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I would consider staying at my V5 if I made more than someone at V40. But I don’t. I likely make less per hour…

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Exactly. The people who are really winning are the ones who did way worse than you in school and ended up in Dallas. 😂

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Baker McKenzie and Dechert match Davis Polk

likeuplifting

If my firm doesn’t match by July 1 (I.e., colleagues at other firm start making more in July paychecks) I’m putting in notice. No way in hell I’m working somewhere that does not pay top of market

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Mintz matching is top 3 most random things all year

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McDermott matches Davis Polk.

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IDC what anyone says, this is a slap in the face for all of us that are annualizing 3k

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They say you should make 1/3 of what you bring in. If that’s true, I earn my pay (with full bonus) at around 1500 hours. So I think the firm is doing pretty well off me.

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A lot of people at a lot of places would be better off if their firms didn’t try to keep matching.

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While admittedly anecdotal, from my experience when you get not that far down the PEP chart, you start running into firms that are successful but aren’t that far from trouble if they lose a limited number of highly paid partners. The issue isn’t so much can they afford it. Sure, they likely can. The issue is those firms have significantly less capacity to absorb additional expenses, and these types of expenses put much more strain on the system than at other firms. I certainly don’t begrudge associates for getting as much as they can, but the business would be much easier for many people if firms below a certain small group stopped trying to pretend everyone is playing in the same sandbox.

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Milbank and others that matched will now have to meet the new bar DPW has set.

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I would be shocked if my v40 matched.

likefunny

I wonder if everyone who usually matches is really going to this time even after special bonuses

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^^^ Wondering the same. Associates at my firm have been dropping like flies. Management is always disgruntled when they give us more money, but they kind of don't have a choice at this point 💁‍♀️

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Holy...

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Senior associates will top 500k this year. Bonk. Show me an in house job ANYWHERE that tops this. (No seriously, please do it.)

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Apples and oranges. You don’t go in house for cash comp. You do it because hopefully your life will be better than the biglaw dumpster fire of a life.

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I wonder if Kirkland or Cravath will top DPW? That's why Milbank et al are waiting to match to see if this happens so they don't have to play catch up twice?

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Kirkland never beats market base salary. Wouldn’t bet on it.

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Related Posts

Hi fishes,

I have got my Infosys offer letter. But i was expecting more hike depending on my current CTC.
Do you guys think that they would revise the offer?

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Anybody else consider credit cards and cash to be dirty at this point? All those asymptomatic people walking around touching their faces and putting their hands in purses and wallets.

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Can someone suggest a breakup of CTC so that tax can be minimised, my CTC is 11 lpa. I don't have any home loan currently.

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I feel like I die a little inside every time someone cites Wikipedia instead of actual research

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Is there anyone in HR that can clarify this for me a little- Hawaii is a state that prohibits future employers from asking your salary. How does this apply to remote positions? Is it only based on the home state of the company? Or would it apply because I am applying from Hawaii?

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A colleague and I have been getting a lot of nudges about ACD positions, so I’m doing my homework here. What should my salary expectations be, and what % of my time should I expect to spend on coaching/mentoring?

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Is there such thing as a 9-5 job in comms? Mid-senior approx 15 years experience. Feeling burnt out and wanderlusty after a career at a large agency. Do options for balance exist? Not necessarily looking for company names (though, sure toss them out!), but more so paths people have tried I might not be thinking of. Thanks!

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It’s a Christmas miracle! 🐶🐱

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likeuplifting

I joined a company yesterday. I got another offer the next day from a very good company.
The joined company has not shipped the laptop yet. Just onboarding calls are over. Can I abscond and join with a new offer? What are your suggestions? I really want to join a new offer as it's a good company.

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Want to start my own business and get some big name on my resume. Which schools apart from HSW?

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Hi All,
I have around 10 years experience in IT industry, mainly on QA automation. I have experience with
PwC and Deloitte in the USA.
My I797 expired, however I have 10 months remaining on initial 6 year period. I’m looking for opportunities in US for getting H1B/L1. I’m open for positions in India initially as well. I’m well versed with Salesforce too. Any suggestions are really appreciated Accenture PwC EY KPMG Capgemini Salesforce

How much a product training manager can earn after 2 yrs of experience in pharma industry @palsonsderma

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Everyone has inside of her a piece of good news. The good news is that you don’t know how great you can be, how much you can love, what you can accomplish, and what your potential is.

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Self contained ASD room. Does anyone not follow school bell schedule? Do you start and end each hour like the Gen Ed kids ( 1st hr. 2nd hr. and so on)? If you don’t follow bells, how does that work for you and do you do anything different?

