to Cravath: First Year Associates Not Worth $180K (WSJ)

After Cravath, Swaine & Moore LLP said last week it woul...
Appetizing wine kitty cat location
  06/16/16
Yeah, just do 10 years with no salary increases, bros. Hourl...
claret glittery legal warrant place of business
  06/16/16
And? Is 1st year associate work product worth it?
Curious brilliant state
  06/16/16
It still better than some shitlaw lawyers work product 5 yea...
claret glittery legal warrant place of business
  06/16/16
...
Soul-stirring aquamarine range
  06/16/16
...
lake motley corn cake
  06/16/16
This is completely correct. 5 years in shitlaw pwns first y...
Supple philosopher-king
  06/16/16
...
bateful hissy fit
  06/16/16
Especially if "shitlaw" is actually a boutique doi...
Coral Irate Giraffe
  06/16/16
...
180 shivering multi-billionaire wagecucks
  06/16/16
LJL @ being compared to a 1st year associate who has never t...
180 shivering multi-billionaire wagecucks
  06/16/16
FWIW, biglaw just collects crumbs from the banking industry....
Pungent indirect expression business firm
  06/16/16
The salary doesn't tell you anything. What billable rates...
laughsome garnet university
  06/16/16
I think article says he's not gonna pay $400/hr for a first ...
bright double fault
  06/16/16
well, he's flame. biglaw 1st year rates have been at 400+ fo...
yellow senate selfie
  06/16/16
I agree with you. Not sure the point of his being a total bi...
bright double fault
  06/16/16
see response below: Date: June 16th, 2016 2:32 AM Author...
yellow senate selfie
  06/16/16
180
Appetizing wine kitty cat location
  06/16/16
Astute ty
Charismatic internet-worthy codepig abode
  06/16/16
lmao
Coral Irate Giraffe
  06/16/16
a rare DBG poast I 100% agree with.
Ivory vengeful voyeur
  06/16/16
tyty
yellow senate selfie
  06/16/16
very subtle fake tit trolling
stirring canary stead laser beams
  06/16/16
...
yellow senate selfie
  06/16/16
maybe i can negotiate a 10% discount with Dr. Kim if pumette...
stirring canary stead laser beams
  06/16/16
dr. kim has more than a 10% discount between his legs...
yellow senate selfie
  06/16/16
BEEP BEEP BEEP. it doesnt matter what a 1st year associat...
yellow senate selfie
  06/16/16
1) Clients are always trying to cut costs and improve the va...
Coral Irate Giraffe
  06/16/16
who else is gonna do the work but 1st years? there's not eno...
yellow senate selfie
  06/16/16
A lot of companies will chop up the work and send a lot of t...
Coral Irate Giraffe
  06/16/16
but they won't send the high-level work to shitfirms because...
yellow senate selfie
  06/16/16
Yes, but the cutoff for "this goes to top biglaw" ...
Coral Irate Giraffe
  06/16/16
Hourly rates have absolutely increased over the past decade....
Ivory vengeful voyeur
  06/16/16
Well that's definitely true. They should have just bumped m...
bateful hissy fit
  06/16/16
Cr. Midlevels are the ones getting fucked by this. Bonuses ...
bright double fault
  06/16/16
you can really chart the median age of xo excellently over t...
Unholy den
  06/16/16
...
Pearly crackhouse
  06/16/16
...
yellow senate selfie
  06/16/16
...
Ivory vengeful voyeur
  06/16/16
...
180 shivering multi-billionaire wagecucks
  06/16/16
...
High-end Crotch
  06/16/16
...
trip sickened death wish
  06/16/16
...
Coral Irate Giraffe
  06/16/16
...
Stimulating theater
  06/16/16
...
Arousing locale regret
  06/17/16
...
sepia passionate sanctuary water buffalo
  06/04/18
(boomer bootlicker)
yellow senate selfie
  06/16/16
Whatever firms service BoA there is a 100% chance they have ...
angry metal useless brakes plaza
  06/16/16
cr. lol @ this retarded shitboomer. they've been paying rais...
yellow senate selfie
  06/16/16
no market-driven basis for the increase!!
judgmental principal's office toaster
  06/16/16
...
yellow senate selfie
  06/16/16
Cr, Bank of America's global general counsel just couldn't h...
brass cruise ship
  06/16/16
this guy is obviously a money-grubbing asshole. if he were a...
yellow senate selfie
  06/16/16
He's a good ol boy from Carolina and is the absolute king do...
brass cruise ship
  06/16/16
Don't all Southern Lawyers with Power feel that way?
180 shivering multi-billionaire wagecucks
  06/16/16
Yes. They're not just doing it to you because you're black,...
Mind-boggling Cordovan Church Building Jap
  06/16/16
he's not a good ol boy. he's the guy in carolina with the sm...
yellow senate selfie
  06/16/16
That B of A guy is a clown. Associate pay is an internal ...
laughsome garnet university
  06/16/16
cr, and as mentioned above, the rates have gone up already. ...
yellow senate selfie
  06/16/16
http://about.bankofamerica.com/en-us/our-story/david-leitch....
laughsome garnet university
  06/16/16
rat-faced man lol @ "He served as law clerk to Willi...
yellow senate selfie
  06/16/16
...
Beady-eyed kitchen
  06/16/16
JFC. what a smug boomerface
chartreuse marvelous box office
  06/16/16
...
Contagious brindle bbw turdskin
  06/16/16
...
Mind-boggling Cordovan Church Building Jap
  06/16/16
Maybe he's really more concerned about having to pay more to...
laughsome garnet university
  06/16/16
nah, you're overthinking this. he's just literally an angry ...
yellow senate selfie
  06/16/16
Could be.
laughsome garnet university
  06/16/16
what else could it be? why would you want to be quoted in th...
yellow senate selfie
  06/16/16
...
flatulent swollen rehab
  06/04/18
*refuses to get B of A mortgage if their underwriters get a ...
laughsome garnet university
  06/16/16
...
Charismatic internet-worthy codepig abode
  06/16/16
...
Stimulating theater
  06/16/16
And people wonder why BigLaw is total shit. Purely a functio...
bright double fault
  06/16/16
mfcr. this guy is the exact reason that, if a brief is du...
yellow senate selfie
  06/16/16
Of course. Because as in-house counsel if it sucks and I ha...
Coral Irate Giraffe
  06/16/16
Have you actually read the post you just responded to?
Ivory vengeful voyeur
  06/16/16
I did, my point is that there's a reason for several layers ...
Coral Irate Giraffe
  06/16/16
(boomer bootlicker)
yellow senate selfie
  06/16/16
Not really, I'm just in-house so obviously have a different ...
Coral Irate Giraffe
  06/16/16
you're a boomer bootlicker for justifying the 6 levels of ar...
yellow senate selfie
  06/16/16
I'm actually really good about communicating deadlines and p...
Coral Irate Giraffe
  06/16/16
Crrr 180
Erotic adventurous shitlib
  06/16/16
...
yellow senate selfie
  06/16/16
...
Charismatic internet-worthy codepig abode
  06/16/16
FULL ARTICLE BELOW... BUSINESS LAW Corporate Clients Pu...
yellow senate selfie
  06/16/16
"The chief litigation officer for a Fortune 100 company...
laughsome garnet university
  06/16/16
cr.
yellow senate selfie
  06/16/16
"180,000 for a first year? That's insane. Listen, I'v...
insane boyish public bath faggot firefighter
  06/16/16
...
Coral Irate Giraffe
  06/16/16
"The Gimp's on vacation." "Well, I guess you...
Charismatic internet-worthy codepig abode
  06/16/16
...
excitant ultramarine mexican
  06/04/18
Brutal just brutal
aphrodisiac sexy generalized bond
  06/16/16
looool
180 shivering multi-billionaire wagecucks
  06/16/16
...
laughsome garnet university
  06/16/16
lol
Stimulating theater
  06/16/16
...
Appetizing wine kitty cat location
  06/16/16
Lol litigators youre done here
Charismatic internet-worthy codepig abode
  06/16/16
Before Cravath raising its salaries, associate pay industryw...
chartreuse marvelous box office
  06/16/16
Good lord. Gas this kike
slate background story
  06/16/16
...
Soul-stirring aquamarine range
  06/16/16
TITCR
Vivacious indian lodge main people
  06/16/16
This was my first response when I heard this salary increase...
Coral Irate Giraffe
  06/16/16
1st years are paid that much bc no 1 would pay $300k to go t...
chartreuse marvelous box office
  06/16/16
90% of law students never step foot in biglaw. people will s...
bateful hissy fit
  06/16/16
I totally agree. Problem is that no individual company give...
Coral Irate Giraffe
  06/16/16
Bottom half of LS's are irrelevant here
chartreuse marvelous box office
  06/16/16
If half the T14s closed we wouldn't care either. No one in-...
Coral Irate Giraffe
  06/16/16
it's marketing, yet F500 clients choose the most prestigious...
yellow senate selfie
  06/16/16
yup. companies arent going to eat this increase themselve...
bateful hissy fit
  06/16/16
People Lathamed + even MOAR billable hours expectations. Mo...
Coral Irate Giraffe
  06/16/16
...
Mind-boggling Cordovan Church Building Jap
  06/16/16
(guy mad he now makes less than a 1st year)
pearl cerebral property
  06/16/16
I still make more but my lead is becoming pretty small. All...
Coral Irate Giraffe
  06/16/16
In house bros dont GAF about how firms split up the pie inte...
nudist candlestick maker casino
  06/16/16
No, but we care about fee increases. If fees stay reasonabl...
Coral Irate Giraffe
  06/16/16
Fees increase every year regardless of what law firms pay th...
Ivory vengeful voyeur
  06/16/16
Have 3 biglawyers working for me right now, chief. And you'...
Coral Irate Giraffe
  06/16/16
>>working for me you seem like you're on a power tr...
yellow senate selfie
  06/16/16
Actually, I'm super nice to them and am awesome to work for....
Coral Irate Giraffe
  06/16/16
you keep deadlines reasonable? above, you justified the arti...
yellow senate selfie
  06/16/16
I wasn't so much justifying something like a 3 day timeline ...
Coral Irate Giraffe
  06/16/16
(useless in-house lawyer making worthless edits to justify h...
yellow senate selfie
  06/16/16
I don't review briefs because I'm not a shittigator. But I'...
Coral Irate Giraffe
  06/16/16
what you don't comprehend is that every single douchebag at ...
yellow senate selfie
  06/16/16
No shit.
Coral Irate Giraffe
  06/16/16
Which lower tier firms will you be switching to?
laughsome garnet university
  06/16/16
...
pearl cerebral property
  06/16/16
Explain to me like I am 5 how the stagnant law firm associat...
Ivory vengeful voyeur
  06/16/16
...
yellow senate selfie
  06/16/16
Because partners expect PPP to increase every year. I don't...
Coral Irate Giraffe
  06/16/16
and PPP can increase ONLY via lower salaries relative to bil...
yellow senate selfie
  06/16/16
...
Ivory vengeful voyeur
  06/16/16
Key word "can". But if you think these firms are ...
Coral Irate Giraffe
  06/16/16
the point is that you don't comprehend a firm's internal inp...
yellow senate selfie
  06/16/16
They're not irrelevant. PPP is everything to these partners...
Coral Irate Giraffe
  06/16/16
and he's a fucking douchebag for publicly negotiating. it's ...
yellow senate selfie
  06/16/16
...
Ivory vengeful voyeur
  06/16/16
So what's the downside for him for publicly negotiating like...
Coral Irate Giraffe
  06/16/16
that he's in the WSJ looking like a complete fucking faggot....
yellow senate selfie
  06/16/16
You realize that to the BoD, CEO and major shareholders he l...
Coral Irate Giraffe
  06/16/16
in other words, he feels like a small-dicked faggot when he'...
yellow senate selfie
  06/16/16
Why you mad at this successful bro? He's just doing his job...
Coral Irate Giraffe
  06/16/16
he can do his job well whether or not he gives faggot quotes...
yellow senate selfie
  06/16/16
No, this helps give the appearance he is doing his job to th...
Coral Irate Giraffe
  06/16/16
Ok. Will PPP increase if law firms increase salaries so that...
Ivory vengeful voyeur
  06/16/16
What? They aren't rejecting work because they can't hire en...
Coral Irate Giraffe
  06/16/16
actually, plenty of busy departments ARE rejecting work bc t...
yellow senate selfie
  06/16/16
Yeah man, they can't possibly hire enough first years at $16...
Coral Irate Giraffe
  06/16/16
you need first years and mid-levels both to do the work. and...
yellow senate selfie
  06/16/16
And you wouldn't see a lack of first years @ $160k.
Coral Irate Giraffe
  06/16/16
Even if this were true (see DBG's poast above), if they are ...
Ivory vengeful voyeur
  06/16/16
And none of that is because of a lack of first years or firs...
Coral Irate Giraffe
  06/16/16
First years are part of the chain. You cannot take first yea...
Ivory vengeful voyeur
  06/16/16
...
yellow senate selfie
  06/16/16
You're not "taking them out", you're just not over...
Coral Irate Giraffe
  06/16/16
god you're dense. just stop.
yellow senate selfie
  06/16/16
Can't stop, won't stop.
Coral Irate Giraffe
  06/16/16
Pro tip hotshot: never fucking ever say "working for me...
Wild corner macaca
  06/16/16
harsh but fair
Cerise disrespectful meetinghouse antidepressant drug
  06/16/16
Egregious GC trolling. (But seriously, guy he was replyin...
Mind-boggling Cordovan Church Building Jap
  06/16/16
Ok, explain to me why that was me being a dickweed. This re...
Coral Irate Giraffe
  06/16/16
I dunno man, obviously everyone's pissed off ITT. I'm not e...
Mind-boggling Cordovan Church Building Jap
  06/17/16
...
yellow senate selfie
  06/16/16
...
Razzle-dazzle Godawful Stage Tank
  06/16/16
lol @ getting butthurt over this.
Coral Irate Giraffe
  06/16/16
You came across as a major dick. Just own it and move on . N...
Wild corner macaca
  06/17/16
:( Ok, fair enough. Wasn't my intention to be a big swin...
Coral Irate Giraffe
  06/17/16
Fair. (extends arms outward, moves in to hug it out...)
Wild corner macaca
  06/17/16
...
yellow senate selfie
