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2014 Year End Bonus Predictions Thread

For the Cravath lock-step peer group (i.e., most of Vault 20...
alcoholic crystalline stead
  10/28/14
50% bump for Cravath, not everyone follows
indigo underhanded quadroon
  10/28/14
Who do you predict will not follow Cravath from the V10 (cop...
alcoholic crystalline stead
  10/28/14
oh all those guys will. But the deeper you get into the v100...
indigo underhanded quadroon
  10/28/14
my friend at WLRK said it will be 100%
Flushed library lettuce
  10/28/14
what will
indigo underhanded quadroon
  10/28/14
bonuses at WLRK will be 100% of base has no bearing on th...
Flushed library lettuce
  10/28/14
It must be better than the last few years - deal work has pi...
Pale narrow-minded native
  10/28/14
No source but my guess is 5 to 10k bump for juniors increasi...
Jet Sticky Business Firm
  10/28/14
What year is mid-level? So you're saying c/o 2008 (sixth ye...
alcoholic crystalline stead
  10/28/14
probably 50k
useless up-to-no-good theater stage
  10/28/14
From $40 to $50 for c/o 2008 seems reasonable.
alcoholic crystalline stead
  10/28/14
Mid-level is generally 4 to 6 year and 7 to 8 is senior asso...
Jet Sticky Business Firm
  10/28/14
Seems reasonable. And there are far fewer mid and senior as...
alcoholic crystalline stead
  10/28/14
lol, no
emerald diverse sex offender macaca
  10/28/14
Explicate Is my firm unique in that mid-levels are pretty t...
Jet Sticky Business Firm
  10/28/14
there's an interesting conundrum going on right now in that ...
emerald diverse sex offender macaca
  10/28/14
Corporate work drives the bottom line at firms, doe
Jet Sticky Business Firm
  10/28/14
is litigation verifiably down? i just thought the top work w...
irate brunch gay wizard
  10/28/14
i haven't seen any data, but i get the sense from talking wi...
emerald diverse sex offender macaca
  10/28/14
there was definitely a flight to quality following ITE that ...
irate brunch gay wizard
  10/28/14
cravath doesn't give a fuck and if everyone just matches cra...
irate brunch gay wizard
  10/28/14
Thought banks raised salaries lately? Also in house picking...
Jet Sticky Business Firm
  10/28/14
241, bro
irate brunch gay wizard
  10/28/14
Can someone remind us what the Cravath scale has been for th...
Pale narrow-minded native
  10/28/14
Here you go. Class of 2013 — $10,000 (pro-rated) Clas...
alcoholic crystalline stead
  10/28/14
My prediction is it stays the same if only because CSM has n...
bateful stain mood
  10/28/14
This would be a terrible outcome and would fiercely hasten a...
alcoholic crystalline stead
  10/28/14
maybe for M&A, but where are the litigators going to go?...
emerald diverse sex offender macaca
  10/28/14
Litigation doesn't drive profits.
alcoholic crystalline stead
  10/28/14
profits don't drive bonuses. partners are going to look at ...
emerald diverse sex offender macaca
  10/28/14
Hours drive profits, but litigation has big discounts and M&...
alcoholic crystalline stead
  10/28/14
That was true before ITE, but litigation is a huge percentag...
bateful stain mood
  11/07/14
Conspicuous absence of KIRKLAND SHATTERS ITT
Spectacular lemon french chef kitty cat
  10/28/14
i love that post that went something like this: Class of ...
Flushed library lettuce
  10/28/14
they left off on 2007 "and you are making the same mone...
vibrant know-it-all psychic gaping
