Fried Frank New Bonus Policy Forum

[Anonymous User]

http://abovethelaw.com/2015/10/associat ... us-policy/

Thoughts?

[Mack.Hambleton]

That feel when you only bill 2199 hours

[nerd1]

That feel when you only bill 2199 hours

Mark.Hambleton, aren't you a 1L bro?

[Mack.Hambleton]

That feel when you only bill 2199 hours

Mark.Hambleton, aren't you a 1L bro?

Yes it was a joke because that's one of their cutoffs

[Johann]

That feel when you only bill 2199 hours

That feel when you bill 2700 hours - $$$$$$
Just kidding you ant to kill yourself.

[Chrstgtr]

So does anyone actually bill under 2000 hours at FF? If so, do those people actually still have jobs after the firm realizes that they billed under 2000 for a whole year?

ETA: how do you think this signals FF's ability to match the inevitable salary bump to 190?

[Anonymous User]

That feel when you only bill 2199 hours

Better than my firm. 1950 = Bonus; 1949= NOTHING; 2950 = Same Bonus

[Anonymous User]

How well does this bonus scheme works to incentivize more billable hours? I bet many will feel like taking it easy after 2000 hours

[El Pollito]

How well does this bonus scheme works to incentivize more billable hours? I bet many will feel like taking it easy after 2000 hours

idk where people get the impression that you can decide how many hours to work

[Anonymous User]

How well does this bonus scheme works to incentivize more billable hours? I bet many will feel like taking it easy after 2000 hours

idk where people get the impression that you can decide how many hours to work

I didn't say an associate can decide how many hours he or she will work.. but you can certainly decide when to act like you hands are filled (I guess this depends on how the assigning system works) and other subtle methods for avoiding work.. not that this is a good long term strategy but not everyone wants to stay in big law more than a few years

[JamMasterJ]

So does anyone actually bill under 2000 hours at FF? If so, do those people actually still have jobs after the firm realizes that they billed under 2000 for a whole year?

ETA: how do you think this signals FF's ability to match the inevitable salary bump to 190?

Many litigators are right around there

[El Pollito]

How well does this bonus scheme works to incentivize more billable hours? I bet many will feel like taking it easy after 2000 hours

idk where people get the impression that you can decide how many hours to work

I didn't say an associate can decide how many hours he or she will work.. but you can certainly decide when to act like you hands are filled (I guess this depends on how the assigning system works) and other subtle methods for avoiding work.. not that this is a good long term strategy but not everyone wants to stay in big law more than a few years

not really, partners can see your hours and at some firms everyone can see your hours

[Anonymous User]

Fwiw those numbers don't necessarily mean billable hours only. They include pro bono (and you can do a ton of pro bono here), for instance.

[fats provolone]

Fwiw those numbers don't necessarily mean billable hours only. They include pro bono (and you can do a ton of pro bono here), for instance.

pro bono is just billable work with more padding

[El Pollito]

Fwiw those numbers don't necessarily mean billable hours only. They include pro bono (and you can do a ton of pro bono here), for instance.

pro bono is just billable work with more padding

billable work that no one really wants you to do

[Saddle Up]

maybe I missed it. How much is the full bonus? What does an associate with 2,000 hours (full bonus) receive?

Also, curious on how much a first year associate at this firm receives as their regular salary.

[RaceJudicata]

Also, curious on how much a first year associate at this firm receives as their regular salary.

Starting next fall, 190k. Now, a measly 160k