Biglaw Bonus Watch (2013)

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How will bonuses compare to last year?

Up
21
22%
Same
66
68%
Down
10
10%
 
Total votes: 97

User avatar
Old Gregg
Posts: 5413
Joined: Thu Sep 01, 2011 1:26 pm

Re: Biglaw Bonus Watch (2013)

Postby Old Gregg » Fri Dec 13, 2013 5:50 pm

thesealocust wrote:Cahill is either kind of new on the bonus wars scene or there was a gap in my due diligence during recruiting. I don't remember hearing anything about them every paying above market comp back in the day, but it seems quite regular now.


Google "Cahill 2010 bonus."

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thesealocust
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Re: Biglaw Bonus Watch (2013)

Postby thesealocust » Fri Dec 13, 2013 6:17 pm

I'll leave the specifics out of my post for tilting at the windmill of anonymity, but if that was the first time Cahill moved above market, then it was in fact after I had completed the recruiting process (and related law firm research)

DUE DILIGENCE SECURE

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Old Gregg
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Re: Biglaw Bonus Watch (2013)

Postby Old Gregg » Fri Dec 13, 2013 7:21 pm

thesealocust wrote:I'll leave the specifics out of my post for tilting at the windmill of anonymity, but if that was the first time Cahill moved above market, then it was in fact after I had completed the recruiting process (and related law firm research)

DUE DILIGENCE SECURE


Agreed. Just wanted to provide historical context rather than "I told you so."

WhirledWorld
Posts: 331
Joined: Wed Sep 22, 2010 11:04 am

Re: Biglaw Bonus Watch (2013)

Postby WhirledWorld » Fri Dec 13, 2013 10:46 pm

Man, if they won't pay us more in base comp, why can't they up our benefits or something? Contribute to our 401ks or something. That shit's deductible.

Every incoming class has $5000-$10,000 more in debt on average, not to mention inflation. At least they could index comp to inflation or something.

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

Re: Biglaw Bonus Watch (2013)

Postby Anonymous User » Fri Dec 13, 2013 10:53 pm

"a majority of firms are run for the partners and not the associates...and in the near term, there’s probably not much incentive for them to change their business models.”

etc. etc.

and yet people still complain about bonuses....

keg411
Posts: 5935
Joined: Tue Apr 21, 2009 9:10 pm

Re: Biglaw Bonus Watch (2013)

Postby keg411 » Sat Dec 14, 2013 10:16 am

Keep in mind that Cahill is considered a really really tough place to work. Don't underestimate the difficulty of navigating free market firms. Plus, as discussed earlier (I think ITT), their work isn't really what most corporate juniors are looking for. They're paying above-market because it's the only way been able to keep people from jumping ship.

(Don't work there, but know a few corporate associates. Litigation might be different)

911 crisis actor
Posts: 207
Joined: Sun Nov 17, 2013 3:03 pm

Re: Biglaw Bonus Watch (2013)

Postby 911 crisis actor » Sat Dec 14, 2013 11:20 am

Remember hearing that whatever their biggest/most profitable practice group is, it's got something like 90-100 associates. Which is sort of insane for a firm of Cahill's size

Anonymous User
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Re: Biglaw Bonus Watch (2013)

Postby Anonymous User » Sat Dec 14, 2013 11:23 am

I do some capital markets work a ta V5. I bust by ass, like the work, like the people I work with, and am not considering jumping ship - but I have to admit, it's hard to imagine life at Cahill being that much different, and the $$$ certianly seems much greener.

911 crisis actor
Posts: 207
Joined: Sun Nov 17, 2013 3:03 pm

Re: Biglaw Bonus Watch (2013)

Postby 911 crisis actor » Sat Dec 14, 2013 11:35 am

But Cahill associates will never know the joy of wearing a V5 branded shoulderbag (logo facing outward).

Anonymous User
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Re: Biglaw Bonus Watch (2013)

Postby Anonymous User » Sat Dec 14, 2013 11:38 am

Anonymous User wrote:I do some capital markets work a ta V5. I bust by ass, like the work, like the people I work with, and am not considering jumping ship - but I have to admit, it's hard to imagine life at Cahill being that much different, and the $$$ certianly seems much greener.


I'm an associate at Cahill and we don't work worse hours than NYC V10 firms. We have crazy hours but welcome to most of Biglaw, my friends at other firms work same/worse hours. Free market can be tough but there are upsides to it. The people are chill and likeable. But ya just posting here to rebut the whole "but but Cahill life is so much worse" on TLS which is kinda flame...

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Big Shrimpin
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Re: Biglaw Bonus Watch (2013)

Postby Big Shrimpin » Sat Dec 14, 2013 12:11 pm

911 crisis actor wrote:But Cahill associates will never know the joy of wearing a V5 branded shoulderbag (logo facing outward).


Such a great XO story...

