2014 Biglaw Bonus Thread Forum

Pikappraider · Post by **Pikappraider** » Fri Dec 05, 2014 7:49 am

Does anyone know if any firms in like the v50-100 range have stated whether they are matching simpson yet?

FSK · Post by **FSK** » Fri Dec 05, 2014 9:02 am

I imagine most literally cant' afford to.

Edit: This was a stupid comment.

Old Gregg · Post by **Old Gregg** » Fri Dec 05, 2014 11:44 am

flawschoolkid wrote:I imagine most literally cant' afford to.

I imagine that this is completely incorrect.

Actus Reus · Post by **Actus Reus** » Fri Dec 05, 2014 12:10 pm

Pikappraider wrote:Does anyone know if any firms in like the v50-100 range have stated whether they are matching simpson yet?

They'll have no choice but often are the firms that get creative re: hours requirements

Old Gregg · Post by **Old Gregg** » Fri Dec 05, 2014 12:34 pm

Actus Reus wrote:
Pikappraider wrote:Does anyone know if any firms in like the v50-100 range have stated whether they are matching simpson yet?
They'll have no choice but often are the firms that get creative re: hours requirements

...well Cadwalader did just match.

WhirledWorld · Post by **WhirledWorld** » Fri Dec 05, 2014 2:35 pm

zweitbester wrote:
Actus Reus wrote:
Pikappraider wrote:Does anyone know if any firms in like the v50-100 range have stated whether they are matching simpson yet?
They'll have no choice but often are the firms that get creative re: hours requirements

...well Cadwalader did just match.

They matched Simpson, not Davis Polk or Skadden. Which is too bad -- I was hoping for a bidding war, or at least DPW's scale to be the standard.

Old Gregg · Post by **Old Gregg** » Fri Dec 05, 2014 2:56 pm

No one gets in a bidding war with Cadwader. The only firm that can initiate a bidding war is S&C at this point.

Actus Reus · Post by **Actus Reus** » Fri Dec 05, 2014 3:13 pm

zweitbester wrote:No one gets in a bidding war with Cadwader. The only firm that can initiate a bidding war is S&C at this point.

What do you mean by bidding war with cadwalader? Their PPP is high but have never been known for going higher on bonsues. Given my experience, most firms will just fall in line with Cravath because there is no reason not to

cookiejar1 · Post by **cookiejar1** » Fri Dec 05, 2014 3:15 pm

Actus Reus wrote:
zweitbester wrote:No one gets in a bidding war with Cadwader. The only firm that can initiate a bidding war is S&C at this point.
What do you mean by bidding war with cadwalader? Their PPP is high but have never been known for going higher on bonsues. Given my experience, most firms will just fall in line with Cravath because there is no reason not to

S/he's saying that Cadwalader would never attempt to lead market and engage in a bidding war with anyone.

Old Gregg · Post by **Old Gregg** » Fri Dec 05, 2014 3:28 pm

cookiejar1 wrote:
Actus Reus wrote:
zweitbester wrote:No one gets in a bidding war with Cadwader. The only firm that can initiate a bidding war is S&C at this point.
What do you mean by bidding war with cadwalader? Their PPP is high but have never been known for going higher on bonsues. Given my experience, most firms will just fall in line with Cravath because there is no reason not to
S/he's saying that Cadwalader would never attempt to lead market and engage in a bidding war with anyone.

This, and the market leaders would never attempt to match cadwalader even if they did beat the market. A good parallel is Cahill. Similar "prestige level" but way better bonuses. The wall street firms don't care and don't try to match them though.

Mal Reynolds · Post by **Mal Reynolds** » Fri Dec 05, 2014 3:30 pm

NYC to 170 or thereabouts!!!!!!!

Anonymous User · Post by **Anonymous User** » Fri Dec 05, 2014 9:51 pm

How do firms calculate the proration on stub year bonuses? Start date, hours, some fixed percentage?

Anonymous User · Post by **Anonymous User** » Fri Dec 05, 2014 10:00 pm

Follow-on question to the question above (different anon): Do firms generally pay stub bonuses for clerks who join the firm in the fall?

Anonymous User · Post by **Anonymous User** » Fri Dec 05, 2014 10:57 pm

Anonymous User wrote:How do firms calculate the proration on stub year bonuses? Start date, hours, some fixed percentage?

Most seem to be start date (to the day or week not sure which). Not sure how it works for firms with minimum billables.

Yardbird · Post by **Yardbird** » Sat Dec 06, 2014 2:06 am

Anonymous User wrote:
Anonymous User wrote:How do firms calculate the proration on stub year bonuses? Start date, hours, some fixed percentage?
Most seem to be start date (to the day or week not sure which). Not sure how it works for firms with minimum billables.

Wouldn't it just be a ratio?

X/160 = Y/15, where X is how much you will make in the year before taxes. Solve for Y.

splitsplat · Post by **splitsplat** » Sat Dec 06, 2014 3:15 am

Anonymous User wrote:Follow-on question to the question above (different anon): Do firms generally pay stub bonuses for clerks who join the firm in the fall?

some do, some don't.

I think this is reasonably accurate

Pikappraider · Post by **Pikappraider** » Mon Dec 08, 2014 2:58 am

Cadwalader matched simpson scale

rajeshdhnashire · Post by **rajeshdhnashire** » Mon Dec 08, 2014 7:33 am

Old Gregg · Post by **Old Gregg** » Mon Dec 08, 2014 11:17 am

Pikappraider wrote:Cadwalader matched simpson scale

see discussion above

KM2016 · Post by **KM2016** » Tue Dec 09, 2014 4:31 pm

White & Case just matched STB.

http://abovethelaw.com/2014/12/associat ... son-match/

cookiejar1 · Post by **cookiejar1** » Wed Dec 10, 2014 5:12 pm

Ooooh - this is interesting. S&C matches DPW. I wonder if Cravath et. al. will spring-bonus in response?

http://abovethelaw.com/2014/12/associat ... avis-polk/

Old Gregg · Post by **Old Gregg** » Wed Dec 10, 2014 6:30 pm

Seems silly to have a spring bonuses just to give midlevels and seniors (and no one else) $5k to $10k more. Far more likely that the firms will just match here and now. Also possible that they'll leave it as is. It's not unprecedented.

thelawyler · Post by **thelawyler** » Wed Dec 10, 2014 11:28 pm

A bit anti climactic.

Anonymous User · Post by **Anonymous User** » Wed Dec 10, 2014 11:36 pm

Anyone hear a peep yet from Texas offices?

WhirledWorld · Post by **WhirledWorld** » Thu Dec 11, 2014 11:36 am

Has Cravath even announced yet?

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