bumpAnonymous User wrote:anyone have an update on progress at BSF?
NYC to 200k Forum
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Re: NYC to 200k
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Re: NYC to 200k
So Kasowitz upping the scale by $5k for all class years...
Do they typically pay above market? I assume they will just sit as an outlier above market, and their raise will not actually affect the Milbank/STB/Cravath scale.
Do they typically pay above market? I assume they will just sit as an outlier above market, and their raise will not actually affect the Milbank/STB/Cravath scale.
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Re: NYC to 200k
No. They didn't pay bonuses so total comp will be less this year. That said, I think base salary is an issue that looms larger in recruiting (outside of firms who have established a track record of above-market bonuses), so I highly doubt Kasowitz will sit at the top of the pile for long.Anonymous User wrote:So Kasowitz upping the scale by $5k for all class years...
Do they typically pay above market? I assume they will just sit as an outlier above market, and their raise will not actually affect the Milbank/STB/Cravath scale.
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Re: NYC to 200k
I agree with you that the bonuses not being paid out makes this less of a truly "above market" firm. But, if you're a 1st or 2nd year only making $5k-7.5k in summer bonus anyway, and will be at your firm for at least 2 more years, you probably still come out ahead on the Kasowitz scale, even factoring in time value of money.Anonymous User wrote:No. They didn't pay bonuses so total comp will be less this year. That said, I think base salary is an issue that looms larger in recruiting (outside of firms who have established a track record of above-market bonuses), so I highly doubt Kasowitz will sit at the top of the pile for long.Anonymous User wrote:So Kasowitz upping the scale by $5k for all class years...
Do they typically pay above market? I assume they will just sit as an outlier above market, and their raise will not actually affect the Milbank/STB/Cravath scale.
Stay 3 years at the firm and you're safely ahead at Kasowitz, UNLESS firms continue to do summer bonuses (seems unlikely) and Kasowitz continues not to do summer bonuses.
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Re: NYC to 200k
Quoted Anon. I agree. That's why I was saying base comp is more important in recruiting. I meant to suggest that I believe firms will match. Sorry if unclearAnonymous User wrote:I agree with you that the bonuses not being paid out makes this less of a truly "above market" firm. But, if you're a 1st or 2nd year only making $5k-7.5k in summer bonus anyway, and will be at your firm for at least 2 more years, you probably still come out ahead on the Kasowitz scale, even factoring in time value of money.Anonymous User wrote:No. They didn't pay bonuses so total comp will be less this year. That said, I think base salary is an issue that looms larger in recruiting (outside of firms who have established a track record of above-market bonuses), so I highly doubt Kasowitz will sit at the top of the pile for long.Anonymous User wrote:So Kasowitz upping the scale by $5k for all class years...
Do they typically pay above market? I assume they will just sit as an outlier above market, and their raise will not actually affect the Milbank/STB/Cravath scale.
Stay 3 years at the firm and you're safely ahead at Kasowitz, UNLESS firms continue to do summer bonuses (seems unlikely) and Kasowitz continues not to do summer bonuses.
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Re: NYC to 200k
Lit is red hot right now. Kasowitz is reflecting that. Its also why I have some hope that Boies will (eventually, belatedly) boost salaries back above marketAnonymous User wrote:I agree with you that the bonuses not being paid out makes this less of a truly "above market" firm. But, if you're a 1st or 2nd year only making $5k-7.5k in summer bonus anyway, and will be at your firm for at least 2 more years, you probably still come out ahead on the Kasowitz scale, even factoring in time value of money.Anonymous User wrote:No. They didn't pay bonuses so total comp will be less this year. That said, I think base salary is an issue that looms larger in recruiting (outside of firms who have established a track record of above-market bonuses), so I highly doubt Kasowitz will sit at the top of the pile for long.Anonymous User wrote:So Kasowitz upping the scale by $5k for all class years...
Do they typically pay above market? I assume they will just sit as an outlier above market, and their raise will not actually affect the Milbank/STB/Cravath scale.
Stay 3 years at the firm and you're safely ahead at Kasowitz, UNLESS firms continue to do summer bonuses (seems unlikely) and Kasowitz continues not to do summer bonuses.
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Re: NYC to 200k
I agree that this is a weird and interesting move by Kasowitz. Although I'd love for the rest to match, I tend to think that the way this plays out is everyone says, "If $3K post-tax tips you to Kasowitz over STB/DPW/CSM, fine, go." Then, over time, gradually Kasowitz starts paying under-market bonuses and says, "Hey, our bases are higher, so this is even." Note that it's only Kasowitz NY. I doubt this drives another round of matches.
Maybe if Boies matched Kasowitz nationally, we'd see another round of raises.
Would love for someone to tell me why I'm wrong, tho.
