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2014 Year End Bonus Predictions Thread

For the Cravath lock-step peer group (i.e., most of Vault 20...
Anal karate chad
  10/28/14
50% bump for Cravath, not everyone follows
Multi-colored Yellow Background Story Dingle Berry
  10/28/14
Who do you predict will not follow Cravath from the V10 (cop...
Anal karate chad
  10/28/14
oh all those guys will. But the deeper you get into the v100...
Multi-colored Yellow Background Story Dingle Berry
  10/28/14
my friend at WLRK said it will be 100%
Chartreuse bat shit crazy faggotry
  10/28/14
what will
Multi-colored Yellow Background Story Dingle Berry
  10/28/14
bonuses at WLRK will be 100% of base has no bearing on th...
Chartreuse bat shit crazy faggotry
  10/28/14
It must be better than the last few years - deal work has pi...
buff jet-lagged dopamine mood
  10/28/14
No source but my guess is 5 to 10k bump for juniors increasi...
aromatic autistic jap circlehead
  10/28/14
What year is mid-level? So you're saying c/o 2008 (sixth ye...
Anal karate chad
  10/28/14
probably 50k
naked tan home
  10/28/14
From $40 to $50 for c/o 2008 seems reasonable.
Anal karate chad
  10/28/14
Mid-level is generally 4 to 6 year and 7 to 8 is senior asso...
aromatic autistic jap circlehead
  10/28/14
Seems reasonable. And there are far fewer mid and senior as...
Anal karate chad
  10/28/14
lol, no
sick filthpig plaza
  10/28/14
Explicate Is my firm unique in that mid-levels are pretty t...
aromatic autistic jap circlehead
  10/28/14
there's an interesting conundrum going on right now in that ...
sick filthpig plaza
  10/28/14
Corporate work drives the bottom line at firms, doe
aromatic autistic jap circlehead
  10/28/14
is litigation verifiably down? i just thought the top work w...
Swashbuckling resort
  10/28/14
i haven't seen any data, but i get the sense from talking wi...
sick filthpig plaza
  10/28/14
there was definitely a flight to quality following ITE that ...
Swashbuckling resort
  10/28/14
cravath doesn't give a fuck and if everyone just matches cra...
Swashbuckling resort
  10/28/14
Thought banks raised salaries lately? Also in house picking...
aromatic autistic jap circlehead
  10/28/14
241, bro
Swashbuckling resort
  10/28/14
Can someone remind us what the Cravath scale has been for th...
buff jet-lagged dopamine mood
  10/28/14
Here you go. Class of 2013 — $10,000 (pro-rated) Clas...
Anal karate chad
  10/28/14
My prediction is it stays the same if only because CSM has n...
Plum trip station party of the first part
  10/28/14
This would be a terrible outcome and would fiercely hasten a...
Anal karate chad
  10/28/14
maybe for M&A, but where are the litigators going to go?...
sick filthpig plaza
  10/28/14
Litigation doesn't drive profits.
Anal karate chad
  10/28/14
profits don't drive bonuses. partners are going to look at ...
sick filthpig plaza
  10/28/14
Hours drive profits, but litigation has big discounts and M&...
Anal karate chad
  10/28/14
That was true before ITE, but litigation is a huge percentag...
Plum trip station party of the first part
  11/07/14
Conspicuous absence of KIRKLAND SHATTERS ITT
Hairless misunderstood native double fault
  10/28/14
i love that post that went something like this: Class of ...
Chartreuse bat shit crazy faggotry
  10/28/14
they left off on 2007 "and you are making the same mone...
shivering juggernaut
  10/28/14
Isn't it 2008 (you're a partner) now?
Drab site knife
  10/28/14
SPRINTED into this thread hoping against hope that bro had r...
hairraiser hospital
  10/28/14
me too :(
Hairless misunderstood native double fault
  10/28/14
He went pumo
wonderful puce headpube liquid oxygen
  11/07/14
about $150k at my firm
Drab site knife
  10/28/14
about $935,000 for 2011 grades and -100k for all less
Aphrodisiac scourge upon the earth ladyboy
  10/28/14
i predict earl will be mad as fuck
Swashbuckling resort
  10/28/14
I know everything sucks yeah
aromatic autistic jap circlehead
  10/28/14
this def won't be the last time we hear earl complain. ironi...
Swashbuckling resort
  10/28/14
it's going to be the exact same as it was last year, you mor...
sick filthpig plaza
  10/28/14
LJL biglawyers working 10000% harder than most professions a...
thriller light alpha
  10/28/14
Do u think if we apologize to latham they will give us 190k
aromatic autistic jap circlehead
  10/28/14
dear bob dell, sorry for getting my organs on ur scythe, ill...
unhinged jewess
  10/28/14
(poasters who dont work at BOIES) LJL. enjoy your bonus w...
Histrionic Vermilion Queen Of The Night Fortuitous Meteor
  10/28/14
LJL i remember when they were begging median kids to be 1L S...
Swashbuckling resort
  10/28/14
How do you know a 1L sa will be median? Dont they hire befo...
Curious brethren macaca
  11/02/14
Probably the same it has been for the past however many year...
Beady-eyed lodge
  10/28/14
...
sick filthpig plaza
  10/28/14
partners have no reason to give more to associates because t...
thriller light alpha
