2014 Biglaw Bonus Thread

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Bonuses will be _____ from last year

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Total votes: 102

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ExBiglawAssociate
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Re: 2014 Biglaw Bonus Thread

Postby ExBiglawAssociate » Fri Nov 28, 2014 4:58 pm

Danteshek wrote:
911 crisis actor wrote:Applying to be employee #2 at Danteshek's firm right now


You have neither the balls nor the skills


lol'd

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2014
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Re: 2014 Biglaw Bonus Thread

Postby 2014 » Fri Nov 28, 2014 5:04 pm

polkij333 wrote:Do we have any idle speculation on what this means for base? I assume there'd be at least some pressure to reconsider mid-level base at some firms, even if 1st year base remains 160k.

Seems like this could be a step in the right direction but in the short term you would think it will also relieve some of the pressure to jack up salary.

Anonymous User
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Re: 2014 Biglaw Bonus Thread

Postby Anonymous User » Fri Nov 28, 2014 5:09 pm

Biglaw_Associate_V20 wrote:
Br3v wrote:
Biglaw_Associate_V20 wrote:
I would literally go insane working that much. My worst year so far was about 2,500. I thought I was going to die.


What does that look like? 52 60 hour weeks?


It's never anything close to a consistent number of hours per week. It's always bursty, like 120 hour weeks followed by a week of almost zero hours. The bursty nature makes it many times more difficult than if it were simply 52 60-hour weeks (which itself would not be easy).


I disagree with this, but I think it totally depends on your personal life. For me, the up and down weeks are actually great. I'm single and don't have any real responsibilities, so when i have a slow week I can go enjoy life and not be stressed by work, when it's super busy i don't feel bad about throwing myself completely into the deal and don't feel like i'm missing out on stuff.

If you have a family or a SO that doesn't understand, I can totally see how it would suck. But for me, having ~15 weeks a year where i'm able to leave work by 5 or 6 are more than a fair trade for those other weeks where i'm completely crushed.

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mmelittlechicken
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Re: 2014 Biglaw Bonus Thread

Postby mmelittlechicken » Fri Nov 28, 2014 5:17 pm

I forgot, is dantesheck the insane guy who got into that diff with waterman and like tried to deport a classmate?

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fats provolone
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Re: 2014 Biglaw Bonus Thread

Postby fats provolone » Fri Nov 28, 2014 5:19 pm

mmelittlechicken wrote:I forgot, is dantesheck the insane guy who got into that diff with waterman and like tried to deport a classmate?

lol I think he went to UT so that sounds plausible

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JusticeHarlan
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Re: 2014 Biglaw Bonus Thread

Postby JusticeHarlan » Fri Nov 28, 2014 6:32 pm

fats provolone wrote:
mmelittlechicken wrote:I forgot, is dantesheck the insane guy who got into that diff with waterman and like tried to deport a classmate?

lol I think he went to UT so that sounds plausible

Nah:
Danteshek wrote:I've now attended law school at Southwestern (1L), Loyola (2L, 3L), and Georgetown (LLM-Securities and Financial Regulation). From fall 2013 to summer 2015 I will be in Russia on a fellowship studying Public Law at Higher School of Economics.

But I'm sure he's making four times biglaw salary right now while at the same time doing that Russian thing. That sounds totally legit.

Danteshek, does your $640k per year include the dollar to ruble conversion rate?

GOATlawman
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Re: 2014 Biglaw Bonus Thread

Postby GOATlawman » Fri Nov 28, 2014 6:44 pm

JusticeHarlan wrote:
fats provolone wrote:
mmelittlechicken wrote:I forgot, is dantesheck the insane guy who got into that diff with waterman and like tried to deport a classmate?

lol I think he went to UT so that sounds plausible

Nah:
Danteshek wrote:I've now attended law school at Southwestern (1L), Loyola (2L, 3L), and Georgetown (LLM-Securities and Financial Regulation). From fall 2013 to summer 2015 I will be in Russia on a fellowship studying Public Law at Higher School of Economics.

But I'm sure he's making four times biglaw salary right now while at the same time doing that Russian thing. That sounds totally legit.

