Bonus Speculation

(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: 302686
Joined: Tue Aug 11, 2009 9:32 am

Re: Bonus Speculation

Postby Anonymous User » Wed Nov 29, 2017 1:35 pm

No no, but now is not the time to use those lawyer distinguishing skills!

BigZuck
Posts: 11719
Joined: Tue Sep 04, 2012 9:53 am

Re: Bonus Speculation

Postby BigZuck » Wed Nov 29, 2017 1:41 pm

Pretty sure "Cadwalader" is the name of an ancient demon fishgod, not a law firm. Nice try but no.

User avatar
LaLiLuLeLo
Posts: 567
Joined: Wed Jun 08, 2016 11:54 am

Re: Bonus Speculation

Postby LaLiLuLeLo » Wed Nov 29, 2017 1:50 pm

BigZuck wrote:Pretty sure "Cadwalader" is the name of an ancient demon fishgod, not a law firm. Nice try but no.


Iä! Iä! Cadwalader fhtagn! Ph'nglui mglw'nfah Cadwalader R'lyeh wgah'nagl fhtagn!

charliekelly33
Posts: 51
Joined: Mon Jul 28, 2014 8:35 am

Re: Bonus Speculation

Postby charliekelly33 » Wed Nov 29, 2017 2:01 pm

rpupkin wrote:
Anonymous User wrote:Why is this not bigger news? Cadwalader coming in at 120% above market bonus essentially. 2200 hours is a fairly reasonable bar. It seems like with enough hype this could still have some potential to push DPW or SullCrom up to that level as the market bonus without the billable requirement tho.

Are you tempted to leave your current market-paying firm for Cadwalader? Me neither. That's one reason this is not big news.


Criticisms of Cadwalader are valid (which is probably why they felt the need to do this). However, the point remains the same that they beat the Ballard Spahr scale. Circa 2007 Cadwalader beating market meant something. The BS management committee can't completely laugh this off.

User avatar
SmokeytheBear
Posts: 857
Joined: Wed Jun 15, 2016 1:40 pm

Re: Bonus Speculation

Postby SmokeytheBear » Wed Nov 29, 2017 2:04 pm

charliekelly33 wrote:
rpupkin wrote:
Anonymous User wrote:Why is this not bigger news? Cadwalader coming in at 120% above market bonus essentially. 2200 hours is a fairly reasonable bar. It seems like with enough hype this could still have some potential to push DPW or SullCrom up to that level as the market bonus without the billable requirement tho.

Are you tempted to leave your current market-paying firm for Cadwalader? Me neither. That's one reason this is not big news.


Criticisms of Cadwalader are valid (which is probably why they felt the need to do this). However, the point remains the same that they beat the Ballard Spahr scale. Circa 2007 Cadwalader beating market meant something. The BS management committee can't completely laugh this off.


I like the effort.

charliekelly33
Posts: 51
Joined: Mon Jul 28, 2014 8:35 am

Re: Bonus Speculation

Postby charliekelly33 » Wed Nov 29, 2017 2:07 pm

SmokeytheBear wrote:
charliekelly33 wrote:
rpupkin wrote:
Anonymous User wrote:Why is this not bigger news? Cadwalader coming in at 120% above market bonus essentially. 2200 hours is a fairly reasonable bar. It seems like with enough hype this could still have some potential to push DPW or SullCrom up to that level as the market bonus without the billable requirement tho.

Are you tempted to leave your current market-paying firm for Cadwalader? Me neither. That's one reason this is not big news.


Criticisms of Cadwalader are valid (which is probably why they felt the need to do this). However, the point remains the same that they beat the Ballard Spahr scale. Circa 2007 Cadwalader beating market meant something. The BS management committee can't completely laugh this off.


I like the effort.


I'll take any reason to use "BS management committee"

User avatar
Desert Fox
Progressively loosing literacy
Posts: 17917
Joined: Thu Sep 04, 2014 4:34 pm

Re: Bonus Speculation

Postby Desert Fox » Wed Nov 29, 2017 2:11 pm

There are a few firms who extra bonus for a bunch more hours. It's just not worth it.

User avatar
Mr. Peanutbutter
Posts: 9387
Joined: Sun Sep 20, 2015 3:48 pm

Re: Bonus Speculation

Postby Mr. Peanutbutter » Wed Nov 29, 2017 2:13 pm

Yeah I’ll stay at my chill no hours req firm and just spend $5k or whatever less on all the useless crap I don’t really enjoy

JusticeJackson
Posts: 517
Joined: Thu Feb 10, 2011 12:26 am

Re: Bonus Speculation

Postby JusticeJackson » Wed Nov 29, 2017 2:45 pm

I just want all firm managers that lurk TLS to know that I plan to think damn hard about applying to Cadwalader now. Damn hard.