  06/16/16
I have no idea what I'm talking about (not a LOLyer) but 180...
Vigorous therapy step-uncle's house
  06/16/16
pro athletes get millions in rookie contracts. what's the di...
yellow senate selfie
  06/16/16
LMAO, are you shitting me with this? You think you're like ...
Coral Irate Giraffe
  06/16/16
(guy sent to the D league after 8 months)
Erotic adventurous shitlib
  06/16/16
idea what I'm talking about (not a LOLyer) but 180K for some...
Vigorous therapy step-uncle's house
  06/16/16
Ty.
Coral Irate Giraffe
  06/16/16
Lmao at "we"
spectacular locus masturbator
  06/16/16
seriously. in house bro here and i couldn't care less
nudist candlestick maker casino
  06/16/16
cr. people like TMF is why biglaw is unsufferable. if you're...
yellow senate selfie
  06/16/16
he's also the species of lowly inhouse faggot who gets off o...
nudist candlestick maker casino
  06/16/16
...
yellow senate selfie
  06/16/16
Truly hilarious and pathetic when wage slaves act like they ...
spectacular locus masturbator
  06/16/16
...
High-end Crotch
  06/16/16
Wtf, no.
Coral Irate Giraffe
  06/17/16
...
yellow senate selfie
  06/16/16
Fees increase every year. They call it "inflation.&quo...
Clear Spot
  06/16/16
You don't think they could increase 7% vs 4%? Why would you...
Coral Irate Giraffe
  06/16/16
Clients expect a normal increase each year but not an abnorm...
Clear Spot
  06/16/16
...
yellow senate selfie
  06/16/16
"(cut bonuses, cut summer class headcount, raise billab...
Coral Irate Giraffe
  06/16/16
Cr. My industry overpays at entry level as well
Vigorous therapy step-uncle's house
  06/16/16
cr. this faggot is too dense to see any of this.
yellow senate selfie
  06/16/16
yeah but a lot of them take umbrage at being charged 450 an ...
bateful hissy fit
  06/16/16
Right. When I get a junior associate on something I schedul...
Coral Irate Giraffe
  06/16/16
he must think you're a major douche.
yellow senate selfie
  06/16/16
No one could possibly think this.
Coral Irate Giraffe
  06/16/16
"no idea what they are doing" is flame. it's just ...
yellow senate selfie
  06/16/16
no, it definitely is true. if its monkeywork, give it to a p...
bateful hissy fit
  06/16/16
it's monkeywork for someone with a 120 iq, which is the typi...
yellow senate selfie
  06/16/16
i dunno how it is in litigation, but on deals, half the figh...
bateful hissy fit
  06/16/16
Right. They maintain closing checklists, do DD/doc review (...
Coral Irate Giraffe
  06/16/16
This faggot is just doing his partner bros a solid. PPP are...
nubile dull associate home
  06/16/16
Do you think for a second partners did this expecting to tak...
Coral Irate Giraffe
  06/16/16
*whoosh*
nubile dull associate home
  06/16/16
Not really. Partners aren't doing this out of kindness. Th...
Coral Irate Giraffe
  06/16/16
*whoosh*
nubile dull associate home
  06/16/16
no u
Coral Irate Giraffe
  06/16/16
No, Cravath did it to attract and retain talent. HOURLY FEES...
Ivory vengeful voyeur
  06/16/16
So then you're saying this will come out of PPP? I don't be...
Coral Irate Giraffe
  06/16/16
You've been on xo for a while, so it should not come as a su...
Ivory vengeful voyeur
  06/16/16
...
yellow senate selfie
  06/16/16
I agree in theory but the difference between my top employee...
Vigorous therapy step-uncle's house
  06/16/16
This goes to my point. They didn't need to increase salarie...
Coral Irate Giraffe
  06/16/16
they've ALREADY raised fees by a significant sum, retard.
yellow senate selfie
  06/16/16
...
pearl cerebral property
  06/16/16
Which went to PPP. So are they fine with taking a hit to PP...
Coral Irate Giraffe
  06/16/16
lol @ a jr in house guy making 120k base 'pushing back' ...
pearl cerebral property
  06/16/16
This. TMF you're way too self important for a midlevel in a ...
judgmental principal's office toaster
  06/16/16
ROFL this thread makes a whole lot more sense now that i kno...
yellow senate selfie
  06/16/16
Look, are we not all rat faced men in this wonderful profess...
Coral Irate Giraffe
  06/16/16
...
yellow senate selfie
  06/16/16
Just a faggot posturing for his senior management kike overl...
nudist candlestick maker casino
  06/16/16
It's ANOTHA SHOAH MARTY
Charismatic internet-worthy codepig abode
  06/16/16
...
Appetizing wine kitty cat location
  06/16/16
Anyone who would work for those evil B of A fuckers can take...
Burgundy provocative incel
  06/16/16
Protip: pretty much every major law firm works for B of A.
Coral Irate Giraffe
  06/16/16
Oh, I know. Countrywide for the win. My former partner bough...
Burgundy provocative incel
  06/16/16
And if you don't work for them then you negotiate with them....
Coral Irate Giraffe
  06/16/16
That's true. Those fuckers are everywhere.
Burgundy provocative incel
  06/16/16
they are notorious across the street for being jews about bi...
nudist candlestick maker casino
  06/16/16
this appears to be a global phenomenon
bateful hissy fit
  06/16/16
Someone should find out what this fucker makes and blast it ...
Burgundy provocative incel
  06/16/16
well he was making 2.6 mill at ford before jumping to BAML, ...
bateful hissy fit
  06/16/16
GC of a major bank makes serious money? Shocking!
Coral Irate Giraffe
  06/16/16
The point is, some fucking loud mouthed asshole firing off m...
Burgundy provocative incel
  06/16/16
Why? He is paid that money to keep costs down on legal fees...
Coral Irate Giraffe
  06/16/16
(guy who worked at Latham and shopped at Barney's)
Burgundy provocative incel
  06/16/16
the point is that he's the only one saying it to the press b...
yellow senate selfie
  06/16/16
A super wealthy one at that.
Burgundy provocative incel
  06/16/16
I don't think he's that angry, he just likes to see his name...
Coral Irate Giraffe
  06/16/16
kind of how you don't have anything meaningful to add to the...
Ivory vengeful voyeur
  06/16/16
...
yellow senate selfie
  06/16/16
He likes acting like the boards resident GC despite being so...
judgmental principal's office toaster
  06/16/16
...
yellow senate selfie
  06/16/16
Yeah, kinda...
Coral Irate Giraffe
  06/16/16
so he's an insecure attentionwhoring small-dicked rat-faced ...
yellow senate selfie
  06/16/16
poasters making shitinhouse wages RAILING against biglaw sal...
pearl cerebral property
  06/16/16
...
yellow senate selfie
  06/16/16
BoA can't really say shit about NYC salaries. They kind o...
lascivious dilemma people who are hurt
  06/16/16
Imagine some hick walking into a BofA branch office, DEMANDI...
crystalline frum pit newt
  06/16/16
...
yellow senate selfie
  06/16/16
...
Ivory vengeful voyeur
  06/16/16
yeah, that's really the issue here. Is there any other indu...
tripping titillating cumskin national security agency
  06/16/16
...
yellow senate selfie
  06/16/16
...
nudist candlestick maker casino
  06/16/16
lol
Stimulating theater
  06/16/16
B of A bro runs a fucking $1.2 billion COST CENTER that does...
brass cruise ship
  06/16/16
...
yellow senate selfie
  06/16/16
lol this is true
bateful hissy fit
  06/16/16
http://www.autoadmit.com/thread.php?thread_id=3256507&fo...
nudist candlestick maker casino
  06/16/16
So, to recap: Boomer GC expects efficient, top-quality work ...
poppy dragon prole
  06/16/16
...
yellow senate selfie
  06/16/16
also: TMF got GAPED and sexually HUMILIATED, dick n balls st...
Frisky sooty trump supporter
  06/16/16
Oh look, another MAF biglawyer.
Coral Irate Giraffe
  06/16/16
ljl
Ivory vengeful voyeur
  06/16/16
You guys are seriously hilarious. Yeah, me agreeing with a ...
Coral Irate Giraffe
  06/16/16
the sad part is that you have no independent thought, and th...
yellow senate selfie
  06/16/16
Well, I'm a frugal rat-faced man myself. I just don't think...
Coral Irate Giraffe
  06/16/16
i don't even know what a law is, but even i could follow pum...
Frisky sooty trump supporter
  06/16/16
Their reasoning is pretty simple, it amounts to "I WANT...
Coral Irate Giraffe
  06/16/16
...
yellow senate selfie
  06/16/16
BofA will pay whatever firms ask. Who are they going to go t...
Honey-headed piazza sweet tailpipe
  06/16/16
Axthiom!!!
Ivory vengeful voyeur
  06/16/16
...
yellow senate selfie
  06/16/16
...
Scarlet Hominid
  06/16/16
...
Appetizing wine kitty cat location
  06/16/16
...
racy fluffy field mental disorder
  06/16/16
...
Charismatic internet-worthy codepig abode
  06/17/16
...
flatulent swollen rehab
  06/04/18
ITT: crybabies. This guy is only complaining about incre...
mahogany irradiated pistol
  06/16/16
Thank you, finally someone who gets it.
Coral Irate Giraffe
  06/16/16
"He has a responsibility to the shareholders to hold do...
yellow senate selfie
  06/16/16
Yes, senior management takes their job to generate sharehold...
Coral Irate Giraffe
  06/16/16
the only people reading this article are biglaw associates. ...
yellow senate selfie
  06/16/16
You don't think the BoD and senior management at BOA are rea...
Coral Irate Giraffe
  06/16/16
im sure they read every word of this article and are followi...
yellow senate selfie
  06/16/16
No, but they skimmed it and got the gist of "our GC is ...
Coral Irate Giraffe
  06/16/16
they absolutely did not
chartreuse marvelous box office
  06/16/16
...
yellow senate selfie
  06/16/16
They MIGHT have!
Coral Irate Giraffe
  06/16/16
yeah F500 CEOs whose companies are quotes in dozens of WSJ a...
yellow senate selfie
  06/16/16
The chance of this happening was a major motivator in the GC...
Coral Irate Giraffe
  06/16/16
its not about their shit bank
chartreuse marvelous box office
  06/16/16
...
Ivory vengeful voyeur
  06/16/16
...
yellow senate selfie
  06/16/16
EVERYTHING IS ULTIMATELY ABOUT THEIR SHIT BANK
Coral Irate Giraffe
  06/16/16
Yes, I think he takes his responsibility seriously, as the c...
mahogany irradiated pistol
  06/16/16
tl;dr: this guy and i are both assholish pricks.
yellow senate selfie
  06/16/16
Exactly. Which goes back to my prior statement about all of...
Coral Irate Giraffe
  06/16/16
...
Coral Irate Giraffe
  06/16/16
tl;dr hehe
blue messiness mediation
  06/16/16
didn't this shitbird's bank use taxpayer money to fund fucki...
Cheese-eating magical market rigpig
  06/16/16
...
yellow senate selfie
  06/16/16
Oh for Christ's sake, give it a rest already. If you were h...
Coral Irate Giraffe
  06/16/16
And the reason he hasn't already done that is what, you inca...
poppy dragon prole
  06/16/16
Well mostly because he is a law firm associate and isn't GC ...
Coral Irate Giraffe
  06/16/16
"he" clearly refers to the GC in that poast.
poppy dragon prole
  06/16/16
...
yellow senate selfie
  06/16/16
Well "he" isn't as cheap as DBG.
Coral Irate Giraffe
  06/16/16
"And the reason he hasn't already done that is what&quo...
laughsome garnet university
  06/16/16
that's actually a subreason. the Big Reason is using Cravat...
poppy dragon prole
  06/16/16
...
yellow senate selfie
  06/16/16
holy shit. tmf?
glassy private investor tanning salon
  06/16/16
1) I don't eat talapia 2) Pretty much no large banks/com...
Coral Irate Giraffe
  06/16/16
you are once again proving yourself to be among the bottom q...
poppy dragon prole
  06/17/16
Snarks at 180k for first year attorney.. Pays 400k to some z...
Wild corner macaca
  06/16/16
Global Capitalism dropping a thank you card in the mail addr...
dashing chrome wrinkle shrine
  06/16/16
...
Appetizing wine kitty cat location
  06/16/16
...
ocher yarmulke
  06/16/16
lmao @ how bootlicking martinets like TMF who are literally ...
onyx weed whacker
  06/16/16
...
yellow senate selfie
  06/16/16
I'm not a martinet at all! No idea why you guys are paintin...
Coral Irate Giraffe
  06/16/16
no offense brother but you objectively are a proudly low-emp...
onyx weed whacker
  06/17/16
People here are making some bad assumptions though based on ...
Coral Irate Giraffe
  06/17/16
...
Razzle-dazzle Godawful Stage Tank
  06/16/16
In-house bro here. Glad to see Biglaw bros get the bump, and...
sadistic psychic temple
  06/16/16
, he lisped
Appetizing wine kitty cat location
  06/16/16
Why does this thread have 300+ poasts? Does/did everyone ...
Embarrassed to the bone smoky hall boltzmann
  06/16/16
Impressive, right?
Coral Irate Giraffe
  06/16/16
Boy if first years are really overpaid, sounds like a great ...
Arousing locale regret
  06/16/16
...
yellow senate selfie
  06/17/16
...
Appetizing wine kitty cat location
  06/17/16
Wasn't around for this thread yesterday but DBG and pumette ...
Mildly Autistic Stage
  06/17/16
...
twinkling trust fund elastic band
  06/17/16
tyty
yellow senate selfie
  06/17/16
cr
Arousing locale regret
  06/17/16
...
Charismatic internet-worthy codepig abode
  06/17/16
...
Appetizing wine kitty cat location
  02/21/17
...
Embarrassed to the bone smoky hall boltzmann
  02/21/17
It would be better for law schools to teach their students h...
violent histrionic chapel
  02/21/17
Fuck boomers
judgmental principal's office toaster
  02/21/17
god this thread makes me want to cum all over XO, I love you...
flushed church
  02/21/17
...
Appetizing wine kitty cat location
  12/16/17
...
Appetizing wine kitty cat location
  06/04/18
TY for bumping this. Lol at all the earnest, buckwild RAGE ...
Mind-boggling Cordovan Church Building Jap
  06/04/18
...
flatulent swollen rehab
  06/04/18
This is one of only a couple threads where I find myself agr...
Red learning disabled theater stage keepsake machete
  06/04/18