Danteshek, does your $640k per year include the dollar to ruble conversion rate?


creepy...

Mal Reynolds
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Re: 2014 Biglaw Bonus Thread

Postby Mal Reynolds » Fri Nov 28, 2014 6:45 pm

Amazing

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ExBiglawAssociate
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Re: 2014 Biglaw Bonus Thread

Postby ExBiglawAssociate » Sat Nov 29, 2014 1:23 am

Anonymous User wrote:
Biglaw_Associate_V20 wrote:
Br3v wrote:
Biglaw_Associate_V20 wrote:
I would literally go insane working that much. My worst year so far was about 2,500. I thought I was going to die.


What does that look like? 52 60 hour weeks?


It's never anything close to a consistent number of hours per week. It's always bursty, like 120 hour weeks followed by a week of almost zero hours. The bursty nature makes it many times more difficult than if it were simply 52 60-hour weeks (which itself would not be easy).


I disagree with this, but I think it totally depends on your personal life. For me, the up and down weeks are actually great. I'm single and don't have any real responsibilities, so when i have a slow week I can go enjoy life and not be stressed by work, when it's super busy i don't feel bad about throwing myself completely into the deal and don't feel like i'm missing out on stuff.

If you have a family or a SO that doesn't understand, I can totally see how it would suck. But for me, having ~15 weeks a year where i'm able to leave work by 5 or 6 are more than a fair trade for those other weeks where i'm completely crushed.


100% agree. If I were single with no kids, I would totally sell my soul and gun for partner.

Danteshek
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Re: 2014 Biglaw Bonus Thread

Postby Danteshek » Sat Nov 29, 2014 5:08 am

Not worth my time, obviously. Keep billing guys.
Last edited by Danteshek on Sat Nov 29, 2014 6:07 am, edited 4 times in total.

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sinfiery
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Re: 2014 Biglaw Bonus Thread

Postby sinfiery » Sat Nov 29, 2014 5:50 am

Danteshek wrote:
Mal Reynolds wrote:Amazing


No longer in Russia, but still abroad! Market in Russia was not what it was obviously. In 2008 - before I went to law school - I had no problem finding a great job in Moscow. Then the financial crisis happened. The past year in Russia was mostly a waste of time but I did meet some very interesting people and learned a hell of a lot. I do not rule out an eventual return to Russia but more likely it will be just be a CIS deal from time to time. The world is a big place, full of opportunities, most of which are not widely publicized. Especially in Finance and Private Equity. I don't know why, but I feel an obligation to lead at least one person out of the NYC biglaw TLS fog. You guys are so fucking cynical on this board it makes me want to puke. This is the kind of attitude and world view that leads to alcoholism and suicide. If anyone here can suspend his disbelief for a noanosecond and PM me, perhaps I would be willing to share more offline. It just might be the beginning of a beautiful relationship. Bonus points if you are multilingual. I will be in NYC for a week next month...


Oh great one, why do you choose to bestow onto us such rewards?

Danteshek
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Re: 2014 Biglaw Bonus Thread

Postby Danteshek » Sat Nov 29, 2014 6:00 am

I have met some worthwhile people through this Board. Not many, but a few.
Last edited by Danteshek on Sat Nov 29, 2014 6:07 am, edited 1 time in total.

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fats provolone
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Re: 2014 Biglaw Bonus Thread

Postby fats provolone » Sat Nov 29, 2014 6:01 am

Mal Reynolds wrote:Amazing

Danteshek
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Re: 2014 Biglaw Bonus Thread

Postby Danteshek » Sat Nov 29, 2014 6:08 am

fats provolone wrote:
Mal Reynolds wrote:Amazing


This is Amazing:


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fats provolone
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Re: 2014 Biglaw Bonus Thread

Postby fats provolone » Sat Nov 29, 2014 6:19 am

Danteshek wrote:
fats provolone wrote:
Mal Reynolds wrote:Amazing


This is Amazing:


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nothing in life is free my friend

Danteshek
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Re: 2014 Biglaw Bonus Thread

Postby Danteshek » Sat Nov 29, 2014 6:45 am

fats provolone wrote:
Danteshek wrote:
fats provolone wrote:
Mal Reynolds wrote:Amazing


This is Amazing:


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nothing in life is free my friend


A cynic like you knows nothing of friendship.

