.@ronfriedmann There hasn't been a Biglaw raise in almost a decade; many #inhouse lawyers get a pay bump each year (even if small).
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@ronfriedmann More than a judge... -
@DCaseyF Don't hate, appreciate! :-) Also these kids have crazy#lawschool debt compared to us. -
Not hating them. Just hating argument that they haven't had a raise in a decade.
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@brendanistan's point about rates is key. They've been rising constantly, -
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@DavidLat@DCaseyF@ryanpatrick177@brendanistan Clients will perceive comp bump as rate riser. Realization may go down. So Ps may pay -
everything is a rate riser. if client doesn't pay citing assoc raises, that's an excuse.
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@brendanistan@DavidLat@DCaseyF@ryanpatrick177 So, on balance, will rising comp + rates yield more#LPM,#KM, and other efficiencies? -
rising comp is an effect, not a cause, and Cravath doesn't have trouble getting paid.
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