NY GOES TO 180k! IT HAPPENED!!!! (CovingTTTon does a 180! Holder wept.) Forum
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- MCFC
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- jkpolk
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Re: NY GOES TO 180k! IT HAPPENED!!!! (CovingTTTon does a 180! Holder wept.)
TLDR of article: NY to 200K!!
- Tiago Splitter
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Re: NY GOES TO 180k! IT HAPPENED!!!! (CovingTTTon does a 180! Holder wept.)
We need more raises to tease out the signal from the noise.
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Re: NY GOES TO 180k! IT HAPPENED!!!! (CovingTTTon does a 180! Holder wept.)
Tiago Splitter wrote:We need more raises to tease out the signal from the noise.
- TLSModBot
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Re: NY GOES TO 180k! IT HAPPENED!!!! (CovingTTTon does a 180! Holder wept.)
This guy gets itTiago Splitter wrote:We need more raises to tease out the signal from the noise.
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Re: NY GOES TO 180k! IT HAPPENED!!!! (CovingTTTon does a 180! Holder wept.)
It's almost like both pay raises and recessions are cyclical.
- 2014
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Re: NY GOES TO 180k! IT HAPPENED!!!! (CovingTTTon does a 180! Holder wept.)
I haven't followed the AmLaw PPP announcements at all - were profits generally up last year?
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Re: NY GOES TO 180k! IT HAPPENED!!!! (CovingTTTon does a 180! Holder wept.)
NY will go to 200k in 2018.
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Re: NY GOES TO 180k! IT HAPPENED!!!! (CovingTTTon does a 180! Holder wept.)
Why?Hutz_and_Goodman wrote:NY will go to 200k in 2018.
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Re: NY GOES TO 180k! IT HAPPENED!!!! (CovingTTTon does a 180! Holder wept.)
Don't ask questions Anon. Also, I agree.Anonymous User wrote:Why?Hutz_and_Goodman wrote:NY will go to 200k in 2018.
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Re: NY GOES TO 180k! IT HAPPENED!!!! (CovingTTTon does a 180! Holder wept.)
Would other markets such as Chi/LA/Hou follow immediately?Hutz_and_Goodman wrote:NY will go to 200k in 2018.
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Re: NY GOES TO 180k! IT HAPPENED!!!! (CovingTTTon does a 180! Holder wept.)
No, I think the next move NYC will go alone (bc it is the most expensive) and others will follow in 2019/2020.Anonymous User wrote:Would other markets such as Chi/LA/Hou follow immediately?Hutz_and_Goodman wrote:NY will go to 200k in 2018.
- cookiejar1
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Re: NY GOES TO 180k! IT HAPPENED!!!! (CovingTTTon does a 180! Holder wept.)
Hear, hear. NY to 200. Never forget.RaceJudicata wrote:Don't ask questions Anon. Also, I agree.Anonymous User wrote:Why?Hutz_and_Goodman wrote:NY will go to 200k in 2018.
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Re: NY GOES TO 180k! IT HAPPENED!!!! (CovingTTTon does a 180! Holder wept.)
In general firms seemed to have low growth. A few firms reported drops, some of them big, but this seems outweighed by the firms that had great results: CovingTTTon's PPP was up 16% despite them grousing about giving associates a raise, Davis Polk had its "best year ever" and Weil's PPP was up 22%. The elite firms can definitely afford a raise and the other firms can choose if they want to follow. NY to 200.2014 wrote:I haven't followed the AmLaw PPP announcements at all - were profits generally up last year?
- LaLiLuLeLo
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Re: NY GOES TO 180k! IT HAPPENED!!!! (CovingTTTon does a 180! Holder wept.)
Yeah, I'm hoping the elite firms and those with a very healthy PPP try to push and segment the market by going to 200k. Purely out of selfishness.sucsuroc wrote:In general firms seemed to have low growth. A few firms reported drops, some of them big, but this seems outweighed by the firms that had great results: CovingTTTon's PPP was up 16% despite them grousing about giving associates a raise, Davis Polk had its "best year ever" and Weil's PPP was up 22%. The elite firms can definitely afford a raise and the other firms can choose if they want to follow. NY to 200.2014 wrote:I haven't followed the AmLaw PPP announcements at all - were profits generally up last year?