Poast new message in this thread



Reply Favorite

Date: June 16th, 2016 1:04 AM
Author: Appetizing wine kitty cat location

After Cravath, Swaine & Moore LLP said last week it would boost starting pay for its junior-most lawyers to $180,000, law firms across the country stumbled over themselves to announce salary increases for their own associates.

But now companies are pushing back.

Bank of America Corp.’s top lawyer recently sent an email to a group of law firms calling the increases in associate lawyer pay unjustified, making it clear the bank wouldn’t help firms absorb the cost.

ADVERTISEMENT

“While we respect the firms’ judgment about what best serves their long-term competitive interests, we are aware of no market-driven basis for such an increase and do not expect to bear the costs of the firms’ decisions,” David Leitch, Bank of America’s global general counsel, wrote in the email, reviewed by The Wall Street Journal.

A Bank of America spokesman declined to comment.

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30715976)



Reply Favorite

Date: June 16th, 2016 1:12 AM
Author: claret glittery legal warrant place of business

Yeah, just do 10 years with no salary increases, bros. Hourly rates haven't budged in a decade. Lets be real -- inflation is low but still exists. Everyone has been taking a pay cut for a decade.

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30716007)



Reply Favorite

Date: June 16th, 2016 1:18 AM
Author: Curious brilliant state

And? Is 1st year associate work product worth it?

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30716021)



Reply Favorite

Date: June 16th, 2016 1:26 AM
Author: claret glittery legal warrant place of business

It still better than some shitlaw lawyers work product 5 years out so -- yeah, probably. Banks are just bitching because their entire business model is fucked long term and they know it. Between crypto-currencies, over regulation murdering trading, and the fact that everyone is waking up to the fact that finance is increasingly just a collection of algorithms increasingly running without any people at all behind them and without the people expense it becomes increasingly hard to justify paying bankers their fees.

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30716038)



Reply Favorite

Date: June 16th, 2016 3:54 AM
Author: Soul-stirring aquamarine range



(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30716389)



Reply Favorite

Date: June 16th, 2016 10:20 AM
Author: lake motley corn cake



(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30717262)



Reply Favorite

Date: June 16th, 2016 10:28 AM
Author: Supple philosopher-king

This is completely correct. 5 years in shitlaw pwns first year biglaw associate in many many instances.

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30717319)



Reply Favorite

Date: June 16th, 2016 10:29 AM
Author: bateful hissy fit



(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30717321)



Reply Favorite

Date: June 16th, 2016 10:32 AM
Author: Coral Irate Giraffe

Especially if "shitlaw" is actually a boutique doing relevant things.

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30717344)



Reply Favorite

Date: June 16th, 2016 11:16 AM
Author: 180 shivering multi-billionaire wagecucks



(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30717666)



Reply Favorite

Date: June 16th, 2016 11:16 AM
Author: 180 shivering multi-billionaire wagecucks

LJL @ being compared to a 1st year associate who has never taken a deposition let alone tried a case.

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30717663)



Reply Favorite

Date: June 16th, 2016 10:18 AM
Author: Pungent indirect expression business firm

FWIW, biglaw just collects crumbs from the banking industry. if banks are fucked, so is biglol

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30717252)



Reply Favorite

Date: June 16th, 2016 2:22 AM
Author: laughsome garnet university

The salary doesn't tell you anything.

What billable rates are at issue?

That's what matters.

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30716177)



Reply Favorite

Date: June 16th, 2016 2:27 AM
Author: bright double fault

I think article says he's not gonna pay $400/hr for a first year.

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30716187)



Reply Favorite

Date: June 16th, 2016 2:30 AM
Author: yellow senate selfie

well, he's flame. biglaw 1st year rates have been at 400+ for years. this salary increase is irrelevant.

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30716195)



Reply Favorite

Date: June 16th, 2016 2:30 AM
Author: bright double fault

I agree with you. Not sure the point of his being a total bitch. He seems insufferable.

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30716196)



Reply Favorite

Date: June 16th, 2016 2:32 AM
Author: yellow senate selfie

see response below:

Date: June 16th, 2016 2:32 AM

Author: David Ben Gator-ion (*)

nah, you're overthinking this. he's just literally an angry rat-faced man and the WSJ reporter went down the rolodex and kept calling people until they found a rat-faced man like this who was angry enough with life to give them the money quote they wanted.

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30716201)

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30716203)



Reply Favorite

Date: June 16th, 2016 10:20 AM
Author: Appetizing wine kitty cat location

180

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30717265)



Reply Favorite

Date: June 16th, 2016 10:23 AM
Author: Charismatic internet-worthy codepig abode

Astute ty

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30717277)



Reply Favorite

Date: June 16th, 2016 10:24 AM
Author: Coral Irate Giraffe

lmao

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30717291)



Reply Favorite

Date: June 16th, 2016 10:51 AM
Author: Ivory vengeful voyeur

a rare DBG poast I 100% agree with.

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30717483)



Reply Favorite

Date: June 16th, 2016 11:07 AM
Author: yellow senate selfie

tyty

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30717592)



Reply Favorite

Date: June 16th, 2016 1:08 PM
Author: stirring canary stead laser beams

very subtle fake tit trolling

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30718817)



Reply Favorite

Date: June 16th, 2016 1:09 PM
Author: yellow senate selfie



(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30718833)



Reply Favorite

Date: June 16th, 2016 1:10 PM
Author: stirring canary stead laser beams

maybe i can negotiate a 10% discount with Dr. Kim if pumette and jewess go in together

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30718842)



Reply Favorite

Date: June 16th, 2016 1:11 PM
Author: yellow senate selfie

dr. kim has more than a 10% discount between his legs...

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30718854)



Reply Favorite

Date: June 16th, 2016 2:28 AM
Author: yellow senate selfie

BEEP BEEP BEEP.

it doesnt matter what a 1st year associate's work product is. what matters is the overall value/quality of the services that some F100 company is getting from biglaw and the cost of those services. it doesn't really matter what specific hourly rates various people are charging.

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30716189)



Reply Favorite

Date: June 16th, 2016 10:48 AM
Author: Coral Irate Giraffe

1) Clients are always trying to cut costs and improve the value of services obtained.

2) Many clients are limiting acceptability of 1st years in general because they fuck with the value proposition. These guys are making a move that will further decrease that. Are you really surprised there's push back?

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30717457)



Reply Favorite

Date: June 16th, 2016 10:57 AM
Author: yellow senate selfie

who else is gonna do the work but 1st years? there's not enough 4th yr associates at biglaw firms to do all the work.

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30717536)



Reply Favorite

Date: June 16th, 2016 11:01 AM
Author: Coral Irate Giraffe

A lot of companies will chop up the work and send a lot of the shit work to cheaper firms or legal outsourcing companies. The more this shit happens the greater the incentive to do this. The fact is that first years aren't worth $180k. The fact that law school tuition basically requires that kind of pay to make it all worthwhile is totally irrelevant.

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30717555)



Reply Favorite

Date: June 16th, 2016 11:07 AM
Author: yellow senate selfie

but they won't send the high-level work to shitfirms because they're risk-averse faggots and want to hire the best to CYA if something goes wrong.

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30717589)



Reply Favorite

Date: June 16th, 2016 11:08 AM
Author: Coral Irate Giraffe

Yes, but the cutoff for "this goes to top biglaw" vs "this goes to cheaper bigaw" vs "this goes to Axiom" is changing and not in the direction you want.

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30717601)



Reply Favorite

Date: June 16th, 2016 10:51 AM
Author: Ivory vengeful voyeur

Hourly rates have absolutely increased over the past decade. This is why keeping the salaries where they were was unfair, even though first-years may be worthless - the clients were still paying for their work and the partners were collecting that money.

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30717478)



Reply Favorite

Date: June 16th, 2016 1:15 AM
Author: bateful hissy fit

Well that's definitely true. They should have just bumped mid level and up

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30716011)



Reply Favorite

Date: June 16th, 2016 1:31 AM
Author: bright double fault

Cr. Midlevels are the ones getting fucked by this. Bonuses will go down. And midlevels will continue to shoulder the (ever increasing) load of clients not trusting juniors. What a horseshit profession.

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30716056)



Reply Favorite

Date: June 16th, 2016 1:33 AM
Author: Unholy den

you can really chart the median age of xo excellently over time by the type of shit it bitches about

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30716059)



Reply Favorite

Date: June 16th, 2016 2:19 AM
Author: Pearly crackhouse



(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30716171)



Reply Favorite

Date: June 16th, 2016 2:24 AM
Author: yellow senate selfie



(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30716181)



Reply Favorite

Date: June 16th, 2016 10:52 AM
Author: Ivory vengeful voyeur



(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30717486)



Reply Favorite

Date: June 16th, 2016 11:18 AM
Author: 180 shivering multi-billionaire wagecucks



(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30717679)



Reply Favorite

Date: June 16th, 2016 12:40 PM
Author: High-end Crotch



(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30718553)



Reply Favorite

Date: June 16th, 2016 5:08 PM
Author: trip sickened death wish



(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30720908)



Reply Favorite

Date: June 16th, 2016 5:13 PM
Author: Coral Irate Giraffe



(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30720953)



Reply Favorite

Date: June 16th, 2016 7:50 PM
Author: Stimulating theater



(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30722436)



Reply Favorite

Date: June 17th, 2016 11:19 AM
Author: Arousing locale regret



(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30726470)



Reply Favorite

Date: June 4th, 2018 2:20 PM
Author: sepia passionate sanctuary water buffalo



(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#36181849)



Reply Favorite

Date: June 16th, 2016 2:24 AM
Author: yellow senate selfie

(boomer bootlicker)

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30716183)



Reply Favorite

Date: June 16th, 2016 2:13 AM
Author: angry metal useless brakes plaza

Whatever firms service BoA there is a 100% chance they have raised their billable rates for associates multiple times since 2007. Whether BoA has agreed to those rates or received a discount is up to BoA. Not sure what the point of this posturing is. Dood just sounds butt hurt that he went in-house.

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30716164)



Reply Favorite

Date: June 16th, 2016 2:22 AM
Author: yellow senate selfie

cr. lol @ this retarded shitboomer. they've been paying raised rates for the past 10 years. it's irrelevant what the firms pay their associates.

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30716178)



Reply Favorite

Date: June 16th, 2016 2:26 AM
Author: judgmental principal's office toaster

no market-driven basis for the increase!!

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30716186)



Reply Favorite

Date: June 16th, 2016 2:37 AM
Author: yellow senate selfie



(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30716215)



Reply Favorite

Date: June 16th, 2016 11:15 AM
Author: brass cruise ship

Cr, Bank of America's global general counsel just couldn't hack it in biglaw

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30717648)



Reply Favorite

Date: June 16th, 2016 11:19 AM
Author: yellow senate selfie

this guy is obviously a money-grubbing asshole. if he were able to make $5-6M in biglaw as opposed to $2M at BofA, he would. he's still butthurt at not being a biglaw rainmaker.

