2017 (Preview) Bonus Thread

(On Campus Interviews, Summer Associate positions, Firm Reviews, Tips, ...)
Forum rules
Anonymous Posting

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.
Anonymous User
Posts: 324690
Joined: Tue Aug 11, 2009 9:32 am

Re: 2017 (Preview) Bonus Thread

Postby Anonymous User » Tue Nov 29, 2016 12:20 pm

Anonymous User wrote:Stb matched


Davis polk, you are our last hope for a happy holidays...

(Not gonna happen tho)

anonnymouse

Bronze
Posts: 203
Joined: Tue Mar 08, 2011 3:52 pm

Re: 2017 (Preview) Bonus Thread

Postby anonnymouse » Tue Nov 29, 2016 12:41 pm

Anonymous User wrote:
Anonymous User wrote:Stb matched


Davis polk, you are our last hope for a happy holidays...

(Not gonna happen tho)

Definitely no hope but I'm not disappointed. Static bonuses with salary raises are pretty solid in my book. Especially at the mid and senior levels where salary bumps were $25k and up.

Anonymous User
Posts: 324690
Joined: Tue Aug 11, 2009 9:32 am

Re: 2017 (Preview) Bonus Thread

Postby Anonymous User » Tue Nov 29, 2016 4:57 pm

Given that the emails announcing bonuses are usually sent to all associates, how does each associate work out if he/she is getting the bonus? I'm a 2nd year and will probably be less than 50 hours short of my firm's cutoff, but apparently they sometimes use discretion if you're close.

Abbie Doobie

Silver
Posts: 591
Joined: Wed Apr 09, 2014 12:02 pm

Re: 2017 (Preview) Bonus Thread

Postby Abbie Doobie » Tue Nov 29, 2016 5:18 pm

Anonymous User wrote:Given that the emails announcing bonuses are usually sent to all associates, how does each associate work out if he/she is getting the bonus? I'm a 2nd year and will probably be less than 50 hours short of my firm's cutoff, but apparently they sometimes use discretion if you're close.


the firm usually sends out (either by mail or email) individual letters to the associates telling them what their bonuses will be

lawlorbust

Bronze
Posts: 425
Joined: Mon Feb 24, 2014 11:50 am

Re: 2017 (Preview) Bonus Thread

Postby lawlorbust » Tue Nov 29, 2016 5:19 pm

LaLiLuLeLo wrote:
Anonymous User wrote:
Anonymous User wrote:Milbank matched.

Semi-obnoxious, given that the chairman of the firm just gave a "state of the firm" address this month in which he commented on Milbank's amazing year so far (better than most firms, I believe he said).


Milbank will never be a market leader. They are very clear about that. If you thought otherwise you're taking crazy pills.


This. C'mon, it's Milbank.

Anonymous User
Posts: 324690
Joined: Tue Aug 11, 2009 9:32 am

Re: 2017 (Preview) Bonus Thread

Postby Anonymous User » Tue Nov 29, 2016 5:41 pm

Anybody know if market shattering brownies are back expected to be back?

anonnymouse

Bronze
Posts: 203
Joined: Tue Mar 08, 2011 3:52 pm

Re: 2017 (Preview) Bonus Thread

Postby anonnymouse » Tue Nov 29, 2016 6:51 pm

Anonymous User wrote:Anybody know if market shattering brownies are back expected to be back?

KE usually announces a week or two after.

I can't wait to see QE's announcement. The headline will be that QE beats market but the detailed matrix will show that you get market bonus at 2200-2399, an extra $5k for 2400-2699 and extra $10k for 2700+ (plus a free pair of flip flops).

Anonymous User
Posts: 324690
Joined: Tue Aug 11, 2009 9:32 am

Re: 2017 (Preview) Bonus Thread

Postby Anonymous User » Thu Dec 01, 2016 6:53 pm

anonnymouse wrote:
Anonymous User wrote:Anybody know if market shattering brownies are back expected to be back?

