STB RAISES TO $160K
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Alter Ego | 01/22/07 | | PrestigeWhore | 01/22/07 | | Skadden Shoes | 01/22/07 | | Great Teacher Onizuka | 01/22/07 | | ..,. ..,.. ,..,.,. ., | 01/22/07 | | John Dorian | 01/22/07 | | Great Teacher Onizuka | 01/22/07 | | fizzle fizzle | 01/24/07 | | KirklandTroll | 01/25/07 | | ess/zed | 01/22/07 | | LeiTTTer | 01/22/07 | | ess/zed | 01/22/07 | | If you can't see my mirrors, I can't see you | 01/22/07 | | garbanzo | 01/22/07 | | PoeBoy | 01/22/07 | | Hamdan's Alter Ego | 01/22/07 | | loafer | 01/22/07 | | PrestigeWhore | 01/22/07 | | ess/zed | 01/22/07 | | PrestigeWhore | 01/22/07 | | ess/zed | 01/22/07 | | loafer | 01/22/07 | | Unfrozen Caveman Lawyer | 01/23/07 | | I only jerk off to ex girlfriends | 01/22/07 | | Great Teacher Onizuka | 01/22/07 | | Hazelrah | 01/22/07 | | ess/zed | 01/22/07 | | Great Teacher Onizuka | 01/22/07 | | loafer | 01/22/07 | | Hairy Pooper | 01/22/07 | | Vic Tayback's Sweaty T-Shirt | 01/23/07 | | Hamdan's Alter Ego | 01/22/07 | | Jim Anchower, Esq. | 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01/23/07 | | ()+/ | 01/23/07 | | Hillside Strangler | 01/23/07 | | ..........,,...........,................ | 01/24/07 | | Great Teacher Onizuka | 01/24/07 | | ..........,,...........,................ | 01/26/07 | | Great Teacher Onizuka | 01/24/07 | | CardozoJr | 01/24/07 | | Nwanda | 01/24/07 | | Great Teacher Onizuka | 01/24/07 | | Buzz Killington | 01/23/07 | | PeopleComeHereToDanceProvacatively | 01/24/07 | | gadzooks | 01/24/07 | | bebe2 | 01/24/07 | | shortsleeve | 01/24/07 | | ,...,.,........;.....,...,..;......,.,, | 01/24/07 | | Noob Saibot | 01/24/07 | | ,...,.,........;.....,...,..;......,.,, | 01/24/07 | | Noob Saibot | 01/24/07 | | LeiTTTer | 01/25/07 | | loafer | 01/25/07 | | Noob Saibot | 01/25/07 | | done and done | 01/27/07 | | jimpop | 01/27/07 | | Noob Saibot | 01/28/07 | | loafer | 01/29/07 | | Noob Saibot | 01/29/07 | | loafer | 02/04/07 | | NewTaxAssoc | 01/24/07 | | ..........,,...........,................ | 01/26/07 | | NewTaxAssoc | 01/29/07 | | skaddddden | 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Poast new message in this thread
Date: January 22nd, 2007 4:33 PM Author: I only jerk off to ex girlfriends (earl)
We believe we have the finest legal team of any global law firm. In appreciation of your efforts, we are pleased to increase associate base salaries as follows, effective January 1, 2007:
Class of 2006 - $160,000
Class of 2005 - $170,000
Class of 2004 - $185,000
Class of 2003 - $210,000
Class of 2002 - $230,000
Class of 2001 - $250,000
Class of 2000 - $265,000
Class of 1999 - $280,000
Class of 1998 - $290,000
We are also raising the base salary for the members of the Class of 2007, who will arrive in the fall, to $160,000.
Counsel and classes senior to 1998 will be addressed on an individual basis.
Again, on behalf of the Firm, thank you for your commitment and hard work.
This just in.
Lets hope so.
(http://www.autoadmit.com/thread.php?thread_id=568075&forum_id=2#7468285) |
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Date: January 22nd, 2007 4:37 PM Author: I only jerk off to ex girlfriends (earl)
yes my friend there.
he sent me the memo but I cant fwd it.
(http://www.autoadmit.com/thread.php?thread_id=568075&forum_id=2#7468304) |
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Date: January 22nd, 2007 4:40 PM Author: thatguy
SIMPSON THACHER & BARTLETT LLP
MEMORANDUM TO ALL ASSOCIATES AND COUNSEL
The Firm has been very busy and we expect the high level of activity to continue. We are proud of the results we are helping our clients achieve.
We believe we have the finest legal team of any global law firm. In appreciation of your efforts, we are pleased to increase associate base salaries as follows, effective January 1, 2007:
Class of 2006 - $160,000
Class of 2005 - $170,000
Class of 2004 - $185,000
Class of 2003 - $210,000
Class of 2002 - $230,000
Class of 2001 - $250,000
Class of 2000 - $265,000
Class of 1999 - $280,000
Class of 1998 - $290,000
We are also raising the base salary for the members of the Class of 2007, who will arrive in the fall, to $160,000.
Counsel and classes senior to 1998 will be addressed on an individual basis.
Again, on behalf of the Firm, thank you for your commitment and hard work.
January 22, 2007
Pete Ruegger
(http://www.autoadmit.com/thread.php?thread_id=568075&forum_id=2#7468319) |

