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Yes, but they will try to dock your class year if you lateral from outside the state
Yes.
It’s Kirkland. They’re market (or above with bigger bonuses for heavy billers) everywhere.
Yes, New York Cravath scale salary and bonus (and above market for those billing over 2000 hours), for all Kirkland offices. Coming from NY to Miami, the tax savings are enormous (amounts to over $200K in tax savings the 6 years as an associate). 🤑
Eh I have a waterfront condo in Williamsburg with total payment of $15,000 a month (mortgage plus property tax and condo fee). A place similar to mine is not all that differently priced in Miami. Once you factor in much higher property taxes in Miami, and very low property taxes in New York, and home ownership beyond a certain level of luxury becomes a wash. Although you still make out somewhat better in Miami with no income tax, you can skip nyc city taxes easily if you have a Jersey residence you can claim (ny state income tax is not that bad). Just look!The cost benefit analysis between Miami and nyc is so exhausting my cat just fell asleep
Subject Expert
That’s great but then you have to deal with Miami exit opps, which are…nowhere near as great as NY. I’m not saying moving from NY to Miami to save on taxes is irrational, but folks should know that taxes paid as an associate is only one side of the equation lol
Subject Expert
Fair points guys but I think this depends a lot on practice area. For funds for example, the sheer density of funds/firms/in-house opps in NYC basically outweighs the increased competition factor. I know people who literally relocated from Miami to NY because it was way easier to land opportunities in their niche despite the competition being fiercer on paper. Anecdotal but illustrative.
That said, totally agree Miami is a great market (especially tax wise), but you gotta do your homework for your practice area and go in with your eyes wide open bc I find the smaller market = easier exits claim highly dubious for a lot of reasons.
Workload also reflects NY practice fwiw
That’s fine, nyc taxes and cost of living are the biggest issues as I get more senior. The math is brutal (and I know Brickell is pricey, but still not as bad as nyc)
Just go to Texas, Dallas, Houston, Austin are where it’s at
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