AfroDJMac has released a free New York Style Compressor for Ableton Live.
I have built a super handy Ableton Live audio effect rack for New York Style or Parallel Compression, and offer it to you as my newest Free Ableton Live Pack!
It works by compressing the audio (usually squashing the daylights out of it!) and mixing that processed signal with the original. The compressed signal has the fullness that a compressor offers, but the original maintains the dynamic range that the compressor can destroy. The end result is you get to have your cake and eat it too, the best of both worlds.
To achieve this effect in Ableton Live, I have built an Audio Effect Rack that has two chains: one with a Compressor (plus a Saturator for a little extra flavor), and one chain that allows the audio to pass through unaffected. The download link is below. The eight macro knobs allow for control over the most commonly used parameters (Threshold, Ratio, Attack, Release…) as well as an overall volume that allows you to mix in as much of the compressed signal as you like. I particularly like this effect on drum tracks, because it beefs them up while preserving their impact. Feel free to get creative an use it on all kinds of tracks (I’ve had a lot of success with vocals and acoustic guitars).
The Ableton Rack is a free download.
More information: AfroDJMac