  10/28/14
Isn't it 2008 (you're a partner) now?
maize cheese-eating church partner
  10/28/14
SPRINTED into this thread hoping against hope that bro had r...
rusted striped hyena
  10/28/14
me too :(
Spectacular lemon french chef kitty cat
  10/28/14
He went pumo
Hairless Startling Turdskin Stage
  11/07/14
about $150k at my firm
maize cheese-eating church partner
  10/28/14
about $935,000 for 2011 grades and -100k for all less
Marvelous smoky kitchen
  10/28/14
i predict earl will be mad as fuck
irate brunch gay wizard
  10/28/14
I know everything sucks yeah
Jet Sticky Business Firm
  10/28/14
this def won't be the last time we hear earl complain. ironi...
irate brunch gay wizard
  10/28/14
it's going to be the exact same as it was last year, you mor...
emerald diverse sex offender macaca
  10/28/14
LJL biglawyers working 10000% harder than most professions a...
razzle fortuitous meteor ticket booth
  10/28/14
Do u think if we apologize to latham they will give us 190k
Jet Sticky Business Firm
  10/28/14
dear bob dell, sorry for getting my organs on ur scythe, ill...
Razzmatazz Menage
  10/28/14
(poasters who dont work at BOIES) LJL. enjoy your bonus w...
Big copper pistol
  10/28/14
LJL i remember when they were begging median kids to be 1L S...
irate brunch gay wizard
  10/28/14
How do you know a 1L sa will be median? Dont they hire befo...
sapphire stimulating stage
  11/02/14
Probably the same it has been for the past however many year...
Crimson locus
  10/28/14
...
emerald diverse sex offender macaca
  10/28/14
partners have no reason to give more to associates because t...
razzle fortuitous meteor ticket booth
  10/28/14
Senior associates at top firms aren't really fungible. Ther...
Crimson locus
  10/28/14
there are a lot of shit senior associates at my firm who som...
emerald diverse sex offender macaca
  10/28/14
I agree V20s keep a lot of shitty senior associates around (...
Crimson locus
  10/28/14
what does cravath give to a fourth year?
rusted striped hyena
  10/28/14
hemorrhoids? thinning hair? 20 lbs in the mid-section?
maize cheese-eating church partner
  10/28/14
heh ED
rusted striped hyena
  10/28/14
roflmao cr
razzle fortuitous meteor ticket booth
  10/28/14
7500
Trip Police Squad Whorehouse
  10/28/14
it is amazing to me looking through this thread how standard...
vigorous shimmering garrison headpube
  10/28/14
Any bump at all will be nice. Probably no bump at all thoug...
alcoholic crystalline stead
  10/29/14
they are insanely busy
Flatulent kink-friendly hell
  10/31/14
fuck you. seriously. you don't think everyone in this th...
Arousing wild dragon office
  10/30/14
you sound ir8. maybe you should stop billing so much for a ...
vigorous shimmering garrison headpube
  10/31/14
...
Pungent irradiated shrine
  11/17/14
Inflation adjusted senior associate comp in 2007 would be $4...
bateful stain mood
  11/07/14
Law360, San Diego (October 27, 2014, 3:50 PM ET) -- While Bi...
emerald diverse sex offender macaca
  10/30/14
Ouch. Written by biglaw for biglaw.
alcoholic crystalline stead
  10/31/14
Legal industry consultants say the market is the healthiest ...
Hairless Startling Turdskin Stage
  11/07/14
seems basically sound to me. basic supply and demand: there...
emerald diverse sex offender macaca
  11/12/14
My firm is understaffed as it is and literally everyone is l...
fluffy poppy trailer park
  10/31/14