  10/28/14
Senior associates at top firms aren't really fungible. Ther...
Beady-eyed lodge
  10/28/14
there are a lot of shit senior associates at my firm who som...
sick filthpig plaza
  10/28/14
I agree V20s keep a lot of shitty senior associates around (...
Beady-eyed lodge
  10/28/14
what does cravath give to a fourth year?
hairraiser hospital
  10/28/14
hemorrhoids? thinning hair? 20 lbs in the mid-section?
Drab site knife
  10/28/14
heh ED
hairraiser hospital
  10/28/14
roflmao cr
thriller light alpha
  10/28/14
7500
aqua self-absorbed kitchen
  10/28/14
it is amazing to me looking through this thread how standard...
Flirting canary kitty
  10/28/14
Any bump at all will be nice. Probably no bump at all thoug...
Anal karate chad
  10/29/14
they are insanely busy
coiffed bespoke psychic garrison
  10/31/14
fuck you. seriously. you don't think everyone in this th...
aggressive stirring corner
  10/30/14
you sound ir8. maybe you should stop billing so much for a ...
Flirting canary kitty
  10/31/14
...
Khaki business firm
  11/17/14
Inflation adjusted senior associate comp in 2007 would be $4...
Plum trip station party of the first part
  11/07/14
Law360, San Diego (October 27, 2014, 3:50 PM ET) -- While Bi...
sick filthpig plaza
  10/30/14
Ouch. Written by biglaw for biglaw.
Anal karate chad
  10/31/14
Legal industry consultants say the market is the healthiest ...
wonderful puce headpube liquid oxygen
  11/07/14
seems basically sound to me. basic supply and demand: there...
sick filthpig plaza
  11/12/14
My firm is understaffed as it is and literally everyone is l...
demanding quadroon
  10/31/14
I get 2-3 calls and 4-5 emails from recruiters a day looking...
buff jet-lagged dopamine mood
  10/31/14
90% of those calls are for jobs at other firms which are pay...
Blue jew
  10/31/14
bigger bonuses in a way should reduce lateral associate move...
Chartreuse bat shit crazy faggotry
  11/01/14
this is why there is always a flood of departure emails righ...
buff jet-lagged dopamine mood
  11/04/14
That means the bonuses actually worked..... People stuck aro...
exciting gas station
  11/04/14
Sort of, but we are talking people staying an extra couple m...
Blue jew
  11/12/14
Mine is similarly understaffed... I think a significant i...
exciting gas station
  11/04/14
Sweet! Already spending the increase!
Anal karate chad
  11/05/14
I'm not feeling a sense from firms that there's a need to ra...
ruby selfie stag film
  10/31/14
I said that above. The associate attrition problem won't be...
Plum trip station party of the first part
  11/01/14
the reverse is true in litigation, at least at my firm. the...
sick filthpig plaza
  11/12/14
You must be at DPW.
Plum trip station party of the first part
  11/14/14
...
Cobalt Odious Multi-billionaire Parlor
  11/04/14
Estimate of class year / firm rank / hours? I'm hoping fo...
exciting gas station
  11/04/14
...
Cobalt Odious Multi-billionaire Parlor
  11/04/14
Holy shit, that would be top 1% of associates at my v50
exciting gas station
  11/04/14
Class of 2014 — $12,500 (pro-rated) Class of 2013 — $12,5...
Excitant crystalline nursing home giraffe
  11/07/14
That would be a nice bump.
Plum trip station party of the first part
  11/07/14
This actually makes a lot of sense. $15K bump for senior as...
Anal karate chad
  11/08/14
Getting close to Tgiving!!!!
Anal karate chad
  11/12/14
When are bonuses usually announced?
buff jet-lagged dopamine mood
  11/12/14
Monday after Tgiving ... so December 1st.
Anal karate chad
  11/12/14
I will bump this thread when idiots are wrong re: Cravath ch...
Beady-eyed lodge
  11/12/14
We have the same thread every year. BUT DEALWORK HAS PICKED...
Blue jew
  11/12/14
ppp is record levels bro
irradiated shrine
  11/12/14
Remember who you are dealing with. There are always more pe...
Blue jew
  11/12/14
...
sick filthpig plaza
  11/12/14
American lawyer says PPP at top firms is up 17% year over ye...
Plum trip station party of the first part
  11/14/14
I now predict the following for c/o 2008, 2007 and 2006: ...
Anal karate chad
  11/14/14
Merger Monday today ... $100 billion between Actavis and Hal...
Anal karate chad
  11/17/14
ljl @ partners taking the most recent front page merger into...
Bateful dun den doctorate
  11/17/14
Why wouldn't they take into account the $$$ coming their way...
Anal karate chad
  11/17/14
That would be outstanding, but it is not going to happen.
Plum trip station party of the first part
  11/17/14
lolno.
frum field
  11/20/14
M&A is supposedly been the best year since 2007.
Plum trip station party of the first part
  11/18/14
Bump for biglol partner.
Cobalt Odious Multi-billionaire Parlor
  11/19/14
Getting close now. One week from Monday we will know how bi...
Anal karate chad
  11/20/14
http://blogs.wsj.com/law/2014/11/21/simpson-thacher-launches...
Out-of-control harsh point national security agency
  11/21/14
2000: 125 + 45 2014: 160 + 15 14 years for a 3% bump!
aqua self-absorbed kitchen
  11/21/14


