More time for DPW or Cravath to match means re-raise is more likely...right!?

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Cravath won't do anything but follow everyone else's lead. Frankly, we should stop calling it the Cravath scale.

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They also technically set the EOY bonus scale this year, even though it was a very weak raise that was effectively topped by the special bonuses from DPW. DPW didn’t go over the top on EOY bonuses for a reason.

I think firms with low attrition won’t match

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My firm had an all associates meeting last week (before the salary increase) and they went on and on how they want to fix attrition and are making moves to hire more laterals. Back in July, they said they will always have competitive pay. Not matching would literally be antithetical to the only official and direct communication the firm has really had to everyone except from the COVID policy. Not matching would be a killer...I'd call a recruiter tomorrow.

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When do we think there will be additional movement? I feel like it didn’t take this long the last couple of raises… Thoughts?

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Okay I’ll bite, who is DPW?

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Guys I’m serious…

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