2021 Special Bonuses
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2021 Special Bonuses
- Monochromatic Oeuvre
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Same at K&E. Also bleeding midlevels.Anonymous User wrote: ↑Fri Mar 19, 2021 1:02 pmcleary corporate is comically understaffed. i am done if we don't match this
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Interesting -- I did hear that K&E is hiring in all practice areas. What's causing so many people to leave?MillllerTime wrote: ↑Fri Mar 19, 2021 1:46 pmSame at K&E. Also bleeding midlevels.Anonymous User wrote: ↑Fri Mar 19, 2021 1:02 pmcleary corporate is comically understaffed. i am done if we don't match this
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It’s a toxic place to work.Anonymous User wrote: ↑Fri Mar 19, 2021 1:52 pmInteresting -- I did hear that K&E is hiring in all practice areas. What's causing so many people to leave?MillllerTime wrote: ↑Fri Mar 19, 2021 1:46 pmSame at K&E. Also bleeding midlevels.Anonymous User wrote: ↑Fri Mar 19, 2021 1:02 pmcleary corporate is comically understaffed. i am done if we don't match this
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The workload is painfully crushing right now at K&E in every corporate and corp-adjacent practice group. It is just not worth the hit to your mental health to work this much and be available all the time. Think we will see even more defections if no special bonuses announced...Anonymous User wrote: ↑Fri Mar 19, 2021 1:52 pmInteresting -- I did hear that K&E is hiring in all practice areas. What's causing so many people to leave?MillllerTime wrote: ↑Fri Mar 19, 2021 1:46 pmSame at K&E. Also bleeding midlevels.Anonymous User wrote: ↑Fri Mar 19, 2021 1:02 pmcleary corporate is comically understaffed. i am done if we don't match this
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Is this just partner greed holding them back, or is there something else to it? From my uninformed perspective, that kind of publicity (both external and internal) sounds like exactly what they might need right now...plus I’m hopeful as I work at a firm that’s a consistent follower but never a market mover.
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Partners never share the wealth until they absolutely have to. Right now, the quality of life is so bad, and so many people are choosing evenings and weekends over the biglaw salary and the “shattering” Kirkland bonuses (lol) they may actually have to finally let some of the cash trickle down. But I wouldn’t bet on it.objctnyrhnr wrote: ↑Fri Mar 19, 2021 2:16 pmFor a firm like K&E that has more business than they know what to do with, is struggling to retain associates, and is desperate for laterals...why not just go ahead and be the first mover to 200k (or even 210)?
Is this just partner greed holding them back, or is there something else to it? From my uninformed perspective, that kind of publicity (both external and internal) sounds like exactly what they might need right now...plus I’m hopeful as I work at a firm that’s a consistent follower but never a market mover.
Generally I just think there is a cultural shift happening where younger associates are no longer willing to suffer for the lottery ticket level chances at equity partnership that a V50 now offers. Equity partners got theirs, and then pulled up the ladder behind them, and they need to reset the balance. Will they? Probably not.
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Same.. but I'm a junior. WFH has made me think I will last much longer in this job than I thought I would (if allowed to continue WFH at least a couple days a week).Anonymous User wrote: ↑Fri Mar 19, 2021 2:32 pmHopefully the insane business will allow some mid levels, seniors and NEPs to parlay flexible WFH arrangements. If I had to go to the office, my life would be intolerable now because I wouldn’t have time to see my family and children for many days straights. It’s manageable with WFH.
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We're not losing people, it's that the volume of work is pretty much unprecedented. There is so much and it's coming in from every angle.Anonymous User wrote: ↑Fri Mar 19, 2021 1:52 pmInteresting -- I did hear that K&E is hiring in all practice areas. What's causing so many people to leave?MillllerTime wrote: ↑Fri Mar 19, 2021 1:46 pmSame at K&E. Also bleeding midlevels.Anonymous User wrote: ↑Fri Mar 19, 2021 1:02 pmcleary corporate is comically understaffed. i am done if we don't match this
I'd imagine other firms have similar volumes of work and my friends at other vault shops in the v50+ bracket are getting non-equity partnership/potential fast-track for junior equity partnership and other incentives dangled in front of them to stay, so harder to bring over people with large one-time bonuses and higher annual bonuses when other firms are just slapping partnership on the table.
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My practice group is also losing people, and they haven't been replaced yet. Morale across transactional groups seems pretty abysmal.Anonymous User wrote: ↑Fri Mar 19, 2021 1:00 pmMy firm has also been losing lots of associates and staff recently. I wonder if folks everywhere are just itching for a change after a grueling year of covid, or if only certain firms are losing people. It's very difficult to tell as an associate.
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