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Started By
Message
NY BIGLAW Salary Raise - $190K for 1st Years
Posted on 6/4/18 at 5:41 pm
Posted on 6/4/18 at 5:41 pm
Milbank started a salary war today. First year associates get a bump to $190K.
It’s a bubble.
It’s a bubble.
17
Posted on 6/4/18 at 5:42 pm to Mo Jeaux
What's that in BR dollars? 50k?
Posted on 6/4/18 at 5:43 pm to fightin tigers
Posted on 6/4/18 at 5:43 pm to Mo Jeaux
Not a big deal for NYC
This post was edited on 6/4/18 at 5:44 pm
Posted on 6/4/18 at 5:43 pm to fightin tigers
That’s a soccer board salary. Not worthy of the OT
Posted on 6/4/18 at 5:45 pm to Mo Jeaux
I have watched “suits”.
What’s that work out to hourly?
$20?
What’s that work out to hourly?
$20?
Posted on 6/4/18 at 5:46 pm to Marco Esquandolas
It’s not bad for a single person. Milbank also raised for all of their offices, so it’s even more meaningful for those in a lower cost of living area.
Posted on 6/4/18 at 5:49 pm to Mo Jeaux
You can live very well off that, assuming your student debt isn't ridiculous. NYC isn't that expensive.
Posted on 6/4/18 at 5:52 pm to Mo Jeaux
Seriously what kind of salary war when you have to hit 2400 billable hours per year?
Posted on 6/4/18 at 5:52 pm to GreatLakesTiger24
quote:
You can live very well off that, assuming your student debt isn't ridiculous. NYC isn't that expensive.
I lived there making like 75k. Granted I was living with my girlfriend so we had 2 incomes.
Posted on 6/4/18 at 5:53 pm to Mo Jeaux
What are the bonuses? 10 percent or so?
Doesn’t seem like a bubble at all to me when you look at salaries in the financial services sector.
Doesn’t seem like a bubble at all to me when you look at salaries in the financial services sector.
Posted on 6/4/18 at 5:53 pm to Marco Esquandolas
$190k is still a lot of money in New York. Your take home is probably about $126k. A 2 bedroom averages $3600 a month in the city. That leaves $82,800 for everything else.
Not to mention added income of a spouse.
Not to mention added income of a spouse.
Posted on 6/4/18 at 5:54 pm to Mo Jeaux
How many hours a week they working? 80?
Posted on 6/4/18 at 5:54 pm to Mo Jeaux
Tucker Max did better. And documented it.
Posted on 6/4/18 at 5:55 pm to MrLSU
Is Milbank 2400? That’s an outlier. Most are 2000 or 2100.
Posted on 6/4/18 at 5:56 pm to Parade Grounds
quote:
How many hours a week they working? 80?
80 hours is bullshite talk for a lawyer. They will think of something out of the office, jot it down in 10 minutes and bill as 2 hours.
By that math, I work 10 hours weekly while taking a dump.
Posted on 6/4/18 at 5:57 pm to Keys Open Doors
I don’t remember what first year bonuses are. Bonuses tend to top out at $100K for senior classes, except for some that add on for additional hours.
Posted on 6/4/18 at 5:58 pm to TH03
quote:Maybe in a shitty walk up.
A 2 bedroom averages $3600 a month in the city
Posted on 6/4/18 at 6:00 pm to MSTiger33
quote:
As of April 2018, average rent for an apartment in New York, NY is $3417 which is a 10.04% increase from last year when the average rent was $3074 , and a 1.23% increase from last month when the average rent was $3375.
One bedroom apartments in New York rent for $2868 a month on average (a 4.74% increase from last year) and two bedroom apartment rents average $3601 (a 2.53% increase from last year).
LINK
Posted on 6/4/18 at 6:03 pm to TH03
You want to live in Manhattan or just one of the boroughs?
Because you are eventually going to have to tell someone if you live in outer Brooklyn.
Because you are eventually going to have to tell someone if you live in outer Brooklyn.
This post was edited on 6/4/18 at 6:04 pm
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