Poast new message in this thread



Reply Favorite

Date: October 28th, 2014 3:01 PM
Author: Anal karate chad

For the Cravath lock-step peer group (i.e., most of Vault 20), I predict the same as last year. Although some are saying as much as a 25-50% bump from last year. What are others hearing or feeling?

(http://www.autoadmit.com/thread.php?thread_id=2712092&forum_id=2#26603299)



Reply Favorite

Date: October 28th, 2014 3:04 PM
Author: Multi-colored Yellow Background Story Dingle Berry

50% bump for Cravath, not everyone follows

(http://www.autoadmit.com/thread.php?thread_id=2712092&forum_id=2#26603309)



Reply Favorite

Date: October 28th, 2014 3:26 PM
Author: Anal karate chad

Who do you predict will not follow Cravath from the V10 (copied below, excluding non-lockstep firms)? I would think all will follow, even a 50% bump. Although 50% would be AMAZING!! $$$$$

S&C

Skadden

DPW

Weil

Simpson Thacher

Cleary

(http://www.autoadmit.com/thread.php?thread_id=2712092&forum_id=2#26603458)



Reply Favorite

Date: October 28th, 2014 5:01 PM
Author: Multi-colored Yellow Background Story Dingle Berry

oh all those guys will. But the deeper you get into the v100 in large markets, the more differentiation you will see. the bottom wrung of PPP will not increase:

http://www.americanlawyer.com/id=1202654210561

(http://www.autoadmit.com/thread.php?thread_id=2712092&forum_id=2#26604091)



Reply Favorite

Date: October 28th, 2014 3:08 PM
Author: Chartreuse bat shit crazy faggotry

my friend at WLRK said it will be 100%

(http://www.autoadmit.com/thread.php?thread_id=2712092&forum_id=2#26603324)



Reply Favorite

Date: October 28th, 2014 3:10 PM
Author: Multi-colored Yellow Background Story Dingle Berry

what will

(http://www.autoadmit.com/thread.php?thread_id=2712092&forum_id=2#26603336)



Reply Favorite

Date: October 28th, 2014 3:44 PM
Author: Chartreuse bat shit crazy faggotry

bonuses at WLRK will be 100% of base

has no bearing on the rest of us mere mortals

(http://www.autoadmit.com/thread.php?thread_id=2712092&forum_id=2#26603599)



Reply Favorite

Date: October 28th, 2014 3:11 PM
Author: buff jet-lagged dopamine mood

It must be better than the last few years - deal work has picked up significantly this year

(http://www.autoadmit.com/thread.php?thread_id=2712092&forum_id=2#26603338)



Reply Favorite

Date: October 28th, 2014 3:14 PM
Author: aromatic autistic jap circlehead

No source but my guess is 5 to 10k bump for juniors increasing to 25kish bump for mid-level. At some point retention had to become an issue for mid-level as so many have washed out

(http://www.autoadmit.com/thread.php?thread_id=2712092&forum_id=2#26603357)



Reply Favorite

Date: October 28th, 2014 3:24 PM
Author: Anal karate chad

What year is mid-level? So you're saying c/o 2008 (sixth years, seventh years next year) may go from $40K to $65K? Seems hard to believe...

(http://www.autoadmit.com/thread.php?thread_id=2712092&forum_id=2#26603436)



Reply Favorite

Date: October 28th, 2014 3:26 PM
Author: naked tan home

probably 50k

(http://www.autoadmit.com/thread.php?thread_id=2712092&forum_id=2#26603463)



Reply Favorite

Date: October 28th, 2014 3:43 PM
Author: Anal karate chad

From $40 to $50 for c/o 2008 seems reasonable.

(http://www.autoadmit.com/thread.php?thread_id=2712092&forum_id=2#26603591)



Reply Favorite

Date: October 28th, 2014 3:36 PM
Author: aromatic autistic jap circlehead

Mid-level is generally 4 to 6 year and 7 to 8 is senior associate. General feeling is that there's a small bump overall but mid and seniors get a little bigger bump since ite decimated future partner ranks, in house hiring a bit more these days etc

(http://www.autoadmit.com/thread.php?thread_id=2712092&forum_id=2#26603546)



Reply Favorite

Date: October 28th, 2014 3:46 PM
Author: Anal karate chad

Seems reasonable. And there are far fewer mid and senior associates, so the extra $ doesn't cost the partners much.

(http://www.autoadmit.com/thread.php?thread_id=2712092&forum_id=2#26603617)



Reply Favorite

Date: October 28th, 2014 4:53 PM
Author: sick filthpig plaza

lol, no

(http://www.autoadmit.com/thread.php?thread_id=2712092&forum_id=2#26604046)



Reply Favorite

Date: October 28th, 2014 5:06 PM
Author: aromatic autistic jap circlehead

Explicate

Is my firm unique in that mid-levels are pretty thin? Agree bonuses have been flat lately but likely to turn around eventually

(http://www.autoadmit.com/thread.php?thread_id=2712092&forum_id=2#26604117)



Reply Favorite

Date: October 28th, 2014 5:07 PM
Author: sick filthpig plaza

there's an interesting conundrum going on right now in that M&A activity is way up but litigation is way down. i think firms are just shifting more attorneys over to corporate and will keep bonuses the same. my firm has had no problems hiring midlevel laterals when needed

(http://www.autoadmit.com/thread.php?thread_id=2712092&forum_id=2#26604123)



Reply Favorite

Date: October 28th, 2014 5:11 PM
Author: aromatic autistic jap circlehead

Corporate work drives the bottom line at firms, doe

(http://www.autoadmit.com/thread.php?thread_id=2712092&forum_id=2#26604143)



Reply Favorite

Date: October 28th, 2014 5:16 PM
Author: Swashbuckling resort

is litigation verifiably down? i just thought the top work was clustering more as GCs kind of woke up one day and asked how it was that Kramer Levin type firms thought they could charge the same rates as V20s. also more and more upstart boutiques w/ lawyer rosters easily as good or better than lots of biglaw firms.

(http://www.autoadmit.com/thread.php?thread_id=2712092&forum_id=2#26604180)



Reply Favorite

Date: October 28th, 2014 5:19 PM
Author: sick filthpig plaza

i haven't seen any data, but i get the sense from talking with friends at other firms that lit is generally down but corporate is up. obviously, lit is never going to be down at top lit boutiques and places like Boies or Gibson, but i'm not sure how much work these places take away from middling biglaw firms

(http://www.autoadmit.com/thread.php?thread_id=2712092&forum_id=2#26604193)



Reply Favorite

Date: October 28th, 2014 5:25 PM
Author: Swashbuckling resort

there was definitely a flight to quality following ITE that put a hurt on a lot of V75-100 type firms lit depts.

