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Signing Bonuses?
Posted: Thu Jan 27, 2022 9:41 pm
by lawshark1
Does anyone have a running list of firms that are handing out impressive signing bonuses?
If you've lateraled recently, share your experience!
Re: Signing Bonuses?
Posted: Fri Jan 28, 2022 1:47 pm
by Anonymous User
lawshark1 wrote: ↑Thu Jan 27, 2022 9:41 pm
Does anyone have a running list of firms that are handing out impressive signing bonuses?
If you've lateraled recently, share your experience!
I lateraled and didn't get shit. Maybe they could smell the desperation. Or maybe my law school grades were too shit or something.
I did guarantee full special and EOY bonus for the remainder of the year though (no hour requirement)
Re: Signing Bonuses?
Posted: Fri Jan 28, 2022 1:50 pm
by lawshark1
Anonymous User wrote: ↑Fri Jan 28, 2022 1:47 pm
lawshark1 wrote: ↑Thu Jan 27, 2022 9:41 pm
Does anyone have a running list of firms that are handing out impressive signing bonuses?
If you've lateraled recently, share your experience!
I lateraled and didn't get shit. Maybe they could smell the desperation. Or maybe my law school grades were too shit or something.
I did guarantee full special and EOY bonus for the remainder of the year though (no hour requirement)
sheesh. What class were you?
Re: Signing Bonuses?
Posted: Sat Jan 29, 2022 2:53 am
by Anonymous User
I lateraled very recently to a V10 from a V50. This V10 regularly gives signing bonuses (not K&E). In my interview, I stupidly stated "this firm is my first choice." So they gave me $0 signing bonus. So I interviewed elsewhere and the other firm offered a healthy signing bonus. I told my "first choice" firm about it and they matched the signing bonus.
Conclusions:
-Don't say anything during the interview that will give up leverage you have over the firm; if you are in M&A/PE, they need you more than you need them.
-Definitely interview at multiple firms just for the sake of using them to "bid" on you for the signing bonus. No shame in going back and forth a little bit between the two firms to have them increase their offers.
-Recruiters are good resources for these negotiations because they have a first-hand view of this confidential world of salary negotiations.
Re: Signing Bonuses?
Posted: Sat Jan 29, 2022 1:11 pm
by Anonymous User
lawshark1 wrote: ↑Fri Jan 28, 2022 1:50 pm
Anonymous User wrote: ↑Fri Jan 28, 2022 1:47 pm
lawshark1 wrote: ↑Thu Jan 27, 2022 9:41 pm
Does anyone have a running list of firms that are handing out impressive signing bonuses?
If you've lateraled recently, share your experience!
I lateraled and didn't get shit. Maybe they could smell the desperation. Or maybe my law school grades were too shit or something.
I did guarantee full special and EOY bonus for the remainder of the year though (no hour requirement)
sheesh. What class were you?
Mid level in a specialist group
Re: Signing Bonuses?
Posted: Sat Jan 29, 2022 4:48 pm
by Anonymous User
Anonymous User wrote: ↑Sat Jan 29, 2022 2:53 am
I lateraled very recently to a V10 from a V50. This V10 regularly gives signing bonuses (not K&E). In my interview, I stupidly stated "this firm is my first choice." So they gave me $0 signing bonus. So I interviewed elsewhere and the other firm offered a healthy signing bonus. I told my "first choice" firm about it and they matched the signing bonus.
Conclusions:
-Don't say anything during the interview that will give up leverage you have over the firm; if you are in M&A/PE, they need you more than you need them.
-Definitely interview at multiple firms just for the sake of using them to "bid" on you for the signing bonus. No shame in going back and forth a little bit between the two firms to have them increase their offers.
-Recruiters are good resources for these negotiations because they have a first-hand view of this confidential world of salary negotiations.
How high did you get the V10 to go since they started with $0.