Date: January 22nd, 2007 4:42 PM Author: ...,..,.. ,.....,.,.,, .,.,.,, ,,,,.. (Sorry, haters, God is not finished with me yet.)
AWESOME
http://www.abovethelaw.com/2007/01/breaking_simpson_thacher_ups_t.php
(http://www.autoadmit.com/thread.php?thread_id=568075&forum_id=2#7468324) |
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Date: January 25th, 2007 7:29 PM Author: ,,,..,,.,....,,,...,....,,..,,,.........,,..,.,...
You put in an extra zero.
(http://www.autoadmit.com/thread.php?thread_id=568075&forum_id=2#7485427) |
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Date: January 22nd, 2007 4:51 PM Author: Hazelrah (http://xoxoreader.blogspot.com/)
Or MoFo, Orrick, WSGR, Paul Hastings, etc.
Right now you have Irell and Manatt -- all more or less boutiques -- and Kirkland, which is more or less a boutique in Cali.
(http://www.autoadmit.com/thread.php?thread_id=568075&forum_id=2#7468392) |
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Date: January 22nd, 2007 5:57 PM Author: PeterGunz
I don't think it is an even differential - as the other poster noted, DC COL isn't THAT much lower than NYC. Plus, DC bonuses are typically significantly less than NYC.
I really don't see how DC can't bump up after this. A total comp. difference of about $40k between NYC & DC just seems way too high.
(http://www.autoadmit.com/thread.php?thread_id=568075&forum_id=2#7468826) |
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Date: January 22nd, 2007 10:12 PM Author: loafer
or more accurately:
WLRK and STB are the only two NYC firms that are worth working for.
incidentally, this causes my contempt for cravath only to grow
(http://www.autoadmit.com/thread.php?thread_id=568075&forum_id=2#7470039) |

Date: January 22nd, 2007 4:51 PM Author: I only jerk off to ex girlfriends (earl)
FRIED FRANK MATCHES.
that was quick.
(http://www.autoadmit.com/thread.php?thread_id=568075&forum_id=2#7468396) |
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Date: January 22nd, 2007 9:16 PM Author: Nwanda
yeah, but didnt this happen a couple of years ago when the market went to 145 and the firm initially said it was going to keep SAs at 125 and only after getting ridiculed on this board and others did they change it.
I could see that happening again, but lets hope they learned their lesson.
(http://www.autoadmit.com/thread.php?thread_id=568075&forum_id=2#7469666) |
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Date: January 22nd, 2007 5:13 PM Author: LeiTTTer ("ah yes, the bob loblaw law blog")
i went to a cali based firm
135k + 10k bonus compared to 160k + 30k bonus = pretty big deal
(http://www.autoadmit.com/thread.php?thread_id=568075&forum_id=2#7468527) |
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Date: January 22nd, 2007 5:03 PM Author: ICE
Well the difference between $125k and what I took instead was pretty big, but it seemed worth it because I liked the other, smaller firm. It was a tough decision though.
Now I regret the fuck out of it.
(http://www.autoadmit.com/thread.php?thread_id=568075&forum_id=2#7468475) |
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Date: January 22nd, 2007 9:59 PM Author: 174 (Destroyer of lives)
LOL
Most top firms lack billing requirements. You don't work in biglaw if you believe them.
(http://www.autoadmit.com/thread.php?thread_id=568075&forum_id=2#7469946) |
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Date: January 23rd, 2007 11:59 AM Author: VoodooChile
there's no need for a requirement, even an unspoken one, if you're given a constant stream of work that will keep you billing 50-60 hours per week.
regardless of how hard it is to get fired in BIGLAW, i think most people understand that if they're given 60 hours of work and only do half of it (thereby working around a 40-hour week), they're probably going to get kicked out the door.
(http://www.autoadmit.com/thread.php?thread_id=568075&forum_id=2#7472721) |
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Date: January 22nd, 2007 5:01 PM Author: umm
"When it was $125k, it didn't seem like such a big deal."
who the fuck are YOU?
(http://www.autoadmit.com/thread.php?thread_id=568075&forum_id=2#7468467) |

