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Re: Biglaw Bonus Watch (2013)

Posted: Fri Dec 20, 2013 10:39 pm
by Big Shrimpin
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.

Re: Biglaw Bonus Watch (2013)

Posted: Fri Dec 20, 2013 10:46 pm
by Old Gregg
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.

Re: Biglaw Bonus Watch (2013)

Posted: Fri Dec 20, 2013 10:51 pm
by 09042014
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.

Re: Biglaw Bonus Watch (2013)

Posted: Fri Dec 20, 2013 11:00 pm
by Old Gregg
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

Re: Biglaw Bonus Watch (2013)

Posted: Fri Dec 20, 2013 11:41 pm
by thesealocust
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.

Re: Biglaw Bonus Watch (2013)

Posted: Sat Dec 21, 2013 12:06 am
by keg411
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.

Re: Biglaw Bonus Watch (2013)

Posted: Sat Dec 21, 2013 12:32 am
by ExBiglawAssociate
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

Re: Biglaw Bonus Watch (2013)

Posted: Sat Dec 21, 2013 10:12 am
by Big Shrimpin
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!

Re: Biglaw Bonus Watch (2013)

Posted: Sat Dec 21, 2013 1:29 pm
by 09042014
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.

Re: Biglaw Bonus Watch (2013)

Posted: Sat Dec 21, 2013 8:23 pm
by Anonymous User
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.

Re: Biglaw Bonus Watch (2013)

Posted: Sat Dec 21, 2013 8:33 pm
by Old Gregg
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