2018 Bonus Discussion

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Expand view Topic review: 2018 Bonus Discussion

Re: 2018 Bonus Discussion

by Slytherpuff » Tue Jan 08, 2019 9:41 am

We're always right up against the budget for one of my big cases that's in discovery so I think a ton of my work is getting written off right now (and that's a client that needs incredibly specific details for everything you're doing).

The closest I've done to "review diligence documents" is for one of my older cases where I can just put down a nicer sounding version of "review and analyze x complaint" or "draft/revise x motion/brief/whatever." Billing seems to be a lot easier in the MTD stage.

Re: 2018 Bonus Discussion

by riot » Mon Jan 07, 2019 9:08 pm

What do you even put in a litigation bill?

Re: 2018 Bonus Discussion

by riot » Mon Jan 07, 2019 9:08 pm

I just want everyone ITT to know that I have billed over 40 hours to “review diligence documents” in the past five days.

Re: 2018 Bonus Discussion

by Desert Fox » Mon Jan 07, 2019 8:41 pm

riot wrote:
Wed Jan 02, 2019 9:10 pm
had a nice lol at the idea of clients being able to discern the difference between associate a and associate b billing 8 and 16 hours of “review and markup merger agreement” on their respective deals
This might be a difference between lit and Corp. but in lit we often have budgets that need to be stuck too (or at least near). Partners hate people who blow the budget on clear bullshit. Those hours get cut just to make the bill fit.

Galaxy brain is when the attorneys can figure out which bills can get blowed up and which can’t.

Creditor side bk? This bill shall know no limits.

I imagine V5 M&A is the no limits style.

Re: 2018 Bonus Discussion

by James Baxter » Thu Jan 03, 2019 1:39 am

lolwat wrote:
Wed Jan 02, 2019 11:08 pm
riot wrote:
Wed Jan 02, 2019 9:10 pm
had a nice lol at the idea of clients being able to discern the difference between associate a and associate b billing 8 and 16 hours of “review and markup merger agreement” on their respective deals
Some clients require a lot more detail than that. It may also just be more obvious in litigation. I can't just write "conduct legal research and draft motion xxx." Practically none of the clients we have would accept that. The biggest block I could have probably gotten away with was something like "attend trial proceedings for (day)" because the clients are OK knowing you were working from 9am to 4:30pm or whatever court hours are, plus breaks/lunches.
Oh man, I don’t know what I’d do without “attend to closing matters”

Re: 2018 Bonus Discussion

by lolwat » Wed Jan 02, 2019 11:08 pm

riot wrote:
Wed Jan 02, 2019 9:10 pm
had a nice lol at the idea of clients being able to discern the difference between associate a and associate b billing 8 and 16 hours of “review and markup merger agreement” on their respective deals
Some clients require a lot more detail than that. It may also just be more obvious in litigation. I can't just write "conduct legal research and draft motion xxx." Practically none of the clients we have would accept that. The biggest block I could have probably gotten away with was something like "attend trial proceedings for (day)" because the clients are OK knowing you were working from 9am to 4:30pm or whatever court hours are, plus breaks/lunches.

Re: 2018 Bonus Discussion

by riot » Wed Jan 02, 2019 9:10 pm

had a nice lol at the idea of clients being able to discern the difference between associate a and associate b billing 8 and 16 hours of “review and markup merger agreement” on their respective deals

Re: 2018 Bonus Discussion

by altoid » Wed Jan 02, 2019 8:22 pm

Johannes wrote:
Thu Dec 20, 2018 1:05 am
jingosaur wrote:
Wed Dec 19, 2018 7:26 pm
Associate wrote:
Wed Dec 19, 2018 6:53 pm
Some guy in my firm apparently got 100K for billing 3K hours. A partner said jokingly ppl will feel bad when compared to this associate's performance.

I was like nah bruh. Not even.
Sucks how billing 3000 hours is automatically viewed as "good performance". I've worked with a few people who have hit 3000 hours and working with them fucking sucks. It takes them so long to review things, they don't end up doing half the shit they say they're going to do, they're generally not very organized, they provide no mentorship/teaching because they don't have time. And weekends become the time to have calls and turn documents that a junior like me works on, so I'm working every weekend regardless of how busy I am.

Some people just get busy sometimes, but there are other who always gun for way more work than they should be taking on and it's super annoying.
They wouldn’t have people giving them 3k hours of work unless they were at least a good performer.
Yep, people do not appreciate inneficient associates. I am sure partners and clients will not look kindly if someone bills on something twice what other associates bill on similar things

Re: 2018 Bonus Discussion

by Johannes » Thu Dec 20, 2018 1:05 am

jingosaur wrote:
Wed Dec 19, 2018 7:26 pm
Associate wrote:
Wed Dec 19, 2018 6:53 pm
Some guy in my firm apparently got 100K for billing 3K hours. A partner said jokingly ppl will feel bad when compared to this associate's performance.