Date: January 22nd, 2007 5:00 PM Author: Buttsteak
Can someone (preferably someone in the know like GTO or Hazelrah) please explain the logic of this move to me. Why would STB move to $160 when all they had to do was stay where they were. If they wanted to show some good faith, they could've just upped bonuses $5K over market for each class year.
A raise to $160K, plus the market $30-$35K bonus, means that 25 year old kids with no work experience at all will be pulling down roughly $200K in salary. This just doesn't seem like a logical move given the high turnover rates at STB (and all V50 firms). It's also likely to make the partnership at all of STB's peer firms resent them.
Personally, I'm skeptical about the autenticity of this memo. But if it's for real, I'm even more skeptical about the rest of the NYC market matching after they just rasied $20K in base salary a year ago.
I do think, however, that a bold move like this might be enough to push the L.A./Chicago/D.C. markets to meet NYC at $145K.
(http://www.autoadmit.com/thread.php?thread_id=568075&forum_id=2#7468456) |
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Date: January 22nd, 2007 5:07 PM Author: Buttsteak
So you think that STB is setting the bar higher than they think their peer firms are willing to go?
I never understood the term "compensation leader". Does that mean they are always ahead of the market rate, or that they just set the market and then everyone catches up later?
(http://www.autoadmit.com/thread.php?thread_id=568075&forum_id=2#7468497)
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Date: January 22nd, 2007 5:10 PM Author: LeiTTTer ("ah yes, the bob loblaw law blog")
no, they just acted first. other firms will catch up
firms get a lot of good will, esp in recruiting (even if it's not justified), for being the 'first to go to X'
(http://www.autoadmit.com/thread.php?thread_id=568075&forum_id=2#7468509) |
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Date: January 22nd, 2007 5:15 PM Author: LeiTTTer ("ah yes, the bob loblaw law blog")
i think it exists
since there's not much (at least for 2Ls) to distinguish between firms, whether one has an image as a 'compensation leader' or 'grudging follower' figures a bit into the calculus
(http://www.autoadmit.com/thread.php?thread_id=568075&forum_id=2#7468543) |
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Date: January 22nd, 2007 5:24 PM Author: LeiTTTer ("ah yes, the bob loblaw law blog")
whoa, your post is above an earlier post
actually, i think a good number of associates are aware of who set the market when (browse through greedy a bit)
(http://www.autoadmit.com/thread.php?thread_id=568075&forum_id=2#7468607)
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Date: January 22nd, 2007 5:31 PM Author: ess/zed
Even still, would knowing that STB set the market this year meaningfully affect the decision of future 2Ls, when they also know that every peer firm will inevitably match?
It's possible, I guess. But it didn't factor into my decision, and I somehow doubt it factored into other students' decisions.
Don't get me wrong, I appreciate the fact that STB stepped it up, but I just don't see how it benefits them in recruiting.
(http://www.autoadmit.com/thread.php?thread_id=568075&forum_id=2#7468659) |
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Date: January 22nd, 2007 5:39 PM Author: PrestigeWhore
" i'm sure having an image as "market leaders" confers other side benefits"
No, it doesn't. I don't know where you people get this idea. being market leaders has nothing to do with anything other than being the first to send out the memo.
(http://www.autoadmit.com/thread.php?thread_id=568075&forum_id=2#7468695) |
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Date: January 22nd, 2007 5:44 PM Author: LeiTTTer ("ah yes, the bob loblaw law blog")
now you're being ridiculous. are you claiming to know the reasons behind every law student's choice to go to or turn down firms in this and past recruiting seasons? how do you know it didnt affect one person per school? two people? 10? 20? we both only have anecdotal experience, but the mere fact that mine invalidates yours makes your assertion silly.
i'm not sure why you're so fired up against the idea. yes, you like your firm better than STB. you're annoyed they didnt raise first. we get it.
