Kirkland Bonuses? Forum

[Anonymous User]

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[Anonymous User]

Any lateral associates in this thread?

I got my comp memo but it’s silent on bonus, which is guaranteed per my offer letter. Is it usual for the memo to be silent but funds still paid?

Also a lateral, also was told I'd "be eligible for" the full bonus even though I was entering once the firm's billable year had already begun. Was told that the "eligible for" caveat just meant I needed to be in good standing, etc. The letter I got today was not consistent with that and I emailed the link provided in the cover email to ask what happened. May just have been an oversight by someone who forgot to coordinate with the lateral recruitment office. If not, then, well..

[Anonymous User]

Any lateral associates in this thread?

I got my comp memo but it’s silent on bonus, which is guaranteed per my offer letter. Is it usual for the memo to be silent but funds still paid?

The year I lateraled my bonus was still in my comp memo, so you should probably ask.

[Anonymous User]

Deleted

[Anonymous User]

Deleted

[Anonymous User]

Is the merit bonus $5,000 for all class years? Would’ve thought it’d be $10,000 lame

[Anonymous User]

Is the merit bonus $5,000 for all class years? Would’ve thought it’d be $10,000 lame

2500 if you got a 3.

[Anonymous User]

Is the merit bonus $5,000 for all class years? Would’ve thought it’d be $10,000 lame

2500 if you got a 3.

And is it $5,000 more at 2,000 and for every 100 hours after that?

[Anonymous User]

Is the merit bonus $5,000 for all class years? Would’ve thought it’d be $10,000 lame

2500 if you got a 3.

And is it $5,000 more at 2,000 and for every 100 hours after that?

$2k hour bonus at 2000 hours. Every 100 hours after that is $1000.

[Anonymous User]

Is the merit bonus $5,000 for all class years? Would’ve thought it’d be $10,000 lame

2500 if you got a 3.

And is it $5,000 more at 2,000 and for every 100 hours after that?

$2k hour bonus at 2000 hours. Every 100 hours after that is $1000.

No way wow. That’s so crappy, I find it hard to believe.

[Anonymous User]

Forthose wondering about laterals - I’m a lateral NSP and had market bonus guaranteed in my offer letter, and my memo included bonus. 1.25, below 2000 annualized

[Anonymous User]

Forthose wondering about laterals - I’m a lateral NSP and had market bonus guaranteed in my offer letter, and my memo included bonus. 1.25, below 2000 annualized

[Anonymous User]

Any lateral associates in this thread?

I got my comp memo but it’s silent on bonus, which is guaranteed per my offer letter. Is it usual for the memo to be silent but funds still paid?

Also a lateral, also was told I'd "be eligible for" the full bonus even though I was entering once the firm's billable year had already begun. Was told that the "eligible for" caveat just meant I needed to be in good standing, etc. The letter I got today was not consistent with that and I emailed the link provided in the cover email to ask what happened. May just have been an oversight by someone who forgot to coordinate with the lateral recruitment office. If not, then, well..

Same here. Was your offer letter silent?

[Anonymous User]

Any lateral associates in this thread?

I got my comp memo but it’s silent on bonus, which is guaranteed per my offer letter. Is it usual for the memo to be silent but funds still paid?

Also a lateral, also was told I'd "be eligible for" the full bonus even though I was entering once the firm's billable year had already begun. Was told that the "eligible for" caveat just meant I needed to be in good standing, etc. The letter I got today was not consistent with that and I emailed the link provided in the cover email to ask what happened. May just have been an oversight by someone who forgot to coordinate with the lateral recruitment office. If not, then, well..

Same here. Was your offer letter silent?

Yeah, they sent me the assurance in writing by email, and at the time I didn't think to ask them to re-write the offer letter itself.

[Anonymous User]

Lateral here - had my bonus guaranteed in the offer letter. Got the full bonus for my class year in the memo.

[Anonymous User]

Any lateral associates in this thread?

I got my comp memo but it’s silent on bonus, which is guaranteed per my offer letter. Is it usual for the memo to be silent but funds still paid?

Also a lateral, also was told I'd "be eligible for" the full bonus even though I was entering once the firm's billable year had already begun. Was told that the "eligible for" caveat just meant I needed to be in good standing, etc. The letter I got today was not consistent with that and I emailed the link provided in the cover email to ask what happened. May just have been an oversight by someone who forgot to coordinate with the lateral recruitment office. If not, then, well..

