Paul Weiss Associates: Post your special bonus here Forum

[Anonymous User]

Since the other bonus thread has devolved into typical nonsense, let’s start a new thread here. PW associates are supposed to get notified about special bonuses this week. If you work at PW and receive a special bonus, please post:

1. Practice group
2. Class year
3. Annualized hours
4. Special bonus amount

Hopefully we can collect some data points and see exactly who is getting these bonuses and can help similarly situated people at other firms understand whether they are being paid below market.

[Anonymous User]

I don’t think many people will want to post all the data points OP asked for, but has anyone heard of anyone being told they’re getting a bonus yet? As a PW corporate associate it seems odd that the week is halfway over and I haven’t heard of anyone getting one yet.

[Anonymous User]

I don’t think many people will want to post all the data points OP asked for, but has anyone heard of anyone being told they’re getting a bonus yet? As a PW corporate associate it seems odd that the week is halfway over and I haven’t heard of anyone getting one yet.

Also at PW and have not heard of anyone hearing. Classic.

[Anonymous User]

I’m at PW and have heard that some people were notified by phone earlier this week

[Anonymous User]

1. M&A
2. 2018 or 2017
3. 2900-ish
4. 80K

[Anonymous User]

Midlevel litigator at PW here. All I've heard is that 3rd-6th years in M&A and Cap Mkts have been getting anywhere from $30-$65K and were told explicitly that it is based on hours through 1H 2021. Somewhat odd, but it seems that although the intent of these bonuses is clearly to retain people in short-staffed practice groups, there are no conditions on the bonuses--i.e., no clawback if someone leaves before a certain time in 2022.

[Anonymous User]

Does any first or second year get this?

[Anonymous User]

Class of 2020 litigation. Got a five figure special bonus. Will not write the exact amount in case it is not uniform, in which case I out myself, but thanks partners.<3

[Anonymous User]

I’m also at PW and my special bonus generally lines up with what others have posted. Thankful for the PW partners for recognizing associates for their hard work so far this year. Looking forward to the bonuses that will get paid at the start of next year in respect of the second half of 2021!

[Anonymous User]

Class Year: 2017
Practice Group: Corporate, but not M&A
Annualized Billables based on Jan-June 2021: ~3000
Bonus: 55-65k

Note that this is for the 6 month period Jan-June, and they promised another bonus in February based on July-December.

[Anonymous User]

Class Year: 2019
Practice: Corporate
Hours: annualizing ~2800
Bonus: 40-50k

[Anonymous User]

Since the other bonus thread has devolved into typical nonsense, let’s start a new thread here. PW associates are supposed to get notified about special bonuses this week. If you work at PW and receive a special bonus, please post:

1. Practice group
2. Class year
3. Annualized hours
4. Special bonus amount

Hopefully we can collect some data points and see exactly who is getting these bonuses and can help similarly situated people at other firms understand whether they are being paid below market.

1. Not PW other v25 Funds Group
2. 2017
3. 3200 plus
4. $120k

[DukeMountain]

1. Not PW other v25 Funds Group
2. 2017
3. 3200 plus
4. $120k
[/quote]

3200 - ouch

[Anonymous User]

Since the other bonus thread has devolved into typical nonsense, let’s start a new thread here. PW associates are supposed to get notified about special bonuses this week. If you work at PW and receive a special bonus, please post:

1. Practice group
2. Class year
3. Annualized hours
4. Special bonus amount

Hopefully we can collect some data points and see exactly who is getting these bonuses and can help similarly situated people at other firms understand whether they are being paid below market.

1. Not PW other v25 Funds Group
2. 2017
3. 3200 plus
4. $120k

What sort of person posts their non-Paul, Weiss bonus in a thread which is specifically for PAUL, WEISS special bonuses? Get a clue. Anon because Paul, Weiss associate and posted my bonus ITT.

[Anonymous User]

Since the other bonus thread has devolved into typical nonsense, let’s start a new thread here. PW associates are supposed to get notified about special bonuses this week. If you work at PW and receive a special bonus, please post:

1. Practice group
2. Class year
3. Annualized hours
4. Special bonus amount

Hopefully we can collect some data points and see exactly who is getting these bonuses and can help similarly situated people at other firms understand whether they are being paid below market.

1. Not PW other v25 Funds Group
2. 2017
3. 3200 plus
4. $120k

What sort of person posts their non-Paul, Weiss bonus in a thread which is specifically for PAUL, WEISS special bonuses? Get a clue. Anon because Paul, Weiss associate and posted my bonus ITT.

We all win when the secret bonuses aren’t secret. And a firm blowing PW out of the water.

[Anonymous User]

Can someone revive this thread in 2022 when the next round of bonus calls happen?

Anon because I'm at PW waiting for news of this bonus and early 2022 is vague.

[Anonymous User]

Can someone revive this thread in 2022 when the next round of bonus calls happen?

Anon because I'm at PW waiting for news of this bonus and early 2022 is vague.

[Anonymous User]

Can someone revive this thread in 2022 when the next round of bonus calls happen?

Anon because I'm at PW waiting for news of this bonus and early 2022 is vague.

Received a bonus in the fall - radio silence so far.

[Anonymous User]

Same here. PW associate who received a bonus in the fall, but haven’t heard anything yet on the second portion. Hopefully we get an update on timing whenever PW eventually matches the new salary scale that DPW puts out.

[Anonymous User]

Bumping to see if anyone has heard anything about when special bonuses for the second half of 2021 will be paid. Seems absolutely ridiculous that we haven’t heard about salary increases or the bonuses we were promised by now.

[Anonymous User]

Bumping to see if anyone has heard anything about when special bonuses for the second half of 2021 will be paid. Seems absolutely ridiculous that we haven’t heard about salary increases or the bonuses we were promised by now.

Who promised you the salary increase?

[Anonymous User]

Bumping to see if anyone has heard anything about when special bonuses for the second half of 2021 will be paid. Seems absolutely ridiculous that we haven’t heard about salary increases or the bonuses we were promised by now.

Who promised you the salary increase?

That associate probably meant "Seems absolutely ridiculous that we haven't heard about the special bonuses we were promised by now, or about salary increases."

Special bonuses were promised.

Salary increases are promised in the sense that PW says it will always match market. It might be too soon to say the salary promise is broken, because market isn't settled.

I wonder if the firm is waiting to see how much market is with any special bonuses included before recommitting to the special bonuses it already promised.

[Anonymous User]

I bet they are waiting to see if the market rate includes a special bonus, so that they can subtract that from whatever the promised bonuses were/are going to be. EG, if I was going to receive 60k, and market settles at Milbank scale + 10k special bonus, I bet PW matches and I get a call telling me I get 50K.

[Anonymous User]

Anyone had a call confirming second round special bonus?

Anyone think the hours threshold for the second half of 2021 is different from the hours threshold for the first half?

[Anonymous User]

Anyone had a call confirming second round special bonus?

Anyone think the hours threshold for the second half of 2021 is different from the hours threshold for the first half?

What was the hours threshold for the first half of 2021?