NYC to 200k

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Anonymous User
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Re: NYC to 200k

Postby Anonymous User » Fri Jun 22, 2018 1:50 pm

Shut the fuck up.

Anonymous User
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Re: NYC to 200k

Postby Anonymous User » Fri Jun 22, 2018 1:51 pm

At an hours requirement firm. Billed 1450 last year and got 90% bonus. Took all my vacation time.

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Re: NYC to 200k

Postby Anonymous User » Fri Jun 22, 2018 1:51 pm

Anonymous User wrote:Losing hope for OMM...


Welcome to the transcontinental pity party with all us DC associates.

Anonymous User
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Re: NYC to 200k

Postby Anonymous User » Fri Jun 22, 2018 1:51 pm

Anonymous User wrote:At an hours requirement firm. Billed 1450 last year and got 90% bonus. Took all my vacation time.


Same. But got no bonused.

Anonymous User
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Re: NYC to 200k

Postby Anonymous User » Fri Jun 22, 2018 1:53 pm

Anonymous User wrote:
Anonymous User wrote:I think that the best for associates is having a low hours requirement, like 1900. Super easy to hit, and if I am way over pace I can spend days or weeks with a light workload billing 3-4 hours a day and not feeling pressured to frantically search for more work. If there was no requirement, I think the expectation would be “why are you barely working? This is a work day do something.” But with a low requirement people are like “oh damn on pace for 2,300? Yeah, enjoy this slow time when you can!”

I’m totally speculating here, but that’s how I would picture it.


At a firm with no billable requirement, you just don't think about hours at all. You are busy or you are not busy. That's all. Perhaps it's different for Wachtell, but there's no NYC firm that makes you work so much all the time that you literally have no life. There are some months where you absolutely have no life to be sure. But other times, it's not as bad and you do have some free time.


This is correct.

The average associate in nyc V5 is not billing 2400 in my experience. As an associate at S&C, we are shown figures by firm management that average associate hours are around 1700-1800 (which is less than average partner billables). I personally billed 1750 as a 3rd year and got full bonus, no comment at all about hours in reviews. This is not atypical. At Skadden I would have gotten no bonus, which would have sucked.

Obviously there are people who get crushed but remember sometimes it’s your fault if you don’t step off the treadmill. Being at a no minimum firm is highly, highly preferable.

Anonymous User
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Re: NYC to 200k

Postby Anonymous User » Fri Jun 22, 2018 1:55 pm

Anonymous User wrote:
Anonymous User wrote:At an hours requirement firm. Billed 1450 last year and got 90% bonus. Took all my vacation time.


Same. But got no bonused.


Anon from above. I would have been fine getting no bonus. Ask anyone here if they'd trade 20k of pre-tax comp for 550 less hours billed. Almost everyone would take it. Gonna weasel my way to lasting another year here and then gtfo of this awful industry.

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Re: NYC to 200k

Postby Anonymous User » Fri Jun 22, 2018 1:56 pm

Anonymous User wrote:
Anonymous User wrote:
im watching all three world cup games every day


This. And I'll keep doing it until my TTT firm matches.

Anonymous User
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Re: NYC to 200k

Postby Anonymous User » Fri Jun 22, 2018 2:03 pm

Anonymous User wrote:
Anonymous User wrote:At an hours requirement firm. Billed 1450 last year and got 90% bonus. Took all my vacation time.


Same. But got no bonused.


I was just shy of bonus by ~50 hours and got zero.

Anonymous User
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Re: NYC to 200k

Postby Anonymous User » Fri Jun 22, 2018 2:07 pm

Anonymous User wrote:
Anonymous User wrote:
Anonymous User wrote:At an hours requirement firm. Billed 1450 last year and got 90% bonus. Took all my vacation time.


Same. But got no bonused.


I was just shy of bonus by ~50 hours and got zero.


Skadden’s state of the firm said average associate billables (including permitted marketing / pro bono etc) were 1750. Skadden’s bonus threshold is 1800. I think people here are underestimating how many people get screwed.

Anonymous User
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Re: NYC to 200k

Postby Anonymous User » Fri Jun 22, 2018 2:08 pm

Anonymous User wrote:
Anonymous User wrote:
Anonymous User wrote:I think that the best for associates is having a low hours requirement, like 1900. Super easy to hit, and if I am way over pace I can spend days or weeks with a light workload billing 3-4 hours a day and not feeling pressured to frantically search for more work. If there was no requirement, I think the expectation would be “why are you barely working? This is a work day do something.” But with a low requirement people are like “oh damn on pace for 2,300? Yeah, enjoy this slow time when you can!”

I’m totally speculating here, but that’s how I would picture it.


