The Rumors Persist: DPW to 180? NYC to 195?

Here is the latest unverified gossip making the rounds among summer associates in New York City:

“I’m not summering at Davis Polk, but I have some friends who are, and I’ve been to a few of their events. The general assumption among people there was that the firm is going to $180,000, probably in time for fall recruiting season.”

“My career adviser at Cornell said that it is all but declared that NYC associate starting salaries will be going up to $195K. Is there truth to this? I haven’t heard it anywhere else?”

At this point, since such rumors have been percolating for weeks, we don’t put much stock in them. But maybe we can have a meta-conversation about them: What does the persistence of these (perhaps ridiculous) rumors say about law students and young lawyers?
(Other than that they have huge-ass student loans and/or a taste for the finer things in life. E.g., Cristal.)

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