How is salary calculated?

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Anonymous User
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Joined: Tue Aug 11, 2009 9:32 am

How is salary calculated?

Postby Anonymous User » Mon Aug 08, 2016 11:28 am

I am considering big law with big IP as well as GOOD UP boutiques. In both cases - -

How is your salary related to your billing rate? Does firm assign your billing rate based on seniority? Or is it something that varies based on customers?

How is your bonus related to your billing rate?
How does firm decide bonus or not and how much? Beyond meeting minimum Hours?

How is IP prosecution different from the answers above?

h2go

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Re: How is salary calculated?

Postby h2go » Mon Aug 08, 2016 12:37 pm

How is your salary related to your billing rate? Does firm assign your billing rate based on seniority? Or is it something that varies based on customers?


Not really that related. Salary is generally uniform across the firm while billing rate tends to vary by office (e.g. NY is higher than San Diego). If your firm has lockstep compensation, the billing rate tends to go up each year with your salary and at the same amount as the other people in your class. Different clients may get discounted rates depending on what they negotiate with the firm.

How is your bonus related to your billing rate?


Not really related. Bonuses are generally higher as you become more senior, just like your billing rate, but the bonus isn't really based off your billing rate.

How does firm decide bonus or not and how much? Beyond meeting minimum Hours?


Biglaw IP and those good IP boutiques generally follow market with respect to bonuses.

How is IP prosecution different from the answers above?


Not that different. Fewer prosecution positions in biglaw since its not that profitable. Clients probably more likely to get a discount.

Bluem_11

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Re: How is salary calculated?

Postby Bluem_11 » Mon Aug 08, 2016 1:17 pm

I've noticed like 15 IP related threads in past week with an OP that asks like 5 questions in each ( with this week being around Loyola's conference) by anon users. I'm guessing it's by the same aspie person.

Anonymous User
Posts: 325002
Joined: Tue Aug 11, 2009 9:32 am

Re: How is salary calculated?

Postby Anonymous User » Mon Aug 08, 2016 1:37 pm

Bluem_11 wrote:I've noticed like 15 IP related threads in past week with an OP that asks like 5 questions in each ( with this week being around Loyola's conference) by anon users. I'm guessing it's by the same aspie person.


Damn It! Have to do one question a thread now. You guys!



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