2014 Biglaw Bonus Thread

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Bonuses will be _____ from last year

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Unchanged
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Total votes: 102

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fats provolone
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Re: 2014 Biglaw Bonus Thread

Postby fats provolone » Tue Nov 25, 2014 9:32 pm

Anonymous User wrote:haha @ everyone saying DPW will never be a market leader or go against cravath scale in this thread.

maybe they're reading this thread

LOL NO WAY THOSE PUSSIES AT SULLCROM GO TO 190

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Cobretti
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Re: 2014 Biglaw Bonus Thread

Postby Cobretti » Tue Nov 25, 2014 9:38 pm

jbagelboy wrote:
Anonymous User wrote:DPW Scale

2014: 15,000 (pro rated)
2013: 15,000
2012: 25,000
2011: 50,000 (vs 40)
2010: 65,000 (vs 55)
2009: 80,000 (vs 70)
2008: 90,000 (vs 85)
2007+: 100,000


Well not quite a bidding "war," but at least a little skirmish. Come on S&C.. Shatter the shatterers.

Image

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lhanvt13
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Re: 2014 Biglaw Bonus Thread

Postby lhanvt13 » Tue Nov 25, 2014 9:45 pm

ATL is gonna run out of pictures of people holding money

WhirledWorld
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Re: 2014 Biglaw Bonus Thread

Postby WhirledWorld » Tue Nov 25, 2014 9:52 pm

Wait, so what happens now? Do other V20 firms match DPW? This is sort of uncharted territory for a major firm to break the market.

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DoveBodyWash
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Re: 2014 Biglaw Bonus Thread

Postby DoveBodyWash » Tue Nov 25, 2014 10:49 pm


Anonymous User
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Re: 2014 Biglaw Bonus Thread

Postby Anonymous User » Tue Nov 25, 2014 11:10 pm



this article is amazing.

Anonymous User
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Re: 2014 Biglaw Bonus Thread

Postby Anonymous User » Tue Nov 25, 2014 11:28 pm

BIG LAW IS BACK BABY

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Old Gregg
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Re: 2014 Biglaw Bonus Thread

Postby Old Gregg » Wed Nov 26, 2014 12:08 am

a) cusenation, get the fuck out of this thread.

b) this new "bidding" war reaffirms the value of midlevel associates ITE. Gotta retain them.There are not that many trained ones out there...

Anonymous User
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Re: 2014 Biglaw Bonus Thread

Postby Anonymous User » Wed Nov 26, 2014 1:20 am

Kinda pissed my firm matched STB pre-DPW...

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fats provolone
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Re: 2014 Biglaw Bonus Thread

Postby fats provolone » Wed Nov 26, 2014 1:51 am

zweitbester wrote:a) cusenation, get the fuck out of this thread.

b) this new "bidding" war reaffirms the value of midlevel associates ITE. Gotta retain them.There are not that many trained ones out there...

i have heard generally from people at various firms that the current group of junior associates is terrible. fact or boomer fiction?

Anonymous User
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Re: 2014 Biglaw Bonus Thread

Postby Anonymous User » Wed Nov 26, 2014 3:08 am

Skadden's probably pissed.

Anonymous User
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Re: 2014 Biglaw Bonus Thread

Postby Anonymous User » Wed Nov 26, 2014 8:05 am

Actus Reus wrote:
cusenation wrote:
Actus Reus wrote:
cusenation wrote:How do people think KE will respond for their own bonus scale?


you're not even an attorney yet holy shit dude.

chill out. plus, Kirkland bonuses rarely are worth the extra amount of work/life events you've missed

Why the reaction? can't be curious? Lol



i don't work there so not really. i just know that it's rarely worth the extra effort. is the extra 5k worth the 200 hours? rarely.

if you're summering there, or working there, it's just a good sign bonuses went up. good news all around.


I work at K&E. I know of an NSP who billed more than 3,000 hours last year and received a $200,000 bonus.

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nsideirish
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Re: 2014 Biglaw Bonus Thread

Postby nsideirish » Wed Nov 26, 2014 1:26 pm

Anonymous User wrote:
I work at K&E. I know of an NSP who billed more than 3,000 hours last year and received a $200,000 bonus.



Is 3000 hours even possible?

mirage1287
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Re: 2014 Biglaw Bonus Thread

Postby mirage1287 » Wed Nov 26, 2014 1:31 pm

Anonymous User wrote:I work at K&E. I know of an NSP who billed more than 3,000 hours last year and received a $200,000 bonus.


A true example of selling your soul for money.

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Br3v
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Re: 2014 Biglaw Bonus Thread

Postby Br3v » Wed Nov 26, 2014 1:35 pm

Anonymous User wrote:I work at K&E. I know of an NSP who billed more than 3,000 hours last year and received a $200,000 bonus.