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Re: NY GOES TO 180k! IT HAPPENED!!!! (CovingTTTon does a 180! Holder wept.)
I don't remember. How many years was it between raises last time?sucsuroc wrote:In general firms seemed to have low growth. A few firms reported drops, some of them big, but this seems outweighed by the firms that had great results: CovingTTTon's PPP was up 16% despite them grousing about giving associates a raise, Davis Polk had its "best year ever" and Weil's PPP was up 22%. The elite firms can definitely afford a raise and the other firms can choose if they want to follow. NY to 200.2014 wrote:I haven't followed the AmLaw PPP announcements at all - were profits generally up last year?
Do you guys honestly think the partners want/ need to pay anyone more? Or just wishful thinking?
So it was about a decade between raises before. Jan 2006 - July 2016.
Found the answer in an ATl article announcing the raises.
http://abovethelaw.com/2016/06/breaking ... -salaries/
Last edited by Npret on Sun Mar 05, 2017 4:08 pm, edited 2 times in total.
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Re: NY GOES TO 180k! IT HAPPENED!!!! (CovingTTTon does a 180! Holder wept.)
We can call non-200K bros Biddle DrinkersLaLiLuLeLo wrote:Yeah, I'm hoping the elite firms and those with a very healthy PPP try to push and segment the market by going to 200k. Purely out of selfishness.sucsuroc wrote:In general firms seemed to have low growth. A few firms reported drops, some of them big, but this seems outweighed by the firms that had great results: CovingTTTon's PPP was up 16% despite them grousing about giving associates a raise, Davis Polk had its "best year ever" and Weil's PPP was up 22%. The elite firms can definitely afford a raise and the other firms can choose if they want to follow. NY to 200.2014 wrote:I haven't followed the AmLaw PPP announcements at all - were profits generally up last year?
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- jingosaur
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Re: NY GOES TO 180k! IT HAPPENED!!!! (CovingTTTon does a 180! Holder wept.)
Get the fuck out of here with your negativity.Npret wrote:I don't remember. How many years was it between raises last time?sucsuroc wrote:In general firms seemed to have low growth. A few firms reported drops, some of them big, but this seems outweighed by the firms that had great results: CovingTTTon's PPP was up 16% despite them grousing about giving associates a raise, Davis Polk had its "best year ever" and Weil's PPP was up 22%. The elite firms can definitely afford a raise and the other firms can choose if they want to follow. NY to 200.2014 wrote:I haven't followed the AmLaw PPP announcements at all - were profits generally up last year?
Do you guys honestly think the partners want/ need to pay anyone more? Or just wishful thinking?
So it was about a decade between raises before. Jan 2006 - July 2016.
Found the answer in an ATl article announcing the raises.
http://abovethelaw.com/2016/06/breaking ... -salaries/
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Re: NY GOES TO 180k! IT HAPPENED!!!! (CovingTTTon does a 180! Holder wept.)
+1. Considering I'm at a firm where PPP is north of $3M (hence anonymous post), I think they can afford to go NY TO $200K!jingosaur wrote:Get the fuck out of here with your negativity.Npret wrote:I don't remember. How many years was it between raises last time?sucsuroc wrote:In general firms seemed to have low growth. A few firms reported drops, some of them big, but this seems outweighed by the firms that had great results: CovingTTTon's PPP was up 16% despite them grousing about giving associates a raise, Davis Polk had its "best year ever" and Weil's PPP was up 22%. The elite firms can definitely afford a raise and the other firms can choose if they want to follow. NY to 200.2014 wrote:I haven't followed the AmLaw PPP announcements at all - were profits generally up last year?
Do you guys honestly think the partners want/ need to pay anyone more? Or just wishful thinking?
So it was about a decade between raises before. Jan 2006 - July 2016.
Found the answer in an ATl article announcing the raises.
http://abovethelaw.com/2016/06/breaking ... -salaries/
- cookiejar1
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Re: NY GOES TO 180k! IT HAPPENED!!!! (CovingTTTon does a 180! Holder wept.)
