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https://www.top-law-schools.com/forums/viewtopic.php?f=23&t=183675
lolClass of 2011 — $1,000
Class of 2010 — $1,000
Class of 2009 — $2,500
Class of 2008 — $2,500
Class of 2007 — $2,500
Class of 2006 — $5,000
Because they promised spring bonuses in the winter. Otherwise they probably wouldn't have paid anything.Morgan12Oak wrote:Why would you even pay a bonus? You're a prestigious firm, you'll maintain more prestige by not paying a bonus then by paying this.
Thank god for direct deposit. If not for direct deposit, this wouldn't even be worth my effort to walk to the bank to deposit it.
Oh but it would because as it turns out you are not getting anything extra for working all those ungodly hours. Might as well take some time off. Even if you are billing 500 bucks an hour all 500 of that after you've billed your initial costs (probably around 1700 hours) are going into a partner's pocket as pure profit.Morgan12Oak wrote:Why would you even pay a bonus? You're a prestigious firm, you'll maintain more prestige by not paying a bonus then by paying this.
Thank god for direct deposit. If not for direct deposit, this wouldn't even be worth my effort to walk to the bank to deposit it.
Wait, so it's a shitty bonus, and even so, you're saying that $1,000 dollars would not be worth the effort to walk to the bank to deposit it?Morgan12Oak wrote:Why would you even pay a bonus? You're a prestigious firm, you'll maintain more prestige by not paying a bonus then by paying this.
Thank god for direct deposit. If not for direct deposit, this wouldn't even be worth my effort to walk to the bank to deposit it.
your services are needed here: http://www.top-law-schools.com/forums/v ... 0#p5447879nmop_apisdn wrote:I see that. But what I'm saying is that people should not say that the bonus is not worth walking to the bank for. Like, 1000 dollars is not anything you would just throw away.thesealocust wrote:This a puzzling move by S&C. Legitimately embarrassing bonus amount.
Put it in context: A $1,000 bonus is less than one third of a week's salary. I can't imagine bonuses at this level being moral-enhancing.
That is unless he was being completely sarcastic and im just being retarded. Carry on.
LMAO!!!!! This was the perfect postrad lulz wrote:NY to 180!
No this post from Xo is perfect =>AssumptionRequired wrote:LMAO!!!!! This was the perfect postrad lulz wrote:NY to 180!
NY to 161!
This was also the perfect post. Both gave a niceDesert Fox wrote:No this post from Xo is perfect =>AssumptionRequired wrote:LMAO!!!!! This was the perfect postrad lulz wrote:NY to 180!NY to 161!
Touche, my friend.angrybird wrote:your services are needed here: http://www.top-law-schools.com/forums/v ... 0#p5447879
How much more does KE and Quinn end up paying their associates. I'd imagine some of it is exit options, but damn, I don't know.D-hops wrote:Now I am curious why people still continue to pick these Cravath/Sulcrom-scale bonus firms over the firms that pay more variable rate bonuses with the bottom of the scale equaling these other firms. I imagine not everyone has those choices, but I am sure quite a few people do and still chose the lockstep bonus firms.
With KE and Quinn I think it can be 3-4 times market bonuses. Boeis pays above market, I think Ropes can pay above market. I am sure there are others I can't think of.Desert Fox wrote:How much more does KE and Quinn end up paying their associates. I'd imagine some of it is exit options, but damn, I don't know.D-hops wrote:Now I am curious why people still continue to pick these Cravath/Sulcrom-scale bonus firms over the firms that pay more variable rate bonuses with the bottom of the scale equaling these other firms. I imagine not everyone has those choices, but I am sure quite a few people do and still chose the lockstep bonus firms.
If midlevels start moving in droves to those firms, the lockstep firms will have to match.
What other firms pay significantly above market to a good chunk of their associates? Even Quinn is really just at market for 2100-2400 hours right? I know at least a couple V100 do bonuses that can go above market, but we are talking barely so, and only for a small number.
There are a handful but most seem impossible to lateral into:D-hops wrote:With KE and Quinn I think it can be 3-4 times market bonuses. Boeis pays above market, I think Ropes can pay above market. I am sure there are others I can't think of.Desert Fox wrote:How much more does KE and Quinn end up paying their associates. I'd imagine some of it is exit options, but damn, I don't know.D-hops wrote:Now I am curious why people still continue to pick these Cravath/Sulcrom-scale bonus firms over the firms that pay more variable rate bonuses with the bottom of the scale equaling these other firms. I imagine not everyone has those choices, but I am sure quite a few people do and still chose the lockstep bonus firms.
If midlevels start moving in droves to those firms, the lockstep firms will have to match.
What other firms pay significantly above market to a good chunk of their associates? Even Quinn is really just at market for 2100-2400 hours right? I know at least a couple V100 do bonuses that can go above market, but we are talking barely so, and only for a small number.
But when you think about it there aren't many firms that are going to be putting significant pressure on the top firms to change their compensation because there are just too many jobs at the Cravath-scale firms.