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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]It's a good thing for associates BUT I worry about the long term. When firms when from 125k to 135k to 160k, that was the first time that when we hit a bump in the road (2008-2009), it became pretty standard to weed out half the class in their 4th yr. It happened at my NYC firm and those of my friends, all Vault 1-50 firms. And it continues to this day under the guise of "performance." So now what -- the weed out will begin in the 3rd yr or 2nd yr to save some of the salary cost? If you're making this money, save HARD bc it doesn't look like the industry has learned anything from the past 8 yrs. Only in law can you have declining work (which it is in certain large areas including lit and IP right now) rewarded by huge raises.[/quote]

The raises create the decline.

Wouldn't a 5th year rather work for me in house?  I'll pay you 175. Bonus. Some equity. And be pissed if you are at the office after 6. [/quote]

I'm an 8th year and that sounds like a pretty solid job but it's more than a 50% salary cut and at that point I'd probably just rather work for the Federal government.[/quote]

True. But as a senior in house lawyer, guess who gets to make life miserable for the once feared equity partner at Biglaw? You know?  That asshole that made your life miserable?  The one who made you miss your child's whatever?  The one who wasted all those weekends?

Don't you want to be in the position to say"Frank. This is crap work. Just crap and you can't seriously believe I am going to have a check cut for you . . ."

That's priceless. [/quote]

Yeah you sound like a really happy, well-adjusted person who's satisfied with his career  :roll: [/quote]

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