911 crisis actor
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Re: 2014 Biglaw Bonus Thread

Postby 911 crisis actor » Sat Nov 29, 2014 9:05 am

Danteshek wrote:
No longer in Russia, but still abroad! Market in Russia was not what it was obviously. In 2008 - before I went to law school - I had no problem finding a great job in Moscow. Then the financial crisis happened. The past year in Russia was mostly a waste of time but I did meet some very interesting people and learned a hell of a lot. I do not rule out an eventual return to Russia but more likely it will be just be a CIS deal from time to time. The world is a big place, full of opportunities, most of which are not widely publicized. Especially in Finance and Private Equity. I don't know why, but I feel an obligation to lead at least one person out of the NYC biglaw TLS fog. You guys are so fucking cynical on this board it makes me want to puke. This is the kind of attitude and world view that leads to alcoholism and suicide. If anyone here can suspend his disbelief for a noanosecond and PM me, perhaps I would be willing to share more offline. It just might be the beginning of a beautiful relationship. Bonus points if you are multilingual. I will be in NYC for a week next month...


Spasibo

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utahraptor
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Re: 2014 Biglaw Bonus Thread

Postby utahraptor » Sat Nov 29, 2014 1:26 pm

Image

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utahraptor
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Re: 2014 Biglaw Bonus Thread

Postby utahraptor » Sat Nov 29, 2014 1:27 pm

oh, I was just looking for amusement, btw

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mmelittlechicken
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Re: 2014 Biglaw Bonus Thread

Postby mmelittlechicken » Sat Nov 29, 2014 1:36 pm

Danteshek wrote:I did fine in the end (just got a two-year fellowship valued at $130,000), but your career is in your hands. None of those other people are going to give you a job, no matter how much they like you.

Mal Reynolds
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Re: 2014 Biglaw Bonus Thread

Postby Mal Reynolds » Sat Nov 29, 2014 1:39 pm

Here's his pm to me.

Danteshek wrote:Let's imagine for a second that you make 160k and a 10k base. What is the lowest base you would accept for a 50% chance of making 1 million USD in one year, and a 50% chance of no bonus at all? 12k? 40k? This is the world of dealmaking. If there are no fees there is no income. And it can really hurt if you are not successful. You either can handle the risk or you can't. 99% can't stomach it.

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fats provolone
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Re: 2014 Biglaw Bonus Thread

Postby fats provolone » Sat Nov 29, 2014 1:53 pm

I just took a shit valued at $400

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IrwinM.Fletcher
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Re: 2014 Biglaw Bonus Thread

Postby IrwinM.Fletcher » Sat Nov 29, 2014 1:57 pm

danteshek has always been my favorite horatio alger character. From southwestern to loyola law review editorial board to georgetown llm to prematurely terminated fellowship to breaking one off in george soros.

delusionally patronizing tls posters literally every step of the way.

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lonerider
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Re: 2014 Biglaw Bonus Thread

Postby lonerider » Sat Nov 29, 2014 3:55 pm

So uh back to bonuses...

Junior banker salaries got boosted 20% this year. http://wsj.com/articles/wall-street-ban ... 7?mobile=y

Trying to use the google on my phone but it seems like bonuses for ibanks are up this year too? mergersandinquisitions.com/2014-investment-banking-bonuses/ Not really sure if this source is credible or if I'm reading it right.

Banks base pay + bonus rise = big law base pay rise too?

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cookiejar1
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Re: 2014 Biglaw Bonus Thread

Postby cookiejar1 » Sat Nov 29, 2014 4:15 pm

lonerider wrote:Banks base pay + bonus rise = big law base pay rise too?


Is there a real relationship between banker compensation and biglaw compensation? I can imagine a raise in ibanker total comp pressuring tech and consulting to match or raise but that's only because all of the different firms are targeting the same group of MBA students. JDs are definitely on the sideline here.




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