KE usually announces a week or two after.

I can't wait to see QE's announcement. The headline will be that QE beats market but the detailed matrix will show that you get market bonus at 2200-2399, an extra $5k for 2400-2699 and extra $10k for 2700+ (plus a free pair of flip flops).


lol. nailed it.

Anonymous User
Posts: 324690
Joined: Tue Aug 11, 2009 9:32 am

Re: 2017 (Preview) Bonus Thread

Postby Anonymous User » Fri Dec 02, 2016 1:38 am

Looks like a lot of firms that have announced so far are paying stub year bonuses (prorated). I thought this was relatively uncommon?

User avatar
Greenandgold

Bronze
Posts: 263
Joined: Mon Jun 27, 2011 12:45 pm

Re: 2017 (Preview) Bonus Thread

Postby Greenandgold » Fri Dec 02, 2016 10:21 am

Anonymous User wrote:Looks like a lot of firms that have announced so far are paying stub year bonuses (prorated). I thought this was relatively uncommon?


Nope, it's been that way since at least 2012.

If you google "Biglaw bonus 201X," the first result is always the ATL page announcing bonuses for that year, and you can see that this has been happening for a while.

Anonymous User
Posts: 324690
Joined: Tue Aug 11, 2009 9:32 am

Re: 2017 (Preview) Bonus Thread

Postby Anonymous User » Fri Dec 02, 2016 10:58 am

Greenandgold wrote:
Anonymous User wrote:Looks like a lot of firms that have announced so far are paying stub year bonuses (prorated). I thought this was relatively uncommon?


Nope, it's been that way since at least 2012.

If you google "Biglaw bonus 201X," the first result is always the ATL page announcing bonuses for that year, and you can see that this has been happening for a while.


My understanding is that, by and large, NYC-based firms pay stub year bonuses but do not give first-years a signing bonus (only a salary advance over the summer before they start). OTOH, west coast firms like Gibson don't give stub year bonuses but do give signing bonuses as opposed to salary advances.

Anonymous User
Posts: 324690
Joined: Tue Aug 11, 2009 9:32 am

Re: 2017 (Preview) Bonus Thread

Postby Anonymous User » Mon Dec 05, 2016 1:28 pm

Could some post a sum of linklaters and fried frank bonus scale? Law360 said the exceeded cravath but it could be click bait

Anonymous User
Posts: 324690
Joined: Tue Aug 11, 2009 9:32 am

Re: 2017 (Preview) Bonus Thread

Postby Anonymous User » Mon Dec 05, 2016 3:21 pm

Covington matched in all US offices.

Anonymous User
Posts: 324690
Joined: Tue Aug 11, 2009 9:32 am

Re: 2017 (Preview) Bonus Thread

Postby Anonymous User » Mon Dec 05, 2016 4:16 pm

Anonymous User wrote:
Greenandgold wrote:
Anonymous User wrote:Looks like a lot of firms that have announced so far are paying stub year bonuses (prorated). I thought this was relatively uncommon?


Nope, it's been that way since at least 2012.

If you google "Biglaw bonus 201X," the first result is always the ATL page announcing bonuses for that year, and you can see that this has been happening for a while.


My understanding is that, by and large, NYC-based firms pay stub year bonuses but do not give first-years a signing bonus (only a salary advance over the summer before they start). OTOH, west coast firms like Gibson don't give stub year bonuses but do give signing bonuses as opposed to salary advances.


GDC gives stub bonuses in addition to the $13.3K stipend/signing bonus it gives to first years.

Anonymous User
Posts: 324690
Joined: Tue Aug 11, 2009 9:32 am

Re: 2017 (Preview) Bonus Thread

Postby Anonymous User » Tue Dec 06, 2016 2:31 pm

Anyone know what the deal is with Morgan Lewis? ATL article said associates expecting lower than market bonuses, but wondering if that is true since Dechert gave market bonuses.

