NYC to 200k Forum

[Anonymous User]

Come on King & Spalding.

I agree that raises in Atlanta would be just peachy, but at the moment the scale hasn't moved south of Philadelphia. Come on DC...

[Anonymous User]

Patiently waiting for Dallas/Houston to jump on this ship. Come on BB/VE....

[NakedPowerOrgan]

Wall of Shame (listed from most shame to least shame, based on PPP, firm’s growth over recent years, and ability to pay bonuses and raises):

• Fried Frank
  Latham
  Paul Hastings
  Akin Gump
  King & Spalding
  Vinson & Elkins
  Shearman & Sterling
  Gibson Dunn
  Dechert
  Wilmer
  Schulte
  Cooley
  Kramer Levin
  Baker Botts
  Alton & Bird
  Sheppard Mullin
  McDermott

[Pulsar]

Come on King & Spalding.

They'll probably raise. They and most of the legacy DC firms will have to, since Kirkland/Gibson/Latham etc. either have raised or will raise.

[Anonymous User]

Wall of Shame (listed from most shame to least shame, based on PPP, firm’s growth over recent years, and ability to pay bonuses and raises):

• Fried Frank
  Latham
  Paul Hastings
  Akin Gump
  King & Spalding
  Vinson & Elkins
  Shearman & Sterling
  Gibson Dunn
  Dechert
  Wilmer
  Schulte
  Cooley
  Kramer Levin
  Baker Botts
  Alton & Bird
  Sheppard Mullin
  McDermott

Fried Frank just matched (see ATL).

[NakedPowerOrgan]

Wall of Shame (listed from most shame to least shame, based on PPP, firm’s growth over recent years, and ability to pay bonuses and raises):

• Fried Frank
  Latham
  Paul Hastings
  Akin Gump
  King & Spalding
  Vinson & Elkins
  Shearman & Sterling
  Gibson Dunn
  Dechert
  Wilmer
  Schulte
  Cooley
  Kramer Levin
  Baker Botts
  Alton & Bird
  Sheppard Mullin
  McDermott

[Anonymous User]

It's outright laughable that Latham hasn't matched yet

[Anonymous User]

It's outright laughable that Latham hasn't matched yet

^This. It's almost like they know a lot of firms are waiting for them before matching and they want an upper-hand during OCI so they'll wait to match until the day before bids are due.

[Anonymous User]

BB and V&E must match pretty soon. They are facing plenty of competition in Houston in Dallas from firms that have already matched. Many summer associates split between BB/V&E and firms that have already matched.

[Anonymous User]

Wall of Shame (listed from most shame to least shame, based on PPP, firm’s growth over recent years, and ability to pay bonuses and raises):

• Fried Frank
  Latham
  Paul Hastings
  CovingTTTon
  Hogan Lovells
  A&P
  Akin Gump
  King & Spalding
  Vinson & Elkins
  Shearman & Sterling
  Gibson Dunn
  Dechert
  Wilmer
  Schulte
  Cooley
  Kramer Levin
  Baker Botts
  Alton & Bird
  Sheppard Mullin
  McDermott

How can you make a list of shame and leave off CovingTTTon and the rest of the DC native firms?

[NakedPowerOrgan]

It's outright laughable that Latham hasn't matched yet

Same for Paul Hastings. Similar PPP, stronger profit growth over the last few years, better partner/associate leverage, and has around a third of the associates that Latham has (seems like it should be psychologically easier for PH management to make an $18MM raise/bonus decision than Latham management to make a $50MM decision).

[Anonymous User]

Latham might be at its summer retreat, no?

[NakedPowerOrgan]

Wall of Shame (listed from most shame to least shame, based on PPP, firm’s growth over recent years, and ability to pay bonuses and raises):

• Fried Frank
  Latham
  Paul Hastings
  CovingTTTon
  Hogan Lovells
  A&P
  Akin Gump
  King & Spalding
  Vinson & Elkins
  Shearman & Sterling
  Gibson Dunn
  Dechert
  Wilmer
  Schulte
  Cooley
  Kramer Levin
  Baker Botts
  Alton & Bird
  Sheppard Mullin
  McDermott

How can you make a list of shame and leave off CovingTTTon and the rest of the DC native firms?

CovingTTTon is not even top 50 in PPP (lower than Katten and about half the PPP of Willkie, after all) and the firm’s profits haven’t been growing at nearly the rate as firms like Latham, Paul Hastings, and Akin Gump. CovingTTTon truly earns all three of its Ts, but at least they have an excuse (being poor) for not being so quick to match.

As a non-DC lawyer, I don’t even know what a hogan lovells is.

[Anonymous User]

It's outright laughable that Latham hasn't matched yet

^This. It's almost like they know a lot of firms are waiting for them before matching and they want an upper-hand during OCI so they'll wait to match until the day before bids are due.

Zero chance any significant number of partners anywhere think about OCI recruiting at this level of detail and scheming.

[Anonymous User]

It's outright laughable that Latham hasn't matched yet

^This. It's almost like they know a lot of firms are waiting for them before matching and they want an upper-hand during OCI so they'll wait to match until the day before bids are due.

Zero chance any significant number of partners anywhere think about OCI recruiting at this level of detail and scheming.

It’s a shame. The former head of Latham would often personally text OCI recruitees, ask them for pics (to develop a stronger personal relationship), and, if their professional credentials caught his attention, tell them how excited he was to meet them in person, whether at a firm event or a more intimate setting like coffee in his hotel room.