I get 2-3 calls and 4-5 emails from recruiters a day looking...
Pale narrow-minded native
  10/31/14
90% of those calls are for jobs at other firms which are pay...
Bronze rebellious elastic band parlor
  10/31/14
bigger bonuses in a way should reduce lateral associate move...
Flushed library lettuce
  11/01/14
this is why there is always a flood of departure emails righ...
Pale narrow-minded native
  11/04/14
That means the bonuses actually worked..... People stuck aro...
Excitant mentally impaired forum
  11/04/14
Sort of, but we are talking people staying an extra couple m...
Bronze rebellious elastic band parlor
  11/12/14
Mine is similarly understaffed... I think a significant i...
Excitant mentally impaired forum
  11/04/14
Sweet! Already spending the increase!
alcoholic crystalline stead
  11/05/14
I'm not feeling a sense from firms that there's a need to ra...
ungodly temple telephone
  10/31/14
I said that above. The associate attrition problem won't be...
bateful stain mood
  11/01/14
the reverse is true in litigation, at least at my firm. the...
emerald diverse sex offender macaca
  11/12/14
You must be at DPW.
bateful stain mood
  11/14/14
...
provocative carmine casino
  11/04/14
Estimate of class year / firm rank / hours? I'm hoping fo...
Excitant mentally impaired forum
  11/04/14
...
provocative carmine casino
  11/04/14
Holy shit, that would be top 1% of associates at my v50
Excitant mentally impaired forum
  11/04/14
Class of 2014 — $12,500 (pro-rated) Class of 2013 — $12,5...
Orchid cerebral ceo legend
  11/07/14
That would be a nice bump.
bateful stain mood
  11/07/14
This actually makes a lot of sense. $15K bump for senior as...
alcoholic crystalline stead
  11/08/14
Getting close to Tgiving!!!!
alcoholic crystalline stead
  11/12/14
When are bonuses usually announced?
Pale narrow-minded native
  11/12/14
Monday after Tgiving ... so December 1st.
alcoholic crystalline stead
  11/12/14
I will bump this thread when idiots are wrong re: Cravath ch...
Crimson locus
  11/12/14
We have the same thread every year. BUT DEALWORK HAS PICKED...
Bronze rebellious elastic band parlor
  11/12/14
ppp is record levels bro
slippery parlour
  11/12/14
Remember who you are dealing with. There are always more pe...
Bronze rebellious elastic band parlor
  11/12/14
...
emerald diverse sex offender macaca
  11/12/14
American lawyer says PPP at top firms is up 17% year over ye...
bateful stain mood
  11/14/14
I now predict the following for c/o 2008, 2007 and 2006: ...
alcoholic crystalline stead
  11/14/14
Merger Monday today ... $100 billion between Actavis and Hal...
alcoholic crystalline stead
  11/17/14
ljl @ partners taking the most recent front page merger into...
supple haunted graveyard
  11/17/14
Why wouldn't they take into account the $$$ coming their way...
alcoholic crystalline stead
  11/17/14
That would be outstanding, but it is not going to happen.
bateful stain mood
  11/17/14
lolno.
Beady-eyed public bath
  11/20/14
M&A is supposedly been the best year since 2007.
bateful stain mood
  11/18/14
Bump for biglol partner.
provocative carmine casino
  11/19/14
Getting close now. One week from Monday we will know how bi...
alcoholic crystalline stead
  11/20/14
http://blogs.wsj.com/law/2014/11/21/simpson-thacher-launches...
180 cordovan den wagecucks
  11/21/14
2000: 125 + 45 2014: 160 + 15 14 years for a 3% bump!
Trip Police Squad Whorehouse
  11/21/14