Anonymous User
Posts: 324690
Joined: Tue Aug 11, 2009 9:32 am

Re: 2017 (Preview) Bonus Thread

Postby Anonymous User » Wed Dec 07, 2016 11:25 pm

So it's a week after every other major firm announced--where are S&C's bonuses??

anonnymouse

Bronze
Posts: 203
Joined: Tue Mar 08, 2011 3:52 pm

Re: 2017 (Preview) Bonus Thread

Postby anonnymouse » Thu Dec 08, 2016 1:42 am

Anonymous User wrote:So it's a week after every other major firm announced--where are S&C's bonuses??

Well, maybe if you had worn your duffle bag with logo facing OUT you wouldn't be having this NOBONUS problem, would you?


Anonymous User
Posts: 324690
Joined: Tue Aug 11, 2009 9:32 am

Re: 2017 (Preview) Bonus Thread

Postby Anonymous User » Thu Dec 08, 2016 7:18 pm

Anyone know how prorated bonuses during stubyear works? if you don't meet the hours exactly, no bonus? Im busy but Thanksgiving and training activities took up a chunk of time. clueless new associate here.

User avatar
smaug

Diamond
Posts: 13973
Joined: Thu Feb 19, 2015 8:31 pm

Re: 2017 (Preview) Bonus Thread

Postby smaug » Thu Dec 08, 2016 7:24 pm

Anonymous User wrote:Anyone know how prorated bonuses during stubyear works? if you don't meet the hours exactly, no bonus? Im busy but Thanksgiving and training activities took up a chunk of time. clueless new associate here.

You'll be prorated by number of weeks worked, not hours, generally.

Anonymous User
Posts: 324690
Joined: Tue Aug 11, 2009 9:32 am

Re: 2017 (Preview) Bonus Thread

Postby Anonymous User » Thu Dec 08, 2016 7:36 pm

How do stub years coming off a clerkship as a second year generally work for bonuses?

Anonymous User
Posts: 324690
Joined: Tue Aug 11, 2009 9:32 am

Re: 2017 (Preview) Bonus Thread

Postby Anonymous User » Thu Dec 08, 2016 7:44 pm



Cravath associates don't even get their picture up on the firm's website

User avatar
2014

Platinum
Posts: 6027
Joined: Sat Jun 05, 2010 3:53 pm

Re: 2017 (Preview) Bonus Thread

Postby 2014 » Thu Dec 08, 2016 10:47 pm

Anonymous User wrote:How do stub years coming off a clerkship as a second year generally work for bonuses?


Same bonus as a stub year, e.g. like $1500 post-tax

Anonymous User
Posts: 324690
Joined: Tue Aug 11, 2009 9:32 am

Re: 2017 (Preview) Bonus Thread

Postby Anonymous User » Fri Dec 09, 2016 11:03 am

2014 wrote:
Anonymous User wrote:How do stub years coming off a clerkship as a second year generally work for bonuses?


Same bonus as a stub year, e.g. like $1500 post-tax


Also curious about this.

You'd get the same bonus as a first year stub? Not your class year? What if you are coming to the firm after two clerkships, as a third year? Are you sure it wouldn't just be a pro-rated share of the typical third year associate bonus?

RaceJudicata

Gold
Posts: 1702
Joined: Mon Jun 22, 2015 2:51 pm

Re: 2017 (Preview) Bonus Thread

Postby RaceJudicata » Fri Dec 09, 2016 11:11 am

Anonymous User wrote:
2014 wrote:
Anonymous User wrote:How do stub years coming off a clerkship as a second year generally work for bonuses?


Same bonus as a stub year, e.g. like $1500 post-tax


Also curious about this.

You'd get the same bonus as a first year stub? Not your class year? What if you are coming to the firm after two clerkships, as a third year? Are you sure it wouldn't just be a pro-rated share of the typical third year associate bonus?


The person asking stated they were a second year - first year and second year bonus amounts are same. I'm sure same logic applies to 3rd years.



Return to “Legal Employment�

Who is online

The online users are hidden on this forum.