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Mindtree hike letter rolling out
Additional Posts in Big Law
How do you give notice in big law?
I’d rather quit than revise this agreement.
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Given that it is effective July 1, does that mean the effective raise is just half for this year ($5k / $10k over the next 6 months) or will this be trued up back to Jan 1 so that we see the full $10k / $20k for this calendar year?
I don’t think they would true up
Summer bonus now + increase to year end bonus scale.
What do we think this means for summer bonuses? The scale increase is less than those were last year…
I suspect summer bonuses will stay or be absorbed into year end bonuses. Total comp, including bonus, always goes up.
Coach
10K chump change got the juniors feening. 20 is just scratching the surface.
Over the past decade, the median increase by class year is:
$10k
$10k
$10k
$20k
$30k
$30
$35k
$35k
So yes the more senior classes have historically gotten larger gross raises. After multiple rounds of this that’s part of why there is such an extreme jump in comp from the junior levels - it used to be more compressed.
THATS WHAT IM TALKING ABOUT!! (u better not be lyin)
Coach
Please favor us with a screenshot
Chump change so the industry can act like it’s anywhere close to matching inflation.
Coach
above the law is reporting this.
News to mcdermott ppl. Never got an email
Milbank #1
Mentor
How much is that across paycheck? I’m a 2021 but these raises are negligible. Give me the fat bonus instead!!
General rule of thumb: every $20k = $1k/month after taxes. Subject to deductions, taxes, etc.
Coach
McDermott just matched
Coach
Explains why they were able to move so fast - all the savings from the fired associates
Will Cravath increase further?
Who? Maybe DPW will.