Maybe if Boies matched Kasowitz nationally, we'd see another round of raises.
Would love for someone to tell me why I'm wrong, tho.
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Re: NYC to 200k
NYC TO 195!!! IT'S TIME TO RIOT FOLKS
Stop coming up with these TTT loser reasons why no one's going to match Kasowitz and start lobbying and dialing numbers.
Stop coming up with these TTT loser reasons why no one's going to match Kasowitz and start lobbying and dialing numbers.
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Re: NYC to 200k
would love for someone to explain how Boies hasn't raised yetAnonymous User wrote:I agree that this is a weird and interesting move by Kasowitz. Although I'd love for the rest to match, I tend to think that the way this plays out is everyone says, "If $3K post-tax tips you to Kasowitz over STB/DPW/CSM, fine, go." Then, over time, gradually Kasowitz starts paying under-market bonuses and says, "Hey, our bases are higher, so this is even." Note that it's only Kasowitz NY. I doubt this drives another round of matches.
Maybe if Boies matched Kasowitz nationally, we'd see another round of raises.
Would love for someone to tell me why I'm wrong, tho.
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Re: NYC to 200k
What you're saying is obviously a possible outcome, but I have trouble imagining that's how it works out. Even if STB/DPW/CSM don't feel they have to compete, some firms will feel they have to, and that can cascade up the ladder. While firms might try to sell on total comp, absent a couple years of bonuses to go off of after this new pay structure, that would not go very far with me, particularly if i were a 2L going through OCI (and therefore unable to benefit from bonuses for at least a couple years), and particularly when plenty of Kasowitz's peers have hours requirements for bonuses. The guaranteed comp is king.
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Re: NYC to 200k
Not OP but Fenwick also does this, and its arbitrary tier/level system virtually guarantees some people get held back a year. Bonuses are often below market too, so total comp easily falls $50-70k or more below market for mid-levels.Anonymous User wrote:Anonymous User wrote:Name the firm. You're anonymous.Anonymous User wrote:FWIW, I worked for a super high ppp firm that cut corners on everything, including finding ways to deny comp. Both no bonus and holding people a year back in salary, but not necessarily billing rate. It happens, and it’s awful on the associate side.
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Re: NYC to 200k
Man it's quiet. Is that a wrap on raises? I can't believe 30+ firms in the top 200 haven't moved yet. Even if it's not a full match, make some sort of move. These guys are going to get left in the dust come OCI.
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Re: NYC to 200k
It's their funeral.Anonymous User wrote:Man it's quiet. Is that a wrap on raises? I can't believe 30+ firms in the top 200 haven't moved yet. Even if it's not a full match, make some sort of move. These guys are going to get left in the dust come OCI.
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Re: NYC to 200k
Not to mention Kasowitz now pays more in guaranteed comp than the vast majority of these firms. One-time bonuses mean little at the lower levels where Kasowitz's higher base evens it out in total comp (and ultimately will exceed over time) I guess young associates are happy with a pat on the head from their "superior" firms. We'll see if 2Ls and 3Ls are as well.Anonymous User wrote:Man it's quiet. Is that a wrap on raises? I can't believe 30+ firms in the top 200 haven't moved yet. Even if it's not a full match, make some sort of move. These guys are going to get left in the dust come OCI.
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Re: NYC to 200k
Idk. I work at a v50-100 firm. Took my firm a while to match 180 (more than a few months) because we have a lot of offices in non-major markets, so it took them a while to figure out the new scale for them. Not an excuse, but some of the v100 may run into that problem.malibustacy wrote:It's their funeral.Anonymous User wrote:Man it's quiet. Is that a wrap on raises? I can't believe 30+ firms in the top 200 haven't moved yet. Even if it's not a full match, make some sort of move. These guys are going to get left in the dust come OCI.
That aside, my firm still hasnt matched 190 in major markets. Fully expect them to in the next 4-6 months, but it sucks waiting. I imagine the same issue is happening again, i.e. how to do we the non-major market associates?
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Re: NYC to 200k
No one at a white shoe v20 gives two shits if Kasowitz pays $5k above marketAnonymous User wrote:Not to mention Kasowitz now pays more in guaranteed comp than the vast majority of these firms. One-time bonuses mean little at the lower levels where Kasowitz's higher base evens it out in total comp (and ultimately will exceed over time) I guess young associates are happy with a pat on the head from their "superior" firms. We'll see if 2Ls and 3Ls are as well.Anonymous User wrote:Man it's quiet. Is that a wrap on raises? I can't believe 30+ firms in the top 200 haven't moved yet. Even if it's not a full match, make some sort of move. These guys are going to get left in the dust come OCI.
