In-House: Bonus Typically Pro-rated? Forum

(On Campus Interviews, Summer Associate positions, Firm Reviews, Tips, ...)
Forum rules
Anonymous Posting

Anonymous posting is only appropriate when you are revealing sensitive employment related information about a firm, job, etc. You may anonymously respond on topic to these threads. Unacceptable uses include: harassing another user, joking around, testing the feature, or other things that are more appropriate in the lounge.

Failure to follow these rules will get you outed, warned, or banned.
Anonymous User
Posts: 432785
Joined: Tue Aug 11, 2009 9:32 am

In-House: Bonus Typically Pro-rated?

Post by Anonymous User » Thu Mar 26, 2020 11:59 am

Hi,

In your experience, has your bonus your first year in-house been pro-rated? I assume this depends in part on start date, so if you’re providing anecdotal evidence, would appreciate it if you provided the month you started as well.

TIA!

Anonymous User
Posts: 432785
Joined: Tue Aug 11, 2009 9:32 am

Re: In-House: Bonus Typically Pro-rated?

Post by Anonymous User » Thu Mar 26, 2020 12:10 pm

I recently took an in-house role at the end of January and my 1st year bonus will be prorated. Bonuses for the prior year are paid out in February of the following year. So my bonus for 2020 will be paid out in February 2021, though prorated down for 11 months since I joined end of January.

Anonymous User
Posts: 432785
Joined: Tue Aug 11, 2009 9:32 am

Re: In-House: Bonus Typically Pro-rated?

Post by Anonymous User » Thu Mar 26, 2020 1:29 pm

Mine was also pro-rated. I don't think they are stiffing you. I started in late november. got 1/12 of my bonus.

User avatar
nealric

Moderator
Posts: 4397
Joined: Fri Sep 25, 2009 9:53 am

Re: In-House: Bonus Typically Pro-rated?

Post by nealric » Thu Mar 26, 2020 1:37 pm

Mine was prorated, but I only worked two months of my first year. No performance ratings were given for workers that had not been there before-mid year, so it was just prorated target bonus. This sort of thing will vary widely between companies.

User avatar
trebekismyhero

Silver
Posts: 1095
Joined: Fri May 22, 2015 5:26 pm

Re: In-House: Bonus Typically Pro-rated?

Post by trebekismyhero » Thu Mar 26, 2020 3:07 pm

Mine was pro-rated as well to when I joined and same as nealric, no performance reviews for employees that start after mid-year

Want to continue reading?

Register now to search topics and post comments!

Absolutely FREE!


mongeese

New
Posts: 8
Joined: Thu Dec 19, 2019 12:02 pm

Re: In-House: Bonus Typically Pro-rated?

Post by mongeese » Thu Mar 26, 2020 4:00 pm

Mine is prorated and most in-house ppl I know also had prorated bonuses based on when they started.

Anonymous User
Posts: 432785
Joined: Tue Aug 11, 2009 9:32 am

Re: In-House: Bonus Typically Pro-rated?

Post by Anonymous User » Thu Mar 26, 2020 4:40 pm

Everything is negotiable, mine was pro-rated but negotiated additional sign on stock comp with the foregone law firm bonus argument.

If you are coming into a company that hires like one lawyer a year, probably easier to negotiate than like Amazon.

dedede

New
Posts: 20
Joined: Tue Oct 28, 2008 11:05 pm

Re: In-House: Bonus Typically Pro-rated?

Post by dedede » Mon Mar 30, 2020 1:13 am

Mine was prorated, as are the bonuses for everyone else who joins our company midyear. I was hired in July.

Anonymous User
Posts: 432785
Joined: Tue Aug 11, 2009 9:32 am

Re: In-House: Bonus Typically Pro-rated?

Post by Anonymous User » Mon Mar 30, 2020 1:28 pm

Worked at three in-house jobs:

First (hired in Q3) - bonus prorated, but got "sign-on" bonus to make up difference
Second (started right at YE) - moot issue
Third (hired in Q2) - negotiated no bonus proration, in addition to sign-on.

As others said, everything's up for negotiation, and worse they can do is say no. In the last instance, I did raise it after the numbers had been hashed out, but before offer letter was sent so it was more a part of the negotiations, rather than a counter-offer.

Want to continue reading?

Register for access!

Did I mention it was FREE ?


Anonymous User
Posts: 432785
Joined: Tue Aug 11, 2009 9:32 am

Re: In-House: Bonus Typically Pro-rated?

Post by Anonymous User » Tue Mar 31, 2020 12:25 am

Anonymous User wrote:Worked at three in-house jobs:

First (hired in Q3) - bonus prorated, but got "sign-on" bonus to make up difference
Second (started right at YE) - moot issue
Third (hired in Q2) - negotiated no bonus proration, in addition to sign-on.

As others said, everything's up for negotiation, and worse they can do is say no. In the last instance, I did raise it after the numbers had been hashed out, but before offer letter was sent so it was more a part of the negotiations, rather than a counter-offer.
Thanks for this- if you don’t mind me asking, can you let us know how senior you were when lateraling to these positions?

ajax

Bronze
Posts: 292
Joined: Thu Jul 28, 2011 9:33 pm

Re: In-House: Bonus Typically Pro-rated?

Post by ajax » Tue Mar 31, 2020 11:36 am

Mine was prorated.

Register now!

Resources to assist law school applicants, students & graduates.

It's still FREE!


Post Reply Post Anonymous Reply  

Return to “Legal Employment”