Wachtell Bonus Forum
Forum rules
Anonymous Posting
Anonymous posting is only appropriate when you are revealing sensitive employment related information about a firm, job, etc. You may anonymously respond on topic to these threads. Unacceptable uses include: harassing another user, joking around, testing the feature, or other things that are more appropriate in the lounge.
Failure to follow these rules will get you outed, warned, or banned.
Anonymous Posting
Anonymous posting is only appropriate when you are revealing sensitive employment related information about a firm, job, etc. You may anonymously respond on topic to these threads. Unacceptable uses include: harassing another user, joking around, testing the feature, or other things that are more appropriate in the lounge.
Failure to follow these rules will get you outed, warned, or banned.
-
- Posts: 217
- Joined: Thu Dec 18, 2008 6:35 am
Wachtell Bonus
--LinkRemoved--
Bonuses started at 45% of salary for more junior associates up to 70% of base salary for more senior associates.
Bonuses started at 45% of salary for more junior associates up to 70% of base salary for more senior associates.
-
- Posts: 20063
- Joined: Sun Mar 14, 2010 7:06 pm
Re: Wachtell Bonus
In other news some dude just won the lottery, something which has about the same chance of happening for someone on TLS a working at Wachtell.
-
- Posts: 20063
- Joined: Sun Mar 14, 2010 7:06 pm
Re: Wachtell Bonus
I know it's not technically true, I was being hyperbolic. My point was that it is exceedingly rare and that one's chances are really really slim, though obviously not as rare as winning the lotto.G. T. L. Rev. wrote:I'm not so sure. IIRC, someone one here had a CB at WLRK this past fall, and we have people on here who are almost certainly qualified to work there.
- vanwinkle
- Posts: 8953
- Joined: Sun Dec 21, 2008 3:02 am
Re: Wachtell Bonus
I personally considered it an honor and a privilege to be in their presence for 20 minutes and receive a rejection letter on their beautiful letterhead.
-
- Posts: 428531
- Joined: Tue Aug 11, 2009 9:32 am
Re: Wachtell Bonus
thats pretty weak
hopefully they get back up to 100% base salary bonuses in 2 years when I join the firm
hopefully they get back up to 100% base salary bonuses in 2 years when I join the firm
Want to continue reading?
Register now to search topics and post comments!
Absolutely FREE!
Already a member? Login
-
- Posts: 428531
- Joined: Tue Aug 11, 2009 9:32 am
Re: Wachtell Bonus
But...
You have to work at Wachtell.
Not even close to being worth it.
You have to work at Wachtell.
Not even close to being worth it.
- swc65
- Posts: 1003
- Joined: Wed Jul 22, 2009 11:27 am
Re: Wachtell Bonus
^^ What? It's only billing 3K hours. That ain't hard.
-
- Posts: 428531
- Joined: Tue Aug 11, 2009 9:32 am
Re: Wachtell Bonus
I know you're being sarcastic, but even if 3k hours was reasonably doable, it's still doing the type of work that Wachtell does in a type of place like Wachtell...swc65 wrote:^^ What? It's only billing 3K hours. That ain't hard.
- Stanford4Me
- Posts: 6240
- Joined: Thu Jan 10, 2008 1:23 am
Re: Wachtell Bonus
+1 for me.Anonymous User wrote:But...
You have to work at Wachtell.
Not even close to being worth it.
- swc65
- Posts: 1003
- Joined: Wed Jul 22, 2009 11:27 am
Re: Wachtell Bonus
Anonymous User wrote:I know you're being sarcastic, but even if 3k hours was reasonably doable, it's still doing the type of work that Wachtell does in a type of place like Wachtell...swc65 wrote:^^ What? It's only billing 3K hours. That ain't hard.
I don't really know what they do or what type of place it is. What's so wrong with the work and environment?
- Cavalier
- Posts: 1994
- Joined: Mon Apr 13, 2009 6:13 pm
Re: Wachtell Bonus
Not really. I know of multiple TLSers who have been/will be competitive for SCOTUS clerkships, so I imagine quite a few people here could get Wachtell if they wanted.bk187 wrote:In other news some dude just won the lottery, something which has about the same chance of happening for someone on TLS a working at Wachtell.
