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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Pikappraider
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Re: 2014 Biglaw Bonus Thread

Postby Pikappraider » Fri Dec 05, 2014 7:49 am

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

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FSK
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Re: 2014 Biglaw Bonus Thread

Postby FSK » Fri Dec 05, 2014 9:02 am

I imagine most literally cant' afford to.

Edit: This was a stupid comment.
Last edited by FSK on Fri Dec 05, 2014 12:03 pm, edited 1 time in total.

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Old Gregg
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Re: 2014 Biglaw Bonus Thread

Postby Old Gregg » Fri Dec 05, 2014 11:44 am

flawschoolkid wrote:I imagine most literally cant' afford to.


I imagine that this is completely incorrect.

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Actus Reus
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Re: 2014 Biglaw Bonus Thread

Postby Actus Reus » Fri Dec 05, 2014 12:10 pm

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


They'll have no choice but often are the firms that get creative re: hours requirements

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Old Gregg
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Re: 2014 Biglaw Bonus Thread

Postby Old Gregg » Fri Dec 05, 2014 12:34 pm

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


They'll have no choice but often are the firms that get creative re: hours requirements



...well Cadwalader did just match.

WhirledWorld
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Re: 2014 Biglaw Bonus Thread

Postby WhirledWorld » Fri Dec 05, 2014 2:35 pm

zweitbester wrote:
Actus Reus wrote:
Pikappraider wrote:Does anyone know if any firms in like the v50-100 range have stated whether they are matching simpson yet?


They'll have no choice but often are the firms that get creative re: hours requirements



...well Cadwalader did just match.


They matched Simpson, not Davis Polk or Skadden. Which is too bad -- I was hoping for a bidding war, or at least DPW's scale to be the standard.

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Old Gregg
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Re: 2014 Biglaw Bonus Thread

Postby Old Gregg » Fri Dec 05, 2014 2:56 pm

No one gets in a bidding war with Cadwader. The only firm that can initiate a bidding war is S&C at this point.

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Actus Reus
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Re: 2014 Biglaw Bonus Thread

Postby Actus Reus » Fri Dec 05, 2014 3:13 pm

zweitbester wrote:No one gets in a bidding war with Cadwader. The only firm that can initiate a bidding war is S&C at this point.


What do you mean by bidding war with cadwalader? Their PPP is high but have never been known for going higher on bonsues. Given my experience, most firms will just fall in line with Cravath because there is no reason not to

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cookiejar1
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Re: 2014 Biglaw Bonus Thread

Postby cookiejar1 » Fri Dec 05, 2014 3:15 pm

Actus Reus wrote:
zweitbester wrote:No one gets in a bidding war with Cadwader. The only firm that can initiate a bidding war is S&C at this point.


What do you mean by bidding war with cadwalader? Their PPP is high but have never been known for going higher on bonsues. Given my experience, most firms will just fall in line with Cravath because there is no reason not to


S/he's saying that Cadwalader would never attempt to lead market and engage in a bidding war with anyone.

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Old Gregg
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Re: 2014 Biglaw Bonus Thread

Postby Old Gregg » Fri Dec 05, 2014 3:28 pm

cookiejar1 wrote:
Actus Reus wrote:
zweitbester wrote:No one gets in a bidding war with Cadwader. The only firm that can initiate a bidding war is S&C at this point.


What do you mean by bidding war with cadwalader? Their PPP is high but have never been known for going higher on bonsues. Given my experience, most firms will just fall in line with Cravath because there is no reason not to


S/he's saying that Cadwalader would never attempt to lead market and engage in a bidding war with anyone.


This, and the market leaders would never attempt to match cadwalader even if they did beat the market. A good parallel is Cahill. Similar "prestige level" but way better bonuses. The wall street firms don't care and don't try to match them though.

Mal Reynolds
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Re: 2014 Biglaw Bonus Thread

Postby Mal Reynolds » Fri Dec 05, 2014 3:30 pm

NYC to 170 or thereabouts!!!!!!!

Anonymous User
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Re: 2014 Biglaw Bonus Thread

Postby Anonymous User » Fri Dec 05, 2014 9:51 pm

How do firms calculate the proration on stub year bonuses? Start date, hours, some fixed percentage?

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Re: 2014 Biglaw Bonus Thread

Postby Anonymous User » Fri Dec 05, 2014 10:00 pm

Follow-on question to the question above (different anon): Do firms generally pay stub bonuses for clerks who join the firm in the fall?

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Re: 2014 Biglaw Bonus Thread

Postby Anonymous User » Fri Dec 05, 2014 10:57 pm

Anonymous User wrote:How do firms calculate the proration on stub year bonuses? Start date, hours, some fixed percentage?

Most seem to be start date (to the day or week not sure which). Not sure how it works for firms with minimum billables.

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Yardbird
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Re: 2014 Biglaw Bonus Thread

Postby Yardbird » Sat Dec 06, 2014 2:06 am

Anonymous User wrote:
Anonymous User wrote:How do firms calculate the proration on stub year bonuses? Start date, hours, some fixed percentage?

Most seem to be start date (to the day or week not sure which). Not sure how it works for firms with minimum billables.
Wouldn't it just be a ratio?

X/160 = Y/15, where X is how much you will make in the year before taxes. Solve for Y.

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splitsplat
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Re: 2014 Biglaw Bonus Thread

Postby splitsplat » Sat Dec 06, 2014 3:15 am

Anonymous User wrote:Follow-on question to the question above (different anon): Do firms generally pay stub bonuses for clerks who join the firm in the fall?


some do, some don't.

I think this is reasonably accurate

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Pikappraider
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Re: 2014 Biglaw Bonus Thread

Postby Pikappraider » Mon Dec 08, 2014 2:58 am

Cadwalader matched simpson scale

rajeshdhnashire
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Re: 2014 Biglaw Bonus Thread

Postby rajeshdhnashire » Mon Dec 08, 2014 7:33 am

SPAM

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Old Gregg
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Re: 2014 Biglaw Bonus Thread

Postby Old Gregg » Mon Dec 08, 2014 11:17 am

Pikappraider wrote:Cadwalader matched simpson scale


see discussion above

KM2016
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Re: 2014 Biglaw Bonus Thread

Postby KM2016 » Tue Dec 09, 2014 4:31 pm


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cookiejar1
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Re: 2014 Biglaw Bonus Thread

Postby cookiejar1 » Wed Dec 10, 2014 5:12 pm

Ooooh - this is interesting. S&C matches DPW. I wonder if Cravath et. al. will spring-bonus in response?

http://abovethelaw.com/2014/12/associat ... avis-polk/

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Old Gregg
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Re: 2014 Biglaw Bonus Thread

Postby Old Gregg » Wed Dec 10, 2014 6:30 pm

Seems silly to have a spring bonuses just to give midlevels and seniors (and no one else) $5k to $10k more. Far more likely that the firms will just match here and now. Also possible that they'll leave it as is. It's not unprecedented.

Anonymous User
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Re: 2014 Biglaw Bonus Thread

Postby Anonymous User » Wed Dec 10, 2014 7:13 pm

...
Last edited by Anonymous User on Sat Apr 18, 2015 7:59 pm, edited 1 time in total.

v5junior
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Re: 2014 Biglaw Bonus Thread

Postby v5junior » Wed Dec 10, 2014 7:15 pm

^accidental anon

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thelawyler
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Re: 2014 Biglaw Bonus Thread

Postby thelawyler » Wed Dec 10, 2014 11:28 pm

A bit anti climactic.




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