(http://www.autoadmit.com/thread.php?thread_id=2712092&forum_id=2#26604222)



Reply Favorite

Date: October 28th, 2014 5:09 PM
Author: Swashbuckling resort

cravath doesn't give a fuck and if everyone just matches cravath, no one is disadvantaged from a retention point of view.

(http://www.autoadmit.com/thread.php?thread_id=2712092&forum_id=2#26604138)



Reply Favorite

Date: October 28th, 2014 5:13 PM
Author: aromatic autistic jap circlehead

Thought banks raised salaries lately?

Also in house picking up

We are united from a reel big fish point of view though

(http://www.autoadmit.com/thread.php?thread_id=2712092&forum_id=2#26604153)



Reply Favorite

Date: October 28th, 2014 5:18 PM
Author: Swashbuckling resort

241, bro

(http://www.autoadmit.com/thread.php?thread_id=2712092&forum_id=2#26604186)



Reply Favorite

Date: October 28th, 2014 3:27 PM
Author: buff jet-lagged dopamine mood

Can someone remind us what the Cravath scale has been for the past few years?

tyia

(http://www.autoadmit.com/thread.php?thread_id=2712092&forum_id=2#26603465)



Reply Favorite

Date: October 28th, 2014 3:44 PM
Author: Anal karate chad

Here you go.

Class of 2013 — $10,000 (pro-rated)

Class of 2012 — $10,000

Class of 2011 — $14,000

Class of 2010 — $20,000

Class of 2009 — $27,000

Class of 2008 — $34,000

Class of 2007 — $40,000

Class of 2006 — $50,000

Class of 2005 — $60,000

So updated for this year, it would be:

Class of 2014 — $10,000 (pro-rated)

Class of 2013 — $10,000

Class of 2012 — $14,000

Class of 2011 — $20,000

Class of 2010 — $27,000

Class of 2009 — $34,000

Class of 2008 — $40,000

Class of 2007 — $50,000

Class of 2006 — $60,000



(http://www.autoadmit.com/thread.php?thread_id=2712092&forum_id=2#26603604)



Reply Favorite

Date: October 28th, 2014 4:49 PM
Author: Plum trip station party of the first part

My prediction is it stays the same if only because CSM has not, as least based on the league tables, had a remarkably good year and none of S&C, Skadden, STB are likely to lead given CSM has given them cover to lowball for a few years now (DPW never leads and none of the other firms that pay market bonuses are considered possible leaders). M&A is way up this year, but CSM has lost some of the pie is my sense. M&A drives a lot of the other practices and is the best barometer.

(http://www.autoadmit.com/thread.php?thread_id=2712092&forum_id=2#26604022)



Reply Favorite

Date: October 28th, 2014 4:58 PM
Author: Anal karate chad

This would be a terrible outcome and would fiercely hasten attrition at mid and senior levels.

(http://www.autoadmit.com/thread.php?thread_id=2712092&forum_id=2#26604078)



Reply Favorite

Date: October 28th, 2014 5:05 PM
Author: sick filthpig plaza

maybe for M&A, but where are the litigators going to go?

(http://www.autoadmit.com/thread.php?thread_id=2712092&forum_id=2#26604113)



Reply Favorite

Date: October 28th, 2014 5:14 PM
Author: Anal karate chad

Litigation doesn't drive profits.

(http://www.autoadmit.com/thread.php?thread_id=2712092&forum_id=2#26604164)



Reply Favorite

Date: October 28th, 2014 5:20 PM
Author: sick filthpig plaza

profits don't drive bonuses. partners are going to look at associate hours averaged across the entire firm, see they are basically the same and pay the same bonuses

(http://www.autoadmit.com/thread.php?thread_id=2712092&forum_id=2#26604196)



Reply Favorite

Date: October 28th, 2014 6:38 PM
Author: Anal karate chad

Hours drive profits, but litigation has big discounts and M&A has big premiums. Busy M&A like we have now drives increase in profits and increase in bonuses in typical times. But who knows in the "new normal" ...

(http://www.autoadmit.com/thread.php?thread_id=2712092&forum_id=2#26604628)



Reply Favorite

Date: November 7th, 2014 11:00 PM
Author: Plum trip station party of the first part

That was true before ITE, but litigation is a huge percentage of revenues (some more than 50% if you believe citi) at a lot of top firms. It is easier to keep litigators working high hours than corporate people due to the ebbs and flows of deals and the market generally.

(http://www.autoadmit.com/thread.php?thread_id=2712092&forum_id=2#26671762)



Reply Favorite

Date: October 28th, 2014 3:29 PM
Author: Hairless misunderstood native double fault

Conspicuous absence of KIRKLAND SHATTERS ITT

(http://www.autoadmit.com/thread.php?thread_id=2712092&forum_id=2#26603492)



Reply Favorite

Date: October 28th, 2014 3:51 PM
Author: Chartreuse bat shit crazy faggotry

i love that post that went something like this:

Class of 2014 — SHATTERS THE MARKET

Class of 2013 — SHATTERS THE MARKET

Class of 2012 — SHATTERS THE MARKET

Class of 2011 — SHATTERS THE MARKET

Class of 2010 — SHATTERS THE MARKET

Class of 2009 — SHATTERS THE MARKET

Class of 2008 — SHATTERS THE MARKET

Class of 2007 — YOU'RE A PARTNER

(http://www.autoadmit.com/thread.php?thread_id=2712092&forum_id=2#26603661)



Reply Favorite

Date: October 28th, 2014 4:55 PM
Author: shivering juggernaut

they left off on 2007 "and you are making the same money as a senior associate at any other large firm"

(http://www.autoadmit.com/thread.php?thread_id=2712092&forum_id=2#26604057)



Reply Favorite

Date: October 28th, 2014 5:17 PM
Author: Drab site knife

Isn't it 2008 (you're a partner) now?

