DC firm salary ($160k) increase?
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Date: January 25th, 2007 12:04 AM Author: Aphrodisiac pit organic girlfriend
so my NYC-based DC firm was starting at $145k base, but I hear rumors that all top NYC firms are raising to $160k.
Anyone know anything about raises for DC firms that were already offering $145k?
(http://www.autoadmit.com/thread.php?thread_id=569368&forum_id=2#7481361) |
Date: January 25th, 2007 12:33 AM Author: Aphrodisiac pit organic girlfriend
bumb...certainly someone's heard something...
(http://www.autoadmit.com/thread.php?thread_id=569368&forum_id=2#7481488) |
Date: January 25th, 2007 8:58 AM Author: Insanely creepy nursing home cuck
Can you not fucking read? Even if you'd just click on any link at random, you'd probably find the info you're looking for. Most DC firms whose main office is in NYC are going to $160k (e.g., Skadden, Cleary, Debevoise, etc.). So far, OMM has only raised to $145k, but that might change depending on what the major DC firms do. HTH
(http://www.autoadmit.com/thread.php?thread_id=569368&forum_id=2#7482371) |
Date: January 26th, 2007 5:01 PM Author: Obsidian dragon
DC offices at $160K:
Cadwalader
Chadbourne* (only matched NY for 1st years)
Cleary Gottlieb
Clifford Chance
Davis Polk
Debevoise
Dewey Ballantine
Fish & Richardson
Fried Frank
LeBoeuf Lamb
McKee Nelson
Milbank
Orrick
Paul Weiss
Shearman & Sterling
Simpson Thacher
Skadden Arps
Sullivan & Cromwell
Thacher Proffitt & Wood
Weil Gotshal
Willkie Farr
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DC offices at $145K:
Akin Gump
Covington & Burling
Gibson Dunn
Hogan & Hartson
Jenner & Block
Latham & Watkins
Mayer Brown
Morrison & Foerster
O'Melveny & Myers
Patton Boggs
Paul Hastings
Sheppard Mullin
Sidley Austin
Steptoe & Johnson
WilmerHale
(http://www.autoadmit.com/thread.php?thread_id=569368&forum_id=2#7490618) |
Date: January 26th, 2007 5:29 PM Author: Irate state
DC at $160K is a whole lot better than NYC at $160K.
(http://www.autoadmit.com/thread.php?thread_id=569368&forum_id=2#7490770) |
Date: January 27th, 2007 1:20 PM Author: ruddy rehab windowlicker
It still isnt enough.
It sad to see law students who havent billed their first 60 hour week clamor over this. When you join these firms (and they're basically all the same), you'll be in misery like 90% of us that are in them now.
(http://www.autoadmit.com/thread.php?thread_id=569368&forum_id=2#7495246) |
Date: January 29th, 2007 6:49 PM Author: Sexy Area Pistol
This is bizarre in a sense.
I mean, this isn't going to slaughter Covington or Hogan or the other DC prestige factories but its going to fucking murder the non-NYC branches. Who in their right mind is going to go to Akin, Sutherland, Hunton Williams, King and Spalding, etc. over any NYC branch?
(http://www.autoadmit.com/thread.php?thread_id=569368&forum_id=2#7507475) |
Date: January 29th, 2007 7:13 PM Author: Insanely creepy nursing home cuck Subject: Fish & Richardson to Covington et al: DING, fags!