(http://www.autoadmit.com/thread.php?thread_id=568075&forum_id=2#7468725) |
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Date: January 22nd, 2007 5:48 PM Author: PrestigeWhore
Totally different point. Yes, I am sure some kids went to some firm or another because it was a market leader. I never denied that - in fact, I agree with it whole heartedly.
Just because people do it, however, does not mean that it is rational for them to use this as a factor. My point is that there are no side benefits and, really, no benefit at all for having your firm announce first.
(http://www.autoadmit.com/thread.php?thread_id=568075&forum_id=2#7468752) |
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Date: January 22nd, 2007 5:53 PM Author: LeiTTTer ("ah yes, the bob loblaw law blog")
Well, we'll agree to disagree. I think the mere fact that reputation as a 'market leader' will affect some peoples' choices (which you agree with) is a side benefit (which you disagree with).
Like it or not, firms spent a lot of money on recruiting, to set themselves apart from the competition, and to sell themselves to students, and any edge in making students (who = lucrative future profits) choose them over peer firms would, imo, be the definition a 'side benefit'
(http://www.autoadmit.com/thread.php?thread_id=568075&forum_id=2#7468798) |
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Date: January 22nd, 2007 6:01 PM Author: LeiTTTer ("ah yes, the bob loblaw law blog")
oh, i'm speaking solely about the firm. this subthread consists of me saying that "firms get a lot of good will, esp in recruiting (even if it's not justified), for being the 'first to go to X' " and someone else asking whether "Even still, would knowing that STB set the market this year meaningfully affect the decision of future 2Ls, when they also know that every peer firm will inevitably match?" the answer to that is pretty clear
i agree that it's pretty useless perk for associates, as long as everyone else is matching
(http://www.autoadmit.com/thread.php?thread_id=568075&forum_id=2#7468854) |
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Date: January 25th, 2007 12:34 AM Author: 2007summer
As someone who went through the process, I didn't care who first went up to $145k so long as the firms that made me an offer did. Now it would be interesting if this happened during recruiting season. Then I would care!
But isn't this really about mid-level/senior associates?
(http://www.autoadmit.com/thread.php?thread_id=568075&forum_id=2#7481495) |
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Date: January 22nd, 2007 5:28 PM Author: LeiTTTer ("ah yes, the bob loblaw law blog")
but at least they exhibit a willingness to compensate their associates well to be chum
(unlike S+C's grudging "ok, we're raising to 145k, but it's going to come out of your bonuses")
(http://www.autoadmit.com/thread.php?thread_id=568075&forum_id=2#7468639) |
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Date: January 22nd, 2007 5:20 PM Author: Hazelrah (http://xoxoreader.blogspot.com/)
EDIT: This was a response to the post below on PPPs, although it's pretty applicable here too.
I think this is the credited response. Seriously I was surprised that STB didn't step up the bonus instead of salaries, because that would seem the easier way to do this. But maybe they thought higher salaries would hold off attrition more than bonuses (associates might just grab the bonus and run).
(http://www.autoadmit.com/thread.php?thread_id=568075&forum_id=2#7468578) |
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Date: January 23rd, 2007 4:48 PM Author: Idiota Gigante Supreme (We Speak English)
"associates are literally clocked in and out of the office"
like little factory workers?
(http://www.autoadmit.com/thread.php?thread_id=568075&forum_id=2#7474057) |
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Date: January 23rd, 2007 11:39 PM Author: ..,.,.,,,.,.,.,.,.,...,.,.,
Seriously, how low do you think it'll go in NY?
(http://www.autoadmit.com/thread.php?thread_id=568075&forum_id=2#7476103) |
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Date: January 24th, 2007 1:22 AM Author: ..,.,.,,,.,.,.,.,.,...,.,.,
Yes it does. They must be shamed.
(http://www.autoadmit.com/thread.php?thread_id=568075&forum_id=2#7476679) |

