2014 Biglaw Bonus Thread

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Bonuses will be _____ from last year

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Total votes: 102

Skump
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Re: 2014 Biglaw Bonus Thread

Postby Skump » Sat Nov 29, 2014 9:45 pm

A few issues. Lawyers in continental Europe tend to be more academic and appreciate advanced degrees more than US lawyers.


Fair enough: I guess resume bullshit looms relatively larger in a market whose professionals have less genuinely important work to do/draw on.
Last edited by Skump on Sat Nov 29, 2014 9:46 pm, edited 1 time in total.

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lonerider
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Re: 2014 Biglaw Bonus Thread

Postby lonerider » Sat Nov 29, 2014 9:46 pm

This is why TLS is unreadable.

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utahraptor
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Re: 2014 Biglaw Bonus Thread

Postby utahraptor » Sat Nov 29, 2014 9:47 pm

lonerider wrote:This is why TLS is unreadable.GOLD, JERRY! GOLD!

Danteshek
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Re: 2014 Biglaw Bonus Thread

Postby Danteshek » Sat Nov 29, 2014 10:42 pm

Skump wrote:
A few issues. Lawyers in continental Europe tend to be more academic and appreciate advanced degrees more than US lawyers.


Fair enough: I guess resume bullshit looms relatively larger in a market whose professionals have less genuinely important work to do/draw on.


Many European lawyers are pompous professor types, especially on the arbitration side of things. In transactional work there is little difference. Although the clients are just as demanding and might call you on a weekend, you'll probably take that call from home instead of at the office.

If you think there is no genuinely important work to be done in the European financial centers, I do not know what to say other than to suggest that you get out a bit.

911 crisis actor
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Re: 2014 Biglaw Bonus Thread

Postby 911 crisis actor » Sat Nov 29, 2014 10:49 pm

Dantshek, where do you get out?

Danteshek
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Re: 2014 Biglaw Bonus Thread

Postby Danteshek » Sat Nov 29, 2014 10:51 pm

911 crisis actor wrote:Dantshek, where do you get out?



Out of the United States. About 9 years so far.

Anonymous User
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Re: 2014 Biglaw Bonus Thread

Postby Anonymous User » Sun Nov 30, 2014 12:14 am

.

GOATlawman
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Re: 2014 Biglaw Bonus Thread

Postby GOATlawman » Sun Nov 30, 2014 12:15 am

Danteshek wrote:
911 crisis actor wrote:Dantshek, where do you get out?



Out of the United States. About 9 years so far.


For the record, I'm on your side breh

Even if I don't agree with everything you say, the only people that are disagreeing with you seem like they have down's and/or will never have sex with a 7+ girl their entire life

While my dream is to retire to Venezuela, you seem like you are on the right track. Very curious about Prague, do you know anything about the legal climate there? I've never been, but it seems like the #1 place in europe that I might consider settling down if VE doesn't work out

Danteshek
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Re: 2014 Biglaw Bonus Thread

Postby Danteshek » Sun Nov 30, 2014 12:34 am

Goat:My point was simply that a lower five figure bonus is woefully inadequate considering how hard these junior associates work. I would feel extremely taken advantage of if that were my situation. I do not know anything about the legal market in Prague.
Last edited by Danteshek on Sun Nov 30, 2014 6:19 am, edited 1 time in total.

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thelawyler
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Re: 2014 Biglaw Bonus Thread

Postby thelawyler » Sun Nov 30, 2014 3:53 am

lonerider wrote:This is why TLS is unreadable.

Yeah, let's cut the bullshit here.

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jbagelboy
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Re: 2014 Biglaw Bonus Thread

Postby jbagelboy » Sun Nov 30, 2014 1:37 pm

to bring this back to relevance, have any CA firms released bonus figures and whether they'll be matching Simpson/Cravath or Davis?

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KD35
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Re: 2014 Biglaw Bonus Thread

Postby KD35 » Sun Nov 30, 2014 1:56 pm

jbagelboy wrote:to bring this back to relevance, have any CA firms released bonus figures and whether they'll be matching Simpson/Cravath or Davis?


Haven't heard anything from any of the major CA firms. Some also do partial merit-based bonuses (see Latham), which throws off the lockstep bonus scale, but haven't see anything from them either. My guess is that ATL will know more before TLS does

charliekelly33
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Re: 2014 Biglaw Bonus Thread

Postby charliekelly33 » Wed Dec 03, 2014 8:48 am

Dealbook talking about bonuses: http://dealbook.nytimes.com//2014/12/02 ... 77816&_r=0

I don't remember ATL ever reporting the Boies bonuses. Sounds like they are significantly above Simpson.

dixiecupdrinking
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Re: 2014 Biglaw Bonus Thread

Postby dixiecupdrinking » Wed Dec 03, 2014 9:16 am

charliekelly33 wrote:Dealbook talking about bonuses: http://dealbook.nytimes.com//2014/12/02 ... 77816&_r=0

I don't remember ATL ever reporting the Boies bonuses. Sounds like they are significantly above Simpson.