(http://www.autoadmit.com/thread.php?thread_id=2712092&forum_id=2#26604184)



Reply Favorite

Date: October 28th, 2014 5:14 PM
Author: hairraiser hospital

SPRINTED into this thread hoping against hope that bro had returned

(http://www.autoadmit.com/thread.php?thread_id=2712092&forum_id=2#26604165)



Reply Favorite

Date: October 28th, 2014 5:52 PM
Author: Hairless misunderstood native double fault

me too :(

(http://www.autoadmit.com/thread.php?thread_id=2712092&forum_id=2#26604366)



Reply Favorite

Date: November 7th, 2014 11:00 PM
Author: wonderful puce headpube liquid oxygen

He went pumo

(http://www.autoadmit.com/thread.php?thread_id=2712092&forum_id=2#26671759)



Reply Favorite

Date: October 28th, 2014 4:50 PM
Author: Drab site knife

about $150k at my firm

(http://www.autoadmit.com/thread.php?thread_id=2712092&forum_id=2#26604028)



Reply Favorite

Date: October 28th, 2014 4:57 PM
Author: Aphrodisiac scourge upon the earth ladyboy

about $935,000 for 2011 grades and -100k for all less

(http://www.autoadmit.com/thread.php?thread_id=2712092&forum_id=2#26604068)



Reply Favorite

Date: October 28th, 2014 5:00 PM
Author: Swashbuckling resort

i predict earl will be mad as fuck

(http://www.autoadmit.com/thread.php?thread_id=2712092&forum_id=2#26604086)



Reply Favorite

Date: October 28th, 2014 5:02 PM
Author: aromatic autistic jap circlehead

I know everything sucks yeah

(http://www.autoadmit.com/thread.php?thread_id=2712092&forum_id=2#26604098)



Reply Favorite

Date: October 28th, 2014 5:08 PM
Author: Swashbuckling resort

this def won't be the last time we hear earl complain. ironic that he lives in OC?

(http://www.autoadmit.com/thread.php?thread_id=2712092&forum_id=2#26604128)



Reply Favorite

Date: October 28th, 2014 5:02 PM
Author: sick filthpig plaza

it's going to be the exact same as it was last year, you morons

(http://www.autoadmit.com/thread.php?thread_id=2712092&forum_id=2#26604101)



Reply Favorite

Date: October 28th, 2014 5:04 PM
Author: thriller light alpha

LJL biglawyers working 10000% harder than most professions and not getting appropriately comp'd

(http://www.autoadmit.com/thread.php?thread_id=2712092&forum_id=2#26604109)



Reply Favorite

Date: October 28th, 2014 5:08 PM
Author: aromatic autistic jap circlehead

Do u think if we apologize to latham they will give us 190k

(http://www.autoadmit.com/thread.php?thread_id=2712092&forum_id=2#26604132)



Reply Favorite

Date: October 28th, 2014 5:29 PM
Author: unhinged jewess

dear bob dell, sorry for getting my organs on ur scythe, ill not to flinch next time so u get a nice clean cut

(http://www.autoadmit.com/thread.php?thread_id=2712092&forum_id=2#26604238)



Reply Favorite

Date: October 28th, 2014 5:07 PM
Author: Histrionic Vermilion Queen Of The Night Fortuitous Meteor

(poasters who dont work at BOIES)

LJL. enjoy your bonus watch

(http://www.autoadmit.com/thread.php?thread_id=2712092&forum_id=2#26604122)



Reply Favorite

Date: October 28th, 2014 5:11 PM
Author: Swashbuckling resort

LJL i remember when they were begging median kids to be 1L SAs

(http://www.autoadmit.com/thread.php?thread_id=2712092&forum_id=2#26604144)



Reply Favorite

Date: November 2nd, 2014 1:06 PM
Author: Curious brethren macaca

How do you know a 1L sa will be median? Dont they hire before there's any grades

(http://www.autoadmit.com/thread.php?thread_id=2712092&forum_id=2#26633104)



Reply Favorite

Date: October 28th, 2014 5:08 PM
Author: Beady-eyed lodge

Probably the same it has been for the past however many years (6?) it hasn't changed a fucking bit, even though this has been a great year and PPP will be up across the board at V20s. We increasingly are living in a winner-takes-all world.

(http://www.autoadmit.com/thread.php?thread_id=2712092&forum_id=2#26604130)



Reply Favorite

Date: October 28th, 2014 5:10 PM
Author: sick filthpig plaza



(http://www.autoadmit.com/thread.php?thread_id=2712092&forum_id=2#26604139)



Reply Favorite

Date: October 28th, 2014 5:12 PM
Author: thriller light alpha

partners have no reason to give more to associates because they are fungible breh

(http://www.autoadmit.com/thread.php?thread_id=2712092&forum_id=2#26604148)



Reply Favorite

Date: October 28th, 2014 5:21 PM
Author: Beady-eyed lodge

Senior associates at top firms aren't really fungible. There is a big difference between the performance of a star and the worst associate on the floor in terms of hours, reliability, and work quality. (Shitty associates almost never get to work with the top partners, do depositions, run deals, etc.) There are also transaction costs to replacing associates like recruiter fees, lost time/hours while these new people learn relatively complicated internal systems/procedures, potential client issues, etc. The problem is that the "professional" nature of biglaw-including ethics/conflicts rules-makes quitting without another sure thing lined up nearly impossible. I guess this is all to say associates aren't fungible, but that they would have to be pretty severely underpaid before they considered walking out.