This is a great quote:
“We really consider ourselves competing with firms that went beyond $145,000,” said Peter Devlin, president of Fish & Richardson. “We want to be at the top of the market in terms of the work we do, clients we get, and talent we attract.”
http://www.law.com/jsp/dc/PubArticleDC.jsp?id=1170077828980
(http://www.autoadmit.com/thread.php?thread_id=569368&forum_id=2#7507609) |
Date: January 30th, 2007 5:41 PM Author: Insanely creepy nursing home cuck Subject: A list from ATL with associate #s
DC offices at $160K (estimated no. of DC associates):
Skadden Arps (176)
Fried Frank (84)
Willkie Farr (62)
Cleary Gottlieb (56)
LeBoeuf Lamb (46)
McKee Nelson (46)
Weil Gotshal (44)
Cadwalader (34)
Clifford Chance (31)
Fish & Richardson (28)
Milbank (26)
Shearman & Sterling (22)
Debevoise (18)
Sullivan & Cromwell (16)
Dewey Ballantine (15)
Paul Weiss (14)
Simpson Thacher (7)
Thatcher Proffitt (9)
Davis Polk (3)
-----------------------
DC offices at $145K (estimated no. of DC associates):
Hogan & Hartson (162)
Covington & Burling (159)
Sidley Austin (109)
O'Melveny & Myers (107)
Mayer Brown (89)
Akin Gump (63)
Morrison & Foerster (51)
Jenner (23)
Sheppard Mullin (15)
No. of associates comes from firm website (some are rough counts) or from NALP.
http://www.abovethelaw.com/2007/01/skaddenfreude_late_afternoon_o.php#comment-11935
(http://www.autoadmit.com/thread.php?thread_id=569368&forum_id=2#7513627) |
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Date: January 30th, 2007 5:48 PM Author: Sexy Area Pistol
So for the moment, a little over 700 at 160 firms v. a little under 700 at 145 firms. That said, most of NYC has moved and a lot of DC has not. DC will follow Covington and Hogan. GDC will follow OMM. Kirkland and Mayer will (actually, Mayer just did per ATL) follow Sidley and Jenner.
Other than the few NYC offices left and MAYBE Latham, that's probably it for 160K in DC.
(http://www.autoadmit.com/thread.php?thread_id=569368&forum_id=2#7513663) |
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Date: January 30th, 2007 5:54 PM Author: Sexy Area Pistol
I doubt it. They're waiting for Ropes to announce $160K NYC and $145K every where else (most importantly in Boston) so they can safely follow Covington and Ropes.
Wait, did Proskauer go to $160 in Boston?
(http://www.autoadmit.com/thread.php?thread_id=569368&forum_id=2#7513684) |
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Date: January 30th, 2007 5:57 PM Author: Sexy Area Pistol
I just don't see what the incentive is for Wilmer. The top of DC would follow them and they'd be no better off, except maybe vis-a-vis Skadden, but I don't even really think that matters much.
Plus they have to deal with Boston, where I think Ropes will set $145K. I don't think they can go 160 in DC without going 160 everywhere.
They'd save a lot of money by going 160 in NYC and 145 everywhere else and I'm not sure how much they gain by going to 160 everywhere.
(http://www.autoadmit.com/thread.php?thread_id=569368&forum_id=2#7513704) |
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Date: January 30th, 2007 6:18 PM Author: Sexy Area Pistol
Of the top 25s left...
Wilmer, Ropes, Kirkland, GDC, AP: 160K in NYC and 145K everywhere else
Latham: Probably 160K everywhere
JD: 160K in NYC, 145K in DC and LA, whatever they want everywhere else
(http://www.autoadmit.com/thread.php?thread_id=569368&forum_id=2#7513798)
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Date: January 30th, 2007 6:07 PM Author: Sexy Area Pistol
You mean you doubt they'll go to 160?
Latham might. For better or worse, they're starting to think they're Skadden.
(http://www.autoadmit.com/thread.php?thread_id=569368&forum_id=2#7513762) |
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Date: January 30th, 2007 5:57 PM Author: Obsidian dragon
Great find Indubitably.
I suspect this is the way things will stay. So far, I don't believe a single firm went from $135K to $160K. A&P won't be the first to do it. It looks like Latham or Wilmer are the only hopes, but they don't have much incentive to make the leap to $160K (after all, who would pick the NY firms over Wilmer?).