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30717688)



Reply Favorite

Date: June 16th, 2016 11:30 AM
Author: brass cruise ship

He's a good ol boy from Carolina and is the absolute king down there with $2 million/year. He loves lording over kike lawyers in New York and making them fly down to kiss his ball sack

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30717792)



Reply Favorite

Date: June 16th, 2016 11:33 AM
Author: 180 shivering multi-billionaire wagecucks

Don't all Southern Lawyers with Power feel that way?

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30717827)



Reply Favorite

Date: June 16th, 2016 6:11 PM
Author: Mind-boggling Cordovan Church Building Jap

Yes. They're not just doing it to you because you're black, if you were wondering.

You don't know how many of these guys I've bobbed my head and laughed along with as I imagined murdering them.

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30721638)



Reply Favorite

Date: June 16th, 2016 11:37 AM
Author: yellow senate selfie

he's not a good ol boy. he's the guy in carolina with the smallest penis in his fancy country club's locker room.

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30717866)



Reply Favorite

Date: June 16th, 2016 2:21 AM
Author: laughsome garnet university

That B of A guy is a clown.

Associate pay is an internal business decision for firms.

Clients are only affected by the rates they're being charged, which are independent of the input costs.

If some other firm does similar quality work for less, B of A is perfectly free to use it.

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30716176)



Reply Favorite

Date: June 16th, 2016 2:23 AM
Author: yellow senate selfie

cr, and as mentioned above, the rates have gone up already. they've been paying them.

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30716179)



Reply Favorite

Date: June 16th, 2016 2:24 AM
Author: laughsome garnet university

http://about.bankofamerica.com/en-us/our-story/david-leitch.html

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30716182)



Reply Favorite

Date: June 16th, 2016 2:26 AM
Author: yellow senate selfie

rat-faced man

lol @ "He served as law clerk to William H. Rehnquist, Roberts’ predecessor as chief justice,"

is that description really necessary? seems insulting to WHR

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30716185)



Reply Favorite

Date: June 16th, 2016 3:06 AM
Author: Beady-eyed kitchen



(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30716284)



Reply Favorite

Date: June 16th, 2016 10:10 AM
Author: chartreuse marvelous box office

JFC. what a smug boomerface

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30717197)



Reply Favorite

Date: June 16th, 2016 10:29 AM
Author: Contagious brindle bbw turdskin



(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30717320)



Reply Favorite

Date: June 16th, 2016 6:13 PM
Author: Mind-boggling Cordovan Church Building Jap



(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30721650)



Reply Favorite

Date: June 16th, 2016 2:26 AM
Author: laughsome garnet university

Maybe he's really more concerned about having to pay more to recruit for in-house positions.

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30716184)



Reply Favorite

Date: June 16th, 2016 2:32 AM
Author: yellow senate selfie

nah, you're overthinking this. he's just literally an angry rat-faced man and the WSJ reporter went down the rolodex and kept calling people until they found a rat-faced man like this who was angry enough with life to give them the money quote they wanted.

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30716201)



Reply Favorite

Date: June 16th, 2016 2:39 AM
Author: laughsome garnet university

Could be.

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30716219)



Reply Favorite

Date: June 16th, 2016 2:41 AM
Author: yellow senate selfie

what else could it be? why would you want to be quoted in the WSJ about this? if he doesnt like his rates, he's welcome to negotiate a discount with his law firms in private. he's got to be just a major dickhead.

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30716225)



Reply Favorite

Date: June 4th, 2018 4:39 PM
Author: flatulent swollen rehab



(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#36182631)



Reply Favorite

Date: June 16th, 2016 2:29 AM
Author: laughsome garnet university

*refuses to get B of A mortgage if their underwriters get a raise this year*

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30716192)



Reply Favorite

Date: June 16th, 2016 10:30 AM
Author: Charismatic internet-worthy codepig abode



(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30717332)



Reply Favorite

Date: June 16th, 2016 7:52 PM
Author: Stimulating theater



(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30722447)



Reply Favorite

Date: June 16th, 2016 2:35 AM
Author: bright double fault

And people wonder why BigLaw is total shit. Purely a function of having to kowtow to motherfuckers like this.

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30716211)



Reply Favorite

Date: June 16th, 2016 2:40 AM
Author: yellow senate selfie

mfcr.

this guy is the exact reason that, if a brief is due on friday, the junior in-house lawyer asks for the draft on the monday of that week because he's afraid of this guy, even tho this won't review it until friday morning. and the senior partner wants the draft the thursday before, and the junior partner wants the draft the tuesday before....

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30716221)



Reply Favorite

Date: June 16th, 2016 10:16 AM
Author: Coral Irate Giraffe

Of course. Because as in-house counsel if it sucks and I haven't fixed it then my ass is getting handed to me by my boss.

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30717241)



Reply Favorite

Date: June 16th, 2016 10:54 AM
Author: Ivory vengeful voyeur

Have you actually read the post you just responded to?

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30717506)



Reply Favorite

Date: June 16th, 2016 10:56 AM
Author: Coral Irate Giraffe

I did, my point is that there's a reason for several layers of review and everyone is busy so that creates this shitty situation.

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30717523)



Reply Favorite

Date: June 16th, 2016 10:58 AM
Author: yellow senate selfie

(boomer bootlicker)

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30717542)



Reply Favorite

Date: June 16th, 2016 11:05 AM
Author: Coral Irate Giraffe

Not really, I'm just in-house so obviously have a different POV on this issue.

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30717577)



Reply Favorite

Date: June 16th, 2016 11:08 AM
Author: yellow senate selfie

you're a boomer bootlicker for justifying the 6 levels of artificial deadlines and fire drills in biglaw caused by faggots like yourself.

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30717599)



Reply Favorite

Date: June 16th, 2016 11:11 AM
Author: Coral Irate Giraffe

I'm actually really good about communicating deadlines and planning for that crap. But a lot of people aren't. That's just how it is.

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30717616)



Reply Favorite

Date: June 16th, 2016 7:37 PM
Author: Erotic adventurous shitlib

Crrr 180

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30722320)



Reply Favorite

Date: June 16th, 2016 10:58 AM
Author: yellow senate selfie



(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30717541)



Reply Favorite

Date: June 16th, 2016 10:23 AM
Author: Charismatic internet-worthy codepig abode



(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30717280)



Reply Favorite

Date: June 16th, 2016 2:47 AM
Author: yellow senate selfie

FULL ARTICLE BELOW...

BUSINESS LAW

Corporate Clients Push Back After Law Firms Hike Starting Salaries

Bank of America calls decision to boost junior lawyers’ pay to $180,000 unjustified

Worldwide Plaza, home of the offices of Cravath, Swaine & Moore LLP, the law firm whose decision to raise junior lawyers’ starting pay has rankled some companies. ENLARGE

Worldwide Plaza, home of the offices of Cravath, Swaine & Moore LLP, the law firm whose decision to raise junior lawyers’ starting pay has rankled some companies. PHOTO: BLOOMBERG NEWS

By SARA RANDAZZO

Updated June 15, 2016 7:05 p.m. ET

44 COMMENTS

After Cravath, Swaine & Moore LLP said last week it would boost starting pay for its junior-most lawyers to $180,000, law firms across the country stumbled over themselves to announce salary increases for their own associates.

But now companies are pushing back.

Bank of America Corp.’s top lawyer recently sent an email to a group of law firms calling the increases in associate lawyer pay unjustified, making it clear the bank wouldn’t help firms absorb the cost.

“While we respect the firms’ judgment about what best serves their long-term competitive interests, we are aware of no market-driven basis for such an increase and do not expect to bear the costs of the firms’ decisions,” David Leitch, Bank of America’s global general counsel, wrote in the email, reviewed by The Wall Street Journal.

A Bank of America spokesman declined to comment.

The latest law firm salary raises boosted first-year pay by 12.5%, and gave comparable hikes to the rest of the associate lawyer ranks. Pay generally went up by between $20,000 and $35,000 for every associate, topping out at salaries of $315,000 and above for the senior-most associates, typically with eight or nine years of experience.

The chief litigation officer for a Fortune 100 company said $180,000 for a first-year isn’t justified, pointing by way of comparison to a lawyer in the company’s litigation department with 20 years of experience who doesn’t make that much money. “Why would we ever think a first-year associate is worth that?” the lawyer said, adding that they recently denied a firm’s request to charge $400 an hour for a first-year.

The identities of the law firms that received Mr. Leitch’s message aren’t known, but the email appeared to target firms that handle the bank’s litigation.

“We value the work performed by our Litigation Roundtable firms and seek to maintain a true partnership that meets our reciprocal needs—thoughtful, strategic, and cost-competitive representation at rates and alternative billing arrangements that are attractive to our counsel,” wrote Mr. Leitch.

The email ended by saying Mr. Leitch entrusts the firms who receive the email with its work because of their “legal expertise and entrepreneurial instinct,” and looks forward to continuing to partner with them.

Like many other large companies, BofA has worked in recent years to reduce its legal spending; in 2013, the bank told the Association of Corporate Counsel it slimmed the number of firms it hires to defend it in litigation to 30 from around 700. Bank of America spent $1.2 billion on litigation in 2015, according to its earnings report.

BofA has used firms including Skadden, Arps, Slate, Meagher & Flom LLP; Paul, Weiss, Rifkind, Wharton & Garrison LLP and Cleary Gottlieb Steen & Hamilton LLP for big litigation matters in the past. Paul Weiss declined to comment. Representatives for Skadden and Cleary didn’t immediately return calls for comment.

Cravath didn’t immediately respond to a request for comment.

The push-and-pull over pay and rates has for decades been a source of tension between corporate legal departments and the law firms they hire.

Historically, law firms charged their clients in only one way: by the hour. While many in-house lawyers grumbled about the arrangements, saying they encouraged inefficiency and led to eye-popping bills, they mostly paid them.

But within the last decade or so, companies have pushed back. They now routinely demand “flat-fee” arrangements for a single piece of work, like a lawsuit or a transaction. And many have stopped paying for photocopies and legal research, items that were once rubber-stamped.

In-house lawyers have also ramped up resistance to paying for the most junior lawyers, often saying they won’t pay for first- and second-year lawyers even if they are staffed on assignments. Such lawyers, the thinking goes, are too often billed out at hundreds an hour to perform relatively menial tasks, like reviewing documents.

Not all in-house lawyers are railing against the raises.

Edward Ryan, the global general counsel for Marriott International Inc., said he believes “law firms are responsible for their own cost structure” and that what ultimately matters is “the value of what we pay for.” That said, he questioned if clients will “take their business elsewhere” if law firms try to pass off the costs directly.

Before Cravath raising its salaries, associate pay industrywide hadn’t budged in nearly a decade, a time during which law school tuition has skyrocketed, leaving many graduates with upward of $100,000 in debt.

Many associates had complained to law-firm leaders that in recent years their pay scale had failed to keep up with cost-of-living increases.

It isn’t entirely surprising that dozens of firms have followed Cravath’s lead and matched the new salary structure in recent days. Large law firms view keeping pace with market leaders like Cravath as part of staying competitive in recruiting and retaining their younger lawyers, even if their profits are lower and they operate in smaller markets.

Write to Sara Randazzo at sara.randazzo@wsj.com

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30716232)



Reply Favorite

Date: June 16th, 2016 2:52 AM
Author: laughsome garnet university

"The chief litigation officer for a Fortune 100 company said $180,000 for a first-year isn’t justified, pointing by way of comparison to a lawyer in the company’s litigation department with 20 years of experience who doesn’t make that much money."

Then hire and manage more in-house lawyers, genius.

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30716247)



Reply Favorite

Date: June 16th, 2016 2:55 AM
Author: yellow senate selfie

cr.



(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30716252)



Reply Favorite

Date: June 16th, 2016 10:15 AM
Author: insane boyish public bath faggot firefighter

"180,000 for a first year? That's insane. Listen, I've got this guy who's been in our legal department 30 years and isn't even at 6 figures yet."

*Buzzes secretary*

"Pam...get the gimp."

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30717227)



Reply Favorite

Date: June 16th, 2016 10:17 AM
Author: Coral Irate Giraffe



(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30717243)



Reply Favorite

Date: June 16th, 2016 10:19 AM
Author: Charismatic internet-worthy codepig abode

"The Gimp's on vacation."

"Well, I guess you're gonna have to bring him back in pocket."

*Surf music*

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30717261)



Reply Favorite

Date: June 4th, 2018 3:54 PM
Author: excitant ultramarine mexican



(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#36182389)



Reply Favorite

Date: June 16th, 2016 10:23 AM
Author: aphrodisiac sexy generalized bond

Brutal just brutal

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30717282)



Reply Favorite

Date: June 16th, 2016 12:03 PM
Author: 180 shivering multi-billionaire wagecucks

looool

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30718110)



Reply Favorite

Date: June 16th, 2016 4:41 PM
Author: laughsome garnet university



(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30720630)



Reply Favorite

Date: June 16th, 2016 8:03 PM
Author: Stimulating theater

lol

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30722521)



Reply Favorite

Date: June 16th, 2016 10:28 AM
Author: Appetizing wine kitty cat location



(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30717314)



Reply Favorite

Date: June 16th, 2016 10:30 AM
Author: Charismatic internet-worthy codepig abode

Lol litigators youre done here

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30717327)



Reply Favorite

Date: June 16th, 2016 10:16 AM
Author: chartreuse marvelous box office

Before Cravath raising its salaries, associate pay industrywide hadn’t budged in nearly a decade, a time during which law school tuition has skyrocketed, leaving many graduates with upward of $100,000 in debt.

