EOY Bonuses Forum

Anonymous User · Post by **Anonymous User** » Wed Nov 30, 2022 3:55 pm

Anonymous User wrote: ↑
Wed Nov 30, 2022 3:29 pm
Also heard of McDermott match

but curious to know what the details are (hours cutoffs? etc.) for both firms are.

As is always the case, Skadden is 1800 hours (really 1650 by Nov 30 since they annualize hours and pay bonus mid Dec), with unlimited pro Bono and up to 100 hours of biz dev etc. less than 1800 is half bonus, but way way less and it’s zilch. Two most senior class years (2015/2016) have a 10k above market discretionary kicker (again, always the case).

Anonymous User · Post by **Anonymous User** » Wed Nov 30, 2022 5:31 pm

Anyone know what the additional above-market percentage is PER 100 hours above 1950 for King and Spalding?
Does that percentage increase by seniority and, if so, what is it for a sixth year?

Anonymous User · Post by **Anonymous User** » Wed Nov 30, 2022 5:40 pm

Anonymous User wrote: ↑
Wed Nov 30, 2022 5:31 pm
Anyone know what the additional above-market percentage is PER 100 hours above 1950 for King and Spalding?
Does that percentage increase by seniority and, if so, what is it for a sixth year?

If you are looking for a market-paying firm, look elsewhere. That old, hourly-kicker bonus scale is long gone and in its place are black box discretionary (and uniformly lower than pre-COVID) "leadership" bonuses that are solely the product of closed door conversations between equity partner PGLs and idiot-stooges like Michelle Carter and Lisa Keyes.

Anonymous User · Post by **Anonymous User** » Wed Nov 30, 2022 5:45 pm

Wait what? Spalding pays market base every year that AT LEAST matches DPW/Cravath at 1950 hours. And we literally have an email from last year explicitly stating that you get ABOVE MARKET kickers every 100 hours above. I'm at like 2550 for the year so wanted to know what that % was.

Anonymous User · Post by **Anonymous User** » Wed Nov 30, 2022 6:01 pm

My understanding is that it is 5% of the base bonus per 100 hours. In other words, since you said you are a 6th year (class of 2016), you would get 5% of the base bonus ($105,000) per 100 hours over 1950.

Anonymous User · Post by **Anonymous User** » Wed Nov 30, 2022 6:04 pm

Anonymous User wrote: ↑
Wed Nov 30, 2022 6:01 pm
My understanding is that it is 5% of the base bonus per 100 hours. In other words, since you said you are a 6th year (class of 2016), you would get 5% of the base bonus ($105,000) per 100 hours over 1950.

This is my understanding as well (Atlanta associate). Then you can get another "discretionary" leadership bonus above and beyond that.

Anonymous User · Post by **Anonymous User** » Wed Nov 30, 2022 6:27 pm

Got it. Thank you!

Anonymous User · Post by **Anonymous User** » Thu Dec 01, 2022 11:25 am

Anonymous User wrote: ↑
Wed Nov 30, 2022 5:45 pm
Wait what? Spalding pays market base every year that AT LEAST matches DPW/Cravath at 1950 hours. And we literally have an email from last year explicitly stating that you get ABOVE MARKET kickers every 100 hours above. I'm at like 2550 for the year so wanted to know what that % was.

This is correct.

Anonymous User · Post by **Anonymous User** » Thu Dec 01, 2022 1:57 pm

Anyone else find it odd that it's been ~48 hours since Cravath announced and there have been almost no other match announcements? (https://abovethelaw.com/2022/12/biglaw- ... cker-2022/) Usually in the day or two after you get a slew of matches. Maybe it's been institutionalized to wait until DPW and Milbank respond now? Or were firms genuinely expecting a lower scale this year and are now scrambling to revise?

Bramwell · Post by **Bramwell** » Thu Dec 01, 2022 2:16 pm

Anonymous User wrote: ↑
Thu Dec 01, 2022 1:57 pm
Anyone else find it odd that it's been ~48 hours since Cravath announced and there have been almost no other match announcements? (https://abovethelaw.com/2022/12/biglaw- ... cker-2022/) Usually in the day or two after you get a slew of matches. Maybe it's been institutionalized to wait until DPW and Milbank respond now? Or were firms genuinely expecting a lower scale this year and are now scrambling to revise?

they’re waiting for DPW.

