Bonus Speculation 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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Re: Bonus Speculation
No no, but now is not the time to use those lawyer distinguishing skills!
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Re: Bonus Speculation
Pretty sure "Cadwalader" is the name of an ancient demon fishgod, not a law firm. Nice try but no.
- LaLiLuLeLo
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Re: Bonus Speculation
Iä! Iä! Cadwalader fhtagn! Ph'nglui mglw'nfah Cadwalader R'lyeh wgah'nagl fhtagn!BigZuck wrote:Pretty sure "Cadwalader" is the name of an ancient demon fishgod, not a law firm. Nice try but no.
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Re: Bonus Speculation
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.rpupkin wrote:Are you tempted to leave your current market-paying firm for Cadwalader? Me neither. That's one reason this is not big news.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.
- SmokeytheBear
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Re: Bonus Speculation
I like the effort.charliekelly33 wrote: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.rpupkin wrote:Are you tempted to leave your current market-paying firm for Cadwalader? Me neither. That's one reason this is not big news.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.
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Re: Bonus Speculation
I'll take any reason to use "BS management committee"SmokeytheBear wrote:I like the effort.charliekelly33 wrote: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.rpupkin wrote:Are you tempted to leave your current market-paying firm for Cadwalader? Me neither. That's one reason this is not big news.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.
- Desert Fox
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Re: Bonus Speculation
There are a few firms who extra bonus for a bunch more hours. It's just not worth it.
Last edited by Desert Fox on Fri Jan 26, 2018 11:43 pm, edited 1 time in total.
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Re: Bonus Speculation
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
Last edited by Mr. Peanutbutter on Sat Jan 27, 2018 4:30 am, edited 1 time in total.
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Re: Bonus Speculation
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Last edited by JusticeJackson on Sat Dec 16, 2017 10:45 pm, edited 1 time in total.
- SmokeytheBear
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Re: Bonus Speculation
I dont even know how to pronounce Cadawalawalader.
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Re: Bonus Speculation
(Biddle Drinker)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.
- Monochromatic Oeuvre
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Re: Bonus Speculation
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.rpupkin wrote:Are you tempted to leave your current market-paying firm for Cadwalader? Me neither. That's one reason this is not big news.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.
No clue why everyone in these threads always think rational incentives are gonna move mountains. Nothing about how this industry works is rational.
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- bruinfan10
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Re: Bonus Speculation
180Monochromatic Oeuvre wrote: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.rpupkin wrote:Are you tempted to leave your current market-paying firm for Cadwalader? Me neither. That's one reason this is not big news.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.
No clue why everyone in these threads always think rational incentives are gonna move mountains. Nothing about how this industry works is rational.
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Re: Bonus Speculation
bruinfan10 wrote:180Monochromatic Oeuvre wrote: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.rpupkin wrote:Are you tempted to leave your current market-paying firm for Cadwalader? Me neither. That's one reason this is not big news.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.
No clue why everyone in these threads always think rational incentives are gonna move mountains. Nothing about how this industry works is rational.
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Re: Bonus Speculation
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/
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Re: Bonus Speculation
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.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/
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Re: Bonus Speculation
There's an ATL post about gifts for legal assistants and paralegals. Is it still $100 per class year nowadays?
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Re: Bonus Speculation
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.Desert Fox wrote:There are a few firms who extra bonus for a bunch more hours. It's just not worth it.
- bruinfan10
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Re: Bonus Speculation
this post did not receive sufficient appreciation.LaLiLuLeLo wrote:Iä! Iä! Cadwalader fhtagn! Ph'nglui mglw'nfah Cadwalader R'lyeh wgah'nagl fhtagn!BigZuck wrote:Pretty sure "Cadwalader" is the name of an ancient demon fishgod, not a law firm. Nice try but no.
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Re: Bonus Speculation
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Last edited by JusticeJackson on Sat Dec 16, 2017 10:45 pm, edited 1 time in total.
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Re: Bonus Speculation
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!
- rpupkin
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Re: Bonus Speculation
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.JusticeJackson wrote: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 yeargreenjuice wrote:There's an ATL post about gifts for legal assistants and paralegals. Is it still $100 per class year nowadays?
- rpupkin
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Re: Bonus Speculation
Here here! Finally, there's a big law firm on the scene that actually cares about associates.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!
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Re: Bonus Speculation
I don't know, continuing not to work at Cadwalader seems pretty rational to me.Monochromatic Oeuvre wrote: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.rpupkin wrote:Are you tempted to leave your current market-paying firm for Cadwalader? Me neither. That's one reason this is not big news.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.
No clue why everyone in these threads always think rational incentives are gonna move mountains. Nothing about how this industry works is rational.
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