NY GOES TO 180k! IT HAPPENED!!!! (CovingTTTon does a 180! Holder wept.) Forum

(On Campus Interviews, Summer Associate positions, Firm Reviews, Tips, ...)
Forum rules
Anonymous Posting

Anonymous posting is only appropriate when you are revealing sensitive employment related information about a firm, job, etc. You may anonymously respond on topic to these threads. Unacceptable uses include: harassing another user, joking around, testing the feature, or other things that are more appropriate in the lounge.

Failure to follow these rules will get you outed, warned, or banned.

Who will join the CovingTTTon list next?

WilmerHale
15
6%
Arnold & Porter
23
10%
Hogan Lovells
12
5%
Akin Gump
7
3%
Jones Day
114
47%
Jenner & Block
8
3%
Paul Hastings
7
3%
WachTTTell
23
10%
Other
7
3%
No one! YAY!
25
10%
 
Total votes: 241

Anonymous User
Posts: 428477
Joined: Tue Aug 11, 2009 9:32 am

Re: NY GOES TO 180k! IT HAPPENED!!!! (CovingTTTon does a 180! Holder wept.)

Post by Anonymous User » Fri Jul 01, 2016 10:55 pm

You are assuming right. K&S as well as others you have not listed have not raised at all for IP in ATL....

Anonymous User
Posts: 428477
Joined: Tue Aug 11, 2009 9:32 am

Re: NY GOES TO 180k! IT HAPPENED!!!! (CovingTTTon does a 180! Holder wept.)

Post by Anonymous User » Fri Jul 01, 2016 11:30 pm

Genuine question: Have those Atlanta firms (or all firms for that matter) explicitly called out a higher IP-specific scale in the past?
And I assume "patent associates" means those that have passed the patent bar?

Anonymous User
Posts: 428477
Joined: Tue Aug 11, 2009 9:32 am

Re: NY GOES TO 180k! IT HAPPENED!!!! (CovingTTTon does a 180! Holder wept.)

Post by Anonymous User » Sat Jul 02, 2016 6:50 am

Anonymous User wrote:Genuine question: Have those Atlanta firms (or all firms for that matter) explicitly called out a higher IP-specific scale in the past?
And I assume "patent associates" means those that have passed the patent bar?

Yes, what has been the scale for the past several years is non-IP starts at 135-145 for those firms while IP first year salary was 160. The thing to note though is these firms did not move IP to 160 immediately last time the salaries changed. Believe the move took a year or two. I have heard a rumor that Alston IP people were explicitly told they were not getting "the IP bump." This leads me to believe none of these ATL based firms will move IP salaries anytime soon.


SplitMyPants

Gold
Posts: 1673
Joined: Wed Oct 09, 2013 9:22 pm

Re: NY GOES TO 180k! IT HAPPENED!!!! (CovingTTTon does a 180! Holder wept.)

Post by SplitMyPants » Sat Jul 02, 2016 10:26 am

Anonymous User wrote:
Anonymous User wrote:Genuine question: Have those Atlanta firms (or all firms for that matter) explicitly called out a higher IP-specific scale in the past?
And I assume "patent associates" means those that have passed the patent bar?

Yes, what has been the scale for the past several years is non-IP starts at 135-145 for those firms while IP first year salary was 160. The thing to note though is these firms did not move IP to 160 immediately last time the salaries changed. Believe the move took a year or two. I have heard a rumor that Alston IP people were explicitly told they were not getting "the IP bump." This leads me to believe none of these ATL based firms will move IP salaries anytime soon.
It's not a rumor. It was in the memo on ATL that the bump was effective as to the non-patent-bar salary scales. I guess that's not an explicit statement that they won't get it soon, but it's close.

Want to continue reading?

Register now to search topics and post comments!

Absolutely FREE!


Anonymous User
Posts: 428477
Joined: Tue Aug 11, 2009 9:32 am

Re: NY GOES TO 180k! IT HAPPENED!!!! (CovingTTTon does a 180! Holder wept.)

