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When you say Midlevel, do you mean a year 3-4 associate or a year 5-7 associate? I've noticed "midlevel" is becoming harder to differentiate as more firms adopt two-tier partnerships.Anonymous User wrote: ↑Tue May 17, 2022 6:46 pmAntitrust lit midlevel here. Got an offer with a 100k signing bonus last year.
Good point. 3/4th year, but trial experienced.Anonymous User wrote: ↑Tue May 17, 2022 6:58 pmWhen you say Midlevel, do you mean a year 3-4 associate or a year 5-7 associate? I've noticed "midlevel" is becoming harder to differentiate as more firms adopt two-tier partnerships.Anonymous User wrote: ↑Tue May 17, 2022 6:46 pmAntitrust lit midlevel here. Got an offer with a 100k signing bonus last year.
A 100k signing bonus as a 3rd year associate seems pretty amazing, while a 100k signing bonus as a 6th year seems more in-line (hence the question).
Nice! The only think I might have done to sweeten that is squeeze in a solid month or two between jobs since the end of year bonus is guaranteed in any event.Anonymous User wrote: ↑Wed May 18, 2022 11:57 am9th year / signing bonus $220K/ corporate and leveraged finance practice /March 2022/modest salary bump / guaranteed full end of year bonus with no hours requirements
Not really apples to apples. Retention bonus will generally not be equal to a signing bonus because (and these are in some tension with each other) 1) you’re already at the relevant firm, so there’s inertia preventing you from moving elsewhere and starting new relationships, 2) people that fish for retention offers already have one foot out the door, so the firm is not necessarily going to see throwing more money your way as a good investment. Think of a signing bonus as the price paid by the new firm to make you walk away from your old firm.Anonymous User wrote: ↑Sat May 21, 2022 4:30 amI feel like a smuck midlevel going senior here and did not even get close $100k retention bonus. Anyone negotiated a higher retention bonus somehow?
Good point. Retention $$$ was offered without asking but had I known about these signing bonuses I would’ve asked for a similar amount maybe like 75% at least tbhBramwell wrote: ↑Sat May 21, 2022 1:43 pmNot really apples to apples. Retention bonus will generally not be equal to a signing bonus because (and these are in some tension with each other) 1) you’re already at the relevant firm, so there’s inertia preventing you from moving elsewhere and starting new relationships, 2) people that fish for retention offers already have one foot out the door, so the firm is not necessarily going to see throwing more money your way as a good investment. Think of a signing bonus as the price paid by the new firm to make you walk away from your old firm.Anonymous User wrote: ↑Sat May 21, 2022 4:30 amI feel like a smuck midlevel going senior here and did not even get close $100k retention bonus. Anyone negotiated a higher retention bonus somehow?