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Fried Frank New Bonus Policy

Posted: Tue Oct 20, 2015 11:39 pm
by Anonymous User

Re: Fried Frank New Bonus Policy

Posted: Wed Oct 21, 2015 12:42 am
by Mack.Hambleton
That feel when you only bill 2199 hours

Re: Fried Frank New Bonus Policy

Posted: Wed Oct 21, 2015 12:48 am
by nerd1
Mack.Hambleton wrote:That feel when you only bill 2199 hours
Mark.Hambleton, aren't you a 1L bro?

Re: Fried Frank New Bonus Policy

Posted: Wed Oct 21, 2015 1:12 am
by Mack.Hambleton
nerd1 wrote:
Mack.Hambleton wrote: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

Re: Fried Frank New Bonus Policy

Posted: Wed Oct 21, 2015 1:17 am
by Johann
Mack.Hambleton wrote:That feel when you only bill 2199 hours
That feel when you bill 2700 hours - $$$$$$
Just kidding you ant to kill yourself.

Re: Fried Frank New Bonus Policy

Posted: Wed Oct 21, 2015 1:21 am
by 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?

Re: Fried Frank New Bonus Policy

Posted: Wed Oct 21, 2015 1:30 am
by Anonymous User
Mack.Hambleton wrote:That feel when you only bill 2199 hours
Better than my firm. 1950 = Bonus; 1949= NOTHING; 2950 = Same Bonus

Re: Fried Frank New Bonus Policy

Posted: Wed Oct 21, 2015 3:02 am
by 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

Re: Fried Frank New Bonus Policy

Posted: Wed Oct 21, 2015 3:20 am
by El Pollito
Anonymous User wrote: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

Re: Fried Frank New Bonus Policy

Posted: Wed Oct 21, 2015 3:45 am
by Anonymous User
El Pollito wrote:
Anonymous User wrote: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

Re: Fried Frank New Bonus Policy

Posted: Wed Oct 21, 2015 9:57 am
by JamMasterJ
Chrstgtr wrote: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

Re: Fried Frank New Bonus Policy

Posted: Wed Oct 21, 2015 10:25 am
by El Pollito
Anonymous User wrote:
El Pollito wrote:
Anonymous User wrote: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

Re: Fried Frank New Bonus Policy

Posted: Thu Oct 22, 2015 7:53 am
by 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.

Re: Fried Frank New Bonus Policy

Posted: Thu Oct 22, 2015 1:13 pm
by fats provolone
Anonymous User wrote: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

Re: Fried Frank New Bonus Policy

Posted: Thu Oct 22, 2015 1:19 pm
by El Pollito
fats provolone wrote:
Anonymous User wrote: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

Re: Fried Frank New Bonus Policy

Posted: Fri Oct 23, 2015 3:13 pm
by 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.

Re: Fried Frank New Bonus Policy

Posted: Fri Oct 23, 2015 3:33 pm
by RaceJudicata
Saddle Up wrote: 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