At a firm with no billable requirement, you just don't think about hours at all. You are busy or you are not busy. That's all. Perhaps it's different for Wachtell, but there's no NYC firm that makes you work so much all the time that you literally have no life. There are some months where you absolutely have no life to be sure. But other times, it's not as bad and you do have some free time.


This is correct.

The average associate in nyc V5 is not billing 2400 in my experience. As an associate at S&C, we are shown figures by firm management that average associate hours are around 1700-1800 (which is less than average partner billables). I personally billed 1750 as a 3rd year and got full bonus, no comment at all about hours in reviews. This is not atypical. At Skadden I would have gotten no bonus, which would have sucked.

Obviously there are people who get crushed but remember sometimes it’s your fault if you don’t step off the treadmill. Being at a no minimum firm is highly, highly preferable.


if u were at skadden, you coulda billed 50 to pro bono and got your bonus. for all intents and purposes, that's the same.

Anonymous User
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Re: NYC to 200k

Postby Anonymous User » Fri Jun 22, 2018 2:12 pm

Anonymous User wrote:Losing hope for OMM...


OMM will match. I feel like OMM's rep has already lost some cache (my baby boomer FIL talks about OMM like it's Gibson Dunn or Latham). But PPP is still high even though declining. I just don't think OMM wants to resign itself to second-tier status.

Anonymous User
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Re: NYC to 200k

Postby Anonymous User » Fri Jun 22, 2018 2:16 pm

Anonymous User wrote:
Anonymous User wrote:Losing hope for OMM...


OMM will match. I feel like OMM's rep has already lost some cache (my baby boomer FIL talks about OMM like it's Gibson Dunn or Latham). But PPP is still high even though declining. I just don't think OMM wants to resign itself to second-tier status.


I think OMM views Latham and Gibson as peer firms, so I wouldn't be shocked if we see a match from OMM soon.

Anonymous User
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Re: NYC to 200k

Postby Anonymous User » Fri Jun 22, 2018 2:18 pm

Anonymous User wrote:
Anonymous User wrote:
Anonymous User wrote:Losing hope for OMM...


OMM will match. I feel like OMM's rep has already lost some cache (my baby boomer FIL talks about OMM like it's Gibson Dunn or Latham). But PPP is still high even though declining. I just don't think OMM wants to resign itself to second-tier status.


I think OMM views Latham and Gibson as peer firms, so I wouldn't be shocked if we see a match from OMM soon.


I would be shocked to see a match from Latham soon. Where the hell are those guys?

Anonymous User
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Re: NYC to 200k

Postby Anonymous User » Fri Jun 22, 2018 2:20 pm

Anonymous User wrote:
This is correct.

The average associate in nyc V5 is not billing 2400 in my experience. As an associate at S&C, we are shown figures by firm management that average associate hours are around 1700-1800 (which is less than average partner billables). I personally billed 1750 as a 3rd year and got full bonus, no comment at all about hours in reviews. This is not atypical. At Skadden I would have gotten no bonus, which would have sucked.

Obviously there are people who get crushed but remember sometimes it’s your fault if you don’t step off the treadmill. Being at a no minimum firm is highly, highly preferable.


I get the feeling that reported averages include laterals, people who took time a large amount of time off (maternity leave or otherwise), people on part time arrangements, etc. Wonder if they even count stub years. I don't think they're at all representative of what a typical associate would bill over the course of 12 months.

Anonymous User
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Re: NYC to 200k

Postby Anonymous User » Fri Jun 22, 2018 2:21 pm

they also count all the people who know they are quitting and just cruising for six months, labor associates, etc.

Anonymous User
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Re: NYC to 200k

Postby Anonymous User » Fri Jun 22, 2018 2:25 pm

Anonymous User wrote:
Anonymous User wrote:
This is correct.

The average associate in nyc V5 is not billing 2400 in my experience. As an associate at S&C, we are shown figures by firm management that average associate hours are around 1700-1800 (which is less than average partner billables). I personally billed 1750 as a 3rd year and got full bonus, no comment at all about hours in reviews. This is not atypical. At Skadden I would have gotten no bonus, which would have sucked.

Obviously there are people who get crushed but remember sometimes it’s your fault if you don’t step off the treadmill. Being at a no minimum firm is highly, highly preferable.


I get the feeling that reported averages include laterals, people who took time a large amount of time off (maternity leave or otherwise), people on part time arrangements, etc. Wonder if they even count stub years. I don't think they're at all representative of what a typical associate would bill over the course of 12 months.


This. All my friends at V10s work a lot. Sure they may have an easy year (like Y3 above), but average they are probably all putting in well over 2000 a year. Note how nobody here has stood up and said "I'm at a lockstep bonus no minimum hours firm and regularly billed less than 2k and had no problems with that." Speaks for itself.

