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
Big Shrimpin
Posts: 2468
Joined: Fri Oct 24, 2008 12:35 pm

Re: Biglaw Bonus Watch (2013)

Postby Big Shrimpin » Fri Dec 20, 2013 10:39 pm

Anonymous User wrote:Quinn should just follow Cravath. The bonus matrix is almost insulting. Below-market bonuses for people billing 2050 hours a year is hilarious. And if you're an 8th year who billed 3200 hours for the year? Congrats, here's your whopping 1.2xCravath bonus.


You seem mad.

But I generally agree.

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

Re: Biglaw Bonus Watch (2013)

Postby Old Gregg » Fri Dec 20, 2013 10:46 pm

The one takeaway from this year's bonus season is that if there was anyone that was fucked over, it was the high-billing associate at Quinn.

09042014
Posts: 18282
Joined: Wed Oct 14, 2009 10:47 pm

Re: Biglaw Bonus Watch (2013)

Postby 09042014 » Fri Dec 20, 2013 10:51 pm

zweitbester wrote:The one takeaway from this year's bonus season is that if there was anyone that was fucked over, it was the high-billing associate at Quinn.


Why? High-billing associates at most firms got less than them.

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

Re: Biglaw Bonus Watch (2013)

Postby Old Gregg » Fri Dec 20, 2013 11:00 pm

Desert Fox wrote:
zweitbester wrote:The one takeaway from this year's bonus season is that if there was anyone that was fucked over, it was the high-billing associate at Quinn.


Why? High-billing associates at most firms got less than them.


It's all about dat hope getting crushed. People at lockstep firms don't expect their firm to beat the market.

Image

User avatar
thesealocust
Posts: 8447
Joined: Mon Oct 20, 2008 8:50 pm

Re: Biglaw Bonus Watch (2013)

Postby thesealocust » Fri Dec 20, 2013 11:41 pm

People at lockstep firms do it for love of the game. Money does not motivate them, only learned pursuit of the law and achieving their clients' objectives.

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

Re: Biglaw Bonus Watch (2013)

Postby keg411 » Sat Dec 21, 2013 12:06 am

thesealocust wrote:People at lockstep firms do it for love of the game. Money does not motivate them, only learned pursuit of the law and achieving their clients' objectives.


LOL.

Also, QUINN REMAINS cheap.

User avatar
ExBiglawAssociate
Posts: 2094
Joined: Thu Sep 13, 2012 7:06 pm

Re: Biglaw Bonus Watch (2013)

Postby ExBiglawAssociate » Sat Dec 21, 2013 12:32 am

thesealocust wrote:People at lockstep firms do it for love of the game. Money does not motivate them, only learned pursuit of the law and achieving their clients' objectives.


lol, just lol @ this mentality

User avatar
Big Shrimpin
Posts: 2468
Joined: Fri Oct 24, 2008 12:35 pm

Re: Biglaw Bonus Watch (2013)

Postby Big Shrimpin » Sat Dec 21, 2013 10:12 am

Biglaw_Associate_V20 wrote:
thesealocust wrote:People at lockstep firms do it for love of the game. Money does not motivate them, only learned pursuit of the law and achieving their clients' objectives.


lol, just lol @ this mentality


Ljljljljl

Oh, what a profession!

09042014
Posts: 18282
Joined: Wed Oct 14, 2009 10:47 pm

Re: Biglaw Bonus Watch (2013)

Postby 09042014 » Sat Dec 21, 2013 1:29 pm

Quinn used the same scale last year. So I dunno if hope was warranted.

The real rubes are the ones working long hours so they have a shot at partner.

Anonymous User
Posts: 273475
Joined: Tue Aug 11, 2009 9:32 am

Re: Biglaw Bonus Watch (2013)

Postby Anonymous User » Sat Dec 21, 2013 8:23 pm

Big Shrimpin wrote:
Anonymous User wrote:Quinn should just follow Cravath. The bonus matrix is almost insulting. Below-market bonuses for people billing 2050 hours a year is hilarious. And if you're an 8th year who billed 3200 hours for the year? Congrats, here's your whopping 1.2xCravath bonus.


You seem mad.

But I generally agree.


Not personally mad. Work at one of the firms that handily beat market bonuses.

But Quinn has some of the highest PPP and RPL numbers out there. To depart from market bonuses, and do it in this way, is just insulting I think. Cahill, for example, is in the same ballpark as Quinn when it comes to PPP (although Quinn is substantially higher), departs from markets bonuses, and pays people really good money. High-billing associates at SullCrom are getting fucked, but that's because SullCrom is a bonus lemming and does whatever Cravath does, which somehow seems less insulting to me.

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

Re: Biglaw Bonus Watch (2013)

Postby Old Gregg » Sat Dec 21, 2013 8:33 pm

John Quinn decides the bonuses himself (this is a fact), so if you're wondering why Quinn does what it does, you have to get in John's head.

You can also tweet and ask him:

https://twitter.com/jbqlaw




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