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2014 Year End Bonus Predictions Thread

For the Cravath lock-step peer group (i.e., most of Vault 20...
Coiffed bistre dingle berry
  10/28/14
50% bump for Cravath, not everyone follows
purple sneaky criminal
  10/28/14
Who do you predict will not follow Cravath from the V10 (cop...
Coiffed bistre dingle berry
  10/28/14
oh all those guys will. But the deeper you get into the v100...
purple sneaky criminal
  10/28/14
my friend at WLRK said it will be 100%
startled metal parlour gaming laptop
  10/28/14
what will
purple sneaky criminal
  10/28/14
bonuses at WLRK will be 100% of base has no bearing on th...
startled metal parlour gaming laptop
  10/28/14
It must be better than the last few years - deal work has pi...
swashbuckling pit
  10/28/14
No source but my guess is 5 to 10k bump for juniors increasi...
Rusted locale
  10/28/14
What year is mid-level? So you're saying c/o 2008 (sixth ye...
Coiffed bistre dingle berry
  10/28/14
probably 50k
Talented self-absorbed state
  10/28/14
From $40 to $50 for c/o 2008 seems reasonable.
Coiffed bistre dingle berry
  10/28/14
Mid-level is generally 4 to 6 year and 7 to 8 is senior asso...
Rusted locale
  10/28/14
Seems reasonable. And there are far fewer mid and senior as...
Coiffed bistre dingle berry
  10/28/14
lol, no
unholy bawdyhouse legal warrant
  10/28/14
Explicate Is my firm unique in that mid-levels are pretty t...
Rusted locale
  10/28/14
there's an interesting conundrum going on right now in that ...
unholy bawdyhouse legal warrant
  10/28/14
Corporate work drives the bottom line at firms, doe
Rusted locale
  10/28/14
is litigation verifiably down? i just thought the top work w...
Khaki Apoplectic Liquid Oxygen Roast Beef
  10/28/14
i haven't seen any data, but i get the sense from talking wi...
unholy bawdyhouse legal warrant
  10/28/14
there was definitely a flight to quality following ITE that ...
Khaki Apoplectic Liquid Oxygen Roast Beef
  10/28/14
cravath doesn't give a fuck and if everyone just matches cra...
Khaki Apoplectic Liquid Oxygen Roast Beef
  10/28/14
Thought banks raised salaries lately? Also in house picking...
Rusted locale
  10/28/14
241, bro
Khaki Apoplectic Liquid Oxygen Roast Beef
  10/28/14
Can someone remind us what the Cravath scale has been for th...
swashbuckling pit
  10/28/14
Here you go. Class of 2013 — $10,000 (pro-rated) Clas...
Coiffed bistre dingle berry
  10/28/14
My prediction is it stays the same if only because CSM has n...
slap-happy incel
  10/28/14
This would be a terrible outcome and would fiercely hasten a...
Coiffed bistre dingle berry
  10/28/14
maybe for M&A, but where are the litigators going to go?...
unholy bawdyhouse legal warrant
  10/28/14
Litigation doesn't drive profits.
Coiffed bistre dingle berry
  10/28/14
profits don't drive bonuses. partners are going to look at ...
unholy bawdyhouse legal warrant
  10/28/14
Hours drive profits, but litigation has big discounts and M&...
Coiffed bistre dingle berry
  10/28/14
That was true before ITE, but litigation is a huge percentag...
slap-happy incel
  11/07/14
Conspicuous absence of KIRKLAND SHATTERS ITT
violent twinkling telephone space
  10/28/14
i love that post that went something like this: Class of ...
startled metal parlour gaming laptop
  10/28/14
they left off on 2007 "and you are making the same mone...
buck-toothed electric gas station
  10/28/14
Isn't it 2008 (you're a partner) now?
unhinged theatre corn cake
  10/28/14
SPRINTED into this thread hoping against hope that bro had r...
bright locus lettuce
  10/28/14
me too :(
violent twinkling telephone space
  10/28/14
He went pumo
Umber spot
  11/07/14
about $150k at my firm
unhinged theatre corn cake
  10/28/14
about $935,000 for 2011 grades and -100k for all less
vibrant frozen turdskin
  10/28/14
i predict earl will be mad as fuck
Khaki Apoplectic Liquid Oxygen Roast Beef
  10/28/14
I know everything sucks yeah
Rusted locale
  10/28/14
this def won't be the last time we hear earl complain. ironi...
Khaki Apoplectic Liquid Oxygen Roast Beef
  10/28/14
it's going to be the exact same as it was last year, you mor...
unholy bawdyhouse legal warrant
  10/28/14
LJL biglawyers working 10000% harder than most professions a...
fragrant bipolar multi-billionaire private investor
  10/28/14
Do u think if we apologize to latham they will give us 190k
Rusted locale
  10/28/14
dear bob dell, sorry for getting my organs on ur scythe, ill...
diverse generalized bond
  10/28/14
(poasters who dont work at BOIES) LJL. enjoy your bonus w...
out-of-control indigo round eye
  10/28/14
LJL i remember when they were begging median kids to be 1L S...
Khaki Apoplectic Liquid Oxygen Roast Beef
  10/28/14
How do you know a 1L sa will be median? Dont they hire befo...
Razzmatazz tantric dragon
  11/02/14
Probably the same it has been for the past however many year...
magenta university
  10/28/14
...
unholy bawdyhouse legal warrant
  10/28/14
partners have no reason to give more to associates because t...
fragrant bipolar multi-billionaire private investor
