Approximately how big are "market" bonuses?

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tipler4213
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Joined: Thu May 29, 2008 11:16 am

Approximately how big are "market" bonuses?

Postby tipler4213 » Thu May 26, 2011 9:21 am

a
Last edited by tipler4213 on Thu May 17, 2012 11:12 am, edited 1 time in total.

xcountryjunkie
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Re: Approximately how big are "market" bonuses?

Postby xcountryjunkie » Thu May 26, 2011 11:26 am

Depends on city and firm. The massive ones you talk about are only available at very few high end firms (think Wachtell). New York tends to get the biggest bonuses, with DC either matching or being a close second. Most of the top firms gave both end of year and spring bonuses this year, but MANY didn't give one or either.

Cravath set the market for both end of year 2010 bonuses and spring 2011 bonuses.

Cravath 2010 year end bonuses:

Class of 2009 – $7,500
Class of 2008 — $10,000
Class of 2007 — $15,000
Class of 2006 — $20,000
Class of 2005 — $25,000
Class of 2004 — $30,000
Class of 2003 — $35,000

Cravath 2011 spring bonuses:

Class of 2010: $2,500
Class of 2009: $7,500
Class of 2008: $10,000
Class of 2007: $15,000
Class of 2006: $20,000
Class of 2005: $20,000
Class of 2004: $20,000

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RVP11
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Re: Approximately how big are "market" bonuses?

Postby RVP11 » Thu May 26, 2011 3:08 pm

$7,500.

Standard first year associate bonuses were once about $40,000.

Anonymous User
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Re: Approximately how big are "market" bonuses?

Postby Anonymous User » Thu May 26, 2011 3:36 pm

RVP11 wrote:$7,500.

Standard first year associate bonuses were once about $40,000.


ouch

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Big Shrimpin
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Re: Approximately how big are "market" bonuses?

Postby Big Shrimpin » Thu May 26, 2011 4:00 pm

RVP11 wrote:$7,500.

Standard first year associate bonuses were once about $40,000.


LOL.

So sad, but so true. If you creep around on greedyassociates, you'll see ppl complaining about like 30k bonuses when market first-year bonuses were like 40k. Oh well, biglaw w/ comparatively mediocre bonuses >>>>> no jerb/jerb insufficient to service LS debt.

tipler4213
Posts: 634
Joined: Thu May 29, 2008 11:16 am

Re: Approximately how big are "market" bonuses?

Postby tipler4213 » Thu May 26, 2011 4:37 pm

a
Last edited by tipler4213 on Thu May 17, 2012 11:11 am, edited 1 time in total.

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RVP11
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Re: Approximately how big are "market" bonuses?

Postby RVP11 » Thu May 26, 2011 7:26 pm

tipler4213 wrote:
Big Shrimpin wrote:
RVP11 wrote:$7,500.

Standard first year associate bonuses were once about $40,000.


LOL.

So sad, but so true. If you creep around on greedyassociates, you'll see ppl complaining about like 30k bonuses when market first-year bonuses were like 40k. Oh well, biglaw w/ comparatively mediocre bonuses >>>>> no jerb/jerb insufficient to service LS debt.


That is just so painful though...


Salaries were only $125,000 back then, so overall compensation was about the same. But then factor in inflation...

DAJ_Summer
Posts: 39
Joined: Mon May 23, 2011 10:50 pm

Re: Approximately how big are "market" bonuses?

Postby DAJ_Summer » Thu May 26, 2011 9:32 pm

RVP11 wrote:
tipler4213 wrote:
Big Shrimpin wrote:
RVP11 wrote:$7,500.

Standard first year associate bonuses were once about $40,000.


LOL.

So sad, but so true. If you creep around on greedyassociates, you'll see ppl complaining about like 30k bonuses when market first-year bonuses were like 40k. Oh well, biglaw w/ comparatively mediocre bonuses >>>>> no jerb/jerb insufficient to service LS debt.


That is just so painful though...


Salaries were only $125,000 back then, so overall compensation was about the same. But then factor in inflation...


No, 160 and 30K+ first year bonuses definitely coincided. I remember when Simpson bumped to 160, and people were thinking of first year salaries as ball-park $200,000 due to the bonus levels.

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fatduck
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Re: Approximately how big are "market" bonuses?

Postby fatduck » Thu May 26, 2011 10:05 pm

it's like "market price" on a restaurant menu - if you have to ask...

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jonas
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Re: Approximately how big are "market" bonuses?

Postby jonas » Sat May 28, 2011 5:16 pm

tipler4213 wrote:Also, what kind of bonuses do government jobs get (DoJ Honors, for example)?

No bonuses for these jobs.




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