Whats market bonus? Forum
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Anonymous posting is only appropriate when you are revealing sensitive employment related information about a firm, job, etc. You may anonymously respond on topic to these threads. Unacceptable uses include: harassing another user, joking around, testing the feature, or other things that are more appropriate in the lounge.
Failure to follow these rules will get you outed, warned, or banned.
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AlanShore
- Posts: 1498
- Joined: Wed Jul 02, 2008 4:21 pm
Whats market bonus?
Just wondering what a typical/average market bonus is for a major market (for firms that use lockstep)? not including firms that might pay more but just a typical big law firm?
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Anonymous User
- Posts: 428567
- Joined: Tue Aug 11, 2009 9:32 am
Re: Whats market bonus?
Bump, also curious about this.
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ballouttacontrol
- Posts: 676
- Joined: Tue Sep 15, 2015 9:00 pm
Re: Whats market bonus?
Here is a scale that the "prestigious" NY firms follow
http://abovethelaw.com/2014/11/associat ... s-simpson/
The vast majority of other firms' bonuses are somewhat black box, and in general MUCH smaller. In any market other than NYC, even at leading firms in other major markets, it's even less likely they will stick to the rigid scale above.
http://abovethelaw.com/2014/11/associat ... s-simpson/
The vast majority of other firms' bonuses are somewhat black box, and in general MUCH smaller. In any market other than NYC, even at leading firms in other major markets, it's even less likely they will stick to the rigid scale above.
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Desert Fox
- Posts: 18283
- Joined: Thu Sep 04, 2014 4:34 pm
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barkschool
- Posts: 1024
- Joined: Fri Feb 13, 2015 12:05 am
Re: Whats market bonus?
100k bonuses were given out at one point, did I read that right?
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rpupkin
- Posts: 5653
- Joined: Mon Dec 09, 2013 10:32 pm
Re: Whats market bonus?
As others have suggested, it's not possible to answer your question. First, "market bonus"—as that term is used on TLS and in the legal press—is not close to "average biglaw bonus." Second, market bonus changes from year to year; it's not stable like base lockstep salary.AlanShore wrote:Just wondering what a typical/average market bonus is for a major market (for firms that use lockstep)? not including firms that might pay more but just a typical big law firm?
If you're curious about a particular firm or a particular office, you should just name it. We can at least tell you if that firm/office has traditionally paid market bonuses.
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Nekrowizard
- Posts: 367
- Joined: Mon Sep 02, 2013 10:53 am
Re: Whats market bonus?
No. The class of 2007 (i.e. people who have been working there since 2007) got 100K.barkschool wrote:100k bonuses were given out at one point, did I read that right?
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AlanShore
- Posts: 1498
- Joined: Wed Jul 02, 2008 4:21 pm
Re: Whats market bonus?
Thanks for all the responses. I'm going to a Boston firm (Ropes/Wilmer/Mintz/Goodwin etc). They pay market but I have no clue what bonuses are. Anyone know what bonuses have been last couple years in Boston?
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BigZuck
- Posts: 11730
- Joined: Tue Sep 04, 2012 9:53 am
Re: Whats market bonus?
Not saying this to be snarky but have you tried Google? Took me about 7 seconds to find some info on Ropes' bonuses last year, they might have something on the other firms you mentioned.AlanShore wrote:Thanks for all the responses. I'm going to a Boston firm (Ropes/Wilmer/Mintz/Goodwin etc). They pay market but I have no clue what bonuses are. Anyone know what bonuses have been last couple years in Boston?
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AlanShore
- Posts: 1498
- Joined: Wed Jul 02, 2008 4:21 pm
Re: Whats market bonus?
oh really? I have tried google... maybe I was googling poorly - all it turned up was that ATL article above. Thanks, I'll dig again.BigZuck wrote:Not saying this to be snarky but have you tried Google? Took me about 7 seconds to find some info on Ropes' bonuses last year, they might have something on the other firms you mentioned.AlanShore wrote:Thanks for all the responses. I'm going to a Boston firm (Ropes/Wilmer/Mintz/Goodwin etc). They pay market but I have no clue what bonuses are. Anyone know what bonuses have been last couple years in Boston?