Post by Anonymous User » Tue Jul 05, 2016 8:28 am

Fish and Finnegan have both moved Atlanta IP starting salaries to 180.

IP associates are rightfully annoyed in Atlanta that the locals are giving them the shaft. Firm wide people are getting $20k+ raises and you tell IP they get nothing? Bush league. These practice groups should be ashamed.

kcdc1

Silver
Posts: 992
Joined: Fri Jan 03, 2014 6:48 am

Re: NY GOES TO 180k! IT HAPPENED!!!! (CovingTTTon does a 180! Holder wept.)

Post by kcdc1 » Tue Jul 05, 2016 9:42 am

Anonymous User wrote:Fish and Finnegan have both moved Atlanta IP starting salaries to 180.

IP associates are rightfully annoyed in Atlanta that the locals are giving them the shaft. Firm wide people are getting $20k+ raises and you tell IP they get nothing? Bush league. These practice groups should be ashamed.
Wasn't Atlanta an outlier insofar as it paid IP associates more than their non-IP colleagues?

dixiecupdrinking

Gold
Posts: 3436
Joined: Sun Oct 26, 2008 2:39 pm

Re: NY GOES TO 180k! IT HAPPENED!!!! (CovingTTTon does a 180! Holder wept.)

Post by dixiecupdrinking » Tue Jul 05, 2016 10:26 am

AndroidLawyer wrote:Apparently back in 1987, the average PPP was five times the first year salary. So right now we really should be pushing NY to 320.
Wachtell to $1 million

Anonymous User
Posts: 428477
Joined: Tue Aug 11, 2009 9:32 am

Re: NY GOES TO 180k! IT HAPPENED!!!! (CovingTTTon does a 180! Holder wept.)

Post by Anonymous User » Tue Jul 05, 2016 12:17 pm

kcdc1 wrote: Wasn't Atlanta an outlier insofar as it paid IP associates more than their non-IP colleagues?
I don't know how relevant that is. I suppose it depends on what you are trying to rationalize: higher IP pay/ the IP bump, or lower overall associate pay / the lower ATL market.

In any event, IP hiring is atrocious right now in Atlanta, qualified candidates are like unicorns and you now have the F firms paying the $180 scale (or some variation thereof) in Atlanta. You have also had the major ATL firms admit that all Atlanta associates deserve a bump (with the exception of the IP groups). This is just going to make recruiting even more challenging as people with any brains decide there are plenty of non-NYC options that pay above the ATL market rate where the IP practice groups are seemingly admitting they can't or won't pay up.

The numbers provide even worse support, its not like you're raising the salaries of 200 associates in the ATL office with this move, you're raising the salaries of 10-20.

Want to continue reading?

Register for access!

Did I mention it was FREE ?


Anonymous User
Posts: 428477
Joined: Tue Aug 11, 2009 9:32 am

Re: NY GOES TO 180k! IT HAPPENED!!!! (CovingTTTon does a 180! Holder wept.)

Post by Anonymous User » Tue Jul 05, 2016 2:16 pm

Should the #noraise contingent give up hope at this point?

User avatar
Single-Malt-Liquor

Silver
Posts: 1450
Joined: Fri Sep 06, 2013 4:49 pm

Re: NY GOES TO 180k! IT HAPPENED!!!! (CovingTTTon does a 180! Holder wept.)

Post by Single-Malt-Liquor » Tue Jul 05, 2016 2:39 pm

Anonymous User wrote:Should the #noraise contingent give up hope at this point?
No worries, they'll be forced to bump when NYC GOES TO 200!!

Image

Anonymous User
Posts: 428477
Joined: Tue Aug 11, 2009 9:32 am

Re: NY GOES TO 180k! IT HAPPENED!!!! (CovingTTTon does a 180! Holder wept.)

Post by Anonymous User » Tue Jul 05, 2016 2:45 pm

Anonymous User wrote:Should the #noraise contingent give up hope at this point?
I'm starting to consider mass mailing / 3L oci... :?

Anonymous User
Posts: 428477
Joined: Tue Aug 11, 2009 9:32 am

Re: NY GOES TO 180k! IT HAPPENED!!!! (CovingTTTon does a 180! Holder wept.)

