2015 Biglaw Boneus Thread Forum

[Big Shrimpin]

NEW BONUS SCALE ANNOUNCED BY CRAVATH JUST NOW:

2007 - NOBREAKFAST

180 190

TYTY

in all seriousness, i bet announcement is Friday or next Monday

[smaug]

NEW BONUS SCALE ANNOUNCED BY CRAVATH JUST NOW:

2007 - NOBREAKFAST

180 190

TYTY

in all seriousness, i bet announcement is Friday or next Monday

If not today, Friday. Always give bad news on a Friday

[krads153]

I don't get why people who aren't legit midlevels or higher care that much about bonuses, tbh. For juniors, all bonuses are pretty much crap money compared to your law school tuition/rents/etc. Sad to say but you've already dug yourself into a financial hole - why care now?

[smaug]

jfc lol

[Big Shrimpin]

I don't get why people who aren't legit midlevels or higher care that much about bonuses, tbh. For juniors, all bonuses are pretty much crap money compared to your law school tuition/rents/etc. Sad to say but you've already dug yourself into a financial hole - why care now?

i iz midlevel so i have all teh cares

that aside, once you've felt the SOULCRUSHING nature of this job, you'll invariably pine for any and all compensation potentially obtainable in a desperate effort to rationalize the terrible choice you made by not dropping out after first semester 1L and doing something else

HTFH

[krads153]

I don't get why people who aren't legit midlevels or higher care that much about bonuses, tbh. For juniors, all bonuses are pretty much crap money compared to your law school tuition/rents/etc. Sad to say but you've already dug yourself into a financial hole - why care now?

i iz midlevel so i have all teh cares

that aside, once you've felt the SOULCRUSHING nature of this job, you'll invariably pine for any and all compensation potentially obtainable in a desperate effort to rationalize the terrible choice you made by not dropping out after first semester 1L and doing something else

HTFH

I'm a midlevel in biglaw...

[dixiecupdrinking]

"You have lots of bills so why care about an extra $5 or $10k?"
- guy who really gets personal finance

[krads153]

"You have lots of bills so why care about an extra $5 or $10k?"
- guy who really gets personal finance

More like you're already fucked anyway, so why bother obsessing over it. Let do what it do.

[dixiecupdrinking]

"You have lots of bills so why care about an extra $5 or $10k?"
- guy who really gets personal finance

More like you're already fucked anyway, so why bother obsessing over it. Let do what it do.

I guess man. The obsessing is obviously silly but I'm not gonna act like it doesn't matter to me if I get an extra $25k or $30k or whatever in my paycheck. All the more so because it gets my loans that many months closer to paid off.

(In before "but AFTER TAXES ITS ONLY...")

[Desert Fox]

[Big Shrimpin]

"You have lots of bills so why care about an extra $5 or $10k?"
- guy who really gets personal finance

More like you're already fucked anyway, so why bother obsessing over it. Let do what it do.

agreed breh

just saying that from my exp even tho the amount isn't large, there's still a satisfaction that i can maybe treat myself to something stupid (if I have time to enjoy it)

[Big Shrimpin]

Last year I used half my bonus to go to the bahamas right after I worked like ~65 out of 72 hours straight. It was 190k.

Plus any back tracking is bad for us. If we go back to 2013 BONEUS, we'll never get more when we are midlevels. By the time 2012 is midlevels, the fallout from the layoffs in 09 will be completely washed away for all time.

if it's 2013 level, I'm going to close office door, bury face in office chair and scream as loud as possible

might even throw a pen or two

[Anonymous User]

Last year I used half my bonus to go to the bahamas right after I worked like ~65 out of 72 hours straight. It was 190k.

Plus any back tracking is bad for us. If we go back to 2013 BONEUS, we'll never get more when we are midlevels. By the time 2012 is midlevels, the fallout from the layoffs in 09 will be completely washed away for all time.

if it's 2013 level, I'm going to close office door, bury face in office chair and scream as loud as possible

might even throw a pen or two

I'm going to steal a box of kcups.

[Big Shrimpin]

Last year I used half my bonus to go to the bahamas right after I worked like ~65 out of 72 hours straight. It was 190k.

Plus any back tracking is bad for us. If we go back to 2013 BONEUS, we'll never get more when we are midlevels. By the time 2012 is midlevels, the fallout from the layoffs in 09 will be completely washed away for all time.

if it's 2013 level, I'm going to close office door, bury face in office chair and scream as loud as possible

might even throw a pen or two

I'm going to steal a box of kcups.

#disgruntled

just waiting on my letter in the mail for a one year subscription to the jelly of the month club

[Anonymous User]

I don't get why people who aren't legit midlevels or higher care that much about bonuses, tbh. For juniors, all bonuses are pretty much crap money compared to your law school tuition/rents/etc. Sad to say but you've already dug yourself into a financial hole - why care now?

10k is still 10k. That's a huge dent in student loans (especially since a 10k payment now= 11k over five years) and a huge bump in QOL (huge vacation, massive Christmas gifts). Heck, it's what most Americans spend in two months.


It's easy to consider this all monopoly money with student loans this high, but absolute value still matters.

[nealric]

I don't get why people who aren't legit midlevels or higher care that much about bonuses, tbh. For juniors, all bonuses are pretty much crap money compared to your law school tuition/rents/etc. Sad to say but you've already dug yourself into a financial hole - why care now?

10k is still 10k. That's a huge dent in student loans (especially since a 10k payment now= 11k over five years) and a huge bump in QOL (huge vacation, massive Christmas gifts). Heck, it's what most Americans spend in two months.


It's easy to consider this all monopoly money with student loans this high, but absolute value still matters.

A $10k bonus is only about $6k of cash you can put towards your student loans today.

[Anonymous User]

It's getting weird that there hasn't been a release yet.

Didn't mean to be anon- its jbagel

[Monochromatic Oeuvre]

I don't get why people who aren't legit midlevels or higher care that much about bonuses, tbh. For juniors, all bonuses are pretty much crap money compared to your law school tuition/rents/etc. Sad to say but you've already dug yourself into a financial hole - why care now?

Yeah, why should the first-year desperately trying to escape debtpwnage before the next Lathaming give a shit? It's much more consequential whether that fifth year is gonna be able to swing that Hell's Kitchen condo his bitch wife wants or whether they'll have to settle for Irvington.

[Desert Fox]

[Big Shrimpin]

Who the fuck is talking about 10k- bonuses were 15k last year.

BECAUSE BONUSES ARE GOING DOWN, IF EVEN DISBURSED THIS YEAR

[anonnymouse]

Who the fuck is talking about 10k- bonuses were 15k last year.

10k is 40k pro-rated. NOBONUS to $40k!

[kcdc1]

Who the fuck is talking about 10k- bonuses were 15k last year.

Agreed, unless 10k is the assumed difference between maximum possible bonus and minimum possible bonus for 1st-years.

[Big Shrimpin]

Can someone data mine when bonuses were announced historically?

TYIA

[anonnymouse]

Can someone data mine when bonuses were announced historically?

TYIA

Already did this like a week ago in anticipation (all announcements by CSM unless otherwise noted):

2014: 11/21 (preempted by STB; edit: I think CSM matched STB on 11/24 before getting falcon punched by DPW)
2013: 12/2
2012: 11/26
2011: 11/28
2010: 11/22
2009: 11/2
2008: 11/20 (preempted by Skadden on 11/19)
2007: 10/29

The only other year with a December announcement in the last 9 was 2013. Pre-ITE, seems like CSM announced in advance of Thanksgiving. ITE, announcements have been the Monday following Thanksgiving (except last year and this year).

[Desert Fox]