Date: January 22nd, 2007 5:19 PM Author: Nwanda
does it make a difference that STB is like the king of private equity? I mean they killed the last couple of years in that hot market.
What about firms who don't do as much of that work? Can they really afford to match?
(http://www.autoadmit.com/thread.php?thread_id=568075&forum_id=2#7468571) |
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Date: January 22nd, 2007 5:27 PM Author: ..,...,.,. ..,,,.,,..,., .,.,...,..,.
its probably more like 1.2m per associate...but the exact figures are available on some thread around here.
(http://www.autoadmit.com/thread.php?thread_id=568075&forum_id=2#7468628) |
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Date: January 22nd, 2007 5:36 PM Author: Buttsteak
Assuming first-years bill out at $275/hour (which is the midrange between $250-$300/hour), when you multiply it by 2200 hours in a year...a first-year brings in $605,000 total. Some of those hours, however, are likely to be cut down by the supervising/billing attorney.
Note that it also costs the firm anywhere between $250,000-$400,000 to recruit, train, pay salary to and provide benefit packages and perks (i.e. blackberries, laptops, gym and parking subsidies, etc.) for a single first-year associate.
So firms really don't make much of young associates at all. In fact, some firms barely break even on new associates the first 2 years.
(http://www.autoadmit.com/thread.php?thread_id=568075&forum_id=2#7468679)
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Date: January 22nd, 2007 5:57 PM Author: Buttsteak
I dont know any firms in NY whose first-years bill out at more than $300/hour (unless they are specialized, like patent litigators).
And don't buy into the hype that NYC lawyers bill "significantly more" than 2200 hours. 2200 hours is pretty average, and a great deal of NYC attorneys never even make it to 2200.
(http://www.autoadmit.com/thread.php?thread_id=568075&forum_id=2#7468825) |
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Date: January 22nd, 2007 6:08 PM Author: LeiTTTer ("ah yes, the bob loblaw law blog")
i would contend that the firms in this discussion (v10-20, since they're the ones who'll be matching) aren't quite "average"
say 300 hour x 2400 (which seems like a fair NYC number and on the low end for v10) = 700k+
(http://www.autoadmit.com/thread.php?thread_id=568075&forum_id=2#7468899) |
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Date: January 22nd, 2007 6:18 PM Author: Buttsteak
You've clearly never worked a firm a day in your life.
2400 is NOT on the "low end" for a v10. The only places where you're likely to find more than 25% of associates billing 2400+ is at Watchtell and Cravath.
At all other V10s, 2400 would be considered above average.
(http://www.autoadmit.com/thread.php?thread_id=568075&forum_id=2#7468956) |