  10/28/14
Senior associates at top firms aren't really fungible. Ther...
magenta university
  10/28/14
there are a lot of shit senior associates at my firm who som...
unholy bawdyhouse legal warrant
  10/28/14
I agree V20s keep a lot of shitty senior associates around (...
magenta university
  10/28/14
what does cravath give to a fourth year?
bright locus lettuce
  10/28/14
hemorrhoids? thinning hair? 20 lbs in the mid-section?
unhinged theatre corn cake
  10/28/14
heh ED
bright locus lettuce
  10/28/14
roflmao cr
fragrant bipolar multi-billionaire private investor
  10/28/14
7500
exhilarant coldplay fan kitty cat
  10/28/14
it is amazing to me looking through this thread how standard...
Irradiated abode pocket flask
  10/28/14
Any bump at all will be nice. Probably no bump at all thoug...
Coiffed bistre dingle berry
  10/29/14
they are insanely busy
At-the-ready skinny woman
  10/31/14
fuck you. seriously. you don't think everyone in this th...
Soul-stirring nibblets
  10/30/14
you sound ir8. maybe you should stop billing so much for a ...
Irradiated abode pocket flask
  10/31/14
...
cerebral impertinent hall
  11/17/14
Inflation adjusted senior associate comp in 2007 would be $4...
slap-happy incel
  11/07/14
Law360, San Diego (October 27, 2014, 3:50 PM ET) -- While Bi...
unholy bawdyhouse legal warrant
  10/30/14
Ouch. Written by biglaw for biglaw.
Coiffed bistre dingle berry
  10/31/14
Legal industry consultants say the market is the healthiest ...
Umber spot
  11/07/14
seems basically sound to me. basic supply and demand: there...
unholy bawdyhouse legal warrant
  11/12/14
My firm is understaffed as it is and literally everyone is l...
naked masturbator plaza
  10/31/14
I get 2-3 calls and 4-5 emails from recruiters a day looking...
swashbuckling pit
  10/31/14
90% of those calls are for jobs at other firms which are pay...
Emerald area legend
  10/31/14
bigger bonuses in a way should reduce lateral associate move...
startled metal parlour gaming laptop
  11/01/14
this is why there is always a flood of departure emails righ...
swashbuckling pit
  11/04/14
That means the bonuses actually worked..... People stuck aro...
Disgusting clown forum
  11/04/14
Sort of, but we are talking people staying an extra couple m...
Emerald area legend
  11/12/14
Mine is similarly understaffed... I think a significant i...
Disgusting clown forum
  11/04/14
Sweet! Already spending the increase!
Coiffed bistre dingle berry
  11/05/14
I'm not feeling a sense from firms that there's a need to ra...
Blue odious institution dysfunction
  10/31/14
I said that above. The associate attrition problem won't be...
slap-happy incel
  11/01/14
the reverse is true in litigation, at least at my firm. the...
unholy bawdyhouse legal warrant
  11/12/14
You must be at DPW.
slap-happy incel
  11/14/14
...
Spectacular pistol affirmative action
  11/04/14
Estimate of class year / firm rank / hours? I'm hoping fo...
Disgusting clown forum
  11/04/14
...
Spectacular pistol affirmative action
  11/04/14
Holy shit, that would be top 1% of associates at my v50
Disgusting clown forum
  11/04/14
Class of 2014 — $12,500 (pro-rated) Class of 2013 — $12,5...
spruce autistic home halford
  11/07/14
That would be a nice bump.
slap-happy incel
  11/07/14
This actually makes a lot of sense. $15K bump for senior as...
Coiffed bistre dingle berry
  11/08/14
Getting close to Tgiving!!!!
Coiffed bistre dingle berry
  11/12/14
When are bonuses usually announced?
swashbuckling pit
  11/12/14
Monday after Tgiving ... so December 1st.
Coiffed bistre dingle berry
  11/12/14
I will bump this thread when idiots are wrong re: Cravath ch...
magenta university
  11/12/14
We have the same thread every year. BUT DEALWORK HAS PICKED...
Emerald area legend
  11/12/14
ppp is record levels bro
Disrespectful high-end stage
  11/12/14
Remember who you are dealing with. There are always more pe...
Emerald area legend
  11/12/14
...
unholy bawdyhouse legal warrant
  11/12/14
American lawyer says PPP at top firms is up 17% year over ye...
slap-happy incel
  11/14/14
I now predict the following for c/o 2008, 2007 and 2006: ...
Coiffed bistre dingle berry
  11/14/14
Merger Monday today ... $100 billion between Actavis and Hal...
Coiffed bistre dingle berry
  11/17/14
ljl @ partners taking the most recent front page merger into...
sooty principal's office wagecucks
  11/17/14
Why wouldn't they take into account the $$$ coming their way...
Coiffed bistre dingle berry
  11/17/14
That would be outstanding, but it is not going to happen.
slap-happy incel
  11/17/14
lolno.
Brindle School Feces
  11/20/14
M&A is supposedly been the best year since 2007.
slap-happy incel
  11/18/14
Bump for biglol partner.
Spectacular pistol affirmative action
  11/19/14
Getting close now. One week from Monday we will know how bi...
Coiffed bistre dingle berry
  11/20/14
http://blogs.wsj.com/law/2014/11/21/simpson-thacher-launches...
lavender location
  11/21/14
2000: 125 + 45 2014: 160 + 15 14 years for a 3% bump!
exhilarant coldplay fan kitty cat
  11/21/14