Anonymizer · Post by **Anonymizer** » Thu Dec 01, 2022 2:38 pm

DPW is going to come over the top. You heard it here first.

Anonymous User · Post by **Anonymous User** » Thu Dec 01, 2022 2:44 pm

Anonymizer wrote: ↑
Thu Dec 01, 2022 2:38 pm
DPW is going to come over the top. You heard it here first.

Source?!?!?!?!!!!

Anonymous User · Post by **Anonymous User** » Thu Dec 01, 2022 2:58 pm

Anonymous User wrote: ↑
Thu Dec 01, 2022 2:44 pm

Anonymizer wrote: ↑
Thu Dec 01, 2022 2:38 pm
DPW is going to come over the top. You heard it here first.
Source?!?!?!?!!!!

Anonymizer is the source and has never been wrong before.

Anonymous User · Post by **Anonymous User** » Thu Dec 01, 2022 4:48 pm

Milbank is mostly focused on salary increases, right? I doubt they will boost the bonus scale. Eyes are on DPW.

Cravath falling to v83 confirmed.

Anonymous User · Post by **Anonymous User** » Thu Dec 01, 2022 5:38 pm

Fried Frank matched the Baker scale with 15% premium at 2200 hours and 30% premium at 2450 hours.

Anonymous User · Post by **Anonymous User** » Thu Dec 01, 2022 6:13 pm

Cleary just matched Cravath/Baker scale.

Anonymous User · Post by **Anonymous User** » Thu Dec 01, 2022 6:22 pm

Sad for high billers at CravaTTTh.

Anonymous User · Post by **Anonymous User** » Thu Dec 01, 2022 6:46 pm

Anonymous User wrote: ↑
Thu Dec 01, 2022 6:13 pm
Cleary just matched Cravath/Baker scale.

There's no "Cravath" about it. It's the Baker scale. Cravath didn't do anything this year other than match Baker.

Anonymous User · Post by **Anonymous User** » Thu Dec 01, 2022 6:50 pm

Anonymous User wrote: ↑
Thu Dec 01, 2022 6:22 pm
Sad for high billers at CravaTTTh.

Back in the day they used to get compensated in prefftige. But now cravath has sucked for so long that they don't even get that.

Anonymous User · Post by **Anonymous User** » Fri Dec 02, 2022 10:03 am

DPW matched

Anonymous User · Post by **Anonymous User** » Fri Dec 02, 2022 10:05 am

Anonymous User wrote: ↑
Fri Dec 02, 2022 10:03 am
DPW matched

Confirmed. All eyes to Milly-B, now.

Anonymous User · Post by **Anonymous User** » Fri Dec 02, 2022 10:05 am

Turns out Bakers was playing 5D chess and is the official comp leader.

All hail the 2022 Bakers scale.

Anonymous User · Post by **Anonymous User** » Fri Dec 02, 2022 10:07 am

Anonymous User wrote: ↑
Fri Dec 02, 2022 10:05 am

Anonymous User wrote: ↑
Fri Dec 02, 2022 10:03 am
DPW matched
Confirmed. All eyes to Milly-B, now.

Time to pack our bags and go home. Next year is another year. Milly-B aint raising this year.

Anonymous User · Post by **Anonymous User** » Fri Dec 02, 2022 10:42 am

Anonymous User wrote: ↑
Thu Dec 01, 2022 2:58 pm

Anonymous User wrote: ↑
Thu Dec 01, 2022 2:44 pm

Anonymizer wrote: ↑
Thu Dec 01, 2022 2:38 pm
DPW is going to come over the top. You heard it here first.
Source?!?!?!?!!!!
Anonymizer is the source and has never been wrong before.

First time for everything. Sad

Anonymous User · Post by **Anonymous User** » Fri Dec 02, 2022 11:26 am

Pathetic.

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