-
- Posts: 20063
- Joined: Sun Mar 14, 2010 7:06 pm
Re: Wachtell Bonus
See my above response to GTL stating I was being hyperbolic.Cavalier wrote:Not really. I know of multiple TLSers who have been/will be competitive for SCOTUS clerkships, so I imagine quite a few people here could get Wachtell if they wanted.bk187 wrote:In other news some dude just won the lottery, something which has about the same chance of happening for someone on TLS a working at Wachtell.
- Cavalier
- Posts: 1994
- Joined: Mon Apr 13, 2009 6:13 pm
Re: Wachtell Bonus
You expect me to read the entire thread before posting? Ridiculous!bk187 wrote:See my above response to GTL stating I was being hyperbolic.Cavalier wrote:Not really. I know of multiple TLSers who have been/will be competitive for SCOTUS clerkships, so I imagine quite a few people here could get Wachtell if they wanted.bk187 wrote:In other news some dude just won the lottery, something which has about the same chance of happening for someone on TLS a working at Wachtell.
Register now!
Resources to assist law school applicants, students & graduates.
It's still FREE!
Already a member? Login
- beachbum
- Posts: 2758
- Joined: Tue Jun 29, 2010 9:35 pm
Re: Wachtell Bonus
This may sound incredibly ignorant, but what the hell did Watchtell do to deserve the insane prestige/respect they get (particularly on a forum where a lot of people are gunning for V5/V10)? And why are they paying so much more than other firms? And how can they afford to be so incredibly selective? Basically, wtf Watchtell?
Last edited by beachbum on Wed Apr 06, 2011 7:55 pm, edited 1 time in total.
-
- Posts: 20063
- Joined: Sun Mar 14, 2010 7:06 pm
Re: Wachtell Bonus
My feelings exactly.Cavalier wrote:You expect me to read the entire thread before posting? Ridiculous!
-
- Posts: 1090
- Joined: Thu Jul 12, 2007 4:12 pm
Re: Wachtell Bonus
Like skadden they did the hostile takeover stuff when other white shoes firms wouldn't b/c it wasn't considered respectable work. They defended corporate boards while skadden advised acquirers. Lipton also invented the poison pill which is a big deal in takeovers, making it impossible to do a hostile takeover w/o a proxy fight.beachbum wrote:This may sound incredibly ignorant, but what the hell did Watchtell do to deserve the insane prestige/respect they get (particularly on a forum where a lot of people are gunning for V5/V10)? And why are they paying so much more than other firms? And how can they afford to be so incredibly selective? Basically, wtf Watchtell?
Unlike skadden they didn't balloon in size but retain relatively low number of attorneys so they could remain more selective. They represent mostly public companies and get huge fees from their legal work. Since they have a small size they can afford to pay much higher bonuses than other firms. But they also work much harder and partners typically don't bill at a much higher rate than associates do, so from the top down people at WLRK are workhorses.
the vault rankings are based on a survey of biglaw associates and partners and all they ask for is a ranking of firms based on perceived prestige. Since they pay the most, it's easy to see them as the most prestigious. In the 80s and early 90s Cravath paid the most, so they were ranked #1.
- beachbum
- Posts: 2758
- Joined: Tue Jun 29, 2010 9:35 pm
Re: Wachtell Bonus
Great explanation, thanks.legends159 wrote:Like skadden they did the hostile takeover stuff when other white shoes firms wouldn't b/c it wasn't considered respectable work. They defended corporate boards while skadden advised acquirers. Lipton also invented the poison pill which is a big deal in takeovers, making it impossible to do a hostile takeover w/o a proxy fight.beachbum wrote:This may sound incredibly ignorant, but what the hell did Watchtell do to deserve the insane prestige/respect they get (particularly on a forum where a lot of people are gunning for V5/V10)? And why are they paying so much more than other firms? And how can they afford to be so incredibly selective? Basically, wtf Watchtell?