Post by Anonymous User » Tue Jul 05, 2016 9:12 pm

Anonymous User wrote:
Anonymous User wrote:Genuine question: Have those Atlanta firms (or all firms for that matter) explicitly called out a higher IP-specific scale in the past?
And I assume "patent associates" means those that have passed the patent bar?

Yes, what has been the scale for the past several years is non-IP starts at 135-145 for those firms while IP first year salary was 160. The thing to note though is these firms did not move IP to 160 immediately last time the salaries changed. Believe the move took a year or two. I have heard a rumor that Alston IP people were explicitly told they were not getting "the IP bump." This leads me to believe none of these ATL based firms will move IP salaries anytime soon.
Can anyone speak to how long it took patent salaries in Atlanta to move after the last raise, in what, 2007? And, did those firms delay in order to do it somewhat covertly, or was there some other reason for the lag?

Register now!

Resources to assist law school applicants, students & graduates.

It's still FREE!



Anonymous User
Posts: 428477
Joined: Tue Aug 11, 2009 9:32 am

Re: NY GOES TO 180k! IT HAPPENED!!!! (CovingTTTon does a 180! Holder wept.)

Post by Anonymous User » Fri Jul 08, 2016 3:11 pm

Foley & Lardner are raising $20k in every office effective February 1.

Anonymous User
Posts: 428477
Joined: Tue Aug 11, 2009 9:32 am

Re: NY GOES TO 180k! IT HAPPENED!!!! (CovingTTTon does a 180! Holder wept.)

Post by Anonymous User » Fri Jul 08, 2016 3:12 pm

Foley & Lardner matched, different user from above poster. Can confirm 20K increase across the board.

User avatar
Desert Fox

Diamond
Posts: 18283
Joined: Thu Sep 04, 2014 4:34 pm

Re: NY GOES TO 180k! IT HAPPENED!!!! (CovingTTTon does a 180! Holder wept.)

Post by Desert Fox » Fri Jul 08, 2016 3:28 pm

Anonymous User wrote:Foley & Lardner matched, different user from above poster. Can confirm 20K increase across the board.
20k accross teh board isnt matching
Last edited by Desert Fox on Sat Jan 27, 2018 2:37 am, edited 1 time in total.

Get unlimited access to all forums and topics

Register now!

I'm pretty sure I told you it's FREE...


Anonymous User
Posts: 428477
Joined: Tue Aug 11, 2009 9:32 am

Re: NY GOES TO 180k! IT HAPPENED!!!! (CovingTTTon does a 180! Holder wept.)

Post by Anonymous User » Fri Jul 08, 2016 4:00 pm

Desert Fox wrote:
Anonymous User wrote:Foley & Lardner matched, different user from above poster. Can confirm 20K increase across the board.
20k accross teh board isnt matching
Post 1st year rates are coming later. So it looks like it's modified Cravath with some top-end compression. But my guess is they wanted to get 1st year stuff out for OCI, albeit a bit late for some. Their email said increases for older class years will be forthcoming, so everyone will be getting me a raise, just not sure if it is a match or not.

Anonymous User
Posts: 428477
Joined: Tue Aug 11, 2009 9:32 am

Re: NY GOES TO 180k! IT HAPPENED!!!! (CovingTTTon does a 180! Holder wept.)

Post by Anonymous User » Fri Jul 08, 2016 4:47 pm

Desert Fox wrote:
Anonymous User wrote:Foley & Lardner matched, different user from above poster. Can confirm 20K increase across the board.
20k accross teh board isnt matching
I don't mind. earning 160 in a secondary market as a 1st year is pretty nice. Now earning 180 would be nice, i'm already going to be way over paid as is so i can't complain too much.

Anonymous User
Posts: 428477
Joined: Tue Aug 11, 2009 9:32 am

Re: NY GOES TO 180k! IT HAPPENED!!!! (CovingTTTon does a 180! Holder wept.)

