2015 Biglaw Boneus Thread Forum

smaug · Post by **smaug** » Thu Dec 10, 2015 3:40 pm

enibs wrote:
mvp99 wrote:Are you a partner?
I'm not inclined to identify myself, so feel free to draw your own conclusions. I do think the view I expressed, of which you highlighted only part, is widely shared by partners and senior associates alike, recognizing that senior associates may not be entirely impartial on the topic.

Just to be clear, I was not intending to comment on the question of whether associates as a whole are overpaid or underpaid. I tend to believe that everyone deserves to be paid as much as they can get. My point was much narrower, namely that in general, for any given level of aggregate associate compensation, the current compensation structure allocates a share of the pie to junior associates that is proportionately higher than their relative value to the firm, and allocates a share of the pie to senior associates that is proportionately lower than their relative value to the firm. And I was making that point only in the context of idle speculation as to what DPW might do if it decided to raise associate compensation, with the caveat that I don't think DPW is going to raise associate compensation at all, as I don't think current market conditions give them the incentive to do so.

In any event, we'll find out the answer soon enough.

Me too, thanks

phonepro · Post by **phonepro** » Thu Dec 10, 2015 3:40 pm

mvp99 wrote:
anonnymouse wrote:
phonepro wrote:
Big Shrimpin wrote:yeah it's borderline unprofessional at this point

as I've said in the past, people have fucking expectations and rely on this portion of discretionary (eh, more like deferred variable) compensation

tso inconsiderate
I honestly think they may have plans of doing something differently.

Does anyone know historically how quickly DPW responded to Cravath or others announcing first. Not last year when they topped the market (i think it took 4 days), but in the past when they always matched.
Seems like they have matched about two weeks after Cravath announced, usually right after S&C announces a match.
OMG Bonus to 30k first year + NYC to 190k!!

WE DID IT!

Anonymous User · Post by **Anonymous User** » Thu Dec 10, 2015 3:45 pm

DPW just matched. Le sigh.

Anonymous User · Post by **Anonymous User** » Thu Dec 10, 2015 3:47 pm

What is happening??

Big Shrimpin · Post by **Big Shrimpin** » Thu Dec 10, 2015 3:53 pm

Anonymous User wrote:DPW just matched. Le sigh.

lolz

it over

Monochromatic Oeuvre · Post by **Monochromatic Oeuvre** » Thu Dec 10, 2015 4:08 pm

Meanwhile, Boies associates pick up their new 7 Series from the dealership while you think about your ding and sigh deeply in your Kia: http://abovethelaw.com/2015/12/associat ... 50k-again/

jbagelboy · Post by **jbagelboy** » Thu Dec 10, 2015 4:20 pm

So here we are. It all comes down to the shoulder bags. I'm not normally a superstitious guy, but I'm wearing mine logo facing out tonight.

rahulg91 · Post by **rahulg91** » Thu Dec 10, 2015 4:28 pm

jbagelboy wrote:So here we are. It all comes down to the shoulder bags. I'm not normally a superstitious guy, but I'm wearing mine logo facing out tonight.

STB already matched?

anonnymouse · Post by **anonnymouse** » Thu Dec 10, 2015 4:29 pm

rahulg91 wrote:
jbagelboy wrote:So here we are. It all comes down to the shoulder bags. I'm not normally a superstitious guy, but I'm wearing mine logo facing out tonight.
STB matched already matched?

Know your meme, duder. Shoulder bags with logos out is S&C copypasta.

rahulg91 · Post by **rahulg91** » Thu Dec 10, 2015 4:31 pm

anonnymouse wrote:
rahulg91 wrote:
jbagelboy wrote:So here we are. It all comes down to the shoulder bags. I'm not normally a superstitious guy, but I'm wearing mine logo facing out tonight.
STB matched already matched?
Know your meme, duder. Shoulder bags with logos out is S&C copypasta.

I'm aware, just asking if S&C is the last firm left. Couldn't STB also move the scale?

Br3v · Post by **Br3v** » Thu Dec 10, 2015 4:32 pm

jbagelboy wrote:So here we are. It all comes down to the shoulder bags. I'm not normally a superstitious guy, but I'm wearing mine logo facing out tonight.