Anonymous User
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Re: NYC to 200k

Postby Anonymous User » Fri Jun 22, 2018 2:28 pm

Anonymous User wrote:
Anonymous User wrote:Mayer Brown matched raises and bonuses. you need 1900 prorated hours by the end of June and if you don't hit it now but hit it end of year, they'll include it in your year-end bonus.


What about incoming associates? Will they be on the 180 or 190 scale?


190 (summers too)

malibustacy

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Re: NYC to 200k

Postby malibustacy » Fri Jun 22, 2018 2:34 pm

Anonymous User wrote:
Anonymous User wrote:Mayer Brown matched raises and bonuses. you need 1900 prorated hours by the end of June and if you don't hit it now but hit it end of year, they'll include it in your year-end bonus.


What about incoming associates? Will they be on the 180 or 190 scale?


How is this a serious question? Holy shit.

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

Re: NYC to 200k

Postby Anonymous User » Fri Jun 22, 2018 2:40 pm

malibustacy wrote:
Anonymous User wrote:
Anonymous User wrote:Mayer Brown matched raises and bonuses. you need 1900 prorated hours by the end of June and if you don't hit it now but hit it end of year, they'll include it in your year-end bonus.


What about incoming associates? Will they be on the 180 or 190 scale?


How is this a serious question? Holy shit.


I know, right? Sure, the Yale/Columbia elitists are the neurotic/read into everything types, but calm down folks.

worklifewhat

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Re: NYC to 200k

Postby worklifewhat » Fri Jun 22, 2018 2:42 pm

malibustacy wrote:
Anonymous User wrote:
Anonymous User wrote:Mayer Brown matched raises and bonuses. you need 1900 prorated hours by the end of June and if you don't hit it now but hit it end of year, they'll include it in your year-end bonus.


What about incoming associates? Will they be on the 180 or 190 scale?


How is this a serious question? Holy shit.

Perfect response.

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

Re: NYC to 200k

Postby Anonymous User » Fri Jun 22, 2018 2:44 pm

worklifewhat wrote:
malibustacy wrote:
Anonymous User wrote:
Anonymous User wrote:Mayer Brown matched raises and bonuses. you need 1900 prorated hours by the end of June and if you don't hit it now but hit it end of year, they'll include it in your year-end bonus.


What about incoming associates? Will they be on the 180 or 190 scale?


How is this a serious question? Holy shit.

Perfect response.


Just comes to show the declining medians at law schools.

Anonymous User
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Re: NYC to 200k

Postby Anonymous User » Fri Jun 22, 2018 3:03 pm

Anonymous User wrote:Skadden’s state of the firm said average associate billables (including permitted marketing / pro bono etc) were 1750. Skadden’s bonus threshold is 1800. I think people here are underestimating how many people get screwed.


The firms I have worked at both seem to have had that same thing, where the average is just below what it takes to qualify for a bonus, but most associates appear to have come in above the bonus line. I think it is just that most associates come in just over the bonus line, but then you get some extremely low ones that pull the average way down. Maybe just people who couldn't find much work, but for all I know it could also be like people out on disability, maternity/paternity leave, maybe people being dedicated to special non-billable projects, who knows. Averages are a pretty bad way to measure that kind of thing really.

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

Re: NYC to 200k

Postby Anonymous User » Fri Jun 22, 2018 3:04 pm

Anonymous User wrote:
Anonymous User wrote:Losing hope for OMM...


OMM will match. I feel like OMM's rep has already lost some cache (my baby boomer FIL talks about OMM like it's Gibson Dunn or Latham). But PPP is still high even though declining. I just don't think OMM wants to resign itself to second-tier status.


If they don’t match today, I’ll still be hopeful...but I may also be picking up recruiter phone calls next week.

Anonymous User
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Re: NYC to 200k

Postby Anonymous User » Fri Jun 22, 2018 3:05 pm

Hogan to 200

Anonymous User
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Re: NYC to 200k

Postby Anonymous User » Fri Jun 22, 2018 3:13 pm

Anonymous User wrote:
Anonymous User wrote:
Anonymous User wrote:Losing hope for OMM...


OMM will match. I feel like OMM's rep has already lost some cache (my baby boomer FIL talks about OMM like it's Gibson Dunn or Latham). But PPP is still high even though declining. I just don't think OMM wants to resign itself to second-tier status.


If they don’t match today, I’ll still be hopeful...but I may also be picking up recruiter phone calls next week.


If they haven't matched by end of day Monday, I'm convinced it's not going to happen. They've certainly already made up their mind on it since it's been ~2.5 weeks since Milbank raised.



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