Lockstep bonus firms in non-NY markets Forum

31415926 · Post by **31415926** » Wed Mar 23, 2016 2:31 pm

Is there a source or list anywhere that lists what major firms in non-NY markets follow the Cravath lockstep bonus scale? Specifically interested in SF and DC.

First Offense · Post by **First Offense** » Wed Mar 23, 2016 2:39 pm

I mean - you'll probably have to hunt down the info on AtL. Some NY firms have a "one firm" approach so their DC/SF/secondary market offices pay NYC rates. Not many non-NY-centered firms have the same approach, although I think a few DC firms may be moving toward NY market?

sundance95 · Post by **sundance95** » Thu Mar 24, 2016 7:04 pm

Latham SF and Gibson SF do this.

Anonymous User · Post by **Anonymous User** » Thu Mar 24, 2016 9:39 pm

sundance95 wrote:Latham SF and Gibson SF do this.

Same with MoFo and Orrick.

Anonymous User · Post by **Anonymous User** » Thu Mar 24, 2016 10:42 pm

Covington just announced this policy.

Anonymous User · Post by **Anonymous User** » Thu Mar 24, 2016 10:46 pm

Anyone know about Boston firms? I assume Ropes/Goodwin/Wilmer are somewhere around market? What about the other local big firms that start at $160 like Choate/Mintz/foley hoag? Are they anywhere close to NY market?

BlackAndOrange84 · Post by **BlackAndOrange84** » Thu Mar 24, 2016 10:58 pm

Anonymous User wrote:Covington just announced this policy.

Is there an hours requirement?

Anonymous User · Post by **Anonymous User** » Fri Mar 25, 2016 12:03 am

BlackAndOrange84 wrote:
Anonymous User wrote:Covington just announced this policy.
Is there an hours requirement?

Believe it's 1950 (including pro bono etc.). Likely with some case by case leeway.

BlackAndOrange84 · Post by **BlackAndOrange84** » Fri Mar 25, 2016 12:27 am

Anonymous User wrote:
BlackAndOrange84 wrote:
Anonymous User wrote:Covington just announced this policy.
Is there an hours requirement?
Believe it's 1950 (including pro bono etc.). Likely with some case by case leeway.

Thanks for the info.

rpupkin · Post by **rpupkin** » Fri Mar 25, 2016 12:47 am

sundance95 wrote:Latham SF and Gibson SF do this.

When SF associates work NYC hours, it's easier to justify paying NYC-market bonuses.

Speaking of that kind of thing, I'm pretty sure that the Bay Area offices of KE and QE pay their associates the same bonuses that their NYC associates get--which is above-market in the case of KE and slightly-above-market in the case of QE.

DELG · Post by **DELG** » Fri Mar 25, 2016 9:59 am

Huh, don't most DC offices of NY firms still pay the bonus if your hours qualify you?

Anonymous User · Post by **Anonymous User** » Fri Mar 25, 2016 11:35 am

Milbank does lockstep with no hours requirement. No SF office, tho. Only DC.

rpupkin · Post by **rpupkin** » Fri Mar 25, 2016 12:08 pm

DELG wrote:Huh, don't most DC offices of NY firms still pay the bonus if your hours qualify you?

That's my impression, yes. The other major markets (Chi, LA, SF) are a little more hit-or-miss. But even in those cities, most firms pay associates according to the same bonus scale that they use for their NYC associates.

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