1st years are paid that much bc no 1 would pay $300k to go to law school otherwise. the whole scheme props up law & genderqueer theory research & the like in the academy

shitty article never mentions this and only mentions LS debt at the end

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30717236)



Reply Favorite

Date: June 16th, 2016 2:57 AM
Author: slate background story

Good lord. Gas this kike

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30716254)



Reply Favorite

Date: June 16th, 2016 3:58 AM
Author: Soul-stirring aquamarine range



(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30716398)



Reply Favorite

Date: June 16th, 2016 10:07 AM
Author: Vivacious indian lodge main people

TITCR

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30717187)



Reply Favorite

Date: June 16th, 2016 10:15 AM
Author: Coral Irate Giraffe

This was my first response when I heard this salary increase. No way will F500s stomach increased bills as a result. The prevailing opinion is that fees are already too high and that first years are just inexperienced grunt labor. Junior in-house people commonly aren't paid $180k + bonus, and these are typically people with several years of experience plus when clients are paying they're paying 3x that.

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30717224)



Reply Favorite

Date: June 16th, 2016 10:16 AM
Author: chartreuse marvelous box office

1st years are paid that much bc no 1 would pay $300k to go to law school otherwise. the whole scheme props up law & genderqueer theory research & the like in the academy

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30717242)



Reply Favorite

Date: June 16th, 2016 10:18 AM
Author: bateful hissy fit

90% of law students never step foot in biglaw. people will still pay for ls, as retarded as it may be

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30717253)



Reply Favorite

Date: June 16th, 2016 10:19 AM
Author: Coral Irate Giraffe

I totally agree. Problem is that no individual company gives a shit about this. There's a massive oversupply of lawyers so if half of law schools folded tomorrow it would generate exactly 0 concern. If you think anyone reviewing law firm selection and bills will say "oh, well, law school *is* really expensive these days" then you're kidding yourself.

Also, let's be clear - law firms aren't doing this because they looked at the finances of students. They did this because they thought they could break out and create a more prestigious tier of firms. It is marketing. Trouble is that many clients are at the point where they don't want to pay for this prestige/marketing.

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30717259)



Reply Favorite

Date: June 16th, 2016 10:55 AM
Author: chartreuse marvelous box office

Bottom half of LS's are irrelevant here

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30717509)



Reply Favorite

Date: June 16th, 2016 10:57 AM
Author: Coral Irate Giraffe

If half the T14s closed we wouldn't care either. No one in-house is worried about the continuing supply of lawyers.

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30717531)



Reply Favorite

Date: June 16th, 2016 11:24 AM
Author: yellow senate selfie

it's marketing, yet F500 clients choose the most prestigious firms because that's how they cover their ass to management. in-house lawyers benefit from biglaw firms' "marketing"

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30717732)



Reply Favorite

Date: June 16th, 2016 10:17 AM
Author: bateful hissy fit

yup.

companies arent going to eat this increase themselves, and eventually boomer partners are going to flip about their ppp not increasing as much as theyd like. gonna end with more people getting lathamed

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30717249)



Reply Favorite

Date: June 16th, 2016 10:22 AM
Author: Coral Irate Giraffe

People Lathamed + even MOAR billable hours expectations. More convos will go like this:

Partner: "Listen David, I notice you weren't that productive last week."

David: "Well, I did bill 60 hours and I had my brother's wedding to attend. Remember we talked about that?"

Partner: "Yeah, but weddings take how long? 4 hours? 6 hours? You billed 0 the entire weekend..."

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30717273)



Reply Favorite

Date: June 16th, 2016 6:24 PM
Author: Mind-boggling Cordovan Church Building Jap



(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30721740)



Reply Favorite

Date: June 16th, 2016 10:21 AM
Author: pearl cerebral property

(guy mad he now makes less than a 1st year)

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30717270)



Reply Favorite

Date: June 16th, 2016 10:23 AM
Author: Coral Irate Giraffe

I still make more but my lead is becoming pretty small. All depends on what will happen with bonuses.

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30717279)



Reply Favorite

Date: June 16th, 2016 10:24 AM
Author: nudist candlestick maker casino

In house bros dont GAF about how firms split up the pie internally

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30717287)



Reply Favorite

Date: June 16th, 2016 10:25 AM
Author: Coral Irate Giraffe

No, but we care about fee increases. If fees stay reasonably similar then we don't gaf. But we all know this isn't what firms are thinking.

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30717295)



Reply Favorite

Date: June 16th, 2016 10:57 AM
Author: Ivory vengeful voyeur

Fees increase every year regardless of what law firms pay their associates. Jfc you're either dumb or have no idea what you're talking about or, likely, both.

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30717529)



Reply Favorite

Date: June 16th, 2016 10:59 AM
Author: Coral Irate Giraffe

Have 3 biglawyers working for me right now, chief. And you're dumb if you think what law firms pay their associates and fees increasing are independent.

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30717545)



Reply Favorite

Date: June 16th, 2016 11:00 AM
Author: yellow senate selfie

>>working for me

you seem like you're on a power trip. you're the typical rat-faced small-dicked low-ranking boomer bootlicker in-house counsel who makes biglaw miserable.

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30717551)



Reply Favorite

Date: June 16th, 2016 11:03 AM
Author: Coral Irate Giraffe

Actually, I'm super nice to them and am awesome to work for. I keep deadlines reasonable, am not stingy with the bills, actually take time to train people, etc. But a lot of people ITT need a reality check when it comes to salaries.

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30717564)



Reply Favorite

Date: June 16th, 2016 11:09 AM
Author: yellow senate selfie

you keep deadlines reasonable? above, you justified the artificial deadline bullshit where some 3rd yr is scrambling to do a draft of a brief in 3 days bc some asshole boomers are gonna sit on it for a week.

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30717610)



Reply Favorite

Date: June 16th, 2016 11:13 AM
Author: Coral Irate Giraffe

I wasn't so much justifying something like a 3 day timeline for a brief, but rather justifying that it needs to go through 4-5 levels of review (2-3 at the firm, probably 2 in-house - all of which takes time).

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30717634)



Reply Favorite

Date: June 16th, 2016 11:15 AM
Author: yellow senate selfie

(useless in-house lawyer making worthless edits to justify his job)

ROFL, all of that review is entirely unnecessary and just makes shit worse and wastes time. a run of the mill brief does not need 4-5 levels of review.

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30717650)



Reply Favorite

Date: June 16th, 2016 11:18 AM
Author: Coral Irate Giraffe

I don't review briefs because I'm not a shittigator. But I'm just explaining how shit works. If there's work product and it hits my desk, I'm expected to ensure the quality is sufficient. If it isn't then I have to answer for it. That means I have to review it.



(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30717682)



Reply Favorite

Date: June 16th, 2016 11:23 AM
Author: yellow senate selfie

what you don't comprehend is that every single douchebag at every stage of the review process in biglaw thinks like that and fears for their job and provides some useless CYA edits on some artificial deadline schedule -- all because some rat-faced in-house GC like this BofA faggot is going to make them "answer for it" if there's a missed comma somewhere.

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30717718)



Reply Favorite

Date: June 16th, 2016 12:21 PM
Author: Coral Irate Giraffe

No shit.

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30718340)



Reply Favorite

Date: June 16th, 2016 11:21 AM
Author: laughsome garnet university

Which lower tier firms will you be switching to?

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30717706)



Reply Favorite

Date: June 16th, 2016 11:05 AM
Author: pearl cerebral property



(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30717580)



Reply Favorite

Date: June 16th, 2016 11:04 AM
Author: Ivory vengeful voyeur

Explain to me like I am 5 how the stagnant law firm associate salaries related to hourly billing rates that increased every year.

Keep in mind that while you may see the rates of associates working for you as a client, and those rates are likely grandfathered in for the duration of a particular case, I can see the rates of different associates across clients and cases AND THEY FUCKING GO UP EVERY YEAR.

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30717568)



Reply Favorite

Date: June 16th, 2016 11:10 AM
Author: yellow senate selfie



(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30717612)



Reply Favorite

Date: June 16th, 2016 11:10 AM
Author: Coral Irate Giraffe

Because partners expect PPP to increase every year. I don't see that expectation being suspended because of salary increases.

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30717613)



Reply Favorite

Date: June 16th, 2016 11:13 AM
Author: yellow senate selfie

and PPP can increase ONLY via lower salaries relative to billing rates? lol at this retard shit. PPP can increase by generating more work.

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30717639)



Reply Favorite

Date: June 16th, 2016 11:15 AM
Author: Ivory vengeful voyeur



(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30717655)



Reply Favorite

Date: June 16th, 2016 11:16 AM
Author: Coral Irate Giraffe

Key word "can". But if you think these firms are banking on a BOOM in their respective departments as the economic outlook continues to worsen then you're kidding yourself.

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30717656)



Reply Favorite

Date: June 16th, 2016 11:17 AM
Author: yellow senate selfie

the point is that you don't comprehend a firm's internal inputs are irrelevant. if you don't like the billing rates, renegotiate them or go to a different firm.

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30717673)



Reply Favorite

Date: June 16th, 2016 11:24 AM
Author: Coral Irate Giraffe

They're not irrelevant. PPP is everything to these partners. I guarantee you that no one did this expecting to not make it up elsewhere.

And of course we do that. This article is just this GC firing a warning shot across the bows of these firms. It is him essentially publicly negotiating.

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30717728)



Reply Favorite

Date: June 16th, 2016 11:25 AM
Author: yellow senate selfie

and he's a fucking douchebag for publicly negotiating. it's not even his money. it's the shareholders'. the point is that he's a loser and has a small penis.

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30717744)



Reply Favorite

Date: June 16th, 2016 11:32 AM
Author: Ivory vengeful voyeur



(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30717807)



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Date: June 16th, 2016 12:39 PM
Author: Coral Irate Giraffe

So what's the downside for him for publicly negotiating like this? The rage of a few biglaw associates that will still do what they're told with a shiteating grin?

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30718541)



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Date: June 16th, 2016 1:01 PM
Author: yellow senate selfie

that he's in the WSJ looking like a complete fucking faggot. if you cant see that's a downside, you're beyond help.

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30718746)



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Date: June 16th, 2016 1:05 PM
Author: Coral Irate Giraffe

You realize that to the BoD, CEO and major shareholders he looks like he's working hard to keep costs down, right? And that none of those groups feel even a tiny bit of sympathy for first year associates?

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30718789)



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Date: June 16th, 2016 1:09 PM
Author: yellow senate selfie

in other words, he feels like a small-dicked faggot when he's in a room with real men and needs to "prove" himself by being a faggot and saying retarded shit to the WSJ?

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30718829)



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Date: June 16th, 2016 1:11 PM
Author: Coral Irate Giraffe

Why you mad at this successful bro? He's just doing his job well.

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30718855)



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Date: June 16th, 2016 1:12 PM
Author: yellow senate selfie

he can do his job well whether or not he gives faggot quotes to the WSJ. the point is that he's literally angry.

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30718873)



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Date: June 16th, 2016 4:08 PM
Author: Coral Irate Giraffe

No, this helps give the appearance he is doing his job to the people he cares about.

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30720331)



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Date: June 16th, 2016 11:15 AM
Author: Ivory vengeful voyeur

Ok. Will PPP increase if law firms increase salaries so that they can hire more lawyers and do more work?

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30717652)



Reply Favorite

Date: June 16th, 2016 12:37 PM
Author: Coral Irate Giraffe

What? They aren't rejecting work because they can't hire enough lawyers because salaries aren't high enough.

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30718523)



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Date: June 16th, 2016 1:02 PM
Author: yellow senate selfie

actually, plenty of busy departments ARE rejecting work bc they're swamped.

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30718753)



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Date: June 16th, 2016 1:06 PM
Author: Coral Irate Giraffe

Yeah man, they can't possibly hire enough first years at $160k. Who are you kidding?

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30718802)



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Date: June 16th, 2016 1:10 PM
Author: yellow senate selfie

you need first years and mid-levels both to do the work. and it takes time to hire good people and develop a solid department. you cant just go on the lateral market and hire a bunch of random mid-levels who are good.

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30718847)



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Date: June 16th, 2016 1:14 PM
Author: Coral Irate Giraffe

And you wouldn't see a lack of first years @ $160k.

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30718882)



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Date: June 16th, 2016 1:05 PM
Author: Ivory vengeful voyeur

Even if this were true (see DBG's poast above), if they are not rejecting work and piling it on associates, those associates are hating life and leaving, leaving partners with no worker bees to make money for them. Some firms are absolutely getting crushed right now.

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30718788)



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Date: June 16th, 2016 1:07 PM
Author: Coral Irate Giraffe

And none of that is because of a lack of first years or first years not being paid enough. I make no comment on whether it was justified for more senior associates.

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30718809)



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Date: June 16th, 2016 1:09 PM
Author: Ivory vengeful voyeur

First years are part of the chain. You cannot take first years out and expect the best talent at the mid- and senior levels. Do you really not grasp this concept?

