re: Law Firm Cravath Raising Starting Salaries to $180,000

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IB is still a shite ton of work, I know quite a few who work harder than BigLaw guys.

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Of course--but the potential upside is much larger. Good year bonuses can be 70%-100%+ of base salary.

In the legal market bonus upside is usually only ~15% for first years and 25% for mid- to senior associates.

But generally I think both industries are pitfalls in terms of QOL.