Poast new message in this thread



Reply Favorite

Date: October 28th, 2014 3:01 PM
Author: alcoholic crystalline stead

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: indigo underhanded quadroon

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: alcoholic crystalline stead

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: indigo underhanded quadroon

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: Flushed library lettuce

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: indigo underhanded quadroon

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: Flushed library lettuce

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: Pale narrow-minded native

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: Jet Sticky Business Firm

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: alcoholic crystalline stead

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: useless up-to-no-good theater stage

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: alcoholic crystalline stead

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: Jet Sticky Business Firm

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: alcoholic crystalline stead

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: emerald diverse sex offender macaca

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: Jet Sticky Business Firm

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: emerald diverse sex offender macaca

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: Jet Sticky Business Firm

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: irate brunch gay wizard

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: emerald diverse sex offender macaca

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: irate brunch gay wizard

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: irate brunch gay wizard

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: Jet Sticky Business Firm

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: irate brunch gay wizard

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: Pale narrow-minded native

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: alcoholic crystalline stead

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: bateful stain mood

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: alcoholic crystalline stead

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: emerald diverse sex offender macaca

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: alcoholic crystalline stead

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: emerald diverse sex offender macaca

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: alcoholic crystalline stead

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: bateful stain mood

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: Spectacular lemon french chef kitty cat

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: Flushed library lettuce

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: vibrant know-it-all psychic gaping

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: maize cheese-eating church partner

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: rusted striped hyena

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: Spectacular lemon french chef kitty cat

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: Hairless Startling Turdskin Stage

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: maize cheese-eating church partner

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: Marvelous smoky kitchen

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: irate brunch gay wizard

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: Jet Sticky Business Firm

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: irate brunch gay wizard

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: emerald diverse sex offender macaca

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: razzle fortuitous meteor ticket booth

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: Jet Sticky Business Firm

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: Razzmatazz Menage

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: Big copper pistol

(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: irate brunch gay wizard

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: sapphire stimulating stage

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: Crimson locus

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: emerald diverse sex offender macaca



(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: razzle fortuitous meteor ticket booth

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: Crimson locus

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: emerald diverse sex offender macaca

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: Crimson locus

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: rusted striped hyena

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: maize cheese-eating church partner

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: rusted striped hyena

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: razzle fortuitous meteor ticket booth

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: Trip Police Squad Whorehouse

7500

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



Reply Favorite

Date: October 28th, 2014 6:38 PM
Author: vigorous shimmering garrison headpube

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: alcoholic crystalline stead

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: Flatulent kink-friendly hell

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: Arousing wild dragon office

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: vigorous shimmering garrison headpube

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: Pungent irradiated shrine



(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: bateful stain mood

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: emerald diverse sex offender macaca

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: alcoholic crystalline stead

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: Hairless Startling Turdskin Stage

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: emerald diverse sex offender macaca

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: fluffy poppy trailer park

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: Pale narrow-minded native

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: Bronze rebellious elastic band parlor

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: Flushed library lettuce

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: Pale narrow-minded native

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: Excitant mentally impaired 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)



Reply Favorite

Date: November 12th, 2014 12:38 PM
Author: Bronze rebellious elastic band parlor

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)



Reply Favorite

Date: November 4th, 2014 10:18 PM
Author: Excitant mentally impaired 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)



Reply Favorite

Date: November 5th, 2014 10:47 AM
Author: alcoholic crystalline stead

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: ungodly temple telephone

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: bateful stain mood

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: emerald diverse sex offender macaca

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: bateful stain mood

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: provocative carmine casino



(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: Excitant mentally impaired 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)



Reply Favorite

Date: November 4th, 2014 10:45 PM
Author: provocative carmine casino



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



Reply Favorite

Date: November 4th, 2014 10:48 PM
Author: Excitant mentally impaired 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)



Reply Favorite

Date: November 7th, 2014 10:57 PM
Author: Orchid cerebral ceo legend

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: bateful stain mood

That would be a nice bump.

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



Reply Favorite

Date: November 8th, 2014 1:02 PM
Author: alcoholic crystalline stead

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: alcoholic crystalline stead

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: Pale narrow-minded native

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: alcoholic crystalline stead

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: Crimson locus

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: Bronze rebellious elastic band parlor

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: slippery parlour

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: Bronze rebellious elastic band parlor

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: emerald diverse sex offender macaca



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



Reply Favorite

Date: November 14th, 2014 12:48 PM
Author: bateful stain mood

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: alcoholic crystalline stead

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: alcoholic crystalline stead

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: supple haunted graveyard

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: alcoholic crystalline stead

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: bateful stain mood

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: Beady-eyed public bath

lolno.

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



Reply Favorite

Date: November 18th, 2014 11:52 PM
Author: bateful stain mood

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: provocative carmine casino

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: alcoholic crystalline stead

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: 180 cordovan den wagecucks

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: Trip Police Squad Whorehouse

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)