Bonus Speculation

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2014

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Re: Bonus Speculation

Postby 2014 » Wed Dec 20, 2017 3:03 pm

Anonymous User wrote:Got fugged on my bonus despite billing ~2200 hours as a mid-level - was gonna use this to wipe out my loan balance but since I've been rewarded instead with boomer partners' POCKET CHANGE in lieu of real bone-us, SOFI's investors will continue sipping mai tai's on the beach in the MALDIVES for another few months at my expense. Feels bad, man, feels real bad.

Better update my resume to include that article I "co-wrote" with several partners' earlier this year and instruct the tailor to make my suits fit me again, this is the last straw DAMNIT.

Brutal, sorry anon. Presume you are somewhere where bonuses are "discretionary based on holistic considerations" or something? :/

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Re: Bonus Speculation

Postby Anonymous User » Wed Dec 20, 2017 11:23 pm

Anyone from BSF care to comment on bonuses this year?

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Re: Bonus Speculation

Postby Anonymous User » Thu Dec 21, 2017 12:21 am

Anyone know what WLRK bonuses were?

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Re: Bonus Speculation

Postby Anonymous User » Fri Dec 22, 2017 2:37 pm

I have not yet received my bonus. Ok to ask someone? I am a bit confused as I really expected it.

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rpupkin

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Re: Bonus Speculation

Postby rpupkin » Fri Dec 22, 2017 2:40 pm

Anonymous User wrote:I have not yet received my bonus. Ok to ask someone? I am a bit confused as I really expected it.

Have other associates at your firm received bonuses yet?

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Re: Bonus Speculation

Postby Anonymous User » Fri Dec 22, 2017 2:43 pm

rpupkin wrote:
Anonymous User wrote:I have not yet received my bonus. Ok to ask someone? I am a bit confused as I really expected it.

Have other associates at your firm received bonuses yet?



Yes. I am just very surprised given my work, reviews and perceived relationship I had with the partners I worked with. It will not be the first time hr messes something up for me. Or maybe just wishful thinking. This will be one of the worse readings of a situation in my whole life if I got no bonused.

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Re: Bonus Speculation

Postby Anonymous User » Fri Dec 22, 2017 2:47 pm

So how hard is it to lateral to Irell lol?

FascinatedWanderer

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Re: Bonus Speculation

Postby FascinatedWanderer » Fri Dec 22, 2017 2:52 pm

You really want to lateral to a has-been firm that's lost its highest profile non-patent partners because they gave out good bonuses for one year?

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Re: Bonus Speculation

Postby Anonymous User » Fri Dec 22, 2017 3:14 pm

It was a joke mostly, I know nothing about the firm except that I likely wouldn't have had the grades to get in the door.

I'm not from CA, so what is the deal with that firm? Just curious why it's considered a "has-been" as an outsider unfamiliar with the firm. I assume it has to be decently relevant to afford those bonuses, but then again I don't really know much about the finances of any law firm, big or small.

KM2016

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Re: Bonus Speculation

Postby KM2016 » Fri Dec 22, 2017 3:46 pm

Anonymous User wrote:It was a joke mostly, I know nothing about the firm except that I likely wouldn't have had the grades to get in the door.

I'm not from CA, so what is the deal with that firm? Just curious why it's considered a "has-been" as an outsider unfamiliar with the firm. I assume it has to be decently relevant to afford those bonuses, but then again I don't really know much about the finances of any law firm, big or small.


Used to be a major boutique-ish/biglaw-ish litigation shop (sort of like MTO), but all the non-IP litigators left and started Hueston Hennigan. Pretty much all that's left at Irell is IP lit. That said, they are top dog in IP lit, hence the bonuses.

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Re: Bonus Speculation

Postby Anonymous User » Tue Dec 26, 2017 8:13 am

Is the process at most law firms mechanically set for bonuses or is there input from partners in your practice group.

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Re: Bonus Speculation

Postby Anonymous User » Tue Dec 26, 2017 11:14 am

Anonymous User wrote:Anyone from BSF care to comment on bonuses this year?

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2014

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Re: Bonus Speculation

Postby 2014 » Tue Dec 26, 2017 3:08 pm

Anonymous User wrote:Is the process at most law firms mechanically set for bonuses or is there input from partners in your practice group.

The biggest NY firms do it mechanically either based on good standing or an hours threshold but there are dozens of firm with discretionary components, which presumably takes into account your reviews and reputation in your group.

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Re: Bonus Speculation

Postby Anonymous User » Thu Jan 18, 2018 3:11 pm

Anyone know whether Sidley pays stub year bonuses? This list is from 2014, but no idea if it still applies: https://abovethelaw.com/careers/law-firm-advances-bonuses-benefits-stipends-for-first-years/?rf=1.

Also curious about timing: are bonuses typically paid in December of that year or not until early the following year?

Any input would be appreciated!

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Re: Bonus Speculation

Postby Anonymous User » Thu Jan 18, 2018 5:30 pm

Anonymous User wrote:Anyone know whether Sidley pays stub year bonuses? This list is from 2014, but no idea if it still applies: https://abovethelaw.com/careers/law-firm-advances-bonuses-benefits-stipends-for-first-years/?rf=1.

Also curious about timing: are bonuses typically paid in December of that year or not until early the following year?

Any input would be appreciated!

They do not pay stub year bonuses to my knowledge. Bonuses at Sidley were paid via direct deposit on like December 22 or so. This was later than the last few years, when they were paid on Dec. 14-16.

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Re: Bonus Speculation

Postby Anonymous User » Fri Jan 19, 2018 3:24 am

Anonymous User wrote:
Anonymous User wrote:Anyone know whether Sidley pays stub year bonuses? This list is from 2014, but no idea if it still applies: https://abovethelaw.com/careers/law-firm-advances-bonuses-benefits-stipends-for-first-years/?rf=1.

Also curious about timing: are bonuses typically paid in December of that year or not until early the following year?

Any input would be appreciated!

They do not pay stub year bonuses to my knowledge. Bonuses at Sidley were paid via direct deposit on like December 22 or so. This was later than the last few years, when they were paid on Dec. 14-16.


Thanks for the info. Are you at Sidley, or just know ppl who are?

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Re: Bonus Speculation

Postby Anonymous User » Fri Jan 19, 2018 5:37 pm

Anonymous User wrote:
Anonymous User wrote:
Anonymous User wrote:Anyone know whether Sidley pays stub year bonuses? This list is from 2014, but no idea if it still applies: https://abovethelaw.com/careers/law-firm-advances-bonuses-benefits-stipends-for-first-years/?rf=1.

Also curious about timing: are bonuses typically paid in December of that year or not until early the following year?

Any input would be appreciated!

They do not pay stub year bonuses to my knowledge. Bonuses at Sidley were paid via direct deposit on like December 22 or so. This was later than the last few years, when they were paid on Dec. 14-16.


Thanks for the info. Are you at Sidley, or just know ppl who are?
I am the anon who posted that response and I am at Sidley.



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