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30718831)



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Date: June 16th, 2016 1:10 PM
Author: yellow senate selfie



(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30718839)



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Date: June 16th, 2016 1:12 PM
Author: Coral Irate Giraffe

You're not "taking them out", you're just not overpaying them. There are a huge number of law students to hire first years from that would kill for the $160k number.

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30718871)



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Date: June 16th, 2016 1:13 PM
Author: yellow senate selfie

god you're dense. just stop.

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30718876)



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Date: June 16th, 2016 1:14 PM
Author: Coral Irate Giraffe

Can't stop, won't stop.

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30718887)



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Date: June 16th, 2016 6:15 PM
Author: Wild corner macaca

Pro tip hotshot: never fucking ever say "working for me" unless your the fucking founder or CEO or GC of the fucking company. You fucking got that geek?

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30721670)



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Date: June 16th, 2016 6:20 PM
Author: Cerise disrespectful meetinghouse antidepressant drug

harsh but fair

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30721703)



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Date: June 16th, 2016 6:28 PM
Author: Mind-boggling Cordovan Church Building Jap

Egregious GC trolling.

(But seriously, guy he was replying to, this is a very important life lesson for you to learn. You need to not be such a dickweed; you could get gangraped and beaten to death by smirking youths on the subway tomorrow and what would you have to show for it? Would the big lawyers who "work for you" mourn your loss?)

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30721773)



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Date: June 16th, 2016 10:23 PM
Author: Coral Irate Giraffe

Ok, explain to me why that was me being a dickweed. This relationship isn't the sort where I'd expect to be mourned if I died. My hair salon wouldn't care either.

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30723724)



Reply Favorite

Date: June 17th, 2016 12:48 PM
Author: Mind-boggling Cordovan Church Building Jap

I dunno man, obviously everyone's pissed off ITT. I'm not even in BL anymore (I do mostly plaintiff-side class actions) and it kinda pisses me off.

You're a GC faggot, not an actual alpha businessman (the type that can't be replaced without significant, tangible downside to the company as a whole) or inventor, or even an alpha trial lawyer. Act accordingly.

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30727114)



Reply Favorite

Date: June 16th, 2016 6:29 PM
Author: yellow senate selfie



(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30721785)



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Date: June 16th, 2016 9:45 PM
Author: Razzle-dazzle Godawful Stage Tank



(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30723429)



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Date: June 16th, 2016 10:22 PM
Author: Coral Irate Giraffe

lol @ getting butthurt over this.

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30723703)



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Date: June 17th, 2016 11:55 AM
Author: Wild corner macaca

You came across as a major dick. Just own it and move on . Nobody's butthurt over it but your statement was so brazenly douchey that you needed to get obliterated over it. Again, take your smack, own it, and move on.

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30726741)



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Date: June 17th, 2016 11:57 AM
Author: Coral Irate Giraffe

:(

Ok, fair enough. Wasn't my intention to be a big swinging dick ITT.

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30726765)



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Date: June 17th, 2016 12:29 PM
Author: Wild corner macaca

Fair. (extends arms outward, moves in to hug it out...)

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30727003)



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Date: June 16th, 2016 10:59 AM
Author: yellow senate selfie



(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30717546)



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Date: June 16th, 2016 6:16 PM
Author: Vigorous therapy step-uncle's house

I have no idea what I'm talking about (not a LOLyer) but 180K for someone with zero experience seems absurd.

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30721679)



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Date: June 16th, 2016 6:29 PM
Author: yellow senate selfie

pro athletes get millions in rookie contracts. what's the difference.

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30721788)



Reply Favorite

Date: June 16th, 2016 10:19 PM
Author: Coral Irate Giraffe

LMAO, are you shitting me with this? You think you're like a pro athlete because you went to a decent law school and can review documents? JFC DBG...

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30723682)



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Date: June 16th, 2016 10:27 PM
Author: Erotic adventurous shitlib

(guy sent to the D league after 8 months)

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30723745)



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Date: June 16th, 2016 6:17 PM
Author: Vigorous therapy step-uncle's house

idea what I'm talking about (not a LOLyer) but 180K for someone with zero experience seems absurd. And at the end of the day BoA (and others) is footing the bill.

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30721686)



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Date: June 16th, 2016 9:47 PM
Author: Coral Irate Giraffe

Ty.

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30723442)



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Date: June 16th, 2016 11:24 AM
Author: spectacular locus masturbator

Lmao at "we"

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30717730)



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Date: June 16th, 2016 11:37 AM
Author: nudist candlestick maker casino

seriously. in house bro here and i couldn't care less

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30717863)



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Date: June 16th, 2016 11:38 AM
Author: yellow senate selfie

cr. people like TMF is why biglaw is unsufferable. if you're lucky, you get an in-house bro who realizes it's all pointless.

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30717872)



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Date: June 16th, 2016 11:40 AM
Author: nudist candlestick maker casino

he's also the species of lowly inhouse faggot who gets off on being an IMPORTANT CLIENT

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30717890)



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Date: June 16th, 2016 11:51 AM
Author: yellow senate selfie



(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30717977)



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Date: June 16th, 2016 12:45 PM
Author: spectacular locus masturbator

Truly hilarious and pathetic when wage slaves act like they have skin in the game when they're just doing their master's bidding

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30718584)



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Date: June 16th, 2016 12:46 PM
Author: High-end Crotch



(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30718593)



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Date: June 17th, 2016 11:58 AM
Author: Coral Irate Giraffe

Wtf, no.

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30726770)



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Date: June 16th, 2016 11:37 AM
Author: yellow senate selfie



(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30717868)



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Date: June 16th, 2016 1:09 PM
Author: Clear Spot

Fees increase every year. They call it "inflation." It's not like fees will go up 10% v. 5% next year due to the salary raise. Frankly, you should be happy about biglaw raises because it ultimately influences in-house salaries. In house that recruits primarily from biglaw won't attract candidates if they're stuck paying $125k to a third year biglaw associate.

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30718830)



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Date: June 16th, 2016 1:10 PM
Author: Coral Irate Giraffe

You don't think they could increase 7% vs 4%? Why would you think that?

And again, I don't mind mid-level/senior salaries going up because they actually know something. Junior salaries increasing is ridiculous.

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30718846)



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Date: June 16th, 2016 1:23 PM
Author: Clear Spot

Clients expect a normal increase each year but not an abnormally high one so they won't run the risk of really pissing the clients off. Associate pay raises are not absorbed by clients. There are a thousand other ways to absorb such costs (cut bonuses, cut summer class headcount, raise billable hours before bonuses, steath layoff deadweight at senior associate and in non equity partner ranks). You act like somehow these pay raises materially cut into PPP. They absolutely don't.

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30718970)



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Date: June 16th, 2016 1:24 PM
Author: yellow senate selfie



(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30718978)



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Date: June 16th, 2016 4:51 PM
Author: Coral Irate Giraffe

"(cut bonuses, cut summer class headcount, raise billable hours before bonuses, steath layoff deadweight at senior associate and in non equity partner ranks)"

Yes, they'll cut bonuses. Summer class headcount is more of a factor of expected need for first years. Yes, they will probably raise billable hours but people have natural/physical limits for this. They lay off deadweight anyway if they aren't profitable.

You still end up with a delta. And it isn't going to be absorbed by the partners.

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30720735)



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Date: June 16th, 2016 6:19 PM
Author: Vigorous therapy step-uncle's house

Cr. My industry overpays at entry level as well

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30721696)



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Date: June 16th, 2016 1:12 PM
Author: yellow senate selfie

cr. this faggot is too dense to see any of this.

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30718865)



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Date: June 16th, 2016 10:26 AM
Author: bateful hissy fit

yeah but a lot of them take umbrage at being charged 450 an hour for someone they know has no idea what they are doing. these complaints are becoming more common

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30717300)



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Date: June 16th, 2016 10:29 AM
Author: Coral Irate Giraffe

Right. When I get a junior associate on something I schedule time to train them because I don't expect that they know anything at all.

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30717324)



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Date: June 16th, 2016 11:02 AM
Author: yellow senate selfie

he must think you're a major douche.

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30717559)



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Date: June 16th, 2016 1:04 PM
Author: Coral Irate Giraffe

No one could possibly think this.

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30718773)



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Date: June 16th, 2016 11:01 AM
Author: yellow senate selfie

"no idea what they are doing" is flame. it's just a way for clients to talk down the bill. the work is monkeywork and a 1st yr can do it.

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30717556)



Reply Favorite

Date: June 16th, 2016 11:03 AM
Author: bateful hissy fit

no, it definitely is true. if its monkeywork, give it to a paralegal. if its substantive, the first year needs to learn how it is actually done. no one actually knows from the start. in reality, first years charge for rearranging commas or doing secretarial tasks while flipping through xo on another screen

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30717566)



Reply Favorite

Date: June 16th, 2016 11:11 AM
Author: yellow senate selfie

it's monkeywork for someone with a 120 iq, which is the typical T14 grad in biglaw.

it doesnt take long to learn how to do most shit in biglaw.

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30717622)



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Date: June 16th, 2016 11:21 AM
Author: bateful hissy fit

i dunno how it is in litigation, but on deals, half the fight is knowing the process and 'whats market' which you can only really learn through experience. sure, you can pick it up, but it doesnt happen that quickly, and most first years ive dealt with (including myself) were really just handling discrete menial tasks while they were expected to observe and learn whats going on.

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30717705)



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Date: June 16th, 2016 11:14 AM
Author: Coral Irate Giraffe

Right. They maintain closing checklists, do DD/doc review (badly, since they often have no idea what they're looking for), do basic research that is going to be reality checked anyway by someone that actually knows something.

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30717644)



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Date: June 16th, 2016 10:15 AM
Author: nubile dull associate home

This faggot is just doing his partner bros a solid. PPP are at all time highs, he's helping them keep it that way.

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30717233)



Reply Favorite

Date: June 16th, 2016 10:32 AM
Author: Coral Irate Giraffe

Do you think for a second partners did this expecting to take a hit to PPP? Of course not, so who do you think they expect to pay for this?

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30717343)



Reply Favorite

Date: June 16th, 2016 10:34 AM
Author: nubile dull associate home

*whoosh*

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30717365)



Reply Favorite

Date: June 16th, 2016 10:35 AM
Author: Coral Irate Giraffe

Not really. Partners aren't doing this out of kindness. They're doing this because they think they can get away with raising fees by a significant sum. It isn't nuts to expect that GCs of major clients are going to balk at this.

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30717370)



Reply Favorite

Date: June 16th, 2016 10:43 AM
Author: nubile dull associate home

*whoosh*

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30717423)



Reply Favorite

Date: June 16th, 2016 10:44 AM
Author: Coral Irate Giraffe

no u

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30717434)



Reply Favorite

Date: June 16th, 2016 10:59 AM
Author: Ivory vengeful voyeur

No, Cravath did it to attract and retain talent. HOURLY FEES INCREASE EVERY YEAR REGARDLESS OF WHAT FIRMS PAY THEIR ASSOCIATES.

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30717543)



Reply Favorite

Date: June 16th, 2016 11:04 AM
Author: Coral Irate Giraffe

So then you're saying this will come out of PPP? I don't believe it.

"to attract and retain talent"

Those are actually meaningless buzzwords. Unless others were paying more, they were paying top of the market. Other firms are matching anyway, so how did this help?

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30717569)



Reply Favorite

Date: June 16th, 2016 11:09 AM
Author: Ivory vengeful voyeur

You've been on xo for a while, so it should not come as a surprise to you that top law school graduates do not choose firms based on compensation alone, and a firm's prestige and status as a compensation leader plays a much bigger role than the salary alone because - as you mentioned - the salary is pretty much the same across the board.

Law firms want to attract the best students because this is one of their tools when soliciting business - hey, client, go with us and not that other law firm because our lawyers are smarter and will outsmart your opponent. This is also how Cravath, e.g., will justify higher billing rates than DLA Piper.



(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30717608)



Reply Favorite

Date: June 16th, 2016 11:12 AM
Author: yellow senate selfie



(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30717631)



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Date: June 16th, 2016 6:24 PM
Author: Vigorous therapy step-uncle's house

I agree in theory but the difference between my top employees and worst employees are not their IQs, it's the rest of the package.

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30721738)



Reply Favorite

Date: June 16th, 2016 10:26 PM
Author: Coral Irate Giraffe

This goes to my point. They didn't need to increase salaries to attract and retain talent, particularly at the first year level. They attract and retain 1st year talent because of the prestige. So this ultimately does nothing to address that.

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30723739)



Reply Favorite

Date: June 16th, 2016 11:02 AM
Author: yellow senate selfie

they've ALREADY raised fees by a significant sum, retard.

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30717563)



Reply Favorite

Date: June 16th, 2016 11:07 AM
Author: pearl cerebral property



(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30717593)



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Date: June 16th, 2016 11:07 AM
Author: Coral Irate Giraffe

Which went to PPP. So are they fine with taking a hit to PPP (which, they NEVER are) or are they planning to raise fees much more to compensate? If the former then I'm great with that, seriously, if the latter then they're going to get push back.

