how do bonuses work at biglaw firms?

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Anonymous User
Posts: 273127
Joined: Tue Aug 11, 2009 9:32 am

how do bonuses work at biglaw firms?

Postby Anonymous User » Tue Jun 25, 2013 1:43 pm

nyc, biglaw, V50 firms: how do their bonuses work?

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guano
Posts: 2268
Joined: Mon Feb 18, 2013 9:49 am

Re: how do bonuses work at biglaw firms?

Postby guano » Tue Jun 25, 2013 1:48 pm

Anonymous User wrote:nyc, biglaw, V50 firms: how do their bonuses work?

Lockstep

Google it

Anonymous User
Posts: 273127
Joined: Tue Aug 11, 2009 9:32 am

Re: how do bonuses work at biglaw firms?

Postby Anonymous User » Tue Jun 25, 2013 2:54 pm

guano wrote:
Anonymous User wrote:nyc, biglaw, V50 firms: how do their bonuses work?

Lockstep

Google it


Wrong. Depends on the firm. The top firms seem to give lockstep bonuses, but there are exceptions everywhere. V-50 is far enough from the top that many firms give performance-based (hours-based) bonuses. ATL has firm information in their career center that includes bonus information for firms if known. I wouldn't waste my time Googling this, you probably won't find a specific answer.

Anonymous User
Posts: 273127
Joined: Tue Aug 11, 2009 9:32 am

Re: how do bonuses work at biglaw firms?

Postby Anonymous User » Tue Jun 25, 2013 2:56 pm

Anonymous User wrote:
guano wrote:
Anonymous User wrote:nyc, biglaw, V50 firms: how do their bonuses work?

Lockstep

Google it


Wrong. Depends on the firm. The top firms seem to give lockstep bonuses, but there are exceptions everywhere. V-50 is far enough from the top that many firms give performance-based (hours-based) bonuses. ATL has firm information in their career center that includes bonus information for firms if known. I wouldn't waste my time Googling this, you probably won't find a specific answer.


I didn't mean to make this anonymous

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ExBiglawAssociate
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Joined: Thu Sep 13, 2012 7:06 pm

Re: how do bonuses work at biglaw firms?

Postby ExBiglawAssociate » Tue Jun 25, 2013 2:58 pm

Like everything else related to associate comp, Boomer partners will calculate the bare minimum amount they will have to part with to retain the best talent. ITE, with the vast hordes of law students continually being pumped out by law schools, I wouldn't expect anything near what associates were getting during boom times.

kaiser
Posts: 2940
Joined: Mon May 09, 2011 11:34 pm

Re: how do bonuses work at biglaw firms?

Postby kaiser » Tue Jun 25, 2013 3:01 pm

guano wrote:
Anonymous User wrote:nyc, biglaw, V50 firms: how do their bonuses work?

Lockstep

Google it


This is becoming far less common, even among top firms.

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Jsa725
Posts: 2003
Joined: Wed Feb 15, 2012 9:20 pm

Re: how do bonuses work at biglaw firms?

Postby Jsa725 » Tue Jun 25, 2013 3:01 pm

.




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