2021 Special Bonuses Forum

[Anonymous User]

What about MoFo? Always late to the party.

MoFo should have pressure to match, given the fact that most west coast firms have matched (Fenwick, WSGR, Goodwin, Cooley, etc.)

[Anonymous User]

White & Case matched. June/December split with standard hours req, but you can catch-up the June payment in December if you miss hours in June. Payment schedule makes more sense for retention since regular bonuses are paid in Feb

[Anonymous User]

Ugh once again with the KE crap... and lol at people who have some personal loyalty/identity wrapped up in their firms to argue over stupid stuff like this

Back to bonuses, how are people in the V40-100 feeling? At one of them in Chi/TX/LA and no news yet

I'm technically at a V40 - Hogan Lovells - but not feeling great because Hogan decided last year to abandon any pretense of being a top firm in favor of being cheap. And I'm assuming you're in Texas, because LA (and probably Chicago) is definitely gonna match Spring Bonuses.

Not so sure about DC though. I've spoken with people at Covington, and they think it's unlikely CB will hop on board with Spring Bonuses. And if Covington doesn't pay, zero chance Hogan does.

I’m not as pessimistic about it moving down the chain. I think Ropes will have to match Goodwin in Boston. That will force Wilmer to match in Boston (and probably DC too), which will then force other DC-centric firms to match (Covington, Hogan Lovells, etc.).

I think the tech firms all matching helps the bonus trickle down to other firms who see themselves as “peers” of Goodwin, Fenwick, Cooley, and other firms.

Ropes matched on Friday. Pay out end of April/December.

I would find it hilarious if CovingTTTon did not match. But I think they have to, otherwise they compromise themselves vs the Gibsons, Kirklands, Lathams etc. that have increasingly large DC offices.

[nahumya]

Ugh once again with the KE crap... and lol at people who have some personal loyalty/identity wrapped up in their firms to argue over stupid stuff like this

Back to bonuses, how are people in the V40-100 feeling? At one of them in Chi/TX/LA and no news yet

I'm technically at a V40 - Hogan Lovells - but not feeling great because Hogan decided last year to abandon any pretense of being a top firm in favor of being cheap. And I'm assuming you're in Texas, because LA (and probably Chicago) is definitely gonna match Spring Bonuses.

Not so sure about DC though. I've spoken with people at Covington, and they think it's unlikely CB will hop on board with Spring Bonuses. And if Covington doesn't pay, zero chance Hogan does.

I’m not as pessimistic about it moving down the chain. I think Ropes will have to match Goodwin in Boston. That will force Wilmer to match in Boston (and probably DC too), which will then force other DC-centric firms to match (Covington, Hogan Lovells, etc.).

I think the tech firms all matching helps the bonus trickle down to other firms who see themselves as “peers” of Goodwin, Fenwick, Cooley, and other firms.

Ropes matched on Friday. Pay out end of April/December.

I would find it hilarious if CovingTTTon did not match. But I think they have to, otherwise they compromise themselves vs the Gibsons, Kirklands, Lathams etc. that have increasingly large DC offices.

Covington and A&P have both lost a lot of ground in DC. Their Vault rankings are outdated.

[cheaptilts]

Pretty hard to say Covington has lost ground in prestige when they’ve been widening the distance between it and W&C over the last three years w/r/t vault’s regional rankings for DC, and those rankings are voted on by those in each particular region.

[Anonymous User]

White & Case matched. June/December split with standard hours req, but you can catch-up the June payment in December if you miss hours in June. Payment schedule makes more sense for retention since regular bonuses are paid in Feb

As a W&C associate, yea it makes sense but it's trash.

[Anonymous User]

Pretty hard to say Covington has lost ground in prestige when they’ve been widening the distance between it and W&C over the last three years w/r/t vault’s regional rankings for DC, and those rankings are voted on by those in each particular region.

I can’t think of any would-be litigator who really wanted Cov over W&C. Plenty of the opposite, though. A handful of ambivalents. And lots of people who wanted Gibson or Kirkland etc. over Cov in DC as well.

[Monochromatic Oeuvre]

I would find it hilarious if CovingTTTon did not match. But I think they have to, otherwise they compromise themselves vs the Gibsons, Kirklands, Lathams etc. that have increasingly large DC offices.

I have been waiting four years to dust off my treasure trove of CovingTTTon memes. Do it, pussies.

As a matter of fact, instead of a bonus, announce an equivalent *penalty* to be taken out of every associate's paychecks.

[cheaptilts]

Pretty hard to say Covington has lost ground in prestige when they’ve been widening the distance between it and W&C over the last three years w/r/t vault’s regional rankings for DC, and those rankings are voted on by those in each particular region.

I can’t think of any would-be litigator who really wanted Cov over W&C. Plenty of the opposite, though. A handful of ambivalents. And lots of people who wanted Gibson or Kirkland etc. over Cov in DC as well.

There are certainly some, as the two firms compete for litigation associates at OCI each year. And some people are turned off by WC’s compensation. But all that is besides that the point, because the DC market isn’t focused solely on litigation.

Was just pointing out that Covington’s place in the DC market seems pretty secure given that it has separated itself from WC more and more in the DC vault rankings each year, much like Cravath in NY (notwithstanding that its prestige among peers in the market maybe shouldve declined).

[Anonymous User]

Sidley matched

[Anonymous User]

Sidley matched

Nice. Anyone know what months, whether there's an hours requirement, whether there's a catch-up?

[Anonymous User]

No hours requirement for Sidley (although potential pro-ration for leaves, start dates and reduced hours associates).

[Anonymous User]

Sidley is June/Nov. Looks like no hours requirement

[Anonymous User]

Sidley is June/Nov. Looks like no hours requirement

lol at Kirkland getting upstaged in the Chicago market by Sidely.

[Anonymous User]

Sidley is June/Nov. Looks like no hours requirement

lol at Kirkland getting upstaged in the Chicago market by Sidely.

Also Sidley is 37.5% in June and 62.5% in November.

[Anonymous User]

Kirkland match! April/September, uneven backloaded split, no hours req.

[Anonymous User]

K&E 4+ year here. My money was on the backend payment being in December so I'm pleasantly surprised. The multiplier is what matters now - I'm tracking for above 3000, and hope I don't hit that, but it will most likely still be a ton of hours relative to even strong prior years.

[Anonymous User]

Kirkland match! April/September, uneven backloaded split, no hours req.

Thank you Sidley for pushing Kirkland to do what it needed to do

[Anonymous User]

Sidley is June/Nov. Looks like no hours requirement

I assume all offices?

[Anonymous User]

Sidley is June/Nov. Looks like no hours requirement

I assume all offices?

All US offices. Email said bonuses for non-US will be communicated separately

[Anonymous User]

Sidley is June/Nov. Looks like no hours requirement

I assume all offices?

All US offices. Email said bonuses for non-US will be communicated separately

Great, thanks. Time for the rest of Chicago to fall in line.

[Anonymous User]

.

[Anonymous User]

did hogan just offer $300 reimbursement in lieu of bonus payment ...?

Also where is gibson at @gibson (the only v10 left?)

[Anonymous User]

LOL yes!

[Anonymous User]

did hogan just offer $300 reimbursement in lieu of bonus payment ...?

Also where is gibson at @gibson (the only v10 left?)

Did SulCrom announce?