Post by Anonymous User » Fri Jul 08, 2016 5:20 pm

Desert Fox wrote:
Anonymous User wrote:Foley & Lardner matched, different user from above poster. Can confirm 20K increase across the board.
20k accross teh board isnt matching
Might as well be for Foley. None of their non-major markets were on the 160 scale anyway.

User avatar
Desert Fox

Diamond
Posts: 18283
Joined: Thu Sep 04, 2014 4:34 pm

Re: NY GOES TO 180k! IT HAPPENED!!!! (CovingTTTon does a 180! Holder wept.)

Post by Desert Fox » Fri Jul 08, 2016 5:22 pm

Anonymous User wrote:
Desert Fox wrote:
Anonymous User wrote:Foley & Lardner matched, different user from above poster. Can confirm 20K increase across the board.
20k accross teh board isnt matching
Might as well be for Foley. None of their non-major markets were on the 160 scale anyway.
I'm just MAF I'm not making 155k in Madison Wi.
Last edited by Desert Fox on Sat Jan 27, 2018 2:37 am, edited 1 time in total.

Communicate now with those who not only know what a legal education is, but can offer you worthy advice and commentary as you complete the three most educational, yet challenging years of your law related post graduate life.

Register now, it's still FREE!


bern victim

Silver
Posts: 1267
Joined: Tue Jun 07, 2016 3:58 pm

Re: NY GOES TO 180k! IT HAPPENED!!!! (CovingTTTon does a 180! Holder wept.)

Post by bern victim » Fri Jul 08, 2016 5:24 pm

Desert Fox wrote:
Anonymous User wrote:
Desert Fox wrote:
Anonymous User wrote:Foley & Lardner matched, different user from above poster. Can confirm 20K increase across the board.
20k accross teh board isnt matching
Might as well be for Foley. None of their non-major markets were on the 160 scale anyway.
I'm just MAF I'm not making 155k in Madison Wi.
i'd be satisfied with 125k and unlimited beers

SplitMyPants

Gold
Posts: 1673
Joined: Wed Oct 09, 2013 9:22 pm

Re: NY GOES TO 180k! IT HAPPENED!!!! (CovingTTTon does a 180! Holder wept.)

Post by SplitMyPants » Fri Jul 08, 2016 5:27 pm

bern victim wrote:
Desert Fox wrote:
Anonymous User wrote:
Desert Fox wrote:
Anonymous User wrote:Foley & Lardner matched, different user from above poster. Can confirm 20K increase across the board.
20k accross teh board isnt matching
Might as well be for Foley. None of their non-major markets were on the 160 scale anyway.
I'm just MAF I'm not making 155k in Madison Wi.
i'd be satisfied with 125k and unlimited beers
Definitely. that would basically make the difference in base comp a wash

User avatar
Desert Fox

Diamond
Posts: 18283
Joined: Thu Sep 04, 2014 4:34 pm

Re: NY GOES TO 180k! IT HAPPENED!!!! (CovingTTTon does a 180! Holder wept.)

Post by Desert Fox » Fri Jul 08, 2016 5:30 pm

I actually got an offer there and turned it down. Right now I'd be driving down I-94 with a beer in my hand and cheesecurds in my belly heading to my cabin for a weekend of fishing. lol at me
Last edited by Desert Fox on Sat Jan 27, 2018 2:37 am, edited 1 time in total.

bern victim

Silver
Posts: 1267
Joined: Tue Jun 07, 2016 3:58 pm

Re: NY GOES TO 180k! IT HAPPENED!!!! (CovingTTTon does a 180! Holder wept.)

Post by bern victim » Fri Jul 08, 2016 5:34 pm

Desert Fox wrote:I actually got an offer there and turned it down. Right now I'd be driving down I-94 with a beer in my hand and cheesecurds in my belly heading to my cabin for a weekend of fishing. lol at me
ur gonna regret this on ur deathbed

"i coulda been yosemite sam yemington"

Seriously? What are you waiting for?

Now there's a charge.
Just kidding ... it's still FREE!


Post Reply Post Anonymous Reply  

Return to “Legal Employment”