I'm biased - this is great for @atlblog traffic - but I don't think clients should begrudge the associates.https://twitter.com/ronfriedmann/status/739937106399776770 …
@DCaseyF Don't hate, appreciate! :-) Also these kids have crazy #lawschool debt compared to us.
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Not hating them. Just hating argument that they haven't had a raise in a decade.
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I think
@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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if other firms that are more sensitive to client realization don't match, then you know why
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@brendanistan@DavidLat@DCaseyF@ryanpatrick177 Indeed. Perhaps we will see the high end firms truly separate from pack now.
End of conversation
New conversation -
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COL in Houston ain't NYC I know. Fewer can afford public service, which stinks.
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