it'd be nice to see some sort raise in NY (at least in NYC) as living in NYC is not cheap. for example, only in NYC do you have to pay a "city tax." city tax, at the 160k base pay rate, comes to some 6-7k per year in additional tax revenue taken out of your pay check. this is not a modest sum. true, you can avoid this tax by living in new jersey, but then you're commuting a semi significant distance and, uh, living in new jersey (which, imho, sort of defeats te purpose of being in NYC in the first place).
False. Hoboken is just a ferry ride away from downtown manhattan and it is cheaper and more convenient that many parts of Manhattan, and certainly better than the other boroughs.
1) clients are unwilling to subsidize 190 for first years and are grumpy about paying 160 as is, 2) 98% of NYC firms jsut don't have the available capital to legitimize such a move without either firing support staff or lowering your 2nd, 3rd, and 4th year pay scales, and 3) the 190k myth is more of a law student driven myth than anything else; very few firms have discussed it in a serious context.
Right. Firms already lose money on first years at 160K, 190 isn't happening in this economy.