User avatar
SmokeytheBear
Posts: 857
Joined: Wed Jun 15, 2016 1:40 pm

Re: Bonus Speculation

Postby SmokeytheBear » Wed Nov 29, 2017 2:47 pm

I dont even know how to pronounce Cadawalawalader.

BigZuck
Posts: 11719
Joined: Tue Sep 04, 2012 9:53 am

Re: Bonus Speculation

Postby BigZuck » Wed Nov 29, 2017 3:00 pm

JusticeJackson wrote:I just want all firm managers that lurk TLS to know that I plan to think damn hard about applying to Cadwalader now. Damn hard.

(Biddle Drinker)

ghostoftraynor
Posts: 94
Joined: Mon Jan 20, 2014 9:43 pm

Re: Bonus Speculation

Postby ghostoftraynor » Wed Nov 29, 2017 3:50 pm

Ayyyy leh go!

User avatar
Monochromatic Oeuvre
Posts: 2042
Joined: Fri May 10, 2013 9:40 pm

Re: Bonus Speculation

Postby Monochromatic Oeuvre » Wed Nov 29, 2017 4:06 pm

rpupkin wrote:
Anonymous User wrote:Why is this not bigger news? Cadwalader coming in at 120% above market bonus essentially. 2200 hours is a fairly reasonable bar. It seems like with enough hype this could still have some potential to push DPW or SullCrom up to that level as the market bonus without the billable requirement tho.

Are you tempted to leave your current market-paying firm for Cadwalader? Me neither. That's one reason this is not big news.


Everyone already at Cravath et. al was already stupid enough to voluntarily accept hundreds more hours for no additional pay. It’s not like you’re going to break them of their prestige obsession now when that’s all they have left.

No clue why everyone in these threads always think rational incentives are gonna move mountains. Nothing about how this industry works is rational.

User avatar
bruinfan10
Posts: 609
Joined: Fri Apr 29, 2011 12:25 am

Re: Bonus Speculation

Postby bruinfan10 » Wed Nov 29, 2017 5:32 pm

Monochromatic Oeuvre wrote:
rpupkin wrote:
Anonymous User wrote:Why is this not bigger news? Cadwalader coming in at 120% above market bonus essentially. 2200 hours is a fairly reasonable bar. It seems like with enough hype this could still have some potential to push DPW or SullCrom up to that level as the market bonus without the billable requirement tho.

Are you tempted to leave your current market-paying firm for Cadwalader? Me neither. That's one reason this is not big news.


Everyone already at Cravath et. al was already stupid enough to voluntarily accept hundreds more hours for no additional pay. It’s not like you’re going to break them of their prestige obsession now when that’s all they have left.

No clue why everyone in these threads always think rational incentives are gonna move mountains. Nothing about how this industry works is rational.

180

jd20132013
Posts: 1257
Joined: Sat Oct 09, 2010 4:41 pm

Re: Bonus Speculation

Postby jd20132013 » Wed Nov 29, 2017 5:41 pm

bruinfan10 wrote:
Monochromatic Oeuvre wrote:
rpupkin wrote:
Anonymous User wrote:Why is this not bigger news? Cadwalader coming in at 120% above market bonus essentially. 2200 hours is a fairly reasonable bar. It seems like with enough hype this could still have some potential to push DPW or SullCrom up to that level as the market bonus without the billable requirement tho.

Are you tempted to leave your current market-paying firm for Cadwalader? Me neither. That's one reason this is not big news.


Everyone already at Cravath et. al was already stupid enough to voluntarily accept hundreds more hours for no additional pay. It’s not like you’re going to break them of their prestige obsession now when that’s all they have left.

No clue why everyone in these threads always think rational incentives are gonna move mountains. Nothing about how this industry works is rational.

180

charliekelly33
Posts: 51
Joined: Mon Jul 28, 2014 8:35 am

Re: Bonus Speculation

Postby charliekelly33 » Wed Nov 29, 2017 5:44 pm

ATL publishing absolute click-bait because these boring bonuses are ruining traffic during its peak season: https://abovethelaw.com/2017/11/could-it-be-ny-to-200k/

User avatar
SplitMyPants
Posts: 1617
Joined: Wed Oct 09, 2013 9:22 pm

Re: Bonus Speculation

Postby SplitMyPants » Wed Nov 29, 2017 5:57 pm

charliekelly33 wrote:ATL publishing absolute click-bait because these boring bonuses are ruining traffic during its peak season: https://abovethelaw.com/2017/11/could-it-be-ny-to-200k/


holy shit... i've never seen something so fully embody the term "click-bait." at least most of the time people try and accompany the headline with some semblance of an article.

greenjuice
Posts: 39
Joined: Fri Jun 06, 2014 11:00 pm

Re: Bonus Speculation

Postby greenjuice » Wed Nov 29, 2017 7:35 pm

There's an ATL post about gifts for legal assistants and paralegals. Is it still $100 per class year nowadays?

run26.2
Posts: 980
Joined: Thu Jul 01, 2010 1:35 am

Re: Bonus Speculation

Postby run26.2 » Wed Nov 29, 2017 7:39 pm

Desert Fox wrote:There are a few firms who extra bonus for a bunch more hours. It's just not worth it.

