NYC to 200k Forum

[Anonymous User]

This math isn't correct. If the requirement is 2000, you'd have to have 1000 by the end of June, not 1333. Also I'm pretty sure Skadden's minimum is 1800 (someone there correct me if I'm wrong), so they should only need 900 at the end of June if the hours requirement sticks.

Thank you. I thought I was going insane there for a second.
I think it's really unfair to have an hours requirement for this bonus, especially at a firm where you can do pro bono or similar to get your hours up. My practice area is notoriously slow in Q1, and with no warning that a bonus is coming there's no way to get your hours to make it happen.

And people here definitely tend to trend having heavier hours in the last 1/3 of the year, across all practice groups really (at least those I know), so hopefully the hours requirement is boilerplate and not a legitimate hurdle.

[Anonymous User]

its not a bad way to make sure people actually work the first half of the year next year.

[Anonymous User]

its not a bad way to make sure people actually work the first half of the year next year.

This. I know a lot of people who bank on having projects in the end of the year because "that's how it works in my group" or "partner so and so said we'd have work then" but it never materializes and they don't hit their hours. Why should firms give extra money to people not on track?

[Anonymous User]

Why should firms give extra money to people not on track?

don't you wanna get paid brah?

[Right2BearArms]

All the V10 has announced except Kirkland?? Latham is probably gonna announce today or tomorrow morning. IS KIRKLAND GOING TO 200K???????

Huge Latham troll here.

Yep, this is at least 4 days too soon for Latham to match.

[Anonymous User]

i've had way too busy a year and sick of others coasting haha

[Anonymous User]

This math isn't correct. If the requirement is 2000, you'd have to have 1000 by the end of June, not 1333. Also I'm pretty sure Skadden's minimum is 1800 (someone there correct me if I'm wrong), so they should only need 900 at the end of June if the hours requirement sticks.

Thank you. I thought I was going insane there for a second.
I think it's really unfair to have an hours requirement for this bonus, especially at a firm where you can do pro bono or similar to get your hours up. My practice area is notoriously slow in Q1, and with no warning that a bonus is coming there's no way to get your hours to make it happen.

And people here definitely tend to trend having heavier hours in the last 1/3 of the year, across all practice groups really (at least those I know), so hopefully the hours requirement is boilerplate and not a legitimate hurdle.

Yep, I’m going to miss the bonus if they do it this way (and it’s likely only going to be the first five months, because June won’t close until early July). On target generally, will be way above at year end, but two slow months.

It makes sense, but it’s out of left field so it just feels like a giant middle finger from the firm.

[Anonymous User]

Why should firms give extra money to people not on track?

don't you wanna get paid brah?

I'm well past being on track my man.

[Clearly]

This math isn't correct. If the requirement is 2000, you'd have to have 1000 by the end of June, not 1333. Also I'm pretty sure Skadden's minimum is 1800 (someone there correct me if I'm wrong), so they should only need 900 at the end of June if the hours requirement sticks.

Thank you. I thought I was going insane there for a second.
I think it's really unfair to have an hours requirement for this bonus, especially at a firm where you can do pro bono or similar to get your hours up. My practice area is notoriously slow in Q1, and with no warning that a bonus is coming there's no way to get your hours to make it happen.

And people here definitely tend to trend having heavier hours in the last 1/3 of the year, across all practice groups really (at least those I know), so hopefully the hours requirement is boilerplate and not a legitimate hurdle.

I'd think for everyone but first years, they'd do full year hours requirement on a trailing 12 month basis (June to June) to account for seasonal ups and downs and such.

[Anonymous User]

This math isn't correct. If the requirement is 2000, you'd have to have 1000 by the end of June, not 1333. Also I'm pretty sure Skadden's minimum is 1800 (someone there correct me if I'm wrong), so they should only need 900 at the end of June if the hours requirement sticks.

Thank you. I thought I was going insane there for a second.
I think it's really unfair to have an hours requirement for this bonus, especially at a firm where you can do pro bono or similar to get your hours up. My practice area is notoriously slow in Q1, and with no warning that a bonus is coming there's no way to get your hours to make it happen.

And people here definitely tend to trend having heavier hours in the last 1/3 of the year, across all practice groups really (at least those I know), so hopefully the hours requirement is boilerplate and not a legitimate hurdle.

I'd think for everyone but first years, they'd do full year hours requirement on a trailing 12 month basis (June to June) to account for seasonal ups and downs and such.

Wouldn't be a bad idea, but I doubt they would do that. They'll pick whichever route means paying out the least amount of money.

[Anonymous User]

The hours match isn't good news for associates who took their vacations earlier in the year, or who were just cyclically a little less busy in Q1/Q2 (not that uncommon).

More interesting to me though is that Skadden matched in ALL U.S. offices. They have big offices in LA, DC, Boston, Chicago, Palo Alto and Wilmington, and a fair number of lawyers in Houston. Will Skadden's nation-wide match be enough pressure to cause raises in, e.g., DC or CA?

[Anonymous User]

The hours match isn't good news for associates who took their vacations earlier in the year, or who were just cyclically a little less busy in Q1/Q2 (not that uncommon).

More interesting to me though is that Skadden matched in ALL U.S. offices. They have big offices in LA, DC, Boston, Chicago, Palo Alto and Wilmington, and a fair number of lawyers in Houston. Will Skadden's nation-wide match be enough pressure to cause raises in, e.g., DC or CA?

That's how it always works. To get the big DC firms to match, Skadden, Latham, and Gibson need to match. After that, one of the big DC firms, whether Cov, HL, A&P, or Wilmer, will match. Then everyone except K&L Gates will match.

[Anonymous User]

The hours match isn't good news for associates who took their vacations earlier in the year, or who were just cyclically a little less busy in Q1/Q2 (not that uncommon).

More interesting to me though is that Skadden matched in ALL U.S. offices. They have big offices in LA, DC, Boston, Chicago, Palo Alto and Wilmington, and a fair number of lawyers in Houston. Will Skadden's nation-wide match be enough pressure to cause raises in cities, e.g., DC or CA?

[Anonymous User]

Deleted

[Anonymous User]

KE Match

[Anonymous User]

Kirkland matched Cravath.

[Anonymous User]

I hope the ATL folks are ok. Fallin behind...

[Anonymous User]

KE match is all US offices. Good for Boston/Chicago/DC/TX folks.

[Anonymous User]

KE match is all US offices. Good for Boston/DC/TX folks.

Kirkland's DC office is very small. It's irrelevant for the big firms. For the DC market, the only firms that matter are Skadden, Latham, Gibson, HL, Cov, A&P, and Wilmer.

[Anonymous User]

KE match is all US offices. Good for Boston/DC/TX folks.

Kirkland's DC office is very small. It's irrelevant for the big DC firms. For the DC market, the only firms that matter are Skadden, Latham, Gibson, HL, Cov, A&P, and Wilmer.

[Anonymous User]

STB matched Cravath salary bumps for midlevels/seniors just now. Was probably the very last hope for any movement above 190.

[Anonymous User]

Kirkland has about 200 attorneys in DC. Not huge but not a drop-in-the-bucket mini satellite. Enough, alongside Skadden et al., to make the A&Ps and Hogans move I imagine.

[Anonymous User]

Kirkland has about 200 attorneys in DC. Not huge but not a drop-in-the-bucket mini satellite. Enough, alongside Skadden et al., to make the A&Ps and Hogans move I imagine.

^This. 200 lawyers is not small in DC. Also, egregious trolling on other poster's part for most of those firms

[Anonymous User]

When will Venable match?

[Anonymous User]

When will Venable match?

lol