(http://www.autoadmit.com/thread.php?thread_id=2712092&forum_id=2#26604203)



Reply Favorite

Date: October 28th, 2014 5:23 PM
Author: sick filthpig plaza

there are a lot of shit senior associates at my firm who somehow don't get fired

(http://www.autoadmit.com/thread.php?thread_id=2712092&forum_id=2#26604215)



Reply Favorite

Date: October 28th, 2014 5:26 PM
Author: Beady-eyed lodge

I agree V20s keep a lot of shitty senior associates around (who make them plenty of money), but that is because the good ones are vital to keeping the place running and it actually is hard to replace them on short notice/not worth the cost of making a mistake and letting a good one go. You never see the shitty ones working with top partners and a good senior associate leaving can actually piss off a partner as they need people who have experience managing their work flow.

(http://www.autoadmit.com/thread.php?thread_id=2712092&forum_id=2#26604226)



Reply Favorite

Date: October 28th, 2014 5:16 PM
Author: hairraiser hospital

what does cravath give to a fourth year?

(http://www.autoadmit.com/thread.php?thread_id=2712092&forum_id=2#26604176)



Reply Favorite

Date: October 28th, 2014 5:19 PM
Author: Drab site knife

hemorrhoids?

thinning hair?

20 lbs in the mid-section?

(http://www.autoadmit.com/thread.php?thread_id=2712092&forum_id=2#26604189)



Reply Favorite

Date: October 28th, 2014 5:24 PM
Author: hairraiser hospital

heh

ED

(http://www.autoadmit.com/thread.php?thread_id=2712092&forum_id=2#26604221)



Reply Favorite

Date: October 28th, 2014 5:45 PM
Author: thriller light alpha

roflmao cr

(http://www.autoadmit.com/thread.php?thread_id=2712092&forum_id=2#26604328)



Reply Favorite

Date: October 28th, 2014 5:32 PM
Author: aqua self-absorbed kitchen

7500

(http://www.autoadmit.com/thread.php?thread_id=2712092&forum_id=2#26604253)



Reply Favorite

Date: October 28th, 2014 6:38 PM
Author: Flirting canary kitty

it is amazing to me looking through this thread how standards have changed. now a ~$50k bonus for a c/o of 2007 would be considered a nice bump. in 2007, c/o of 2006 got paid a $45k bonus and the senior associates were getting $110k.

(http://www.autoadmit.com/thread.php?thread_id=2712092&forum_id=2#26604629)



Reply Favorite

Date: October 29th, 2014 11:46 AM
Author: Anal karate chad

Any bump at all will be nice. Probably no bump at all though. As others said above, top firms aren't as busy as people think.

(http://www.autoadmit.com/thread.php?thread_id=2712092&forum_id=2#26608533)



Reply Favorite

Date: October 31st, 2014 1:07 AM
Author: coiffed bespoke psychic garrison

they are insanely busy

(http://www.autoadmit.com/thread.php?thread_id=2712092&forum_id=2#26619215)



Reply Favorite

Date: October 30th, 2014 11:54 PM
Author: aggressive stirring corner

fuck you. seriously.

you don't think everyone in this thread knows that bonuses have dipped. keep your fucking trap shut.

(http://www.autoadmit.com/thread.php?thread_id=2712092&forum_id=2#26618949)



Reply Favorite

Date: October 31st, 2014 12:29 PM
Author: Flirting canary kitty

you sound ir8. maybe you should stop billing so much for a measly bonus and leave.

(http://www.autoadmit.com/thread.php?thread_id=2712092&forum_id=2#26620751)



Reply Favorite

Date: November 17th, 2014 11:41 PM
Author: Khaki business firm



(http://www.autoadmit.com/thread.php?thread_id=2712092&forum_id=2#26741616)



Reply Favorite

Date: November 7th, 2014 11:01 PM
Author: Plum trip station party of the first part

Inflation adjusted senior associate comp in 2007 would be $430k now.

(http://www.autoadmit.com/thread.php?thread_id=2712092&forum_id=2#26671771)



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Date: October 30th, 2014 11:50 PM
Author: sick filthpig plaza

Law360, San Diego (October 27, 2014, 3:50 PM ET) -- While BigLaw profits are slowly climbing in 2014, most associates should expect their year-end bonuses to stay flat, experts say, as lateral hiring remains sluggish and top firms aren't forced to pull out the stops to retain talent.

Legal industry consultants say the market is the healthiest it's been since the financial crisis but there is still an overabundance of law school graduates, making it difficult for associates to squeeze extraordinary bonuses from their firms.

(http://www.autoadmit.com/thread.php?thread_id=2712092&forum_id=2#26618926)



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Date: October 31st, 2014 11:19 AM
Author: Anal karate chad

Ouch. Written by biglaw for biglaw.

(http://www.autoadmit.com/thread.php?thread_id=2712092&forum_id=2#26620438)



Reply Favorite

Date: November 7th, 2014 11:02 PM
Author: wonderful puce headpube liquid oxygen

Legal industry consultants say the market is the healthiest it's been since the financial crisis but there is still an overabundance of law school graduates, making it difficult for associates to squeeze extraordinary bonuses from their firms.

This is some TTT analysis

(http://www.autoadmit.com/thread.php?thread_id=2712092&forum_id=2#26671775)



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Date: November 12th, 2014 3:52 PM
Author: sick filthpig plaza

seems basically sound to me. basic supply and demand: there's a huge supply of fucking morons who went to law school between 2007 and now. therefore, they are easily replaceable

(http://www.autoadmit.com/thread.php?thread_id=2712092&forum_id=2#26703253)



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Date: October 31st, 2014 1:02 PM
Author: demanding quadroon

My firm is understaffed as it is and literally everyone is looking for a new job. If bonuses are the same this year that they've always been it's going to be a disaster for the partners. On the other hand, I'm not sure even big bonuses would convince most people to stay.