Wishful thinking is what brought us to 180 and wishful thinking is what will bring us to 200. Believe in the power of this thread.Npret wrote:I don't remember. How many years was it between raises last time?sucsuroc wrote:In general firms seemed to have low growth. A few firms reported drops, some of them big, but this seems outweighed by the firms that had great results: CovingTTTon's PPP was up 16% despite them grousing about giving associates a raise, Davis Polk had its "best year ever" and Weil's PPP was up 22%. The elite firms can definitely afford a raise and the other firms can choose if they want to follow. NY to 200.2014 wrote:I haven't followed the AmLaw PPP announcements at all - were profits generally up last year?
Do you guys honestly think the partners want/ need to pay anyone more? Or just wishful thinking?
So it was about a decade between raises before. Jan 2006 - July 2016.
Found the answer in an ATl article announcing the raises.
http://abovethelaw.com/2016/06/breaking ... -salaries/
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Re: NY GOES TO 180k! IT HAPPENED!!!! (CovingTTTon does a 180! Holder wept.)
ATL made it sound like meetings with associates at Cravath had some effect. The partnership wants associates to be able to afford better rent so they can live closer to the office and work more.cookiejar1 wrote:Wishful thinking is what brought us to 180 and wishful thinking is what will bring us to 200. Believe in the power of this thread.Npret wrote:I don't remember. How many years was it between raises last time?sucsuroc wrote:In general firms seemed to have low growth. A few firms reported drops, some of them big, but this seems outweighed by the firms that had great results: CovingTTTon's PPP was up 16% despite them grousing about giving associates a raise, Davis Polk had its "best year ever" and Weil's PPP was up 22%. The elite firms can definitely afford a raise and the other firms can choose if they want to follow. NY to 200.2014 wrote:I haven't followed the AmLaw PPP announcements at all - were profits generally up last year?
Do you guys honestly think the partners want/ need to pay anyone more? Or just wishful thinking?
So it was about a decade between raises before. Jan 2006 - July 2016.
Found the answer in an ATl article announcing the raises.
http://abovethelaw.com/2016/06/breaking ... -salaries/
Maybe you can get associates who don't care about keeping their jobs to open some meetings with partners and ask for $20,000 raise a year after getting one. Framing it as being able to work more hours seems like a winning strategy.
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- heythatslife
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Re: NY GOES TO 180k! IT HAPPENED!!!! (CovingTTTon does a 180! Holder wept.)
The historical graph clearly indicates that raises occur in clusters of 2-3 years. Therefore, we are due for NY to 190k-200k in 2018/2019. It will happen because I say so.
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Re: NY GOES TO 180k! IT HAPPENED!!!! (CovingTTTon does a 180! Holder wept.)
I must not be seeing this but I hope you're right because almost a decade without a raise was insane given the rising cost of law school and rent over the same time frame. Though the massive recession had a huge impact as well so the timing was probably off.heythatslife wrote:The historical graph clearly indicates that raises occur in clusters of 2-3 years. Therefore, we are due for NY to 190k-200k in 2018/2019. It will happen because I say so.
Hope you all positive think your way into a raise.
- Tiago Splitter
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Re: NY GOES TO 180k! IT HAPPENED!!!! (CovingTTTon does a 180! Holder wept.)
Jesus christ dude.Npret wrote:I must not be seeing this but I hope you're right because almost a decade without a raise was insane given the rising cost of law school and rent over the same time frame. Though the massive recession had a huge impact as well so the timing was probably off.heythatslife wrote:The historical graph clearly indicates that raises occur in clusters of 2-3 years. Therefore, we are due for NY to 190k-200k in 2018/2019. It will happen because I say so.
Hope you all positive think your way into a raise.
- Pokemon
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Re: NY GOES TO 180k! IT HAPPENED!!!! (CovingTTTon does a 180! Holder wept.)
ONLY A MATTER OF TIME!!!!! Partners at my firm think they skipped bullet when NYC raised only to 180k and expect ANY MOMENT NOW for ny to 200! Do not quote, to be deleted....
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