2014 Biglaw Bonus Thread Forum

[Old Gregg]

Bottom line is that this is a firm that used to use the Wall Street bonuses as a floor and go as high as 3x to 4x for top of class associates. It's a shame that 2x is now the ceiling.

Still objectively great numbers. But PPP is way higher now. K&E should do better. I'm sure juniors are happy, but 6th years and NSPs are still making less than they did when they started in many cases (from a pure bonus perspective, not base salary obviously).

To be fair, it would be kind of retarded to be giving out 400k bonuses to senior associates. That's probably more than the actual salaries of some non-equity partners.

Nope, it's how it works and it makes sense if you know K&E. You don't compensate NSPs who definitely aren't getting shares more than senior associates who are definitely going to get shares after they become NSPs.

It's pretty well known whether you even have a shot at shares before you make NSP. Most NSPs don't have a chance in hell. Just taking up space until their inevitable departure.

[fats provolone]

Riffing off of the car comparison from yesterday’s Sidley post, one K&E tipster said, “If we’re Audi, then we’re a fleet of R8s.”

oh god make it stop

[Old Gregg]

Riffing off of the car comparison from yesterday’s Sidley post, one K&E tipster said, “If we’re Audi, then we’re a fleet of R8s.”

oh god make it stop

[mmelittlechicken]

that analogy actually made me cringe

[Desert Fox]

Bottom line is that this is a firm that used to use the Wall Street bonuses as a floor and go as high as 3x to 4x for top of class associates. It's a shame that 2x is now the ceiling.

Still objectively great numbers. But PPP is way higher now. K&E should do better. I'm sure juniors are happy, but 6th years and NSPs are still making less than they did when they started in many cases (from a pure bonus perspective, not base salary obviously).

It's really just juniors who are getting squeezed. Probably because we are less profitable in general since the crash and we have less leverage.

[Desert Fox]

[Mal Reynolds]

$3750?

[fats provolone]

that's shopped right?

[jbagelboy]

so if I'm reading that right, an associate billing 2100-2400 hrs makes the "DPW" scale?

[Desert Fox]

so if I'm reading that right, an associate billing 2100-2400 hrs makes the "DPW" scale?

But 2099 is half DPW. 1999 is 1/4th.

[Anonymous User]

lol at the 2013 assoc working 2700+ hours

[Desert Fox]

Fatduck throwing his Quinn Sandals in the trash.

[jbagelboy]

so if I'm reading that right, an associate billing 2100-2400 hrs makes the "DPW" scale?

But 2099 is half DPW. 1999 is 1/4th.

quinn's always been below market for "low billers" though. that's the whole point. that's the culture.

[Mal Reynolds]

The people in my class going to QE are already drinking the Koolaid so hard.

[anonnymouse]

Fatduck throwing his Quinn Sandals in the trash.

SPS, a TTT in decline. LJL at 2011 KE 2400 hr bros stylin on 2011 QE 2700 hr flip flop-havers. CHECK YOU BONUSES, John Quinn.

[Desert Fox]

so if I'm reading that right, an associate billing 2100-2400 hrs makes the "DPW" scale?

But 2099 is half DPW. 1999 is 1/4th.

quinn's always been below market for "low billers" though. that's the whole point. that's the culture.

Future QuinnNY associate?

[fats provolone]

prorated $15k for stubbies is like $3k+. if ur a first year and bill 1950 and get barely more than a stubby you gotta kys right?

[Cobretti]

for firms that give a year of seniority for MBAs, do you typically still get a prorated bonus your stub year?

[jbagelboy]

so if I'm reading that right, an associate billing 2100-2400 hrs makes the "DPW" scale?

But 2099 is half DPW. 1999 is 1/4th.

quinn's always been below market for "low billers" though. that's the whole point. that's the culture.

Future QuinnNY associate?

Most definitely not. Fuck that noise. I want to bill 1850 with impunity

[run26.2]

QE's scale is fine, to me. It just provides a lot of incentive to bill 2100 hours. That's smart by the firm. Productive associates who don't kill themselves. It may not play out that way, but at least the scale incentivizes that.

[fats provolone]

QE's scale is fine, to me. It just provides a lot of incentive to bill 2100 hours. That's smart by the firm. Productive associates who don't kill themselves. It may not play out that way, but at least the scale incentivizes that.

(stockholm syndrome)

[GOATlawman]

i've always wondered if the QE kids were bullshitting when they say they billed 3k

[fats provolone]

i've always wondered if the QE kids were bullshitting when they say they billed 3k

if i was gonna get like 1/10 market for hitting sub-2000 i would churn baby churn

[Johann]

prorated $15k for stubbies is like $3k+. if ur a first year and bill 1950 and get barely more than a stubby you gotta kys right?

my firm runs on this model and i basically think its the opposite. who would ever work over 2101? your an idiot to do that and your per hour take home falls off acliff after 2101. me, im content to hit 1900. 7500 bucks or whatever the fuck it is is def worth having a life to me. i make 160k in a cheap ass city. i already have too much money to do shit with. why do i care about anothe rcouple gs

[fats provolone]

but if you're at Quinn it's not like you didn't have options.