Lol

Big Shrimpin · Post by **Big Shrimpin** » Thu Dec 10, 2015 4:33 pm

boned

Tiago Splitter · Post by **Tiago Splitter** » Thu Dec 10, 2015 5:01 pm

rahulg91 wrote:
anonnymouse wrote:
rahulg91 wrote:
jbagelboy wrote:So here we are. It all comes down to the shoulder bags. I'm not normally a superstitious guy, but I'm wearing mine logo facing out tonight.
STB matched already matched?
Know your meme, duder. Shoulder bags with logos out is S&C copypasta.
I'm aware, just asking if S&C is the last firm left. Couldn't STB also move the scale?

shoulder bag is the last best hope

bowser · Post by **bowser** » Thu Dec 10, 2015 5:06 pm

From my school probably 4 out of 5 people with offers from Boies and DPW take DPW. We're sheep! SHEEP!

Big Shrimpin · Post by **Big Shrimpin** » Thu Dec 10, 2015 5:10 pm

this sucks

phonepro · Post by **phonepro** » Thu Dec 10, 2015 5:57 pm

The tone of the DPW e-mail is not good. Basically our clients are struggling, be grateful we gave you this bonus, give it to charity. While last year's was extremely celebratory - we are the best, our clients are the best, make it rainnnnnnn. Weird.

NY to 190 = no.

The tone leaving open bonuses next year decreasing = yes.

Big Shrimpin · Post by **Big Shrimpin** » Thu Dec 10, 2015 6:03 pm

phonepro wrote:The tone of the DPW e-mail is not good. Basically our clients are struggling, be grateful we gave you this bonus, give it to charity. While last year's was extremely celebratory - we are the best, our clients are the best, make it rainnnnnnn. Weird.

NY to 190 = no.

The tone leaving open bonuses next year decreasing = yes.

meanwhile PPP at all time highs

this profession is the fcking WORST

Anonymous User · Post by **Anonymous User** » Thu Dec 10, 2015 6:07 pm

anonnymouse · Post by **anonnymouse** » Thu Dec 10, 2015 6:15 pm

OK annual bone us season is a wrap. Let's move on to the Spring Bonus discussion.

Who will kick it off this year? My (NOBONUS) money is on STB.

Nekrowizard · Post by **Nekrowizard** » Thu Dec 10, 2015 6:26 pm

bowser wrote:From my school probably 4 out of 5 people with offers from Boies and DPW take DPW. We're sheep! SHEEP!

Those Boies bonuses can't buy you any of the V5 preftige you so desperately crave.

Monochromatic Oeuvre · Post by **Monochromatic Oeuvre** » Thu Dec 10, 2015 6:38 pm

2014 DPW Bonus Memo wrote:We are writing to you again today to thank you for maintaining that superb level of performance, positioning us very nicely for 2015, and to thank you more tangibly with announcement of our 2014 associate bonuses.

2015 Memo wrote:At this time, please do think about our clients whose loyalty to us enables our firm’s success and your development and who, in some cases, are facing very difficult business and market conditions.

Anonymous User · Post by **Anonymous User** » Thu Dec 10, 2015 6:48 pm

I'm Corporate at one of the Fab Five or whatever in NYC:

2015 was on pace to be busier than 2014 until fall, when markets went weird. Work slowed down significantly. I think it's just a hiccup and things will proceed apace soon. But gave excuse for comments like DPW made about clients facing difficulties, etc.

dixiecupdrinking · Post by **dixiecupdrinking** » Thu Dec 10, 2015 9:52 pm

I don't even get the notion behind saying "here's a bonus, please think of our clients' poor market environments." What?

El Pollito · Post by **El Pollito** » Thu Dec 10, 2015 10:02 pm

who knew it would be bone us then blame the victim

top notch performance dpw

Diplock1 · Post by **Diplock1** » Thu Dec 10, 2015 10:03 pm

dixiecupdrinking wrote:I don't even get the notion behind saying "here's a bonus, please think of our clients' poor market environments." What?

"This bonus is purely the result of the generosity of The Partnership"

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