Date: January 22nd, 2007 5:25 PM Author: cubicle
so after bonuses, total associate compensation will be ~190K/nearing the 200K plateau?
(http://www.autoadmit.com/thread.php?thread_id=568075&forum_id=2#7468615)
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Date: January 22nd, 2007 5:29 PM Author: ..,...,.,. ..,,,.,,..,., .,.,...,..,.
yeah, stupid to speculate on total comp. but having a high guaranteed salary is one advantage over ibanking (it helps sign a lease for instance)...firms should leverage that more to discourage attrition to clients.
(http://www.autoadmit.com/thread.php?thread_id=568075&forum_id=2#7468645) |
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Date: January 22nd, 2007 5:52 PM Author: PrestigeWhore
Yes, but those kids tend to be older.
But, no denying bankers make more money.
(http://www.autoadmit.com/thread.php?thread_id=568075&forum_id=2#7468785) |

Date: January 22nd, 2007 5:44 PM Author: ..,. ..,.. ,..,.,. ., Subject: BREAKING NEWS
If KIRKLAND TROLL's not around...
KIRKLAND & ELLIS STILL pwns the market because of its SHATTERING bonuses.
(http://www.autoadmit.com/thread.php?thread_id=568075&forum_id=2#7468728) |
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Date: January 22nd, 2007 6:25 PM Author: John Dorian
It will be interesting to see how K&E plays this.
Technically, even with the $15K bump to other firms, they'll still be paying on average $2K more than their competitors. (This is if you factor in bonuses -- and if you assume the bonuses at the firms that raise will stay at the same level.) So they don't necessarily need to move.
(http://www.autoadmit.com/thread.php?thread_id=568075&forum_id=2#7468981) |
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Date: January 22nd, 2007 7:00 PM Author: Great Teacher Onizuka
Yeah that's very true.
I'm sure a lot of movement will happen soon though.
What I'm most curious about is how this will impact secondary markets.
(http://www.autoadmit.com/thread.php?thread_id=568075&forum_id=2#7469110) |
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Date: January 24th, 2007 7:32 PM Author: fizzle fizzle
Perhaps, but if I were at Kirkland and were willing to lateral, I'd sure as hell prefer a set 160K base salary promise (along with the incremental payments of that sum throughout the year) to having to continue to rely on partner generosity bonus-time just to keep up with other firms.
Kirkland will suffer if it does not match.
(http://www.autoadmit.com/thread.php?thread_id=568075&forum_id=2#7480078)
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Date: January 25th, 2007 2:23 PM Author: KirklandTroll
*MISINFORMATION ALERT*
It is KIRKLAND & ELLIS NYC policy to pay the NYC market in base and to shatter the NYC market with bonuses.
(http://www.autoadmit.com/thread.php?thread_id=568075&forum_id=2#7483894) |

Date: January 22nd, 2007 5:55 PM Author: I only jerk off to ex girlfriends (earl)
MY FIRST STICKY!
*splooges*
(http://www.autoadmit.com/thread.php?thread_id=568075&forum_id=2#7468810) |
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Date: January 22nd, 2007 5:56 PM Author: Hamdan's Alter Ego
MY FIRST SPLOOGE!
*sticky*
(http://www.autoadmit.com/thread.php?thread_id=568075&forum_id=2#7468819) |

Date: January 22nd, 2007 8:00 PM Author: Subotai, thief and archer
Ibanking still PWNS Law.
Just in case anyone forgot.
(http://www.autoadmit.com/thread.php?thread_id=568075&forum_id=2#7469328) |

Date: January 22nd, 2007 8:46 PM Author: .....,.....,......,.,.,.,.,.,....,.,.,..,.,...,.
(http://www.autoadmit.com/thread.php?thread_id=568075&forum_id=2#7469512) |

Date: January 22nd, 2007 9:40 PM Author: ...,..,.. ,.....,.,.,, .,.,.,, ,,,,.. (Sorry, haters, God is not finished with me yet.)
"XOXOHTH folk:
We have revised this post to state that ATL posted the memo first. This we believe to be indisputably true. Thank you.
David Lat"
I guess he posted the text of the memo first, but XO reported the raise first, which is what counts. Idiot.
(http://www.autoadmit.com/thread.php?thread_id=568075&forum_id=2#7469812) |
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Date: January 22nd, 2007 11:10 PM Author: :;;;;.............,.,.,.,..,,,,,,,,,,,..,.,.,.,.,. (Meghan Fitzpatrick, UVa '04)
What a fucking douche.
(http://www.autoadmit.com/thread.php?thread_id=568075&forum_id=2#7470455) |

