Started By
Message

Law Firm Cravath Raising Starting Salaries to $180,000

Posted on 6/6/16 at 5:45 pm
Posted by RedRifle
Austin/NO
Member since Dec 2013
8330 posts
Posted on 6/6/16 at 5:45 pm
LINK


quote:

New York law firm Cravath, Swaine & Moore LLP is raising base salaries for its junior-most lawyers by 12.5%, its first increase in nearly a decade and a move likely to trigger a wave of similar hikes throughout the legal industry.

As of July 1, new first-year lawyers at the firm will now get $180,000, up from its longtime standard of $160,000 for law-school graduates, according to a Cravath memo reviewed by The Wall Street Journal. The increase lifts pay from there: ..
This post was edited on 6/6/16 at 5:46 pm
Posted by Mo Jeaux
Member since Aug 2008
59752 posts
Posted on 6/6/16 at 5:46 pm to
Posted by kywildcatfanone
Wildcat Country!
Member since Oct 2012
122636 posts
Posted on 6/6/16 at 5:46 pm to
Lots of money for ambulance chasers.
Posted by CAD703X
Liberty Island
Member since Jul 2008
81189 posts
Posted on 6/6/16 at 5:47 pm to
so much dont care in this thread
Posted by Cosmo
glassman's guest house
Member since Oct 2003
122405 posts
Posted on 6/6/16 at 5:47 pm to
Forwarded to SFP
Posted by HeadyMurphey
Los Santos
Member since Jan 2008
17220 posts
Posted on 6/6/16 at 5:47 pm to
What is that in dollars down south?
Posted by SabiDojo
Open to any suggestions.
Member since Nov 2010
84204 posts
Posted on 6/6/16 at 5:57 pm to
I'll keep them in mind if I ever feel like losing my freedom and taking a paycut.
Posted by Walking the Earth
Member since Feb 2013
17264 posts
Posted on 6/6/16 at 5:58 pm to
Woohoo! Putting in my app for Southern Law as we speak.

Can I put any number for my LSAT score or do they actually check that shite?
Posted by Mr.Perfect
Louisiana
Member since Mar 2013
17452 posts
Posted on 6/6/16 at 6:07 pm to
When you rake 40% from the injured party you can pay the big bucks
Posted by Teddy Ruxpin
Member since Oct 2006
39750 posts
Posted on 6/6/16 at 6:08 pm to
Posted by Grooler
USA
Member since Dec 2009
484 posts
Posted on 6/6/16 at 6:09 pm to
$180k there =/= $180k in other places.
Posted by lilsnappa
Red Stick
Member since Mar 2006
1808 posts
Posted on 6/6/16 at 6:10 pm to
$180,000 in Manhattan = $73,658 in Baton Rouge

Seems Reasonable.
Posted by Mars duMorgue
Sunset Dist/SF
Member since Aug 2015
2816 posts
Posted on 6/6/16 at 6:16 pm to
80 hours a week X 50 weeks = 4000 hrs. per year

$180k ÷ 4000 hrs. = $45 per hour

Your average street walker makes more than that. AND performs a better service.
Posted by theronswanson
House built with my hands
Member since Feb 2012
2988 posts
Posted on 6/6/16 at 6:16 pm to
quote:

As of July 1, new first-year lawyers at the firm will now get $180,000, up from its longtime standard of $160,000 for law-school graduates, according to a Cravath memo reviewed by The Wall Street Journal.


Lol nah. No amount of money you could pay me to take that job.
Posted by member12
Bob's Country Bunker
Member since May 2008
32246 posts
Posted on 6/6/16 at 6:21 pm to
$180,000 in New York City......not bad for a 26 year old.
Posted by Wally Sparks
Atlanta
Member since Feb 2013
29770 posts
Posted on 6/6/16 at 6:44 pm to
yay.
Posted by EA6B
TX
Member since Dec 2012
14754 posts
Posted on 6/6/16 at 6:48 pm to
Not a lot of money for NYC

"The median sales price for homes in New York for Mar 2 to Jun 1 was $1,156,000 based on 644 home sales. Average price per square foot for New York was $1,425, an increase of 3% compared to the same period last year. The median rent per month for apartments in New York for May 2 to Jun 2 was $4,950."

LINK
Posted by Rickety Cricket
Premium Member
Member since Aug 2007
46883 posts
Posted on 6/6/16 at 7:01 pm to
And that $180k doesn't include the $20k-$40k in bonuses.
Posted by Kcoyote
Member since Jan 2012
12050 posts
Posted on 6/6/16 at 7:05 pm to
Waiting for Miss. St's counter offer.
Posted by TigerMyth36
River Ridge
Member since Nov 2005
39860 posts
Posted on 6/6/16 at 7:24 pm to
quote:

$180,000


That will get the young councilor a studio apartment and subway pass.
first pageprev pagePage 1 of 2Next pagelast page

Back to top
logoFollow TigerDroppings for LSU Football News
Follow us on Twitter, Facebook and Instagram to get the latest updates on LSU Football and Recruiting.

FacebookTwitterInstagram