IDK, I read eligible as "we might decide to give you the full bonus, we might not". Other offer letters specifically guarantee full bonus. Big difference between eligible and guarantee.

[Anonymous User]

Any lateral associates in this thread?

I got my comp memo but it’s silent on bonus, which is guaranteed per my offer letter. Is it usual for the memo to be silent but funds still paid?

Also a lateral, also was told I'd "be eligible for" the full bonus even though I was entering once the firm's billable year had already begun. Was told that the "eligible for" caveat just meant I needed to be in good standing, etc. The letter I got today was not consistent with that and I emailed the link provided in the cover email to ask what happened. May just have been an oversight by someone who forgot to coordinate with the lateral recruitment office. If not, then, well..

Same here. Was your offer letter silent?

Yeah, they sent me the assurance in writing by email, and at the time I didn't think to ask them to re-write the offer letter itself.

Last year I know a lateral who's memo was silent but still got the full bonus payment - but their offer letter guaranteed bonus. Hope and pray for the 30th?

[Anonymous User]

Kirkland having its billable year end in August creates uncertainty for laterals who join between 9/1 and 12/31. For those people, their offer letter may guarantee a bonus for a billable year that already ended and leave uncertain the next calendar year’s bonus.

[Anonymous User]

Is the merit bonus $5,000 for all class years? Would’ve thought it’d be $10,000 lame

2500 if you got a 3.

And is it $5,000 more at 2,000 and for every 100 hours after that?

$2k hour bonus at 2000 hours. Every 100 hours after that is $1000.

No way wow. That’s so crappy, I find it hard to believe.

Well I'm at a Cravath-paying firm and I billed 2550 and got exactly Cravath. Yay.

[Dr Tobias Funke]

So instead of the black box multiples, they moved to

market + ($2k for hitting 2000 hours) + ($1k for every additional 100 hours)? So the Kirkland shatters bonus for 2400 hours would be $6k?

That can't be right.

[Anonymous User]

I guess as a person at another V10, for all the sturm und drang about Kirkland (the huge growth, the A-list partner poaching, the culture, blah blah), the bonuses end up beating my firm by like 10% or less for most people? Which comes out to like 2-3% as measured from total compensation?

[Anonymous User]

Is the merit bonus $5,000 for all class years? Would’ve thought it’d be $10,000 lame

2500 if you got a 3.

And is it $5,000 more at 2,000 and for every 100 hours after that?

$2k hour bonus at 2000 hours. Every 100 hours after that is $1000.

No way wow. That’s so crappy, I find it hard to believe.

Well I'm at a Cravath-paying firm and I billed 2550 and got exactly Cravath. Yay.

How do you bill 2550 hours without really wanting to and not caring about the money/time ratio? I mean it can't be that hard to either turn down new work or lateral away. If I'm billing 2550 hours it better be a 2x bonus or whatever.

[Anonymous User]

Is the merit bonus $5,000 for all class years? Would’ve thought it’d be $10,000 lame

2500 if you got a 3.

And is it $5,000 more at 2,000 and for every 100 hours after that?

$2k hour bonus at 2000 hours. Every 100 hours after that is $1000.

No way wow. That’s so crappy, I find it hard to believe.

Well I'm at a Cravath-paying firm and I billed 2550 and got exactly Cravath. Yay.

How do you bill 2550 hours without really wanting to and not caring about the money/time ratio? I mean it can't be that hard to either turn down new work or lateral away. If I'm billing 2550 hours it better be a 2x bonus or whatever.

The promise of partnership I suppose

[Wanderingdrock]

So instead of the black box multiples, they moved to

market + ($2k for hitting 2000 hours) + ($1k for every additional 100 hours)? So the Kirkland shatters bonus for 2400 hours would be $6k?

That can't be right.

That's the most reasonable way to read most of the discussion so far, but a comment a couple of pages back makes me think the "merit" bonus is independent of the multiplier....? Maybe.

[Dr Tobias Funke]

So instead of the black box multiples, they moved to

market + ($2k for hitting 2000 hours) + ($1k for every additional 100 hours)? So the Kirkland shatters bonus for 2400 hours would be $6k?

That can't be right.

That's the most reasonable way to read most of the discussion so far, but a comment a couple of pages back makes me think the "merit" bonus is independent of the multiplier....? Maybe.

Really weird that no one has chimed in yet with a better explanation. In years past there would be 4 pages of posts comparing hours/years/ratings with clear explanations of multipliers and total bonus by now. Kirkland, are you ok?!