Unlike skadden they didn't balloon in size but retain relatively low number of attorneys so they could remain more selective. They represent mostly public companies and get huge fees from their legal work. Since they have a small size they can afford to pay much higher bonuses than other firms. But they also work much harder and partners typically don't bill at a much higher rate than associates do, so from the top down people at WLRK are workhorses.
the vault rankings are based on a survey of biglaw associates and partners and all they ask for is a ranking of firms based on perceived prestige. Since they pay the most, it's easy to see them as the most prestigious. In the 80s and early 90s Cravath paid the most, so they were ranked #1.
Get unlimited access to all forums and topics
Register now!
I'm pretty sure I told you it's FREE...
Already a member? Login
- WVUCelticFan
- Posts: 217
- Joined: Fri Nov 26, 2010 5:44 pm
Re: Wachtell Bonus
Slightly off-topic, but what other firms (I'm assuming there are at least a a couple) do the same type of work as WLRK?
-
- Posts: 1090
- Joined: Thu Jul 12, 2007 4:12 pm
Re: Wachtell Bonus
pretty much every large firm in NYC
Wachtell doesn't do specialized niche work. They just do certain work, primarily M&A, M&A litigation, corp governance work especially well.
Wachtell doesn't do specialized niche work. They just do certain work, primarily M&A, M&A litigation, corp governance work especially well.
-
- Posts: 54
- Joined: Mon Oct 27, 2008 1:25 pm
Re: Wachtell Bonus
.
Last edited by phoenixsoars on Wed Jul 04, 2012 7:55 pm, edited 1 time in total.
-
- Posts: 428531
- Joined: Tue Aug 11, 2009 9:32 am
Re: Wachtell Bonus
Oh, no, I understand that they want 3k. I was referring to his "that ain't hard" comment.phoenixsoars wrote:Actually, from the people I've spoken with who have worked at Wachtell, around 3K billables sounds about right. So I'm not sure whether the comment was sarcasm, but 2700+ hours is a regular occurrence at WLRK. You don't get huge bonuses just because your firm is uber-prestigious.Anonymous User wrote:I know you're being sarcastic, but even if 3k hours was reasonably doable, it's still doing the type of work that Wachtell does in a type of place like Wachtell...swc65 wrote:^^ What? It's only billing 3K hours. That ain't hard.
Communicate now with those who not only know what a legal education is, but can offer you worthy advice and commentary as you complete the three most educational, yet challenging years of your law related post graduate life.
Register now, it's still FREE!
Already a member? Login
- RVP11
- Posts: 2774
- Joined: Tue Nov 06, 2007 6:32 pm
Re: Wachtell Bonus
They were giving standard 100% bonuses before ITE...so, yeah, sometimes you do get a huge bonus just because your firm is uber-prestigious.phoenixsoars wrote:Actually, from the people I've spoken with who have worked at Wachtell, around 3K billables sounds about right. So I'm not sure whether the comment was sarcasm, but 2700+ hours is a regular occurrence at WLRK. You don't get huge bonuses just because your firm is uber-prestigious.Anonymous User wrote:I know you're being sarcastic, but even if 3k hours was reasonably doable, it's still doing the type of work that Wachtell does in a type of place like Wachtell...swc65 wrote:^^ What? It's only billing 3K hours. That ain't hard.
- vanwinkle
- Posts: 8953
- Joined: Sun Dec 21, 2008 3:02 am
Re: Wachtell Bonus
I believe the above poster's point was that you get the bonus because you put in 2700+ hours at your uber-prestigious firm. If you're not keeping up with everyone else in billables logged, you won't be getting a huge bonus, you'll be getting the door.RVP11 wrote:They were giving standard 100% bonuses before ITE...so, yeah, sometimes you do get a huge bonus just because your firm is uber-prestigious.phoenixsoars wrote:Actually, from the people I've spoken with who have worked at Wachtell, around 3K billables sounds about right. So I'm not sure whether the comment was sarcasm, but 2700+ hours is a regular occurrence at WLRK. You don't get huge bonuses just because your firm is uber-prestigious.
Seriously? What are you waiting for?
Now there's a charge.
Just kidding ... it's still FREE!
Already a member? Login