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30717595)



Reply Favorite

Date: June 16th, 2016 11:09 AM
Author: pearl cerebral property

lol @ a jr in house guy making 120k base 'pushing back'

your overlords might push back. you will do wahtever they tell you to do

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30717605)



Reply Favorite

Date: June 16th, 2016 11:24 AM
Author: judgmental principal's office toaster

This. TMF you're way too self important for a midlevel in a 100 man in-house legal dept

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30717725)



Reply Favorite

Date: June 16th, 2016 11:35 AM
Author: yellow senate selfie

ROFL this thread makes a whole lot more sense now that i know this is TMF. he literally aspires to be the rat-faced BofA loser in the article, but never will be bc he has shit TTT credentials.

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30717842)



Reply Favorite

Date: June 16th, 2016 12:44 PM
Author: Coral Irate Giraffe

Look, are we not all rat faced men in this wonderful profession?

But yeah, no way do I get as high as that rat faced man.

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30718574)



Reply Favorite

Date: June 16th, 2016 11:26 AM
Author: yellow senate selfie



(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30717751)



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Date: June 16th, 2016 10:21 AM
Author: nudist candlestick maker casino

Just a faggot posturing for his senior management kike overlords as if only THEIR work product is worth market rates

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30717267)



Reply Favorite

Date: June 16th, 2016 10:22 AM
Author: Charismatic internet-worthy codepig abode

It's ANOTHA SHOAH MARTY

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30717272)



Reply Favorite

Date: June 16th, 2016 10:32 AM
Author: Appetizing wine kitty cat location



(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30717345)



Reply Favorite

Date: June 16th, 2016 10:31 AM
Author: Burgundy provocative incel

Anyone who would work for those evil B of A fuckers can take his opinion and shove it up his own fucking ass.

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30717341)



Reply Favorite

Date: June 16th, 2016 10:41 AM
Author: Coral Irate Giraffe

Protip: pretty much every major law firm works for B of A.

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30717414)



Reply Favorite

Date: June 16th, 2016 10:50 AM
Author: Burgundy provocative incel

Oh, I know. Countrywide for the win. My former partner bought an Italian villa off that shit. But I would NEVER have worked for B of A, and they offered me jobs at least twice when I was handling appellate cases for them.

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30717475)



Reply Favorite

Date: June 16th, 2016 10:55 AM
Author: Coral Irate Giraffe

And if you don't work for them then you negotiate with them. I have an active negotiation with them right now (which, this thread reminds of - I need to review their latest redline).

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30717513)



Reply Favorite

Date: June 16th, 2016 10:56 AM
Author: Burgundy provocative incel

That's true. Those fuckers are everywhere.

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30717522)



Reply Favorite

Date: June 16th, 2016 11:36 AM
Author: nudist candlestick maker casino

they are notorious across the street for being jews about bills. citi too

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30717853)



Reply Favorite

Date: June 16th, 2016 11:41 AM
Author: bateful hissy fit

this appears to be a global phenomenon

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30717894)



Reply Favorite

Date: June 16th, 2016 10:33 AM
Author: Burgundy provocative incel

Someone should find out what this fucker makes and blast it all over the Interwebs. Probably north of $2 million.

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30717356)



Reply Favorite

Date: June 16th, 2016 10:35 AM
Author: bateful hissy fit

well he was making 2.6 mill at ford before jumping to BAML, so thats a good bet

http://executives.findthecompany.com/l/41872/David-G-Leitch

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30717373)



Reply Favorite

Date: June 16th, 2016 10:36 AM
Author: Coral Irate Giraffe

GC of a major bank makes serious money? Shocking!

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30717380)



Reply Favorite

Date: June 16th, 2016 10:50 AM
Author: Burgundy provocative incel

The point is, some fucking loud mouthed asshole firing off memos about raising salaries from 160 to 180 should really keep his fat mouth shut if he is making $4,000,000+ a year.

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30717470)



Reply Favorite

Date: June 16th, 2016 10:53 AM
Author: Coral Irate Giraffe

Why? He is paid that money to keep costs down on legal fees. This is a move to raise legal fees. Of course he objects. Many other GCs are objecting without saying it to the press. Others are conveying that they will not accept any additional fees.

The surprise on this bort is lulzy.

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30717492)



Reply Favorite

Date: June 16th, 2016 10:55 AM
Author: Burgundy provocative incel

(guy who worked at Latham and shopped at Barney's)

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30717515)



Reply Favorite

Date: June 16th, 2016 11:06 AM
Author: yellow senate selfie

the point is that he's the only one saying it to the press bc he's an angry rat-faced man

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30717582)



Reply Favorite

Date: June 16th, 2016 11:06 AM
Author: Burgundy provocative incel

A super wealthy one at that.

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30717585)



Reply Favorite

Date: June 16th, 2016 11:09 AM
Author: Coral Irate Giraffe

I don't think he's that angry, he just likes to see his name in the WSJ.

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30717609)



Reply Favorite

Date: June 16th, 2016 11:17 AM
Author: Ivory vengeful voyeur

kind of how you don't have anything meaningful to add to the discussion but like seeing your name in the subthreads. got it.

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30717674)



Reply Favorite

Date: June 16th, 2016 11:19 AM
Author: yellow senate selfie



(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30717690)



Reply Favorite

Date: June 16th, 2016 11:26 AM
Author: judgmental principal's office toaster

He likes acting like the boards resident GC despite being some low ranking lawyer. Midlevels like this are why biglaw is miserable

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30717755)



Reply Favorite

Date: June 16th, 2016 11:28 AM
Author: yellow senate selfie



(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30717777)



Reply Favorite

Date: June 16th, 2016 12:19 PM
Author: Coral Irate Giraffe

Yeah, kinda...

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30718311)



Reply Favorite

Date: June 16th, 2016 11:20 AM
Author: yellow senate selfie

so he's an insecure attentionwhoring small-dicked rat-faced man who isn't angry? grrreat!

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30717698)



Reply Favorite

Date: June 16th, 2016 11:02 AM
Author: pearl cerebral property

poasters making shitinhouse wages RAILING against biglaw salary increases. why?

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30717558)



Reply Favorite

Date: June 16th, 2016 11:20 AM
Author: yellow senate selfie



(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30717701)



Reply Favorite

Date: June 16th, 2016 11:17 AM
Author: lascivious dilemma people who are hurt

BoA can't really say shit about NYC salaries.

They kind of have a point that $180k is ridiculous in fucking CharloTTTe

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30717672)



Reply Favorite

Date: June 16th, 2016 11:18 AM
Author: crystalline frum pit newt

Imagine some hick walking into a BofA branch office, DEMANDING to see the manager, and then gesturing over to the window tellers: "I heard you gave them faggots a raise. Do that again and I'm-a takin' my checkin' to Wells Fargo."

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30717683)



Reply Favorite

Date: June 16th, 2016 11:20 AM
Author: yellow senate selfie



(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30717703)



Reply Favorite

Date: June 16th, 2016 11:22 AM
Author: Ivory vengeful voyeur



(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30717714)



Reply Favorite

Date: June 16th, 2016 11:25 AM
Author: tripping titillating cumskin national security agency

yeah, that's really the issue here. Is there any other industry where (a) clients would complain about a raise to employees and (b) it would be a news story?

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30717743)



Reply Favorite

Date: June 16th, 2016 11:29 AM
Author: yellow senate selfie



(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30717786)



Reply Favorite

Date: June 16th, 2016 11:39 AM
Author: nudist candlestick maker casino



(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30717883)



Reply Favorite

Date: June 16th, 2016 7:57 PM
Author: Stimulating theater

lol

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30722478)



Reply Favorite

Date: June 16th, 2016 11:26 AM
Author: brass cruise ship

B of A bro runs a fucking $1.2 billion COST CENTER that doesn't produce a dime of revenue. Other execs who actually run divisions that make money probably constantly clown this bro about why he keeps pissing away $1.2 billion. Not to mention he's a fuckin lawyer while the other execs are all bankers. He knows he's the tiniest dick in any room he's in at B of A, so he has to show that he's trying not to waste so much of the bankers' money.

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30717756)



Reply Favorite

Date: June 16th, 2016 11:29 AM
Author: yellow senate selfie



(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30717784)



Reply Favorite

Date: June 16th, 2016 11:31 AM
Author: bateful hissy fit

lol this is true

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30717798)



Reply Favorite

Date: June 16th, 2016 7:23 PM
Author: nudist candlestick maker casino

http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30717267



(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30722211)



Reply Favorite

Date: June 16th, 2016 11:40 AM
Author: poppy dragon prole

So, to recap: Boomer GC expects efficient, top-quality work from the senior firm lawyers he hires, relies on those senior lawyers for his business, but refuses to contribute at all to train the next generation that he will need.

Classic Boomerism.

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30717886)



Reply Favorite

Date: June 16th, 2016 11:44 AM
Author: yellow senate selfie



(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30717915)



Reply Favorite

Date: June 16th, 2016 12:55 PM
Author: Frisky sooty trump supporter

also: TMF got GAPED and sexually HUMILIATED, dick n balls stiletto CRUSHED, cock CAGED and put into a HUMBLER, by a tag team of DBG and pumette ITT. must've been a peak experience

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30718679)



Reply Favorite

Date: June 16th, 2016 12:59 PM
Author: Coral Irate Giraffe

Oh look, another MAF biglawyer.

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30718721)



Reply Favorite

Date: June 16th, 2016 1:01 PM
Author: Ivory vengeful voyeur

ljl

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30718743)



Reply Favorite

Date: June 16th, 2016 1:03 PM
Author: Coral Irate Giraffe

You guys are seriously hilarious. Yeah, me agreeing with a GC of a major bank who is repeating what numerous GCs have stated before which is that 1st years aren't worth a massive salary or fees when they don't know how to do anything and that even large clients are cost conscious is totally nuts.

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30718764)



Reply Favorite

Date: June 16th, 2016 1:14 PM
Author: yellow senate selfie

the sad part is that you have no independent thought, and think you're cool by literally parroting what some rat-faced angry asshole said to the WSJ.

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30718890)



Reply Favorite

Date: June 16th, 2016 4:49 PM
Author: Coral Irate Giraffe

Well, I'm a frugal rat-faced man myself. I just don't think he is as angry as you think.

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30720713)



Reply Favorite

Date: June 16th, 2016 1:11 PM
Author: Frisky sooty trump supporter

i don't even know what a law is, but even i could follow pumette and DBG's line of reasoning quite clearly ITT, and could see that you're wrong

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30718861)



Reply Favorite

Date: June 16th, 2016 4:49 PM
Author: Coral Irate Giraffe

Their reasoning is pretty simple, it amounts to "I WANT MORE MONEY!!!!"

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30720709)



Reply Favorite

Date: June 16th, 2016 1:03 PM
Author: yellow senate selfie



(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30718757)



Reply Favorite

Date: June 16th, 2016 11:49 AM
Author: Honey-headed piazza sweet tailpipe

BofA will pay whatever firms ask. Who are they going to go to instead?

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30717963)



Reply Favorite

Date: June 16th, 2016 11:50 AM
Author: Ivory vengeful voyeur

Axthiom!!!

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30717969)



Reply Favorite

Date: June 16th, 2016 11:52 AM
Author: yellow senate selfie



(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30717982)



Reply Favorite

Date: June 16th, 2016 12:42 PM
Author: Scarlet Hominid



(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30718567)



Reply Favorite

Date: June 16th, 2016 12:44 PM
Author: Appetizing wine kitty cat location



(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30718580)



Reply Favorite

Date: June 16th, 2016 5:37 PM
Author: racy fluffy field mental disorder



(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30721253)



Reply Favorite

Date: June 17th, 2016 5:23 PM
Author: Charismatic internet-worthy codepig abode



(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30729305)



Reply Favorite

Date: June 4th, 2018 4:45 PM
Author: flatulent swollen rehab



(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#36182676)



Reply Favorite

Date: June 16th, 2016 1:40 PM
Author: mahogany irradiated pistol

ITT: crybabies.

This guy is only complaining about increased salaries insofar as they will result in higher costs on his end. He has a responsibility to the shareholders to hold down legal costs. As GC, that's one of his biggest jobs, of not his biggest. This is how business works, kiddos. Each stakeholder tries to increase his economic surplus, by working with other stakeholders or by taking from other stakeholders as the situation may warrant. If you don't like it, as one of my MBA professors once said, go be a church secretary.

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30719090)



Reply Favorite

Date: June 16th, 2016 1:45 PM
Author: Coral Irate Giraffe

Thank you, finally someone who gets it.

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30719120)



Reply Favorite

Date: June 16th, 2016 3:54 PM
Author: yellow senate selfie

"He has a responsibility to the shareholders to hold down legal costs," the bootlicker lisped

breh, do you think any F500 management guy really gives a fuck about his responsibility to shareholders? they're all about keeping their jobs and entrenching themselves for as long as possible and generating short term returns at the expent of long-term shareholder value.

and even if he's correct, making some rat-faced comment to the WSJ isnt going to change anything and just makes him look like an asshole -- which he obviously is and obviously doesnt care.

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30720209)



Reply Favorite

Date: June 16th, 2016 4:05 PM
Author: Coral Irate Giraffe

Yes, senior management takes their job to generate shareholder returns seriously. At the very least, they want to appear like they're very committed to this, which this article helps achieve.

The only people who think this made him look like an asshole are biglaw associates. Seriously.

