2014 Biglaw Bonus Thread Forum

[ZyzzBrah]

Question:

Coming in to a firm post clerkship as a second year (not until next fall). The firm matched DPW. Assuming this scale is in effect next year, how are clerks treated for bonuses? prorated?

[SweetrollStealer]

Question:

Coming in to a firm post clerkship as a second year (not until next fall). The firm matched DPW. Assuming this scale is in effect next year, how are clerks treated for bonuses? prorated?

I'm fairly sure that, yes, bonuses for new associates coming from clerkships are pro-rated, so you would get x% of $25k based upon this year's scale plus your $50k clerking bonus.

[Ex Cearulo]

The Economist has a short article on the subject.

http://www.economist.com/news/business/ ... nusbabies#

[Old Gregg]

The Economist has a short article on the subject.

http://www.economist.com/news/business/ ... nusbabies#

already posted ITT.

[Anonymous User]

Does anyone know if any firms in like the v50-100 range have stated whether they are matching simpson yet?

Stroock matched Davis Polk scale.

[Ex Cearulo]

The Economist has a short article on the subject.

http://www.economist.com/news/business/ ... nusbabies#

already posted ITT.

Humble apologies. Saw the 20 Dec date on the article and scanned back to the 19th ITT. Not back far enough obviously.

[Actus Reus]

Does anyone know if any firms in like the v50-100 range have stated whether they are matching simpson yet?

Stroock matched Davis Polk scale.

wtf is stroock

[84651846190]

Does anyone know if any firms in like the v50-100 range have stated whether they are matching simpson yet?

Stroock matched Davis Polk scale.

wtf is stroock

I thought it was the name of an 80s porno until reading it in the context of this thread. Now I'm just confused.

[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.

(stockholm syndrome)

Lol.

In seriousness, I haven't work at a firm where the bonus was tied to hours. Obviously, it would be better if 2000 got you the full bonus and best if there were no requirement. It just doesn't seem like 2100 is that many hours. There are tradeoffs for working at QE: better early experience, so they say, in exchange for more work.

[Old Gregg]

It just doesn't seem like 2100 is that many hours.

More dumbasses ITT. great.

[fats provolone]

2100 early experience hours only feels like 1900 regular hours

[run26.2]

It just doesn't seem like 2100 is that many hours.

More dumbasses ITT. great.

I thought you were getting more moderate. Apparently not.

[Old Gregg]

2100 early experience hours only feels like 1900 regular hours

yeah the 2,100 just flies when you're doing what you love!

[Old Gregg]

It just doesn't seem like 2100 is that many hours.

More dumbasses ITT. great.

I thought you were getting more moderate. Apparently not.

temperament has nothing to do with it. say stupid shit and youll get called out on it. 2100 is a ton of hours to bill. doesnt matter how you slice it.

[run26.2]

It just doesn't seem like 2100 is that many hours.

More dumbasses ITT. great.

I thought you were getting more moderate. Apparently not.

temperament has nothing to do with it. say stupid shit and youll get called out on it. 2100 is a ton of hours to bill. doesnt matter how you slice it.

Your opinion bro.

To me, the difference between 2000 and 2100 is not that big over the course of the year. I realize that doesn't mean you work only 100 hours more. Obviously it is more. But you also get better at something by working at it more. Most of the best attorneys I have been around have typically averaged a minimum of 200 hrs billed a month for years. This threshold is well below that.

[lonerider]

Your opinion bro.

To me, the difference between 2000 and 2100 is not that big over the course of the year. I realize that doesn't mean you work only 100 hours more. Obviously it is more. But you also get better at something by working at it more. Most of the best attorneys I have been around have typically averaged a minimum of 200 hrs billed a month for years. This threshold is well below that.

2100 not a lot of hours ≠ the difference between 2000 & 2100 isnt that big

[jbagelboy]

It just doesn't seem like 2100 is that many hours.

More dumbasses ITT. great.

Your opinion bro.

To me, the difference between 2000 and 2100 is not that big over the course of the year. I realize that doesn't mean you work only 100 hours more. Obviously it is more. But you also get better at something by working at it more. Most of the best attorneys I have been around have typically averaged a minimum of 200 hrs billed a month for years. This threshold is well below that.

wow.

this forum used to be kinda chill. now it's truly coming into its inner striver menace. the 1L exam minutiae freak-outs, the rat out the cheater thread, and now this kind of shit.. not as fun these days.

[Desert Fox]

Extra 100 hours sucks. Especially since its not like you can just get 2100 hours no matter what.

[run26.2]

Your opinion bro.

To me, the difference between 2000 and 2100 is not that big over the course of the year. I realize that doesn't mean you work only 100 hours more. Obviously it is more. But you also get better at something by working at it more. Most of the best attorneys I have been around have typically averaged a minimum of 200 hrs billed a month for years. This threshold is well below that.

2100 not a lot of hours ≠ the difference between 2000 & 2100 isnt that big

If you look at my previous post, you will see I was comparing 2000 hrs to 2100 hrs.

My point in posting in the first place was because I was surprised that Quinn's minimum wasn't higher. People who go to Quinn probably don't have work-life balance as the most important factor in deciding on a firm. My original thought about what would be required to get a full market bonus at Quinn, given that the bonus was tied to a minimum number, and without having seen the number, was that the minimum number would be higher.

[mmelittlechicken]

You're making it worse bro.

[fats provolone]

do these PR disaster hours count towards your bonus?

[dixiecupdrinking]

Regardless of how much 2100 versus 2000 sucks, it's not like it should be a surprise to Quinn associates that doing less than that means you're failing to meet expectations. I imagine getting a lower bonus is only one of many ways in which the firm tells you to get your shit straight if you aren't doing 2200+. Doesn't sound like a place that abides coasting.

[fats provolone]

"coasting"

[84651846190]

Quinn is an exploitative sweatshop that abuses its associates in a lot more ways than high billable expectations.

[2014]

If you do less than 2100 at DPW or wherever you are also failing to meet expectations but you get full bonus anyway. I don't see how that is not wildly superior. You will get shitcanned at both and have made more money (and perhaps felt less anxiety over the year about meeting some magic threshold) at a no hours req firm.