[Anonymous User]

Wall of Shame (listed from most shame to least shame, based on PPP, firm’s growth over recent years, and ability to pay bonuses and raises):

• Fried Frank
  Latham
  Paul Hastings
  CovingTTTon
  Hogan Lovells
  A&P
  Akin Gump
  King & Spalding
  Vinson & Elkins
  Shearman & Sterling
  Gibson Dunn
  Dechert
  Wilmer
  Schulte
  Cooley
  Kramer Levin
  Baker Botts
  Alton & Bird
  Sheppard Mullin
  McDermott

How can you make a list of shame and leave off CovingTTTon and the rest of the DC native firms?

CovingTTTon is not even top 50 in PPP (lower than Katten and about half the PPP of Willkie, after all) and the firm’s profits haven’t been growing at nearly the rate as firms like Latham, Paul Hastings, and Akin Gump. CovingTTTon truly earns all three of its Ts, but at least they have an excuse (being poor) for not being so quick to match.

As a non-DC lawyer, I don’t even know what a Hogan Lovells is.

The stuff about CovingTTTon is credited, but HL had like $1.8 billion in revenue last year so they have much less of an excuse.

[Anonymous User]

Let's see how long Wilmer waits to match given that its two main Boston rivals matched last Friday.

[Anonymous User]

The stuff about CovingTTTon is credited, but HL had like $1.8 billion in revenue last year so they have much less of an excuse.

If by 1.8B you mean over 2B

[Anonymous User]

Hogan Partner: "We are in the middle of reviewing how this will impact us."

[Anonymous User]

Wall of Shame (listed from most shame to least shame, based on PPP, firm’s growth over recent years, and ability to pay bonuses and raises):

• Fried Frank
  Latham
  Paul Hastings
  CovingTTTon
  Hogan Lovells
  A&P
  Akin Gump
  King & Spalding
  Vinson & Elkins
  Shearman & Sterling
  Gibson Dunn
  Dechert
  Wilmer
  Schulte
  Cooley
  Kramer Levin
  Baker Botts
  Alton & Bird
  Sheppard Mullin
  McDermott

How can you make a list of shame and leave off CovingTTTon and the rest of the DC native firms?

CovingTTTon is not even top 50 in PPP (lower than Katten and about half the PPP of Willkie, after all) and the firm’s profits haven’t been growing at nearly the rate as firms like Latham, Paul Hastings, and Akin Gump. CovingTTTon truly earns all three of its Ts, but at least they have an excuse (being poor) for not being so quick to match.

As a non-DC lawyer, I don’t even know what a Hogan Lovells is.

The stuff about CovingTTTon is credited, but HL had like $1.8 billion in revenue last year so they have much less of an excuse.

And even lower PEP than Covington... let's pick a metric and go with it rather than redefine "rich" firms to achieve desired results. Dentons is one of the largest firms in the world by revenue--don't think anyone's gonna start calling for #(upstate)NYto190

[Anonymous User]

Hogan Partner: "We are in the middle of reviewing how this will impact us."

Is this a reference to CovingTTTon 2016 or just plain 'ol trolling?

[Anonymous User]

Hogan Partner: "We are in the middle of reviewing how this will impact us."

Is this a reference to CovingTTTon 2016 or just plain 'ol trolling?

Neither - Hogan associate here. This was a statement made today by a partner.

[NakedPowerOrgan]

Wall of Shame (listed from most shame to least shame, based on PPP, firm’s growth over recent years, and ability to pay bonuses and raises):

• Fried Frank
  Latham
  Paul Hastings
  CovingTTTon
  Hogan Lovells
  A&P
  Akin Gump
  King & Spalding
  Vinson & Elkins
  Shearman & Sterling
  Gibson Dunn
  Dechert
  Wilmer
  Schulte
  Cooley
  Kramer Levin
  Baker Botts
  Alton & Bird
  Sheppard Mullin
  McDermott

How can you make a list of shame and leave off CovingTTTon and the rest of the DC native firms?

CovingTTTon is not even top 50 in PPP (lower than Katten and about half the PPP of Willkie, after all) and the firm’s profits haven’t been growing at nearly the rate as firms like Latham, Paul Hastings, and Akin Gump. CovingTTTon truly earns all three of its Ts, but at least they have an excuse (being poor) for not being so quick to match.

As a non-DC lawyer, I don’t even know what a Hogan Lovells is.

The stuff about CovingTTTon is credited, but HL had like $1.8 billion in revenue last year so they have much less of an excuse.

Gross revenue doesn’t mean a whole lot when you’re not that profitable, same for Baker McKenzie and Norton Rose. Associate raises would take quite a chunk out of partners’ average profits of sub-$1.3MM.

[Anonymous User]

Hogan Partner: "We are in the middle of reviewing how this will impact us."

Is this a reference to CovingTTTon 2016 or just plain 'ol trolling?

Neither - Hogan associate here. This was a statement made today by a partner.

Okay so translate to "we will wait until the last possible minute to even consider matching."

[Anonymous User]

And even lower PEP than Covington... let's pick a metric and go with it rather than redefine "rich" firms to achieve desired results. Dentons is one of the largest firms in the world by revenue--don't think anyone's gonna start calling for #(upstate)NYto190

Like many other firms with low-seeming PEP numbers, HL has like 50 offices, many of which are in places like Zagreb and Johannesburg and Ulaanbataar (yes, really). Something tells me the partners in Mongolia make less than they do in Washington, DC. I'd be willing to bet that the U.S. partners make comparable amounts to partners at every other V30ish firm.