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pardon the rant. im filing with my current tax person this year but am having a really unpleasant experience. i have switched to a partner/k1 status which is exciting but need help and education. instead of offering guidance the person i am getting comments about how high my income in a slightly aggressive way. i would love to work with a person or company that isn’t making me uncomfortable about my income. has anyone else experienced this? would also love tax recos if anyone has someone in NY.

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If you work with me, you’ll recognize this from our Zoom and Teams calls.

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When you're 1 day from issuing and you keep finding lovely surprises in the work papers left by your associates.... Oh the joys.

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Not drinking alcohol in consulting puts 1 at a significant disadvantage. Especially with partners.

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Hi Fishes,

Can anyone let me know what I would get as monthly salary from this compensation from HCL. HCL Technologies . Also like to know about Variable pay. How it will going to credit either by quarterly or yearly.

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Hello Everyone,

I have 3+ years of BFSI Experience, with MBA from FMS, BHU, I want to shift towards a management consulting position. Kindly refer if there is any vacancy in your organisation

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Additional Posts in Big Law

Good corporate groups at Debevoise? I’m an incoming summer and am pretty indifferent to the actual work, but was wondering if there are any particular groups that had nicer people than others. Any insight would be appreciated!

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Had someone lateral into our firm as a fifth year (soon to be sixth). They were kind of a retool and went from small law to the firm I’m at. They are still learning a lot of basic stuff, and I think it’s weird that the firm hired someone at that level as a retool. They sometimes ask me for help with stuff, but I’m just getting annoyed at this point. Can I just say “no” since they’re about to be a mid/senior associate who should know all of this?

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As a junior associate, how do you find the healthy balance to take initiative in matters as opposed to wasting billable time on something the client won’t pay for or the partner might not actually want?

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Anyone else just sitting around waiting for the ax to drop? I'm a soon to be 2nd year corporate associate who has seen work completely dry up. My utilization held pretty steady around 50% immediately after shutdown, but August was below 15 billables with no appreciable work in the pipeline. Aside from letting people know I'm available and doing pro-bono/CLE, it's starting to feel like a serious "covidcation" leading to termination.

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I know not directly related to Biglaw. Could someone help me get a gauge on AML/Compliance salaries in NYC? Could you please provide “City, Firm or Bank, Title, Salary” and any helpful tips? Currently in the interview process for a Manager position at an AML consulting firm. I’m trying to figure out where the market stands for Manager / Director all in comp for AML?

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What are some non-firm exit options for restructuring associates? Third year at v30 dreaming of a better future 🤔

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I’ve seen this rant a lot so I know we all have that one partner—but for the love of god can you just forward me the emails when you get it?? I see you got this urgent request over 10 days ago 🙄🙄🙄🙄🙄

likefunny

How soon is too soon to lateral (if you’re a three week old lateral)

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How is the capital markets group at Kirkland?

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Work has recently picked up, and I now have 3 live deals with regular morning meetings. As a junior associate, what should I do when I see semi-urgent emails when I am on a meeting for another matter taking notes?

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Hi I’m new to a firm and haven’t made friends with the other associates to ask. But on average how long do you take to do doc review? I’m worried I’m taking too long and going to be harshly judged by how long I spend.

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Any insight on what a 2012 lateral NEP should expect in the package at a v20? Anything specific to ask for?

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Do you plan on living in NY forever? It doesn’t look like it’s easy to raise children or be old in this city.

likesmart

New associate and our firm is slowly returning to the office. I really like my work from home setup that includes an ultra wide monitor and a another monitor in portrait mode. Would it be frowned upon to replicate this in my office?

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What do you spend on your assistant's Christmas gift?

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To all those in management, how do firms that haven’t instituted pay cuts/furloughs manage to do that? Is it because their clients are still paying the bills, because they are borrowing money, because partners just won’t see profit this coming year? Some combo?

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Recently passed the Massachusetts bar exam and I’m looking for some junior roles in Boston now. I graduated law school last year so I am very early into my legal career. Does anyone have recruiter recommendations or know someone that I could reach out to to help guide me through this process?

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I got an offer from firm 1 before the memorial holiday and have been stalling because I am waiting for an offer from firm 2..
I was working with a partner from firm 2 who got me an interview with the managing partner.. I got a verbal offer last week.. the staff told me they are processing the paperwork.
Should I still wait for firm 2? I feel like I can’t stall anymore.. I feel like I really should give firm 1 a response this week 😮‍💨 but I don’t want to lose both offers

likehelpful

What do you think? Is it ever okay to tell another senior associate that you are not their junior associate? My rate is 10% higher.

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Heard that Baker McKenzie has a tax practice group. Can anyone provide more information on this company and referrals? JD and currently in big 4 doing transfer pricing, looking to transition

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