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Re: NYC to 200k
Yeah, I’ve spent 5+ years in biglaw and people generally see Kasowitz as kind of a joke. Beyond me why somebody would want to go work there. No associate or law student in their right mind would choose Kasowitz over DPW, STB, etc.Anonymous User wrote:No one at a white shoe v20 gives two shits if Kasowitz pays $5k above marketAnonymous User wrote:Not to mention Kasowitz now pays more in guaranteed comp than the vast majority of these firms. One-time bonuses mean little at the lower levels where Kasowitz's higher base evens it out in total comp (and ultimately will exceed over time) I guess young associates are happy with a pat on the head from their "superior" firms. We'll see if 2Ls and 3Ls are as well.Anonymous User wrote:Man it's quiet. Is that a wrap on raises? I can't believe 30+ firms in the top 200 haven't moved yet. Even if it's not a full match, make some sort of move. These guys are going to get left in the dust come OCI.
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Re: NYC to 200k
that firm that pays 5k more than us? what a JOKE!Anonymous User wrote:Yeah, I’ve spent 5+ years in biglaw and people generally see Kasowitz as kind of a joke. Beyond me why somebody would want to go work there. No associate or law student in their right mind would choose Kasowitz over DPW, STB, etc.Anonymous User wrote:No one at a white shoe v20 gives two shits if Kasowitz pays $5k above marketAnonymous User wrote:Not to mention Kasowitz now pays more in guaranteed comp than the vast majority of these firms. One-time bonuses mean little at the lower levels where Kasowitz's higher base evens it out in total comp (and ultimately will exceed over time) I guess young associates are happy with a pat on the head from their "superior" firms. We'll see if 2Ls and 3Ls are as well.Anonymous User wrote:Man it's quiet. Is that a wrap on raises? I can't believe 30+ firms in the top 200 haven't moved yet. Even if it's not a full match, make some sort of move. These guys are going to get left in the dust come OCI.
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Re: NYC to 200k
Very hot take.Anonymous User wrote:Yeah, I’ve spent 5+ years in biglaw and people generally see Kasowitz as kind of a joke. Beyond me why somebody would want to go work there. No associate or law student in their right mind would choose Kasowitz over DPW, STB, etc.Anonymous User wrote:No one at a white shoe v20 gives two shits if Kasowitz pays $5k above marketAnonymous User wrote:Not to mention Kasowitz now pays more in guaranteed comp than the vast majority of these firms. One-time bonuses mean little at the lower levels where Kasowitz's higher base evens it out in total comp (and ultimately will exceed over time) I guess young associates are happy with a pat on the head from their "superior" firms. We'll see if 2Ls and 3Ls are as well.Anonymous User wrote:Man it's quiet. Is that a wrap on raises? I can't believe 30+ firms in the top 200 haven't moved yet. Even if it's not a full match, make some sort of move. These guys are going to get left in the dust come OCI.
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Re: NYC to 200k
+1malibustacy wrote:Very hot take.Anonymous User wrote:Yeah, I’ve spent 5+ years in biglaw and people generally see Kasowitz as kind of a joke. Beyond me why somebody would want to go work there. No associate or law student in their right mind would choose Kasowitz over DPW, STB, etc.Anonymous User wrote:No one at a white shoe v20 gives two shits if Kasowitz pays $5k above marketAnonymous User wrote:Not to mention Kasowitz now pays more in guaranteed comp than the vast majority of these firms. One-time bonuses mean little at the lower levels where Kasowitz's higher base evens it out in total comp (and ultimately will exceed over time) I guess young associates are happy with a pat on the head from their "superior" firms. We'll see if 2Ls and 3Ls are as well.Anonymous User wrote:Man it's quiet. Is that a wrap on raises? I can't believe 30+ firms in the top 200 haven't moved yet. Even if it's not a full match, make some sort of move. These guys are going to get left in the dust come OCI.
Why is Kasowitz a joke and who are the people who think it's a joke?
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Re: NYC to 200k
What other BigLaw firms take Touro students?*Anonymous User wrote:Yeah, I’ve spent 5+ years in biglaw and people generally see Kasowitz as kind of a joke. Beyond me why somebody would want to go work there. No associate or law student in their right mind would choose Kasowitz over DPW, STB, etc.Anonymous User wrote:No one at a white shoe v20 gives two shits if Kasowitz pays $5k above marketAnonymous User wrote:Not to mention Kasowitz now pays more in guaranteed comp than the vast majority of these firms. One-time bonuses mean little at the lower levels where Kasowitz's higher base evens it out in total comp (and ultimately will exceed over time) I guess young associates are happy with a pat on the head from their "superior" firms. We'll see if 2Ls and 3Ls are as well.Anonymous User wrote:Man it's quiet. Is that a wrap on raises? I can't believe 30+ firms in the top 200 haven't moved yet. Even if it's not a full match, make some sort of move. These guys are going to get left in the dust come OCI.