Date: January 23rd, 2007 7:24 AM Author: IQ65
Under this compensation scheme, a new associate will earn a million dollars in 4.5 years, and NET a million in 6 years.
Who gives a shit about making partner anymore? Just live cheaply, make the bare minimum on your billables, and when you get pushed out, you can do something else.
(http://www.autoadmit.com/thread.php?thread_id=568075&forum_id=2#7472182) |
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Date: January 26th, 2007 2:11 PM Author: ..........,,...........,................
The interest on a million dollars, at 5%, would be $50,000/year. Median income in this country is around $45,000/year. You could easily retire on the interest if you accepted a moderate standard of living, and you could even live on less and let your principle keep growing. NYC wouldn't be your best bet, but you could even live there if you rented.
Or you could work part-time doing whatever you want, and still maintain a standard of living that is well above average.
Plus, at upper-level associate rates it would only take you a few more years (along with compounding interest) to double up. And if your SO was making money the whole time you were, you'd be even wealthier.
(http://www.autoadmit.com/thread.php?thread_id=568075&forum_id=2#7489367) |

Date: January 23rd, 2007 9:18 AM Author: joires (joires)
This is rather incredible. To be 25 years old and making near $200,000 is not bad at all.
Maybe I should consider law again...
(http://www.autoadmit.com/thread.php?thread_id=568075&forum_id=2#7472260) |
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Date: January 23rd, 2007 4:54 PM Author: ChiGuy
But money does lead to a better sex life. If a better sex life brings happiness, then money may lead to happiness.
http://blogs.wsj.com/wealth/2007/01/23/the-rich-libido
(http://www.autoadmit.com/thread.php?thread_id=568075&forum_id=2#7474087) |
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Date: January 23rd, 2007 6:41 PM Author: Morningside2008
Too bad a report a few months ago found that iBankers and lawyers have awful sex lives. It was ain a feature on "Extreme" jobs. Being actually *wealthy* might get you better sex though. Salaries are not wealth.
"Ian Kerner, a New York-based sex therapist, says the study sheds new light on the links between money and sex. One reason that wealth would equate to better sex, he says, is that money helps alleviate many of the daily stresses that can inhibit a couple’s sex life.
“I see in my practice that financial stress can have huge impacts on the libido and can cause general dissatisfaction,” he says. “When you strip away those elements of financial hardship and stress, that can make for better sex. This shows that sex and money are very intertwined.”
(http://www.autoadmit.com/thread.php?thread_id=568075&forum_id=2#7474551)
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Date: January 24th, 2007 4:18 PM Author: ,...,.,........;.....,...,..;......,.,,
If these pay raises are intended to keep midlevels from fleeing, it's hard to see how they can be taken as wise.
These firms would have been way better off if they had left starting at $145K and then provided a big bump around year 3 or 4.
(http://www.autoadmit.com/thread.php?thread_id=568075&forum_id=2#7479268) |
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Date: January 24th, 2007 8:10 PM Author: ,...,.,........;.....,...,..;......,.,,
It would, you know, be an incentive to stay around. HTH.
(http://www.autoadmit.com/thread.php?thread_id=568075&forum_id=2#7480234) |
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Date: January 29th, 2007 2:37 AM Author: loafer
if your problem is that years 4-5 are leaving more rapidly than you'd like, it makes a lot of sense to my mind to increase their weekly paycheck. if junior associates and senior associates aren't leaving more rapidly than you'd like, it makes a lot of sense to my mind not to increase their weekly paycheck.
perhaps you have a point that all associates want to get a raise at once, but i'm not convinced. besides, all associates *don't* get treated equally -- senior associates are practically partners in terms of their authority over junior associates.
(http://www.autoadmit.com/thread.php?thread_id=568075&forum_id=2#7504297) |
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Date: January 26th, 2007 2:23 PM Author: ..........,,...........,................
Skadden's merely matching? If they continue to pay below-market bonuses their associates will get screwed.
Maybe they've given up on pretending to be generous by paying above-market salaries and below-market bonuses, and they'll just match like other firms do?
(http://www.autoadmit.com/thread.php?thread_id=568075&forum_id=2#7489457) |

Date: February 2nd, 2007 12:35 PM Author: I only jerk off to ex girlfriends (earl)
latham matches.
145 non NY
(http://www.autoadmit.com/thread.php?thread_id=568075&forum_id=2#7530599) |
Date: February 8th, 2007 9:59 PM Author: oneiota
bump
(http://www.autoadmit.com/thread.php?thread_id=568075&forum_id=2#7570065) |
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