(http://www.autoadmit.com/thread.php?thread_id=2712092&forum_id=2#26620888)



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Date: October 31st, 2014 1:08 PM
Author: buff jet-lagged dopamine mood

I get 2-3 calls and 4-5 emails from recruiters a day looking to poach me from my firm - this may be in part due to my seniority, but feels like a stark departure from 1-2 years ago

(http://www.autoadmit.com/thread.php?thread_id=2712092&forum_id=2#26620923)



Reply Favorite

Date: October 31st, 2014 1:59 PM
Author: Blue jew

90% of those calls are for jobs at other firms which are paying the same.

(http://www.autoadmit.com/thread.php?thread_id=2712092&forum_id=2#26621215)



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Date: November 1st, 2014 9:04 PM
Author: Chartreuse bat shit crazy faggotry

bigger bonuses in a way should reduce lateral associate moves b/c associates often give up accrued bonus for that year.

(http://www.autoadmit.com/thread.php?thread_id=2712092&forum_id=2#26629518)



Reply Favorite

Date: November 4th, 2014 10:24 PM
Author: buff jet-lagged dopamine mood

this is why there is always a flood of departure emails right after bonuses are paid

(http://www.autoadmit.com/thread.php?thread_id=2712092&forum_id=2#26650093)



Reply Favorite

Date: November 4th, 2014 10:31 PM
Author: exciting gas station

That means the bonuses actually worked..... People stuck around until they got them....

Hard to measure how much they also get people to stay year after year, but I don't see people leaving right after as a sign of bonuses being ineffective

(http://www.autoadmit.com/thread.php?thread_id=2712092&forum_id=2#26650184)



Reply Favorite

Date: November 12th, 2014 12:38 PM
Author: Blue jew

Sort of, but we are talking people staying an extra couple months.

(http://www.autoadmit.com/thread.php?thread_id=2712092&forum_id=2#26702174)



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Date: November 4th, 2014 10:18 PM
Author: exciting gas station

Mine is similarly understaffed...

I think a significant increase is possible for mid and senior associates.

(http://www.autoadmit.com/thread.php?thread_id=2712092&forum_id=2#26650046)



Reply Favorite

Date: November 5th, 2014 10:47 AM
Author: Anal karate chad

Sweet! Already spending the increase!

(http://www.autoadmit.com/thread.php?thread_id=2712092&forum_id=2#26653353)



Reply Favorite

Date: October 31st, 2014 11:53 PM
Author: ruby selfie stag film

I'm not feeling a sense from firms that there's a need to raise bonuses this year. I don't see Cravath doing it - their business hasn't rebounded as much as some other firms and I don't think they have an appetite to be aggressive. There are a handful of other firms that could try to jump them, but the other firms know that their direct competitors will match so it will just cost them all money and won't give them a competitive advantage. There's also still a feeling that associate comp got raised too far in 2007, right before the financial collapse, and it will still be a while before inflation erodes it back down to a more reasonable level. (Reasonable being in the eye of the beholder, of course.) And the biggest driver is that supply still exceeds demand, which will limit attrition and keep a steady supply of new associates coming in. All of this says to me that Cravath will announce bonuses at the same level as last year and everyone else (except the usual outliers - e.g., Wachtell and Boies) will fall into line.

(http://www.autoadmit.com/thread.php?thread_id=2712092&forum_id=2#26624363)



Reply Favorite

Date: November 1st, 2014 1:20 AM
Author: Plum trip station party of the first part

I said that above. The associate attrition problem won't be solved with more money. There are NO juniors or mid levels especially in corporate. People who survived ITE are rare as hens teeth and any 2-5th year can pick up the phone and have another job in an hour if they have too much work or are unhappy. No amount of money is going to fix that. Only when the bigger SA classes of the last couple years work through will it fix itself and then only if some current mid/seniors stay.

(http://www.autoadmit.com/thread.php?thread_id=2712092&forum_id=2#26624712)



Reply Favorite

Date: November 12th, 2014 3:57 PM
Author: sick filthpig plaza

the reverse is true in litigation, at least at my firm. there are too many juniors and midlevels.

(http://www.autoadmit.com/thread.php?thread_id=2712092&forum_id=2#26703275)



Reply Favorite

Date: November 14th, 2014 12:51 PM
Author: Plum trip station party of the first part

You must be at DPW.

(http://www.autoadmit.com/thread.php?thread_id=2712092&forum_id=2#26715630)



Reply Favorite

Date: November 4th, 2014 10:30 PM
Author: Cobalt Odious Multi-billionaire Parlor



(http://www.autoadmit.com/thread.php?thread_id=2712092&forum_id=2#26650175)



Reply Favorite

Date: November 4th, 2014 10:33 PM
Author: exciting gas station

Estimate of class year / firm rank / hours?

I'm hoping for 60k.... Which would be a noticeable but not huge bump I think

(http://www.autoadmit.com/thread.php?thread_id=2712092&forum_id=2#26650194)



Reply Favorite

Date: November 4th, 2014 10:45 PM
Author: Cobalt Odious Multi-billionaire Parlor



(http://www.autoadmit.com/thread.php?thread_id=2712092&forum_id=2#26650345)



Reply Favorite

Date: November 4th, 2014 10:48 PM
Author: exciting gas station

Holy shit, that would be top 1% of associates at my v50

(http://www.autoadmit.com/thread.php?thread_id=2712092&forum_id=2#26650371)



Reply Favorite

Date: November 7th, 2014 10:57 PM
Author: Excitant crystalline nursing home giraffe

Class of 2014 — $12,500 (pro-rated)

Class of 2013 — $12,500

Class of 2012 — $15,000

Class of 2011 — $25,000

Class of 2010 — $35,000

Class of 2009 — $45,000

Class of 2008 — $55,000

Class of 2007 — $65,000

Class of 2006 — $75,000



(http://www.autoadmit.com/thread.php?thread_id=2712092&forum_id=2#26671740)



Reply Favorite

Date: November 7th, 2014 10:58 PM
Author: Plum trip station party of the first part

That would be a nice bump.