I agree that it is not worth it to gun to try to get an extra bonus. But what if, for instance, you happen to go to 2 trials and happen to hit the number. In that case, I think would be nice to have the extra cash.

User avatar
bruinfan10
Posts: 609
Joined: Fri Apr 29, 2011 12:25 am

Re: Bonus Speculation

Postby bruinfan10 » Wed Nov 29, 2017 8:49 pm

LaLiLuLeLo wrote:
BigZuck wrote:Pretty sure "Cadwalader" is the name of an ancient demon fishgod, not a law firm. Nice try but no.


Iä! Iä! Cadwalader fhtagn! Ph'nglui mglw'nfah Cadwalader R'lyeh wgah'nagl fhtagn!

this post did not receive sufficient appreciation.

JusticeJackson
Posts: 517
Joined: Thu Feb 10, 2011 12:26 am

Re: Bonus Speculation

Postby JusticeJackson » Wed Nov 29, 2017 9:33 pm

greenjuice wrote:There's an ATL post about gifts for legal assistants and paralegals. Is it still $100 per class year nowadays?


Woah, what? I’ve always given $100 total. I usually ask others to make sure I’m in the same boat as others and they always do the same. Didn’t know I was supposed to multiply by class year

MillllerTime
Posts: 12
Joined: Fri Nov 10, 2017 2:02 am

Re: Bonus Speculation

Postby MillllerTime » Wed Nov 29, 2017 9:36 pm

Admittedly I'm not really sure what Cadwalader is, but that appears to be an objectively above-market bonus and I'm not sure how any associate/law student wouldn't consider that a positive. Someone who would otherwise choose Cravath probably isn't going to let a 20% bonus increase sway them, but it can and should sway people on the margins. Even if you plan to go work 1800 hours, it's nice to know that the firm will reward the effort if you do get unusually busy one year. Kudos to Cadwalader - associates should start applying there in Droves!

User avatar
rpupkin
Posts: 5629
Joined: Mon Dec 09, 2013 10:32 pm

Re: Bonus Speculation

Postby rpupkin » Wed Nov 29, 2017 9:38 pm

JusticeJackson wrote:
greenjuice wrote:There's an ATL post about gifts for legal assistants and paralegals. Is it still $100 per class year nowadays?


Woah, what? I’ve always given $100 total. I usually ask others to make sure I’m in the same boat as others and they always do the same. Didn’t know I was supposed to multiply by class year

I've given more as I've become more senior, though I've never applied a strict class-year multiplier. Also, at least at my firm, associates don't give monetary gifts to paralegals.

User avatar
rpupkin
Posts: 5629
Joined: Mon Dec 09, 2013 10:32 pm

Re: Bonus Speculation

Postby rpupkin » Wed Nov 29, 2017 9:40 pm

MillllerTime wrote:Admittedly I'm not really sure what Cadwalader is, but that appears to be an objectively above-market bonus and I'm not sure how any associate/law student wouldn't consider that a positive. Someone who would otherwise choose Cravath probably isn't going to let a 20% bonus increase sway them, but it can and should sway people on the margins. Even if you plan to go work 1800 hours, it's nice to know that the firm will reward the effort if you do get unusually busy one year. Kudos to Cadwalader - associates should start applying there in Droves!

Here here! Finally, there's a big law firm on the scene that actually cares about associates.

dixiecupdrinking
Posts: 3433
Joined: Sun Oct 26, 2008 2:39 pm

Re: Bonus Speculation

Postby dixiecupdrinking » Thu Nov 30, 2017 9:55 am

Monochromatic Oeuvre wrote:
rpupkin wrote:
Anonymous User wrote:Why is this not bigger news? Cadwalader coming in at 120% above market bonus essentially. 2200 hours is a fairly reasonable bar. It seems like with enough hype this could still have some potential to push DPW or SullCrom up to that level as the market bonus without the billable requirement tho.

Are you tempted to leave your current market-paying firm for Cadwalader? Me neither. That's one reason this is not big news.


Everyone already at Cravath et. al was already stupid enough to voluntarily accept hundreds more hours for no additional pay. It’s not like you’re going to break them of their prestige obsession now when that’s all they have left.

No clue why everyone in these threads always think rational incentives are gonna move mountains. Nothing about how this industry works is rational.

I don't know, continuing not to work at Cadwalader seems pretty rational to me.




Return to “Legal Employment”

Who is online

The online users are hidden on this forum.