Midlaw bonuses

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Midlaw bonuses

Postby Anonymous User » Fri Dec 22, 2017 11:25 pm

Meh :?

What kind of bonuses are you all receiving in your midlaw firm?

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Re: Midlaw bonuses

Postby Anonymous User » Fri Dec 22, 2017 11:30 pm

My girlfriend's cousin's husband is a Partner in Midlaw and made a "joke" (that wasn't a joke) during Thanksgiving about how they just don't give actual Bonuses to Associates.

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Re: Midlaw bonuses

Postby Anonymous User » Fri Dec 22, 2017 11:33 pm

It’s depressing.

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Re: Midlaw bonuses

Postby Anonymous User » Sat Dec 23, 2017 2:19 pm

I'm at a ~50 attorney firm that doesn't pay market. Our target is 1900 hours(LOL), billed 1550. $7K bonus. I was told it was one of the top bonuses.

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Re: Midlaw bonuses

Postby Anonymous User » Sat Dec 23, 2017 3:36 pm

7k is pretty good.

Salary?

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Re: Midlaw bonuses

Postby Anonymous User » Sun Dec 24, 2017 9:40 am

$110,000 as a 4th year.

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Re: Midlaw bonuses

Postby Anonymous User » Wed Dec 27, 2017 10:39 am

4th year at a small but growing firm - just under $90,000.

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Re: Midlaw bonuses

Postby Anonymous User » Wed Dec 27, 2017 3:01 pm

Anonymous User wrote:4th year at a small but growing firm - just under $90,000.

Second year at a boutique (below market pay): $20K

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Johann

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Re: Midlaw bonuses

Postby Johann » Wed Dec 27, 2017 4:01 pm

midlaw bonuses are not that big relative to big law. you need to stop comparing yourselves to biglaw, which is a different animal. midlaw has more humane work-life balance, better chances of partnership, earlier chances of partnership, better benefits, usually cheaper COL, and is more of a "career" rather than a "makeshift stint" compared to biglaw.

compared to non biglaw jobs, 100K+ is a LOT of money and 3k+ is a BIG bonus.

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Re: Midlaw bonuses

Postby WhiteCollarBlueShirt » Wed Dec 27, 2017 4:19 pm

Johann wrote:midlaw bonuses are not that big relative to big law. you need to stop comparing yourselves to biglaw, which is a different animal. midlaw has more humane work-life balance, better chances of partnership, earlier chances of partnership, better benefits, usually cheaper COL, and is more of a "career" rather than a "makeshift stint" compared to biglaw.

compared to non biglaw jobs, 100K+ is a LOT of money and 3k+ is a BIG bonus.


Other than the fact that midlaw compensation is generally less than big law in every way, shape and form, your post is wildly inaccurate in many cases, unless you are trying to reserve "midlaw" as a classification for some type of unicorn job. Many regional firms that I would generally think of as midlaw provide none of those other things.

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Re: Midlaw bonuses

Postby Anonymous User » Thu Dec 28, 2017 5:17 pm

Op here.

I’m making around 85k a couple years after bar passage. Raises have been around 6-7k per year and my bonus was laughable. But I guess I can’t complain too much as there are many recent grads struggling to find a job. That’s what helps me sleep at night anyways, lol.

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Re: Midlaw bonuses

Postby Anonymous User » Thu Dec 28, 2017 7:48 pm

Anonymous User wrote:Op here.

I’m making around 85k a couple years after bar passage. Raises have been around 6-7k per year and my bonus was laughable. But I guess I can’t complain too much as there are many recent grads struggling to find a job. That’s what helps me sleep at night anyways, lol.


I worked at a midlaw/regional law firm that pays 180k to first years. First year bonus was 5k if that helps.

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Re: Midlaw bonuses

Postby Anonymous User » Thu Dec 28, 2017 8:41 pm

180k is good but how were the hours? Lol.

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Re: Midlaw bonuses

Postby Anonymous User » Thu Dec 28, 2017 9:23 pm

Anonymous User wrote:
Anonymous User wrote:Op here.

I’m making around 85k a couple years after bar passage. Raises have been around 6-7k per year and my bonus was laughable. But I guess I can’t complain too much as there are many recent grads struggling to find a job. That’s what helps me sleep at night anyways, lol.


I worked at a midlaw/regional law firm that pays 180k to first years. First year bonus was 5k if that helps.


was this major market? I'm going to a similar firm and kinda in the dark about bonuses.

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Re: Midlaw bonuses

Postby Anonymous User » Thu Dec 28, 2017 10:09 pm

Most likely a major market... most firms in my area aren’t paying first years that kind of salary lol.

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Re: Midlaw bonuses

Postby Anonymous User » Fri Dec 29, 2017 5:19 am

Anonymous User wrote:
Anonymous User wrote:
Anonymous User wrote:Op here.

I’m making around 85k a couple years after bar passage. Raises have been around 6-7k per year and my bonus was laughable. But I guess I can’t complain too much as there are many recent grads struggling to find a job. That’s what helps me sleep at night anyways, lol.


I worked at a midlaw/regional law firm that pays 180k to first years. First year bonus was 5k if that helps.


was this major market? I'm going to a similar firm and kinda in the dark about bonuses.


Yes major market, CA. 1900 hours to be eligible for bonus, so it wasn't too different from Biglaw hours. I left after the first year so I have no clue how much bonus increased as you got more senior, but I doubt it was that much. Don't expect much bonus unless you bill an insane amount of hours. Salary was technically black box, obviously don't expect Cravath scale, from first year to senior the range was probably 180k to 240/250k i'm guessing.

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Re: Midlaw bonuses

Postby Anonymous User » Fri Dec 29, 2017 11:44 am

Bonuses are $1k-2k at my midlaw firm right outside of a major market :? . Raises have been in the $5k-$10k range.

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Re: Midlaw bonuses

Postby Anonymous User » Fri Dec 29, 2017 11:48 am

WhiteCollarBlueShirt wrote:
Johann wrote:midlaw bonuses are not that big relative to big law. you need to stop comparing yourselves to biglaw, which is a different animal. midlaw has more humane work-life balance, better chances of partnership, earlier chances of partnership, better benefits, usually cheaper COL, and is more of a "career" rather than a "makeshift stint" compared to biglaw.

compared to non biglaw jobs, 100K+ is a LOT of money and 3k+ is a BIG bonus.


Other than the fact that midlaw compensation is generally less than big law in every way, shape and form, your post is wildly inaccurate in many cases, unless you are trying to reserve "midlaw" as a classification for some type of unicorn job. Many regional firms that I would generally think of as midlaw provide none of those other things.


I don’t know how my benefits compare to biglaw, but everything except earlier chances of partnership is true of my firm. My work-life balence is much better than my friends in biglaw, and historically more than 50% of first years end up as partners (in a one-tiered partnership).

The downside is pay starts at about 2/3 of market and ends up about 50% by year 8. Also, being a partner in a low-leverage all-equity firm is obviously going to be a lot different than a biglaw partner. Big caveat here: this is “market” where I work, (I.e., it’s the same as what vault firms pay) so I don’t know how much my market is effecting qol and partnership odds, and I don’t know how generalizable my experience is. Just wanted to throw out a data point.

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Re: Midlaw bonuses

Postby Anonymous User » Fri Dec 29, 2017 6:09 pm

Anonymous User wrote:Bonuses are $1k-2k at my midlaw firm right outside of a major market :? . Raises have been in the $5k-$10k range.



We are probably in a similar boat.



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