Anonymous User
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Re: Biglaw Bonus Watch (2013)

Postby Anonymous User » Sat Dec 14, 2013 7:52 pm

When is Kirkland going to SHATTER the market?

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stillwater
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Re: Biglaw Bonus Watch (2013)

Postby stillwater » Sat Dec 14, 2013 8:02 pm

Anonymous User wrote:When is Kirkland going to SHATTER the market?


Uncle Weymouth is still counting his money

Anonymous User
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Re: Biglaw Bonus Watch (2013)

Postby Anonymous User » Sat Dec 14, 2013 8:03 pm

Anonymous User wrote:When is Kirkland going to SHATTER the market?


Announcement is likely next week.

Anonymous User
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Re: Biglaw Bonus Watch (2013)

Postby Anonymous User » Sat Dec 14, 2013 8:15 pm

Anonymous User wrote:
Anonymous User wrote:When is Kirkland going to SHATTER the market?


Announcement is likely next week.


They're probably waiting for DLA to 190

keg411
Posts: 5935
Joined: Tue Apr 21, 2009 9:10 pm

Re: Biglaw Bonus Watch (2013)

Postby keg411 » Sat Dec 14, 2013 8:16 pm

Anonymous User wrote:
Anonymous User wrote:I do some capital markets work a ta V5. I bust by ass, like the work, like the people I work with, and am not considering jumping ship - but I have to admit, it's hard to imagine life at Cahill being that much different, and the $$$ certianly seems much greener.


I'm an associate at Cahill and we don't work worse hours than NYC V10 firms. We have crazy hours but welcome to most of Biglaw, my friends at other firms work same/worse hours. Free market can be tough but there are upsides to it. The people are chill and likeable. But ya just posting here to rebut the whole "but but Cahill life is so much worse" on TLS which is kinda flame...


Believe me, I don't hate on Cahill. And I definitely think they don't work you worse than the V10. My point was basically that the $$$$ prevents some of the attrition you see at other firms with "difficult" reputations.

Anonymous User
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Re: Biglaw Bonus Watch (2013)

Postby Anonymous User » Sat Dec 14, 2013 10:47 pm

Anonymous User wrote:
Anonymous User wrote:When is Kirkland going to SHATTER the market?


Announcement is likely next week.


Yep. Probably Friday.

Anonymous User
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Re: Biglaw Bonus Watch (2013)

Postby Anonymous User » Tue Dec 17, 2013 3:02 pm

As expected - DPW matched.

Anonymous User
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Re: Biglaw Bonus Watch (2013)

Postby Anonymous User » Tue Dec 17, 2013 4:51 pm

Man, Sidley was a fucking joke this year.

Anonymous User
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Re: Biglaw Bonus Watch (2013)

Postby Anonymous User » Tue Dec 17, 2013 5:32 pm

Anonymous User wrote:Man, Sidley was a fucking joke this year.

What were they?

Anonymous User
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Re: Biglaw Bonus Watch (2013)

Postby Anonymous User » Tue Dec 17, 2013 6:02 pm

Anonymous User wrote:
Anonymous User wrote:Man, Sidley was a fucking joke this year.

What were they?


Non-lockstep system, so hard to say, but on average, seems worse than the Cravath scale (that essentially every other V100 firm is following / beating).

Anonymous User
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Re: Biglaw Bonus Watch (2013)

Postby Anonymous User » Thu Dec 19, 2013 1:26 am

Anonymous User wrote:
Anonymous User wrote:
Anonymous User wrote:When is Kirkland going to SHATTER the market?


Announcement is likely next week.


Yep. Probably Friday.


Friday confirmed.

Anonymous User
Posts: 273139
Joined: Tue Aug 11, 2009 9:32 am

Re: Biglaw Bonus Watch (2013)

Postby Anonymous User » Thu Dec 19, 2013 2:30 pm

Anonymous User wrote:
Anonymous User wrote:
Anonymous User wrote:
Anonymous User wrote:When is Kirkland going to SHATTER the market?


Announcement is likely next week.


Yep. Probably Friday.


Friday confirmed.


from whom? usually something leaks by now.

Anonymous User
Posts: 273139
Joined: Tue Aug 11, 2009 9:32 am

Re: Biglaw Bonus Watch (2013)

Postby Anonymous User » Thu Dec 19, 2013 9:21 pm

Anonymous User wrote:
from whom? usually something leaks by now.


One does not simply shatter the market overnight.

Anonymous User
Posts: 273139
Joined: Tue Aug 11, 2009 9:32 am

Re: Biglaw Bonus Watch (2013)

Postby Anonymous User » Thu Dec 19, 2013 10:09 pm

Anonymous User wrote:Man, Sidley was a fucking joke this year.


In your opinion, do you think that's an indication of their firm health or something else? (Going there this summer so curious.)




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