Bonus Speculation Forum

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anonnymouse

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Re: Bonus Speculation

Post by anonnymouse » Mon Nov 27, 2017 11:36 am

Mr. Peanutbutter wrote:Did someone in HR get too distracted online shopping to push the bone us memo?
Cravath partner meeting is typically a lunch if I recall. If ATL hasn't posted anything by 4:30pm, BONE US CONFIRMED.

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LaLiLuLeLo

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Re: Bonus Speculation

Post by LaLiLuLeLo » Mon Nov 27, 2017 12:04 pm

This is upsetting. Maybe I should've held off on that 80 inch tv on Friday.

charliekelly33

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Re: Bonus Speculation

Post by charliekelly33 » Mon Nov 27, 2017 12:12 pm

LaLiLuLeLo wrote:This is upsetting. Maybe I should've held off on that 80 inch tv on Friday.
Nah, the credit card bill doesn't hit until next month. Since huge bonuses are basically confirmed, I'd get it now.

anonnymouse

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Re: Bonus Speculation

Post by anonnymouse » Mon Nov 27, 2017 12:45 pm

Rank speculation:

2016 - 15k
2015 - 25k
2014 - 50k
2013 - 75k
2012 - 90k
2011 - 100k
2010 - 110k
2009 - a set of steak knives

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Re: Bonus Speculation

Post by Anonymous User » Mon Nov 27, 2017 1:38 pm

It's hard to get excited about stub bonuses, especially after tax withholding.

Will update the moment CSM sends the memo though

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PorscheFanatic

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Re: Bonus Speculation

Post by PorscheFanatic » Mon Nov 27, 2017 1:38 pm

anonnymouse wrote:
Mr. Peanutbutter wrote:Did someone in HR get too distracted online shopping to push the bone us memo?
Cravath partner meeting is typically a lunch if I recall. If ATL hasn't posted anything by 4:30pm, BONE US CONFIRMED.
Do they not still make an announcement even if the bonus scale remains the same?

anonnymouse

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Re: Bonus Speculation

Post by anonnymouse » Mon Nov 27, 2017 1:53 pm

PorscheFanatic wrote:
anonnymouse wrote:
Mr. Peanutbutter wrote:Did someone in HR get too distracted online shopping to push the bone us memo?
Cravath partner meeting is typically a lunch if I recall. If ATL hasn't posted anything by 4:30pm, BONE US CONFIRMED.
Do they not still make an announcement even if the bonus scale remains the same?
Of course they still make an announcement. I'm suggesting that if ATL hasn't published by 4:30pm today, then we're in for NOBONUS.

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rpupkin

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Re: Bonus Speculation

Post by rpupkin » Mon Nov 27, 2017 2:22 pm

anonnymouse wrote:
Mr. Peanutbutter wrote:Did someone in HR get too distracted online shopping to push the bone us memo?
Cravath partner meeting is typically a lunch if I recall. If ATL hasn't posted anything by 4:30pm, BONE US CONFIRMED.
Be patient, my friends. CSM partners are scrambling to secure extra loans that will finance the higher bonuses that the firm must pay in order to attract and retain elite associate talent.

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TLSModBot

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Re: Bonus Speculation

Post by TLSModBot » Mon Nov 27, 2017 2:25 pm

rpupkin wrote:
anonnymouse wrote:
Mr. Peanutbutter wrote:Did someone in HR get too distracted online shopping to push the bone us memo?
Cravath partner meeting is typically a lunch if I recall. If ATL hasn't posted anything by 4:30pm, BONE US CONFIRMED.
Be patient, my friends. CSM partners are scrambling to secure extra loans that will finance the higher bonuses that the firm must pay in order to attract and retain elite associate talent.
Can you even imagine what would happen to associate morale if they didn't raise? The repercussions would be truly incredible

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SmokeytheBear

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Re: Bonus Speculation

Post by SmokeytheBear » Mon Nov 27, 2017 2:30 pm

On a compliance call. A memo posting would make this call *so* much more gooder.

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rpupkin

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Re: Bonus Speculation

Post by rpupkin » Mon Nov 27, 2017 2:38 pm

SmokeytheBear wrote:On a compliance call. A memo posting would make this call *so* much more gooder.
Good news: we've picked up chatter indicating that the Covington partners have circulated an internal memo outlining the reasons why the "DC market" does not support the new Cravath bonus scale. This is a strong sign that the industry expects CSM to bump up bonuses.

