We’re beginning to wonder whether this “NY to 190″ business is just a big practical joke. But even though no real information has emerged, and the co-chair of Simpson’s personnel committee told us his firm is “not currently considering an increase in associate salaries,” the rumors continue to swirl.
Here are two email messages we’ve received that are representative of many others:
“NYC big firm starting salary may be increasing to $190k in the coming weeks. My source was a recruiter whose friend at Sidley told him the news. Have you all heard anything or is this bs?”
“[A] friend of mine, who is a partner at a big Chicago firm, with a large presence in NYC, mentioned that pay raises are likely in NYC and that the firm has budgeted $190k as the starting first-year salary.”
Such gossip is not far removed from this commenter’s parody:
My dad’s step-mom’s estranged aunt is a janitor at Cravath, and she said she found a scribbled note on the floor of a partner’s office saying “damn, looks like we have to go to at least $175k soon; call wife re: can’t add second pool to home in Nantucket this summer.”
We wish we had more to tell you right now. We’ll continue to dig.
But at this point, your guess is as good as ours. So feel speculate to discuss in the comments. Vote in our reader polls, if you haven’t done so already.
Will any of this chatter make associate pay raises happen — or happen faster? Unlikely. But hey, there are worse ways to pass the time.