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30720311)



Reply Favorite

Date: June 16th, 2016 4:10 PM
Author: yellow senate selfie

the only people reading this article are biglaw associates. seriously.

the BoD isnt reading the WSJ to give this guy a pay raise based on his comments to the WSJ.

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30720348)



Reply Favorite

Date: June 16th, 2016 4:12 PM
Author: Coral Irate Giraffe

You don't think the BoD and senior management at BOA are reading WSJ articles about their own bank? Are you kidding me?

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30720358)



Reply Favorite

Date: June 16th, 2016 4:15 PM
Author: yellow senate selfie

im sure they read every word of this article and are following with great interest whether proskauer or reed smith have matched 180K

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30720386)



Reply Favorite

Date: June 16th, 2016 4:16 PM
Author: Coral Irate Giraffe

No, but they skimmed it and got the gist of "our GC is trying to save us money" and are pleased.

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30720393)



Reply Favorite

Date: June 16th, 2016 4:16 PM
Author: chartreuse marvelous box office

they absolutely did not

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30720397)



Reply Favorite

Date: June 16th, 2016 4:18 PM
Author: yellow senate selfie



(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30720420)



Reply Favorite

Date: June 16th, 2016 4:47 PM
Author: Coral Irate Giraffe

They MIGHT have!

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30720691)



Reply Favorite

Date: June 16th, 2016 4:19 PM
Author: yellow senate selfie

yeah F500 CEOs whose companies are quotes in dozens of WSJ articles every day skimmed an article about biglaw pay that happened to have a quote from their GC

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30720426)



Reply Favorite

Date: June 16th, 2016 4:47 PM
Author: Coral Irate Giraffe

The chance of this happening was a major motivator in the GC making that comment.

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30720701)



Reply Favorite

Date: June 16th, 2016 4:16 PM
Author: chartreuse marvelous box office

its not about their shit bank

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30720396)



Reply Favorite

Date: June 16th, 2016 4:21 PM
Author: Ivory vengeful voyeur



(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30720444)



Reply Favorite

Date: June 16th, 2016 4:22 PM
Author: yellow senate selfie



(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30720459)



Reply Favorite

Date: June 16th, 2016 4:46 PM
Author: Coral Irate Giraffe

EVERYTHING IS ULTIMATELY ABOUT THEIR SHIT BANK

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30720689)



Reply Favorite

Date: June 16th, 2016 4:40 PM
Author: mahogany irradiated pistol

Yes, I think he takes his responsibility seriously, as the carrying out of his responsibility is what keeps the huge paychecks rolling in. Yes, I think his comments, both those made publicly and those made privately, will have an effect on promoting his position.

Your tunnel vision is hilarious. You are well-known on here for your frugality, which I respect. Now try to shift your perspective a little bit. This guy's statement is like when you didn't pay the street vendor in Guatemala or wherever. This guy is frugal too. Only with amounts of money bigger than you can imagine.

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30720618)



Reply Favorite

Date: June 16th, 2016 4:41 PM
Author: yellow senate selfie

tl;dr: this guy and i are both assholish pricks.



(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30720634)



Reply Favorite

Date: June 16th, 2016 4:46 PM
Author: Coral Irate Giraffe

Exactly. Which goes back to my prior statement about all of us being rat-faced men in this sinking "profession"

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30720686)



Reply Favorite

Date: June 16th, 2016 4:48 PM
Author: Coral Irate Giraffe



(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30720706)



Reply Favorite

Date: June 16th, 2016 4:18 PM
Author: blue messiness mediation

tl;dr

hehe

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30720421)



Reply Favorite

Date: June 16th, 2016 4:26 PM
Author: Cheese-eating magical market rigpig

didn't this shitbird's bank use taxpayer money to fund fucking bonuses and salary increases back in the recession? He can eat shit.

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30720491)



Reply Favorite

Date: June 16th, 2016 4:29 PM
Author: yellow senate selfie



(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30720521)



Reply Favorite

Date: June 16th, 2016 5:15 PM
Author: Coral Irate Giraffe

Oh for Christ's sake, give it a rest already. If you were him you would be crafting a legal department from biglaw layoffs working on a contract basis for $35/hr just so that you could justify asking for an extra 4% raise.

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30720973)



Reply Favorite

Date: June 16th, 2016 5:17 PM
Author: poppy dragon prole

And the reason he hasn't already done that is what, you incapable-of-logical-inference half-pint Slav?

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30721001)



Reply Favorite

Date: June 16th, 2016 5:21 PM
Author: Coral Irate Giraffe

Well mostly because he is a law firm associate and isn't GC of anything.

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30721049)



Reply Favorite

Date: June 16th, 2016 5:26 PM
Author: poppy dragon prole

"he" clearly refers to the GC in that poast.

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30721111)



Reply Favorite

Date: June 16th, 2016 5:28 PM
Author: yellow senate selfie



(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30721150)



Reply Favorite

Date: June 16th, 2016 5:55 PM
Author: Coral Irate Giraffe

Well "he" isn't as cheap as DBG.

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30721452)



Reply Favorite

Date: June 16th, 2016 6:01 PM
Author: laughsome garnet university

"And the reason he hasn't already done that is what"

Big Reason: Assembling teams of smart specialists admitted to and knowledgeable of every jurisdiction in the country isn't cheap or easy.



(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30721524)



Reply Favorite

Date: June 16th, 2016 6:04 PM
Author: poppy dragon prole

that's actually a subreason. the Big Reason is using Cravath is more cost-effective and/or delivers a better outcome.

now, tilapia-eater, VAT MAKES THIS TRUE?

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30721563)



Reply Favorite

Date: June 16th, 2016 6:30 PM
Author: yellow senate selfie



(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30721801)



Reply Favorite

Date: June 16th, 2016 9:43 PM
Author: glassy private investor tanning salon

holy shit. tmf?

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30723407)



Reply Favorite

Date: June 16th, 2016 9:54 PM
Author: Coral Irate Giraffe

1) I don't eat talapia

2) Pretty much no large banks/companies exclusively use top firms. They use a mix of law firms of various sizes/levels/prices and legal outsourcing type companies. My point was really that DBG is the cheapest of the cheap, trying to give another cheap guy shit for saying something extremely basic.

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30723490)



Reply Favorite

Date: June 17th, 2016 12:09 PM
Author: poppy dragon prole

you are once again proving yourself to be among the bottom quartile, if not bottom tenth, of poasters in intelligence and reading comprehension.

now, ignore your urge to go off on mostly irrelevant tangents and answer the question: what makes biglaw firms worth it for their clients?

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30726864)



Reply Favorite

Date: June 16th, 2016 6:10 PM
Author: Wild corner macaca

Snarks at 180k for first year attorney.. Pays 400k to some zit faced kid to be an excel monkey. Fucking shrewd.

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30721626)



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Date: June 16th, 2016 6:12 PM
Author: dashing chrome wrinkle shrine

Global Capitalism dropping a thank you card in the mail addressed to David Leitch

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30721645)



Reply Favorite

Date: June 16th, 2016 7:18 PM
Author: Appetizing wine kitty cat location



(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30722182)



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Date: June 16th, 2016 8:03 PM
Author: ocher yarmulke



(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30722529)



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Date: June 16th, 2016 7:01 PM
Author: onyx weed whacker

lmao @ how bootlicking martinets like TMF who are literally THE problem with white collar jobs ALWAYS have the insane belief that they are "super nice and awesome to work for."

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30722049)



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Date: June 16th, 2016 7:04 PM
Author: yellow senate selfie



(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30722065)



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Date: June 16th, 2016 9:44 PM
Author: Coral Irate Giraffe

I'm not a martinet at all! No idea why you guys are painting me to be some slave driving asshole.

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30723420)



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Date: June 17th, 2016 11:56 AM
Author: onyx weed whacker

no offense brother but you objectively are a proudly low-empathy dude with thoughts and opinions far outside human norms. I believe that you sincerely believe you are a reasonable guy and good to work with but remember that all your subjective experiences of times you cut a guy some slack are being measured against your internal standards which again, are those of a crazy asshole. love you tho brother

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30726747)



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Date: June 17th, 2016 12:01 PM
Author: Coral Irate Giraffe

People here are making some bad assumptions though based on trying to make me out to be a particular sort of rat faced man. While I'm certainly *a* rat faced man, I'm not *the* rat faced man you guys are imagining.

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30726802)



Reply Favorite

Date: June 16th, 2016 9:48 PM
Author: Razzle-dazzle Godawful Stage Tank



(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30723445)



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Date: June 16th, 2016 9:41 PM
Author: sadistic psychic temple

In-house bro here. Glad to see Biglaw bros get the bump, and not sure if that will translate into higher rates for mega companies like BoA or mine. There are a handful of firms where our annual bills are into the $70-100 million or so range, and we're able to negotiate better rates than the firm's smaller clients. There are some firms that we have 2013 rates locked in with them for the next few years.

The legal fees have become a huge issue over the past few years, and legal is definitely cutting down the number of firms we use. Historically, the department-head attorney could decide which firms to use for its department (e.g., lit, etc). Some attorneys had like 30 firms and others only had a handful. We've definitely seen a trend to narrow that list down as much as possible so that we can concentrate the work with fewer firms to negotiate better rates. By way of example, we had a country counsel for a small Euro country had like 20 law firms, and with no real reason other than giving his buddies a taste.

I can't put or take someone off the list, but I can certainly shift work to one firm over another. Ultimately, I'm sending it to the firm that is more responsive and knows our business. Sometimes we'll go to a firm only to find their advice to nearly useless because they've failed to understand our business or regulatory or internal restrictions. A good portion of my work is getting the outside counsel to educate me on the law or perhaps give us an idea on what our competitors are doing, and it's up to me and my colleagues to make it apply to our business taking into account regulatory and operational limitations.

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30723387)



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Date: June 16th, 2016 9:51 PM
Author: Appetizing wine kitty cat location

, he lisped

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30723467)



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Date: June 16th, 2016 10:00 PM
Author: Embarrassed to the bone smoky hall boltzmann

Why does this thread have 300+ poasts?

Does/did everyone here work at Cravath?

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30723536)



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Date: June 16th, 2016 10:03 PM
Author: Coral Irate Giraffe

Impressive, right?

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30723567)



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Date: June 16th, 2016 11:27 PM
Author: Arousing locale regret

Boy if first years are really overpaid, sounds like a great arbitrage opportunity for BoA. I wonder if they have anyone at that company that understands market structures well enough to exploit such an obvious market inefficiency!

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30724308)



Reply Favorite

Date: June 17th, 2016 11:33 AM
Author: yellow senate selfie



(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30726567)



Reply Favorite

Date: June 17th, 2016 12:33 PM
Author: Appetizing wine kitty cat location



(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30727026)



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Date: June 17th, 2016 11:35 AM
Author: Mildly Autistic Stage

Wasn't around for this thread yesterday but DBG and pumette did solid work, 180 read.

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30726579)



Reply Favorite

Date: June 17th, 2016 12:48 PM
Author: twinkling trust fund elastic band



(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30727116)



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Date: June 17th, 2016 1:06 PM
Author: yellow senate selfie

tyty

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30727225)



Reply Favorite

Date: June 17th, 2016 5:21 PM
Author: Arousing locale regret

cr

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30729288)



Reply Favorite

Date: June 17th, 2016 5:22 PM
Author: Charismatic internet-worthy codepig abode



(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#30729298)



Reply Favorite

Date: February 21st, 2017 9:11 PM
Author: Appetizing wine kitty cat location



(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#32672885)



Reply Favorite

Date: February 21st, 2017 9:32 PM
Author: Embarrassed to the bone smoky hall boltzmann



(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#32673021)



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Date: February 21st, 2017 9:40 PM
Author: violent histrionic chapel

It would be better for law schools to teach their students how to practice law, but that would make too much sense.

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#32673085)



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Date: February 21st, 2017 9:41 PM
Author: judgmental principal's office toaster

Fuck boomers

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#32673101)



Reply Favorite

Date: February 21st, 2017 9:46 PM
Author: flushed church

god this thread makes me want to cum all over XO, I love you all

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#32673128)



Reply Favorite

Date: December 16th, 2017 3:05 AM
Author: Appetizing wine kitty cat location



(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#34933108)



Reply Favorite

Date: June 4th, 2018 2:18 PM
Author: Appetizing wine kitty cat location



(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#36181838)



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Date: June 4th, 2018 4:37 PM
Author: Mind-boggling Cordovan Church Building Jap

TY for bumping this. Lol at all the earnest, buckwild RAGE itt.

If this were a physical, IRL forum rather than a World Wide Web chatboard, TMF would've been beaten down like the black dude from the skateboarding fight scene in the movie Kids.

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#36182615)



Reply Favorite

Date: June 4th, 2018 4:37 PM
Author: flatulent swollen rehab



(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#36182619)



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Date: June 4th, 2018 5:26 PM
Author: Red learning disabled theater stage keepsake machete

This is one of only a couple threads where I find myself agreeing with TMF. If biglaw clients don't want to pay established rates for first years, they can find firms that won't make them pay established rates for first years, and biglaw firms want to continue with the same approach to training first years, it is up to the biglaw partners to eat the loss.

(http://www.autoadmit.com/thread.php?thread_id=3256507&forum_id=2#36183028)