Boies is always in a different league on bonuses though. They're not a reflection of "market" pay.

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15 styx
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Re: 2014 Biglaw Bonus Thread

Postby 15 styx » Wed Dec 03, 2014 1:26 pm

Yesterday an associate told me that her friend’s firm (with +30 attorneys) did not award bonuses. That came as a surprise. This has to be uncommon, right?

(Big law or not I would think a successful firm would at least offer a few thousand.)

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Old Gregg
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Re: 2014 Biglaw Bonus Thread

Postby Old Gregg » Wed Dec 03, 2014 1:28 pm

15 styx wrote:Yesterday an associate told me that her friend’s firm (with +30 attorneys) did not award bonuses. That came as a surprise. This has to be uncommon, right?

(Big law or not I would think a successful firm would at least offer a few thousand.)


In the world of law firms that size, bonuses (or even the distribution of one) are incredibly variable. And the boundary between "success" and "failure" is a lot thinner. You don't know whether that firm is performing well or not. And it's not as if the general market conditions that lead to better bonuses year (i.e., corporate and M&A) would impact super small practices...

All intuitive stuff. Just requires two minutes of critical thinking.

Mal Reynolds
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Re: 2014 Biglaw Bonus Thread

Postby Mal Reynolds » Wed Dec 03, 2014 1:28 pm

15 styx wrote:Yesterday an associate told me that her friend’s firm (with +30 attorneys) did not award bonuses. That came as a surprise. This has to be uncommon, right?

(Big law or not I would think a successful firm would at least offer a few thousand.)


Yeah totally.

Anonymous User
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Re: 2014 Biglaw Bonus Thread

Postby Anonymous User » Wed Dec 03, 2014 1:50 pm

15 styx wrote:Yesterday an associate told me that her friend’s firm (with +30 attorneys) did not award bonuses. That came as a surprise. This has to be uncommon, right?

(Big law or not I would think a successful firm would at least offer a few thousand.)

My firm is >150 attorneys, and there's a blanket no-bonus policy.

kcdc1
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Re: 2014 Biglaw Bonus Thread

Postby kcdc1 » Wed Dec 03, 2014 2:21 pm

Anonymous User wrote:
15 styx wrote:Yesterday an associate told me that her friend’s firm (with +30 attorneys) did not award bonuses. That came as a surprise. This has to be uncommon, right?

(Big law or not I would think a successful firm would at least offer a few thousand.)

My firm is >150 attorneys, and there's a blanket no-bonus policy.

This reminds me -- if bonuses are going to return to being a significant portion of biglaw comp, will W&C raise base comp to stay competitive?

911 crisis actor
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Re: 2014 Biglaw Bonus Thread

Postby 911 crisis actor » Wed Dec 03, 2014 3:49 pm

As a member of the W&C Compensation Committee, I can confirm that that will be the case.

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jbagelboy
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Re: 2014 Biglaw Bonus Thread

Postby jbagelboy » Wed Dec 03, 2014 4:53 pm

911 crisis actor wrote:As a member of the W&C Compensation Committee, I can confirm that that will be the case.


obv.

Anonymous User
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Re: 2014 Biglaw Bonus Thread

Postby Anonymous User » Wed Dec 03, 2014 7:05 pm

http://abovethelaw.com/?sponsored_conte ... lite-firms

This article predicts base salary will go up. Curious to the effect that increased bonuses and increased market base salary will have.

mvp99
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Re: 2014 Biglaw Bonus Thread

Postby mvp99 » Wed Dec 03, 2014 7:18 pm

Uh? ATL made a prediction months ago that there wouldn't be an increase in salaries based on the fact that fewer firms pay 160k.... fallacy somewhere?

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sublime
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Re: 2014 Biglaw Bonus Thread

Postby sublime » Wed Dec 03, 2014 7:40 pm

..

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fats provolone
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Re: 2014 Biglaw Bonus Thread

Postby fats provolone » Wed Dec 03, 2014 7:59 pm

sublime wrote:Also, that isn't ATL, that is an ad from Kinney Recruiting.

atl is like 70% fake sponsored articles now anyway




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