*true in at least one case
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Re: NYC to 200k
I don't have a dog in this fight, but probably doesn't help that the founding & name partner acted like a total and incompetent ass for Trump for a good while, all while threatening several baseless lawsuits.Anonymous User wrote:+1malibustacy wrote:Very hot take.Anonymous User wrote:Yeah, I’ve spent 5+ years in biglaw and people generally see Kasowitz as kind of a joke. Beyond me why somebody would want to go work there. No associate or law student in their right mind would choose Kasowitz over DPW, STB, etc.Anonymous User wrote:No one at a white shoe v20 gives two shits if Kasowitz pays $5k above marketAnonymous User wrote:Not to mention Kasowitz now pays more in guaranteed comp than the vast majority of these firms. One-time bonuses mean little at the lower levels where Kasowitz's higher base evens it out in total comp (and ultimately will exceed over time) I guess young associates are happy with a pat on the head from their "superior" firms. We'll see if 2Ls and 3Ls are as well.Anonymous User wrote:Man it's quiet. Is that a wrap on raises? I can't believe 30+ firms in the top 200 haven't moved yet. Even if it's not a full match, make some sort of move. These guys are going to get left in the dust come OCI.
Why is Kasowitz a joke and who are the people who think it's a joke?
The revenue is also a lot lower than the traditional powerhouse white shoe Wall Street firms.There are Kansas City firms stylin' on Kasowitz's revenue.
Last edited by deadpanic on Thu Jul 12, 2018 12:44 pm, edited 1 time in total.
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Re: NYC to 200k
Anonymous User wrote:+1malibustacy wrote:Very hot take.Anonymous User wrote:Yeah, I’ve spent 5+ years in biglaw and people generally see Kasowitz as kind of a joke. Beyond me why somebody would want to go work there. No associate or law student in their right mind would choose Kasowitz over DPW, STB, etc.Anonymous User wrote:No one at a white shoe v20 gives two shits if Kasowitz pays $5k above marketAnonymous User wrote:Not to mention Kasowitz now pays more in guaranteed comp than the vast majority of these firms. One-time bonuses mean little at the lower levels where Kasowitz's higher base evens it out in total comp (and ultimately will exceed over time) I guess young associates are happy with a pat on the head from their "superior" firms. We'll see if 2Ls and 3Ls are as well.Anonymous User wrote:Man it's quiet. Is that a wrap on raises? I can't believe 30+ firms in the top 200 haven't moved yet. Even if it's not a full match, make some sort of move. These guys are going to get left in the dust come OCI.
Why is Kasowitz a joke and who are the people who think it's a joke?
How else is someone who isn't actually remarkable supposed to feel superior?
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Re: NYC to 200k
Can't tell who this is supposed to make fun of. Unremarkable but feeling superior is basically Marc Kasowitz in a nutshell.Anonymous User wrote:Anonymous User wrote:+1malibustacy wrote:Very hot take.Anonymous User wrote:Yeah, I’ve spent 5+ years in biglaw and people generally see Kasowitz as kind of a joke. Beyond me why somebody would want to go work there. No associate or law student in their right mind would choose Kasowitz over DPW, STB, etc.Anonymous User wrote:No one at a white shoe v20 gives two shits if Kasowitz pays $5k above marketAnonymous User wrote:Not to mention Kasowitz now pays more in guaranteed comp than the vast majority of these firms. One-time bonuses mean little at the lower levels where Kasowitz's higher base evens it out in total comp (and ultimately will exceed over time) I guess young associates are happy with a pat on the head from their "superior" firms. We'll see if 2Ls and 3Ls are as well.Anonymous User wrote:Man it's quiet. Is that a wrap on raises? I can't believe 30+ firms in the top 200 haven't moved yet. Even if it's not a full match, make some sort of move. These guys are going to get left in the dust come OCI.
Why is Kasowitz a joke and who are the people who think it's a joke?
How else is someone who isn't actually remarkable supposed to feel superior?
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Re: NYC to 200k
https://www.propublica.org/article/marc ... ils-maddowThe man, a retired public relations professional in the western United States who asked not to be identified, read ProPublica’s story this week on Kasowitz and sent the lawyer an email with the subject line: “Resign Now.’’
Kasowitz replied with series of angry messages sent between 9:30 p.m. and 10 p.m. Eastern time. One read: “I’m on you now. You are fucking with me now Let’s see who you are Watch your back , bitch.”
In another email, Kasowitz wrote: “Call me. Don’t be afraid, you piece of shit. Stand up. If you don’t call, you’re just afraid.” And later: “I already know where you live, I’m on you. You might as well call me. You will see me. I promise. Bro.”
But that’s all in the past. I for one welcome our new market leader.
Seriously? What are you waiting for?
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