(http://www.autoadmit.com/thread.php?thread_id=2712092&forum_id=2#26671748)



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Date: November 8th, 2014 1:02 PM
Author: Anal karate chad

This actually makes a lot of sense. $15K bump for senior associates and the rest get smaller but still appreciable bumps. And the scale just looks right.

(http://www.autoadmit.com/thread.php?thread_id=2712092&forum_id=2#26674510)



Reply Favorite

Date: November 12th, 2014 11:33 AM
Author: Anal karate chad

Getting close to Tgiving!!!!

(http://www.autoadmit.com/thread.php?thread_id=2712092&forum_id=2#26701839)



Reply Favorite

Date: November 12th, 2014 11:38 AM
Author: buff jet-lagged dopamine mood

When are bonuses usually announced?

(http://www.autoadmit.com/thread.php?thread_id=2712092&forum_id=2#26701855)



Reply Favorite

Date: November 12th, 2014 3:48 PM
Author: Anal karate chad

Monday after Tgiving ... so December 1st.

(http://www.autoadmit.com/thread.php?thread_id=2712092&forum_id=2#26703227)



Reply Favorite

Date: November 12th, 2014 11:41 AM
Author: Beady-eyed lodge

I will bump this thread when idiots are wrong re: Cravath changing anything. Bonuses will be the same as last year. Biglaw has forever changed for the worse.

(http://www.autoadmit.com/thread.php?thread_id=2712092&forum_id=2#26701864)



Reply Favorite

Date: November 12th, 2014 12:00 PM
Author: Blue jew

We have the same thread every year. BUT DEALWORK HAS PICKED UP! There would be so much attrition! And its always the same. PPP drives everything.

(http://www.autoadmit.com/thread.php?thread_id=2712092&forum_id=2#26701958)



Reply Favorite

Date: November 12th, 2014 12:24 PM
Author: irradiated shrine

ppp is record levels bro

(http://www.autoadmit.com/thread.php?thread_id=2712092&forum_id=2#26702088)



Reply Favorite

Date: November 12th, 2014 12:39 PM
Author: Blue jew

Remember who you are dealing with. There are always more pennies to shake out of the piggy bank.

(http://www.autoadmit.com/thread.php?thread_id=2712092&forum_id=2#26702185)



Reply Favorite

Date: November 12th, 2014 3:59 PM
Author: sick filthpig plaza



(http://www.autoadmit.com/thread.php?thread_id=2712092&forum_id=2#26703290)



Reply Favorite

Date: November 14th, 2014 12:48 PM
Author: Plum trip station party of the first part

American lawyer says PPP at top firms is up 17% year over year for the first nine months of 2014.

(http://www.autoadmit.com/thread.php?thread_id=2712092&forum_id=2#26715607)



Reply Favorite

Date: November 14th, 2014 2:39 PM
Author: Anal karate chad

I now predict the following for c/o 2008, 2007 and 2006:

2008: $60K

2007: $75K

2006: $90K

A 50% increase over the last several years.

(http://www.autoadmit.com/thread.php?thread_id=2712092&forum_id=2#26716244)



Reply Favorite

Date: November 17th, 2014 10:58 AM
Author: Anal karate chad

Merger Monday today ... $100 billion between Actavis and Halliburton deals (although Cravath had no role in either). Got to be good as law firms sit down to discuss year end bonuses.

(http://www.autoadmit.com/thread.php?thread_id=2712092&forum_id=2#26736908)



Reply Favorite

Date: November 17th, 2014 11:12 AM
Author: Bateful dun den doctorate

ljl @ partners taking the most recent front page merger into account when discussing bonuses.

(http://www.autoadmit.com/thread.php?thread_id=2712092&forum_id=2#26736954)



Reply Favorite

Date: November 17th, 2014 11:34 AM
Author: Anal karate chad

Why wouldn't they take into account the $$$ coming their way and the associates who worked so hard to help make it happen? LJL at you.

(http://www.autoadmit.com/thread.php?thread_id=2712092&forum_id=2#26737051)



Reply Favorite

Date: November 17th, 2014 11:59 AM
Author: Plum trip station party of the first part

That would be outstanding, but it is not going to happen.

(http://www.autoadmit.com/thread.php?thread_id=2712092&forum_id=2#26737161)



Reply Favorite

Date: November 20th, 2014 1:45 PM
Author: frum field

lolno.

(http://www.autoadmit.com/thread.php?thread_id=2712092&forum_id=2#26757981)



Reply Favorite

Date: November 18th, 2014 11:52 PM
Author: Plum trip station party of the first part

M&A is supposedly been the best year since 2007.

(http://www.autoadmit.com/thread.php?thread_id=2712092&forum_id=2#26748377)



Reply Favorite

Date: November 19th, 2014 10:12 PM
Author: Cobalt Odious Multi-billionaire Parlor

Bump for biglol partner.

(http://www.autoadmit.com/thread.php?thread_id=2712092&forum_id=2#26754656)



Reply Favorite

Date: November 20th, 2014 1:39 PM
Author: Anal karate chad

Getting close now. One week from Monday we will know how big the BUMP is!!!!!!!!

(http://www.autoadmit.com/thread.php?thread_id=2712092&forum_id=2#26757945)



Reply Favorite

Date: November 21st, 2014 11:24 AM
Author: Out-of-control harsh point national security agency

http://blogs.wsj.com/law/2014/11/21/simpson-thacher-launches-bonus-season-with-some-big-numbers/

(http://www.autoadmit.com/thread.php?thread_id=2712092&forum_id=2#26764851)



Reply Favorite

Date: November 21st, 2014 11:26 AM
Author: aqua self-absorbed kitchen

2000: 125 + 45

2014: 160 + 15

14 years for a 3% bump!

(http://www.autoadmit.com/thread.php?thread_id=2712092&forum_id=2#26764857)