Deferred Compensation

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Anonymous User
Posts: 325887
Joined: Tue Aug 11, 2009 9:32 am

Deferred Compensation

Postby Anonymous User » Wed Sep 19, 2018 2:15 pm

My biglaw firm does deferred comp where we only are paid market if we hit a specific number of hours. Don't want to out myself but it is between 2000-2200. So we make around 30k less throughout the year than market pay and if, and only if, we hit the set minimum hours, we get the "rest of our compensation" at the end of the year. Does any other firm do this? I have never heard of this except at my firm and it drives me insane and feels like a way to prevent associates from leaving before end of year. I compared my salary to another big law firm and for hitting the same hours at a firm on the cravath scale, I would be making 40k+ more per year (with base and bonus). Just trying to figure out when to jump ship.

Anonymous User
Posts: 325887
Joined: Tue Aug 11, 2009 9:32 am

Re: Deferred Compensation

Postby Anonymous User » Wed Sep 19, 2018 2:36 pm

That sounds terrible. My bonus cap is only 1950.

Anonymous User
Posts: 325887
Joined: Tue Aug 11, 2009 9:32 am

Re: Deferred Compensation

Postby Anonymous User » Wed Sep 19, 2018 5:58 pm

My old firm did this, but only for patent agents (not associates), and the deferred comp was paid out with a one-month delay (so delayed comp for January would be paid at the end of February). Deferring comp to the end of the year sounds godawful.



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