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Re: Bonus Speculation

Post by TLSModBot » Mon Nov 27, 2017 2:46 pm

rpupkin wrote:
SmokeytheBear wrote:On a compliance call. A memo posting would make this call *so* much more gooder.
Good news: we've picked up chatter indicating that the Covington partners have circulated an internal memo outlining the reasons why the "DC market" does not support the new Cravath bonus scale. This is a strong sign that the industry expects CSM to bump up bonuses.
Covington plans to lead the way by preemptively offering significantly reduced bonuses, while already having drafted the walk back "jk here you go" when everybody else follows CSM's well-earned bump and makes them look like fools, again.

A&P, Wilmer, Hogan, etc. not even taking their calls on DC market coordination strategy any more

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SmokeytheBear

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Re: Bonus Speculation

Post by SmokeytheBear » Mon Nov 27, 2017 3:53 pm

By my math, it's almost 3pm in NYC. What's the deal?

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Cobretti

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Re: Bonus Speculation

Post by Cobretti » Mon Nov 27, 2017 3:59 pm

SmokeytheBear wrote:By my math, it's almost 3pm in NYC. What's the deal?
CSM calling all their peers to tell them not to increase bonuses over their flat announcement in anticipation of salaries to 200k in January.

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Re: Bonus Speculation

Post by BenJ » Mon Nov 27, 2017 4:11 pm

SmokeytheBear wrote:By my math, it's almost 3pm in NYC. What's the deal?
Thanksgiving was really early this year. It's possible Cravath doesn't announce bonuses until Monday of next week.

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SmokeytheBear

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Re: Bonus Speculation

Post by SmokeytheBear » Mon Nov 27, 2017 4:12 pm

BenJ wrote:
SmokeytheBear wrote:By my math, it's almost 3pm in NYC. What's the deal?
Thanksgiving was really early this year. It's possible Cravath doesn't announce bonuses until Monday of next week.
Negativity like this is not needed in this thread.

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Re: Bonus Speculation

Post by Anonymous User » Mon Nov 27, 2017 4:13 pm

SmokeytheBear wrote:By my math, it's almost 3pm in NYC. What's the deal?
I hate to be the bearer of bad news, but the CSM partner lunch ended just before 2 pm, and no announcement has been made. Substantive decisions are usually made at partner meetings on the first Monday of the month, so the announcement was more likely to be made next Monday, anyway (although the bonus announcements -- including last year's -- haven't always followed that trend).

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anonnymouse

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Re: Bonus Speculation

Post by anonnymouse » Mon Nov 27, 2017 4:15 pm

Anonymous User wrote:
SmokeytheBear wrote:By my math, it's almost 3pm in NYC. What's the deal?
I hate to be the bearer of bad news, but the CSM partner lunch ended just before 2 pm, and no announcement has been made. Substantive decisions are usually made at partner meetings on the first Monday of the month, so the announcement was more likely to be made next Monday, anyway (although the bonus announcements -- including last year's -- haven't always followed that trend).
Translation: NOBONUS

anonnymouse

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Re: Bonus Speculation

Post by anonnymouse » Mon Nov 27, 2017 4:26 pm

Anonymous User wrote:
SmokeytheBear wrote:By my math, it's almost 3pm in NYC. What's the deal?
I hate to be the bearer of bad news, but the CSM partner lunch ended just before 2 pm, and no announcement has been made. Substantive decisions are usually made at partner meetings on the first Monday of the month, so the announcement was more likely to be made next Monday, anyway (although the bonus announcements -- including last year's -- haven't always followed that trend).
Other than 2015 and 2013, the trend is to announce in November. See my extraordinarily well-researched post of two years ago:

http://www.top-law-schools.com/forums/v ... 7#p8971317

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Re: Bonus Speculation

Post by Anonymous User » Mon Nov 27, 2017 4:28 pm

Memo apparently went out in the last ~5 minutes... Flat.

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Re: Bonus Speculation

Post by Mr. Peanutbutter » Mon Nov 27, 2017 4:29 pm

Anonymous User wrote:Memo apparently went out in the last ~5 minutes... Flat.
MODS PLZ
Last edited by Mr. Peanutbutter on Sat Jan 27, 2018 4:31 am, edited 1 time in total.

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anonnymouse

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Re: Bonus Speculation

Post by anonnymouse » Mon Nov 27, 2017 4:30 pm

Anonymous User wrote:Memo apparently went out in the last ~5 minutes... Flat.
As is tradition.


JusticeJackson

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Re: Bonus Speculation

Post by JusticeJackson » Mon Nov 27, 2017 4:32 pm

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Last edited by JusticeJackson on Sat Dec 16, 2017 10:47 pm, edited 2 times in total.

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SmokeytheBear

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Re: Bonus Speculation

Post by SmokeytheBear » Mon Nov 27, 2017 4:32 pm

Someone will raise. DPW or Simpson or Sullivan.

Seriously? What are you waiting for?

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