What? Does K&E have a special bonus with no cap or something or is this possible if you bill 3,000 (woah) at most biglaw firms? Or are you like a 8th year or something?

GOATlawman
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Re: 2014 Biglaw Bonus Thread

Postby GOATlawman » Wed Nov 26, 2014 1:51 pm

Br3v wrote:
Anonymous User wrote:I work at K&E. I know of an NSP who billed more than 3,000 hours last year and received a $200,000 bonus.


What? Does K&E have a special bonus with no cap or something or is this possible if you bill 3,000 (woah) at most biglaw firms? Or are you like a 8th year or something?


Most firms are lockstep (at least of the firms being discussed in this thread), so no, not possible

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Cobretti
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Re: 2014 Biglaw Bonus Thread

Postby Cobretti » Wed Nov 26, 2014 1:57 pm

Br3v wrote:
Anonymous User wrote:I work at K&E. I know of an NSP who billed more than 3,000 hours last year and received a $200,000 bonus.


What? Does K&E have a special bonus with no cap or something or is this possible if you bill 3,000 (woah) at most biglaw firms? Or are you like a 8th year or something?

NSP = non share partner, and K&E is known for above market bonuses, so its really not that unbelievable. If the new market is ~$100k for people with that seniority at other firms, double market for 3,000 hours seems like the least they can do.

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cookiejar1
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Re: 2014 Biglaw Bonus Thread

Postby cookiejar1 » Wed Nov 26, 2014 2:29 pm

Br3v wrote:
Anonymous User wrote:I work at K&E. I know of an NSP who billed more than 3,000 hours last year and received a $200,000 bonus.


What? Does K&E have a special bonus with no cap or something or is this possible if you bill 3,000 (woah) at most biglaw firms? Or are you like a 8th year or something?


Some firms will have pure lockstep compensation with no billable hours requirements (thus your bonus is only tied to class year) (generally white-shoe NYC firms). Most firms will offer pure lockstep bonuses tied to class year only but require associates to first meet a bonus-eligible floor first (as mentioned earlier ITT). Firms like KE (and to an extent QE) make it a point to beat the market by offering high bonuses tied to performance (usually a multiplier of just your hours billed + base class year bonus). Some firms have black box compensation that generally hovers around market with slight variations (e.g., Jones Day). Other firms will just barely beat market like DPW just did but generally still be lockstep (e.g., Irell). And some firms will ignore market altogether and just do their own thing (does Boies still let you gamble your bonus contingency style?).

mvp99
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Re: 2014 Biglaw Bonus Thread

Postby mvp99 » Wed Nov 26, 2014 2:54 pm

edit: FF matched STB
Last edited by mvp99 on Wed Nov 26, 2014 3:15 pm, edited 1 time in total.

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fats provolone
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Re: 2014 Biglaw Bonus Thread

Postby fats provolone » Wed Nov 26, 2014 3:00 pm

cookiejar1 wrote:(does Boies still let you gamble your bonus contingency style?).

yes, as far as i know. they sold this really hard on my CB. i was like damn how did you guys know i was a gambling addict.

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Tiago Splitter
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Re: 2014 Biglaw Bonus Thread

Postby Tiago Splitter » Wed Nov 26, 2014 3:08 pm

mvp99 wrote:Willkie is matching Simpson and Fried Frank is not.. both announced the news before DPW

Looks like Fried Frank did match Simpson.

http://abovethelaw.com/2014/11/associat ... y-match/2/

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fats provolone
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Re: 2014 Biglaw Bonus Thread

Postby fats provolone » Wed Nov 26, 2014 6:26 pm

any chance early announcers bump up to dpw scale? spring bonuses?

Mal Reynolds
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Re: 2014 Biglaw Bonus Thread

Postby Mal Reynolds » Wed Nov 26, 2014 6:27 pm

fats provolone wrote:any chance early announcers bump up to dpw scale? spring bonuses?


Can't a guy wonder???

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fats provolone
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Re: 2014 Biglaw Bonus Thread

Postby fats provolone » Wed Nov 26, 2014 6:38 pm

Mal Reynolds wrote:
fats provolone wrote:any chance early announcers bump up to dpw scale? spring bonuses?


Can't a guy wonder???

SA salaries to 4k/wk?? just wondering

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Cobretti
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Re: 2014 Biglaw Bonus Thread

Postby Cobretti » Wed Nov 26, 2014 7:19 pm

fats provolone wrote:
Mal Reynolds wrote:
fats provolone wrote:any chance early announcers bump up to dpw scale? spring bonuses?


Can't a guy wonder???

SA salaries to 4k/wk?? just wondering

careful guys, old man Actus Reus is gonna yell at you




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