Anonymous User wrote:Curious on people's thoughts about the Boston market. Here's Vault rankings (T20) with match status:
Ropes - full match
WH - ___
Goodwin - full match
Choate - ___
Skadden - full match
Foley Hoag* - ___
Mintz - ___
Fish - ___
Latham - ___
Proskauer - Milbank only
Weil - full match
Goulston* - ___
Cooley - ___
Nutter* - ___
MLB - full match
JD - clusterfuck
Nixon - ___
K&L (??) - ___
McDermott - ___
HK* - ___
There's a lot of unknowns. First, all the starred firms already don't pay market (or start at $180 and don't pay market later on/don't list midlevel comp). Thoughts on if they'll raise (probably not $190, but maybe something in between?)? Some firms like Goulston and HK only list first year comp. Will they raise first years again?
Second, more broadly, if firms don't, I'm wondering whether the more national firms that have moved in (e.g., K&E, Hogan, Quinn, etc.) are going to see that as an opportunity to rope in more of the highly qualified associates?
EDITED: To clear Nixon's good name... LOL
My guess is Wilmer, Cooley, Choate and Latham all match early next week. All their peer firms have matched...so too much risk not to. Choate may not want to, but with K&E in town now they will. Fish is probably in this group as well, but I don’t know as much about them. It’s not on your list, but I imagine Gunderson will match as well (if they already haven’t - I just haven’t seen it). Of all the tech firms (WSGR, Latham, Goodwin, Fenwick, Cooley, GD), I think Gunderson is most likely not to match given their client base, but I would still be surprised if they didn’t.
Nutter and
foley hoag may bump a bit but won’t full market match. Nutter will likely stand mostly still, Foley may increase first year pay, but will likely keep seniors and mid levels mostly flat, which seems like a terrible idea, but it’s in line with what they did in 2016. Not sure what Ghoulston did in 2016, but considering they’re a little more nichey (and elite in their RE niche), they may not feel like they need to keep up with Ropes, Goodwin, Skadden, etc.
I could see Mintz not matching, or at least not a full match. Same thing with Nixon. I wonder if they decide it’s not worth keeping up with the rat race this time. I would imagine Brown Ruddnick is in that group as well.
The rest (H&K, K&L, McDermott) I have no idea on.