I was like nah bruh. Not even.
Sucks how billing 3000 hours is automatically viewed as "good performance". I've worked with a few people who have hit 3000 hours and working with them fucking sucks. It takes them so long to review things, they don't end up doing half the shit they say they're going to do, they're generally not very organized, they provide no mentorship/teaching because they don't have time. And weekends become the time to have calls and turn documents that a junior like me works on, so I'm working every weekend regardless of how busy I am.

Some people just get busy sometimes, but there are other who always gun for way more work than they should be taking on and it's super annoying.
They wouldn’t have people giving them 3k hours of work unless they were at least a good performer.

Re: 2018 Bonus Discussion

by Toni » Thu Dec 20, 2018 12:05 am

Bonus was up this year, but so were my hours. This is the one time of the year I wish I was working in NYC/DC.

Re: 2018 Bonus Discussion

by jingosaur » Wed Dec 19, 2018 7:26 pm

Associate wrote:
Wed Dec 19, 2018 6:53 pm
Some guy in my firm apparently got 100K for billing 3K hours. A partner said jokingly ppl will feel bad when compared to this associate's performance.

I was like nah bruh. Not even.
Sucks how billing 3000 hours is automatically viewed as "good performance". I've worked with a few people who have hit 3000 hours and working with them fucking sucks. It takes them so long to review things, they don't end up doing half the shit they say they're going to do, they're generally not very organized, they provide no mentorship/teaching because they don't have time. And weekends become the time to have calls and turn documents that a junior like me works on, so I'm working every weekend regardless of how busy I am.

Some people just get busy sometimes, but there are other who always gun for way more work than they should be taking on and it's super annoying.

Re: 2018 Bonus Discussion

by Associate » Wed Dec 19, 2018 6:53 pm

Some guy in my firm apparently got 100K for billing 3K hours. A partner said jokingly ppl will feel bad when compared to this associate's performance.

I was like nah bruh. Not even.

Re: 2018 Bonus Discussion

by Desert Fox » Wed Dec 19, 2018 9:03 am

No shattering this year? What did they give.

Re: 2018 Bonus Discussion

by Captain Kirk » Wed Dec 19, 2018 8:24 am

Kirkland has moved to just nudging the market this year.

Re: 2018 Bonus Discussion

by UVA2B » Wed Nov 21, 2018 4:48 pm

The first two ATL bonus notes I saw were for Kaplan and Wilkinson doing elite boutique things, and gave up there being anything interesting happening in bonus season.

Unless you think Fried Frank paying for basically corpses on 130% bonuses is good news.

Re: 2018 Bonus Discussion

by beep » Wed Nov 21, 2018 4:41 pm

bizbro wrote:
Wed Nov 21, 2018 3:26 pm
ATL can go fuck themselves and the garbage they keep posting.
i'll take these kinds of stupid takes over elie's deranged schtick or the smalllaw inferiority complex guy

Re: 2018 Bonus Discussion

by heythatslife » Wed Nov 21, 2018 3:29 pm

Kent and Staci can go fuck themselves.

Re: 2018 Bonus Discussion

by bizbro » Wed Nov 21, 2018 3:26 pm

ATL can go fuck themselves and the garbage they keep posting.

Re: 2018 Bonus Discussion

by cfcm » Tue Nov 20, 2018 7:06 pm

Re: 2018 Bonus Discussion (Cravath flat)

by James Baxter » Mon Nov 19, 2018 6:42 pm

Petition to change thread name to (fuck Cravath)

Re: 2018 Bonus Discussion (Cravath flat)

by Desert Fox » Mon Nov 19, 2018 5:53 pm

boooooo

Re: 2018 Bonus Discussion (Cravath flat)

by bonusgirl » Mon Nov 19, 2018 5:52 pm

You think firms will issue special winter bonuses again? Im looking at you Cahill

Re: 2018 Bonus Discussion (Cravath flat)

by James Baxter » Mon Nov 19, 2018 4:17 pm

I guess that eliminates another big dick Milbank move by announcing first

Re: 2018 Bonus Discussion

by cfcm » Mon Nov 19, 2018 3:09 pm

Re: 2018 Bonus Discussion

by riot » Mon Nov 19, 2018 11:35 am

cfcm wrote:
Mon Nov 19, 2018 11:27 am
Oh wait, you mean just like, above market bonuses to ***star performers***?
Yes or just hours based

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