Law School Discussion Forums
https://www.top-law-schools.com/forums/
https://www.top-law-schools.com/forums/viewtopic.php?f=23&t=307702
OP here, that's how it worked at my first firm. I'm more than a bit irritated about this. I guess I should have asked, but I didn't know this was something that varied by firm.Anonymous User wrote: ↑Mon Nov 23, 2020 7:25 pmThere is no such bonus proration for parental leave at my V10 (but hours target is prorated).
I thought that was how it worked at my V30 but was pleasantly surprised to find out that bonus isn't prorated if you hit prorated target hours.Anonymous User wrote: ↑Mon Nov 23, 2020 6:56 pmI took parental leave this year and apparently my bonus is prorated based on that (i.e. if you take 2 months, you get 5/6 the bonus, etc.). I guess, I was a bit surprised by that. Is this how it works at other firms?
This basically matches my understanding as well and have come to see it as a distinction between the true top ranked firms (almost bragging about how lock-step they are) and rest of v50/v100 (bonus has a billable hour requirement and can get pro rated for leaves). I think it actually adds up quite a bit; you might be surprised how many associates have a leave of some sorts in a given year, or spread over their years at a firm.objctnyrhnr wrote: ↑Tue Nov 24, 2020 8:30 amTo my knowledge, this is how it occurs at most, but not all, v50s. As far as I have heard, Morgan Lewis is the lowest ranked firm to do it in the more favorable way for the associates.
Either they pro rate down both target and bonus, or they only pro rate target down, or they just give you 40 or so billable equivalent hours for every week you’re out. Those are the three ways I’ve heard of it done, with the latter two being most favorable for associates and the first one being better for the firm of course.