Poast new message in this thread



Reply Favorite

Date: October 28th, 2014 3:01 PM
Author: Coiffed bistre dingle berry

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: purple sneaky criminal

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: Coiffed bistre dingle berry

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: purple sneaky criminal

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: startled metal parlour gaming laptop

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: purple sneaky criminal

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: startled metal parlour gaming laptop

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: swashbuckling pit

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: Rusted locale

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: Coiffed bistre dingle berry

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: Talented self-absorbed state

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: Coiffed bistre dingle berry

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: Rusted locale

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: Coiffed bistre dingle berry

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: unholy bawdyhouse legal warrant

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: Rusted locale

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: unholy bawdyhouse legal warrant

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: Rusted locale

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: Khaki Apoplectic Liquid Oxygen Roast Beef

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: unholy bawdyhouse legal warrant

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: Khaki Apoplectic Liquid Oxygen Roast Beef

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: Khaki Apoplectic Liquid Oxygen Roast Beef

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: Rusted locale

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: Khaki Apoplectic Liquid Oxygen Roast Beef

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: swashbuckling pit

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: Coiffed bistre dingle berry

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: slap-happy incel

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: Coiffed bistre dingle berry

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: unholy bawdyhouse legal warrant

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: Coiffed bistre dingle berry

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: unholy bawdyhouse legal warrant

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: Coiffed bistre dingle berry

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: slap-happy incel

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: violent twinkling telephone space

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: startled metal parlour gaming laptop

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: buck-toothed electric gas station

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: unhinged theatre corn cake

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: bright locus lettuce

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: violent twinkling telephone space

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: Umber spot

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: unhinged theatre corn cake

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: vibrant frozen turdskin

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: Khaki Apoplectic Liquid Oxygen Roast Beef

i predict earl will be mad as fuck

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



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Date: October 28th, 2014 5:02 PM
Author: Rusted locale

I know everything sucks yeah

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



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Date: October 28th, 2014 5:08 PM
Author: Khaki Apoplectic Liquid Oxygen Roast Beef

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)



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Date: October 28th, 2014 5:02 PM
Author: unholy bawdyhouse legal warrant

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)



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Date: October 28th, 2014 5:04 PM
Author: fragrant bipolar multi-billionaire private investor

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)



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Date: October 28th, 2014 5:08 PM
Author: Rusted locale

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)



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Date: October 28th, 2014 5:29 PM
Author: diverse generalized bond

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)



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Date: October 28th, 2014 5:07 PM
Author: out-of-control indigo round eye

(poasters who dont work at BOIES)

LJL. enjoy your bonus watch

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



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Date: October 28th, 2014 5:11 PM
Author: Khaki Apoplectic Liquid Oxygen Roast Beef

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)



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Date: November 2nd, 2014 1:06 PM
Author: Razzmatazz tantric dragon

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)



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Date: October 28th, 2014 5:08 PM
Author: magenta university

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)



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Date: October 28th, 2014 5:10 PM
Author: unholy bawdyhouse legal warrant



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



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Date: October 28th, 2014 5:12 PM
Author: fragrant bipolar multi-billionaire private investor

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)



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Date: October 28th, 2014 5:21 PM
Author: magenta university

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)



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Date: October 28th, 2014 5:23 PM
Author: unholy bawdyhouse legal warrant

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)



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Date: October 28th, 2014 5:26 PM
Author: magenta university

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)



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Date: October 28th, 2014 5:16 PM
Author: bright locus lettuce

what does cravath give to a fourth year?

