2017 (Preview) Bonus Thread Forum

[Anonymous User]

Stb matched

Davis polk, you are our last hope for a happy holidays...

(Not gonna happen tho)

[anonnymouse]

Stb matched

Davis polk, you are our last hope for a happy holidays...

(Not gonna happen tho)

Definitely no hope but I'm not disappointed. Static bonuses with salary raises are pretty solid in my book. Especially at the mid and senior levels where salary bumps were $25k and up.

[Anonymous User]

Given that the emails announcing bonuses are usually sent to all associates, how does each associate work out if he/she is getting the bonus? I'm a 2nd year and will probably be less than 50 hours short of my firm's cutoff, but apparently they sometimes use discretion if you're close.

[Abbie Doobie]

Given that the emails announcing bonuses are usually sent to all associates, how does each associate work out if he/she is getting the bonus? I'm a 2nd year and will probably be less than 50 hours short of my firm's cutoff, but apparently they sometimes use discretion if you're close.

the firm usually sends out (either by mail or email) individual letters to the associates telling them what their bonuses will be

[lawlorbust]

Milbank matched.

Semi-obnoxious, given that the chairman of the firm just gave a "state of the firm" address this month in which he commented on Milbank's amazing year so far (better than most firms, I believe he said).

Milbank will never be a market leader. They are very clear about that. If you thought otherwise you're taking crazy pills.

This. C'mon, it's Milbank.

[Anonymous User]

Anybody know if market shattering brownies are back expected to be back?

[anonnymouse]

Anybody know if market shattering brownies are back expected to be back?

KE usually announces a week or two after.

I can't wait to see QE's announcement. The headline will be that QE beats market but the detailed matrix will show that you get market bonus at 2200-2399, an extra $5k for 2400-2699 and extra $10k for 2700+ (plus a free pair of flip flops).

[Anonymous User]

Anybody know if market shattering brownies are back expected to be back?

KE usually announces a week or two after.

I can't wait to see QE's announcement. The headline will be that QE beats market but the detailed matrix will show that you get market bonus at 2200-2399, an extra $5k for 2400-2699 and extra $10k for 2700+ (plus a free pair of flip flops).

lol. nailed it.

[Anonymous User]

Looks like a lot of firms that have announced so far are paying stub year bonuses (prorated). I thought this was relatively uncommon?

[Greenandgold]

Looks like a lot of firms that have announced so far are paying stub year bonuses (prorated). I thought this was relatively uncommon?

Nope, it's been that way since at least 2012.

If you google "Biglaw bonus 201X," the first result is always the ATL page announcing bonuses for that year, and you can see that this has been happening for a while.

[Anonymous User]

Looks like a lot of firms that have announced so far are paying stub year bonuses (prorated). I thought this was relatively uncommon?

Nope, it's been that way since at least 2012.

If you google "Biglaw bonus 201X," the first result is always the ATL page announcing bonuses for that year, and you can see that this has been happening for a while.

My understanding is that, by and large, NYC-based firms pay stub year bonuses but do not give first-years a signing bonus (only a salary advance over the summer before they start). OTOH, west coast firms like Gibson don't give stub year bonuses but do give signing bonuses as opposed to salary advances.

[Anonymous User]

Could some post a sum of linklaters and fried frank bonus scale? Law360 said the exceeded cravath but it could be click bait

[Anonymous User]

Covington matched in all US offices.

[Anonymous User]

Looks like a lot of firms that have announced so far are paying stub year bonuses (prorated). I thought this was relatively uncommon?

Nope, it's been that way since at least 2012.

If you google "Biglaw bonus 201X," the first result is always the ATL page announcing bonuses for that year, and you can see that this has been happening for a while.

My understanding is that, by and large, NYC-based firms pay stub year bonuses but do not give first-years a signing bonus (only a salary advance over the summer before they start). OTOH, west coast firms like Gibson don't give stub year bonuses but do give signing bonuses as opposed to salary advances.

GDC gives stub bonuses in addition to the $13.3K stipend/signing bonus it gives to first years.

[Anonymous User]

Anyone know what the deal is with Morgan Lewis? ATL article said associates expecting lower than market bonuses, but wondering if that is true since Dechert gave market bonuses.

[Anonymous User]

So it's a week after every other major firm announced--where are S&C's bonuses??

[anonnymouse]

So it's a week after every other major firm announced--where are S&C's bonuses??

Well, maybe if you had worn your duffle bag with logo facing OUT you wouldn't be having this NOBONUS problem, would you?

[rahulg91]

Cahill: http://abovethelaw.com/2016/12/biglaw-f ... l-bonuses/

[Anonymous User]

Anyone know how prorated bonuses during stubyear works? if you don't meet the hours exactly, no bonus? Im busy but Thanksgiving and training activities took up a chunk of time. clueless new associate here.

[smaug]

Anyone know how prorated bonuses during stubyear works? if you don't meet the hours exactly, no bonus? Im busy but Thanksgiving and training activities took up a chunk of time. clueless new associate here.

You'll be prorated by number of weeks worked, not hours, generally.

[Anonymous User]

How do stub years coming off a clerkship as a second year generally work for bonuses?

[Anonymous User]

Cahill: http://abovethelaw.com/2016/12/biglaw-f ... l-bonuses/

Cravath associates don't even get their picture up on the firm's website

[2014]

How do stub years coming off a clerkship as a second year generally work for bonuses?

Same bonus as a stub year, e.g. like $1500 post-tax

[Anonymous User]

How do stub years coming off a clerkship as a second year generally work for bonuses?

Same bonus as a stub year, e.g. like $1500 post-tax

Also curious about this.

You'd get the same bonus as a first year stub? Not your class year? What if you are coming to the firm after two clerkships, as a third year? Are you sure it wouldn't just be a pro-rated share of the typical third year associate bonus?

[RaceJudicata]

How do stub years coming off a clerkship as a second year generally work for bonuses?

Same bonus as a stub year, e.g. like $1500 post-tax

Also curious about this.

You'd get the same bonus as a first year stub? Not your class year? What if you are coming to the firm after two clerkships, as a third year? Are you sure it wouldn't just be a pro-rated share of the typical third year associate bonus?

The person asking stated they were a second year - first year and second year bonus amounts are same. I'm sure same logic applies to 3rd years.