Jump to content

Pyke

Members
  • Content Count

    9322
  • Joined

  • Last visited

  • Days Won

    57

Pyke last won the day on November 10

Pyke had the most liked content!

Community Reputation

3650 Good People

1 Follower

About Pyke

  • Rank

Recent Profile Visitors

9788 profile views
  1. I expressly said I had only skimmed the act and was having a broader philosophical discussion...
  2. I'm not sure I agree - why should someone be held accountable - forever - for something that may no longer represent who they are now? I suppose this is a philosophical thing for which reasonable people may well be able to disagree, but honestly, almost everyone I have ever met has made stupid decisions in their life - just a question of whether those decisions happened to result in unlucky outcomes.
  3. I mean, isn't part of the problem that even though you're not specifically responding to me, that your response is still linked to me, such that it could have adverse affects? I seem to recall a case involving a lawyer (maybe from Spain?) who pursued the issue of whether their financial troubles should be de-listed from Google pursuant to the GDPR, and were successful... presumably you could take the view that the person could have been more cautious or whatever. While the devil will almost certainly be in the details of the new legislation, it would seem to me that a right to be forgotten cannot possibly be based on some sort of moral evaluation about the nature of the content or the reasons for its existence... but then, this is just my unsophisticated opinion, which I may want to have forgotten in the future if my view becomes more sophisticated and/or I research it more 😛
  4. Haven't reviewed the new legislation too closely, or for that matter, the GDPR, but I'd say that there's a decent chance that someone could identify me based on my posts. I know for example that it means I can't ask a question I've been dying to ask
  5. I'm not sure I think an 8-12 month articling experience (depending on jurisdiction and other things), with professional licensing dues, is equivalent to a three month unpaid "steam" time, particularly since I'm guessing most people graduating from your college program are ~19-20 as opposed to, at a minimum, 25-26, but that's just a hunch.
  6. Were the laws on child smuggling abolished as a response to the pandemic to repopulate? That's a bold strategy cotton, let's see if it pays off for them.
  7. To be fair, most people at 18 to 22 don't have the same awareness and reason that someone at 40 has (although, based on my extended social circle, I'm not sure it gets better at middle age). George, is that you?
  8. It's certainly possible to make more than $100,000 gross, in other areas of law outside of Bay Street. You probably won't make that in your first year of practice, of course, and many small firms won't make that, but sure, this is an achievable number. That said, the real question isn't whether you can make $X per year, it's whether the delta between what you can make, as a lawyer, and elsewhere, will be sufficient to eat up the opportunity cost (school and articling) that becoming a lawyer requires, to say nothing of the actual deficit from a tuition and housing perspective. My general belief is that with this lens, as compared to many other equally lucrative careers, it's much harder to justify the ROI for many individuals. I think that's what this question really gets at.
  9. Okay, whatever. They’re all making $10 million a year.
  10. In terms of your comp, are you basing that on total comp (i.e.: including bonus and various perquisites (pension/benefits))? As to the $190k figure - my statement, on the lower end of the range, included a discount because of the 10-20%ish pay cuts that I am aware of, and the point was to create a range.
  11. I mean look, I haven't surveyed all of my colleagues who partners at Bay Street firms. I'm sure there is a tremendous degree of variety. I'm sure some people are equity partners after six years and others are income partners after ten. I have friends who are senior associates and partners. Among those who I have discussed compensation with, their compensation is where I stated it to be. I am sure some other folks make more, and some other folks make less. I also did account for the 20% reduction in terms of the bottom end of the range - so that may have shifted the bottom-end a bit more than normal. But ultimately I'm just a guy on the Internet, so take it for what its worth, which is, not much. Fair enough if I misread. I mean, admittedly, depending on the firm, some big law associates would be making comparable compensation to some big law partners, particularly if those partners are income partners v. equity partners. There's a tremendous amount of variability in the amount compensation increases from year to year, not all firms are lock-step and not all lock-steps are equivalent. I was trying to paint a picture of a range to show that - even with a generous cut to Bay Street salary, I don't think it'd be close. I mean, I suppose a Step 11 LP-02 could make $178k or so in Toronto - that's impressive, but that would take 11 years + whatever time it took them to get into an LP-02 position... and most people are up or out in that span at a Bay Street firm, so I'm not sure that's a reasonable parallel if it's the compensation we're using for the 20% comparison.
  12. Nope - though I have friends who are senior associates too.
  13. I mean, I’m going from first hand accounts who are friends, who are also partners, at big national firms. I haven’t done a systematic survey - but my sources are pretty good.
  14. I'm not sure how you come up with this, if we're assuming "Big Law" to be Bay Street... The salaries at the top firms > government pay. The starting salaries can have a $30-40,000 gap (which is 30-50%), and that gap is maintained throughout. A partner at a Bay Street firm can expect to pull in a very strong six figure income (lets say, high 100s, low 200s, as a reasonable average benchmark). That's not even close to matched by government, where the equivalent pay band tops out around $140,000. Again, you're looking at a 30-50%+ difference. There are all sorts of reasons to not work on Bay Street, but pay is not one of them. A 15% cut to salaries isn't going to close the gap meaningfully (again, on compensation alone). My recollection was that you were incorrect (too high), although it appears you were incorrect (too low). This is a by-product of the circumstances. Anyway, Treasury Board has this information: https://www.tbs-sct.gc.ca/agreements-conventions/view-visualiser-eng.aspx?id=13 Step 1 is now $80,000 outside of Toronto for an LP-01. Its the same for Toronto. One thing about the Federal Government though, is because its a unionized position, you see percentage increases every year + the incremental increases. This is part of the reason why public sector wages are growing while private sector wages tend to be more stagnant.
  15. You know, it amuses me how often the media gets the essential details right, but the nuanced ones wrong.
×
×
  • Create New...