(http://www.autoadmit.com/thread.php?thread_id=569368&forum_id=2#7513709) |
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Date: January 30th, 2007 6:05 PM Author: Insanely creepy nursing home cuck
"So far, I don't believe a single firm went from $135K to $160K"
Didn't Fish? (not that I'd actually heard of them prior to their raise)
(http://www.autoadmit.com/thread.php?thread_id=569368&forum_id=2#7513750) |
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Date: January 30th, 2007 6:38 PM Author: Obsidian dragon
I thought Fish was at 145K, but I guess you're right.
Fried Frank was also at 135K last year, but they raised to 145K a couple weeks before Simpson's raises.
Were there any other firms?
(http://www.autoadmit.com/thread.php?thread_id=569368&forum_id=2#7513888) |
Date: January 30th, 2007 10:05 PM Author: Obsidian dragon Subject: Davis Polk and Thacher Proffitt Wood
I added Davis Polk's 3 associates and Thacher Proffitt Wood's 9 associates to the $160K list.
(http://www.autoadmit.com/thread.php?thread_id=569368&forum_id=2#7515236) |
Date: January 30th, 2007 10:59 PM Author: Cracking slimy plaza national security agency
For the DC firms going to 160, does anyone know if the 2007 summers will get a proportional raise as well?
(http://www.autoadmit.com/thread.php?thread_id=569368&forum_id=2#7515561) |
Date: January 31st, 2007 10:16 AM Author: Insanely creepy nursing home cuck
ATL is reporting Mayer DC at $145k. No surprise there.
(http://www.autoadmit.com/thread.php?thread_id=569368&forum_id=2#7517565) |
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Date: January 31st, 2007 12:51 PM Author: Sexy Area Pistol
I said that above. But its looks like that's gonna be the deal. Ropes will announce now at 160/145. Same with AP.
Don't know what Kirkland and Latham with do but even if they go 160 its not going to move the DC and other non-NYC DC offices.
I mean, I don't think it will hurt them much with laterals who understand there is a potential difference with regard to lifestyle and quality of work. And I don't think its going to hurt Wilmer, Covington, Hogan, A&P, et. al.
But I think it will hurt the Akin, King Spalding, Hunton, etc. contigent who know have no chance of taking any students, not just from the elite DC firms, but from literally any NYC firm. They're going to be bottom feeding like a motherfucker.
(http://www.autoadmit.com/thread.php?thread_id=569368&forum_id=2#7518306) |
Date: February 3rd, 2007 5:27 PM Author: Insanely creepy nursing home cuck
Orrick at $160k
(http://www.autoadmit.com/thread.php?thread_id=569368&forum_id=2#7537938) |
Date: February 12th, 2007 6:24 PM Author: Mahogany Charismatic Round Eye
K&L Gates to $145 (~90+ associates)
(http://www.autoadmit.com/thread.php?thread_id=569368&forum_id=2#7591605) |
Date: February 16th, 2007 11:35 AM Author: Arrogant massive business firm
Wiley Rein and Holland & Knight DC both to $145k.
(http://www.autoadmit.com/thread.php?thread_id=569368&forum_id=2#7614214) |
Date: February 16th, 2007 11:46 AM Author: Azure forum corn cake
I am going to work at a large DC firm and am close with a partner on the compensation committee. He told me that the biggest issue they faced in determining whether to raise first year salaries to $160,000 was that the billing rates for 2007 had already been set in place before the raise. Therefore, most DC firms (including mine) moved up to $145,000. He said they strongly considered going to $160,000; but given the fact that the firm is not based in NYC and that partners felt that only NYC billing rates were high enough to support such a large increase, the firm settled at $145,000. He expects they will be forced to re-examine first-year compensation next year and went so far as to say that he expects salaries will be at $160,000 across the board at this time next year. As far as the effect on summer associate and first-year hiring, he did not seem too concerned about losing candidates (people on this board tend to have a very different view of the summer associate program than most partners... for obvious reasons).
(http://www.autoadmit.com/thread.php?thread_id=569368&forum_id=2#7614292) |
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