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



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Date: October 28th, 2014 5:19 PM
Author: unhinged theatre corn cake

hemorrhoids?

thinning hair?

20 lbs in the mid-section?

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



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Date: October 28th, 2014 5:24 PM
Author: bright locus lettuce

heh

ED

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



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Date: October 28th, 2014 5:45 PM
Author: fragrant bipolar multi-billionaire private investor

roflmao cr

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



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Date: October 28th, 2014 5:32 PM
Author: exhilarant coldplay fan kitty cat

7500

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



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Date: October 28th, 2014 6:38 PM
Author: Irradiated abode pocket flask

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)



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Date: October 29th, 2014 11:46 AM
Author: Coiffed bistre dingle berry

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)



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Date: October 31st, 2014 1:07 AM
Author: At-the-ready skinny woman

they are insanely busy

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



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Date: October 30th, 2014 11:54 PM
Author: Soul-stirring nibblets

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)



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Date: October 31st, 2014 12:29 PM
Author: Irradiated abode pocket flask

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)



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Date: November 17th, 2014 11:41 PM
Author: cerebral impertinent hall



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



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Date: November 7th, 2014 11:01 PM
Author: slap-happy incel

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: unholy bawdyhouse legal warrant

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: Coiffed bistre dingle berry

Ouch. Written by biglaw for biglaw.

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



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Date: November 7th, 2014 11:02 PM
Author: Umber spot

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: unholy bawdyhouse legal warrant

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: naked masturbator plaza

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: swashbuckling pit

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)



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Date: October 31st, 2014 1:59 PM
Author: Emerald area legend

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: startled metal parlour gaming laptop

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)



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Date: November 4th, 2014 10:24 PM
Author: swashbuckling pit

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)



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Date: November 4th, 2014 10:31 PM
Author: Disgusting clown forum

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)



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Date: November 12th, 2014 12:38 PM
Author: Emerald area legend

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: Disgusting clown forum

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)



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Date: November 5th, 2014 10:47 AM
Author: Coiffed bistre dingle berry

Sweet! Already spending the increase!

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



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Date: October 31st, 2014 11:53 PM
Author: Blue odious institution dysfunction

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)



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Date: November 1st, 2014 1:20 AM
Author: slap-happy incel

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)



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Date: November 12th, 2014 3:57 PM
Author: unholy bawdyhouse legal warrant

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)



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Date: November 14th, 2014 12:51 PM
Author: slap-happy incel

You must be at DPW.

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



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Date: November 4th, 2014 10:30 PM
Author: Spectacular pistol affirmative action



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



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Date: November 4th, 2014 10:33 PM
Author: Disgusting clown forum

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)



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Date: November 4th, 2014 10:45 PM
Author: Spectacular pistol affirmative action



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



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Date: November 4th, 2014 10:48 PM
Author: Disgusting clown forum

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)



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Date: November 7th, 2014 10:57 PM
Author: spruce autistic home halford

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)



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Date: November 7th, 2014 10:58 PM
Author: slap-happy incel

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: Coiffed bistre dingle berry

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)



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Date: November 12th, 2014 11:33 AM
Author: Coiffed bistre dingle berry

Getting close to Tgiving!!!!

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



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Date: November 12th, 2014 11:38 AM
Author: swashbuckling pit

When are bonuses usually announced?

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



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Date: November 12th, 2014 3:48 PM
Author: Coiffed bistre dingle berry

Monday after Tgiving ... so December 1st.

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



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Date: November 12th, 2014 11:41 AM
Author: magenta university

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)



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Date: November 12th, 2014 12:00 PM
Author: Emerald area legend

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)



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Date: November 12th, 2014 12:24 PM
Author: Disrespectful high-end stage

ppp is record levels bro

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



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Date: November 12th, 2014 12:39 PM
Author: Emerald area legend

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)



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Date: November 12th, 2014 3:59 PM
Author: unholy bawdyhouse legal warrant



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



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Date: November 14th, 2014 12:48 PM
Author: slap-happy incel

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)



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Date: November 14th, 2014 2:39 PM
Author: Coiffed bistre dingle berry

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)



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Date: November 17th, 2014 10:58 AM
Author: Coiffed bistre dingle berry

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)



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Date: November 17th, 2014 11:12 AM
Author: sooty principal's office wagecucks

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: Coiffed bistre dingle berry

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: slap-happy incel

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: Brindle School Feces

lolno.

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



Reply Favorite

Date: November 18th, 2014 11:52 PM
Author: slap-happy incel

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: Spectacular pistol affirmative action

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: Coiffed bistre dingle berry

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: lavender location

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: exhilarant coldplay fan kitty cat

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)