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Paul Weiss Associates: Post your special bonus here
Posted: Sun Nov 07, 2021 8:51 pm
by 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.
Re: Paul Weiss Associates: Post your special bonus here
Posted: Wed Nov 10, 2021 12:18 pm
by 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.
Re: Paul Weiss Associates: Post your special bonus here
Posted: Thu Nov 11, 2021 2:06 pm
by Anonymous User
Anonymous User wrote: ↑Wed Nov 10, 2021 12:18 pm
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.
Re: Paul Weiss Associates: Post your special bonus here
Posted: Thu Nov 11, 2021 2:44 pm
by Anonymous User
I’m at PW and have heard that some people were notified by phone earlier this week
Re: Paul Weiss Associates: Post your special bonus here
Posted: Thu Nov 11, 2021 3:39 pm
by Anonymous User
1. M&A
2. 2018 or 2017
3. 2900-ish
4. 80K
Re: Paul Weiss Associates: Post your special bonus here
Posted: Thu Nov 11, 2021 6:17 pm
by 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.
Re: Paul Weiss Associates: Post your special bonus here
Posted: Thu Nov 11, 2021 7:24 pm
by Anonymous User
Does any first or second year get this?
Re: Paul Weiss Associates: Post your special bonus here
Posted: Thu Nov 11, 2021 9:05 pm
by 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
Re: Paul Weiss Associates: Post your special bonus here
Posted: Fri Nov 12, 2021 2:34 am
by 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!
Re: Paul Weiss Associates: Post your special bonus here
Posted: Tue Nov 23, 2021 9:19 pm
by 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.
Re: Paul Weiss Associates: Post your special bonus here
Posted: Wed Nov 24, 2021 12:48 am
by Anonymous User
Class Year: 2019
Practice: Corporate
Hours: annualizing ~2800
Bonus: 40-50k
Re: Paul Weiss Associates: Post your special bonus here
Posted: Wed Nov 24, 2021 1:28 am
by Anonymous User
Anonymous User wrote: ↑Sun Nov 07, 2021 8:51 pm
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
Re: Paul Weiss Associates: Post your special bonus here
Posted: Wed Nov 24, 2021 3:02 am
by DukeMountain
1. Not PW other v25 Funds Group
2. 2017
3. 3200 plus
4. $120k
[/quote]
3200 - ouch
Re: Paul Weiss Associates: Post your special bonus here
Posted: Wed Nov 24, 2021 4:43 pm
by Anonymous User
Anonymous User wrote: ↑Wed Nov 24, 2021 1:28 am
Anonymous User wrote: ↑Sun Nov 07, 2021 8:51 pm
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.
Re: Paul Weiss Associates: Post your special bonus here
Posted: Thu Nov 25, 2021 12:33 am
by Anonymous User
Anonymous User wrote: ↑Wed Nov 24, 2021 4:43 pm
Anonymous User wrote: ↑Wed Nov 24, 2021 1:28 am
Anonymous User wrote: ↑Sun Nov 07, 2021 8:51 pm
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.
Re: Paul Weiss Associates: Post your special bonus here
Posted: Mon Dec 27, 2021 5:16 pm
by 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.
Re: Paul Weiss Associates: Post your special bonus here
Posted: Thu Jan 27, 2022 3:49 pm
by Anonymous User
Anonymous User wrote: ↑Mon Dec 27, 2021 5:16 pm
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.
Re: Paul Weiss Associates: Post your special bonus here
Posted: Fri Jan 28, 2022 1:58 pm
by Anonymous User
Anonymous User wrote: ↑Thu Jan 27, 2022 3:49 pm
Anonymous User wrote: ↑Mon Dec 27, 2021 5:16 pm
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.
Re: Paul Weiss Associates: Post your special bonus here
Posted: Sun Jan 30, 2022 3:22 pm
by 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.
Re: Paul Weiss Associates: Post your special bonus here
Posted: Mon Feb 21, 2022 11:30 am
by 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.
Re: Paul Weiss Associates: Post your special bonus here
Posted: Tue Feb 22, 2022 12:32 pm
by Anonymous User
Anonymous User wrote: ↑Mon Feb 21, 2022 11:30 am
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?
Re: Paul Weiss Associates: Post your special bonus here
Posted: Tue Feb 22, 2022 1:04 pm
by Anonymous User
Anonymous User wrote: ↑Tue Feb 22, 2022 12:32 pm
Anonymous User wrote: ↑Mon Feb 21, 2022 11:30 am
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.
Re: Paul Weiss Associates: Post your special bonus here
Posted: Tue Feb 22, 2022 2:17 pm
by 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.
Re: Paul Weiss Associates: Post your special bonus here
Posted: Mon Feb 28, 2022 6:31 pm
by 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?
Re: Paul Weiss Associates: Post your special bonus here
Posted: Mon Feb 28, 2022 6:41 pm
by Anonymous User
Anonymous User wrote: ↑Mon Feb 28, 2022 6:31 pm
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?