Latham to v80!

chimera
Posts: 7
Joined: Mon Jun 11, 2018 12:05 am

Re: Skadden to hours contingent bonus!

Post by chimera » Mon Jun 18, 2018 10:37 am

- - - - - - - wrote:
Sun Jun 17, 2018 6:19 pm
Would they not? Like soj said earlier, some practice groups' years are back loaded. It's easy to empathize with your friends in slower groups and compare yourselves to STB and DPW associates getting a bonus no matter what.

And the 8 people on the internet message board(s) will probably be very obnoxious about it. Plus there's Elie over there at the law blog. He's always willing to get vicariously fired up on behalf of real lawyers.
It does strike me as problematic that some associates will have billed 1800+ at the end of the year and gotten two bonuses while other associates will have done the same and gotten one. It makes Skadden look bad relative to other V10s.

User avatar
SmokeytheBear
Posts: 1055
Joined: Mon Jan 29, 2018 2:26 am

Re: tetelestai — cravath to 190 and boneus

Post by SmokeytheBear » Mon Jun 18, 2018 10:42 am

SmokeytheBear wrote:
Mon Jun 11, 2018 8:42 pm


Here is my guess (kind of shooting from the hip but not really):

Firms with similar PPL in LA, SF, SV, Chicago and DC will move with NYC is my speculation.

The super rich, based on profits per lawyer, include
Wachtell
Quin
Kirkland
S&C
GDC
Cahill
Milbank
Skadden
Simpson
Willkie
Cravath
Paul Weiss
Fried Frank
MTO
HH

Other firms who compete with those firms will join, such as Latham, Weil, Proskauer, Davis Polk, Sidley, Williams, and MAYBE OMM.

User avatar
romanticegotist
Posts: 500
Joined: Mon Jun 04, 2018 5:07 pm

Re: Skadden to hours contingent bonus!

Post by romanticegotist » Mon Jun 18, 2018 11:03 am

Legit strange that we haven't heard from GDC and Latham

Carpet Pissers

Re: Skadden to hours contingent bonus!

Post by Carpet Pissers » Mon Jun 18, 2018 11:05 am

romanticegotist wrote:
Mon Jun 18, 2018 11:03 am
Legit strange that we haven't heard from GDC and Latham
Legit strange Scotty boy at Milbank hasn't GIVEN ME THE REST OF MY MONEY.

- - - - - - -
Posts: 17
Joined: Mon Jun 11, 2018 11:00 am

Re: Skadden to hours contingent bonus!

Post by - - - - - - - » Mon Jun 18, 2018 11:26 am

A Latham birdie said that at their band camp or whatever last Friday they were told the memo would be sent this week. Maybe they need more time to draft the perfect laid back One Firm. email?

notlegaladvice
Posts: 181
Joined: Fri Jan 26, 2018 3:56 pm

Re: Skadden to hours contingent bonus!

Post by notlegaladvice » Mon Jun 18, 2018 11:46 am

hearing rumblings of a White & Case match + summer bonus

User avatar
bruinfan10
Posts: 17
Joined: Thu Jun 07, 2018 4:08 pm

Re: Skadden to hours contingent bonus!

Post by bruinfan10 » Mon Jun 18, 2018 11:50 am

romanticegotist wrote:
Mon Jun 18, 2018 11:03 am
Legit strange that we haven't heard from GDC and Latham
i'm right there with you brother. but according to ATL, Keker has announced a match, so I'm hoping CA firms follow in DROVES today.
Last edited by bruinfan10 on Mon Jun 18, 2018 11:51 am, edited 1 time in total.

User avatar
SmokeytheBear
Posts: 1055
Joined: Mon Jan 29, 2018 2:26 am

Re: Skadden to hours contingent bonus!

Post by SmokeytheBear » Mon Jun 18, 2018 11:51 am

- - - - - - - wrote:
Mon Jun 18, 2018 11:26 am
A Latham birdie said that at their band camp or whatever last Friday they were told the memo would be sent this week. Maybe they need more time to draft the perfect laid back One Firm. email?
That bird better get the damn word right.

- - - - - - -
Posts: 17
Joined: Mon Jun 11, 2018 11:00 am

Re: Skadden to hours contingent bonus!

Post by - - - - - - - » Mon Jun 18, 2018 11:57 am

I'm more of a Qyburn than a Varys. My birds speculate.

Image

User avatar
SmokeytheBear
Posts: 1055
Joined: Mon Jan 29, 2018 2:26 am

Re: Skadden to hours contingent bonus!

Post by SmokeytheBear » Mon Jun 18, 2018 11:59 am

bruinfan10 wrote:
Mon Jun 18, 2018 11:50 am
romanticegotist wrote:
Mon Jun 18, 2018 11:03 am
Legit strange that we haven't heard from GDC and Latham
i'm right there with you brother. but according to ATL, Keker has announced a match, so I'm hoping CA firms follow in DROVES today.
Did the chest thumping, mouth breathing, and grunting at TLS finally get the best of you?

User avatar
bruinfan10
Posts: 17
Joined: Thu Jun 07, 2018 4:08 pm

Re: Skadden to hours contingent bonus!

Post by bruinfan10 » Mon Jun 18, 2018 12:03 pm

SmokeytheBear wrote:
Mon Jun 18, 2018 11:59 am
bruinfan10 wrote:
Mon Jun 18, 2018 11:50 am
romanticegotist wrote:
Mon Jun 18, 2018 11:03 am
Legit strange that we haven't heard from GDC and Latham
i'm right there with you brother. but according to ATL, Keker has announced a match, so I'm hoping CA firms follow in DROVES today.
Did the chest thumping, mouth breathing, and grunting at TLS finally get the best of you?
I was behind on the whole "sale of TLS" saga, but started noticing all of a sudden that the only folks posting were very angry and very ignorant law students. so glad i found this thread instead.

Excellent117
Posts: 182
Joined: Thu Jan 25, 2018 6:48 pm

Re: Skadden to hours contingent bonus!

Post by Excellent117 » Mon Jun 18, 2018 1:04 pm

notlegaladvice wrote:
Mon Jun 18, 2018 11:46 am
hearing rumblings of a White & Case match + summer bonus
Looks like that's been confirmed: https://abovethelaw.com/2018/06/elite-b ... e-to-boot/

User avatar
soj
Posts: 3811
Joined: Mon Jan 29, 2018 8:39 pm

Re: Skadden to hours contingent bonus!

Post by soj » Mon Jun 18, 2018 1:06 pm

Elite Biglaw Firm
i kept scrolling down but the article only talks about white and case

User avatar
SmokeytheBear
Posts: 1055
Joined: Mon Jan 29, 2018 2:26 am

Re: Skadden to hours contingent bonus!

Post by SmokeytheBear » Mon Jun 18, 2018 1:07 pm

soj wrote:
Mon Jun 18, 2018 1:06 pm
Elite Biglaw Firm
i kept scrolling down but the article only talks about white and case
BOOOOOSH

User avatar
EncyclopediaOrange
Posts: 45
Joined: Sat Jan 27, 2018 1:18 am

Re: Skadden to hours contingent bonus!

Post by EncyclopediaOrange » Mon Jun 18, 2018 1:09 pm

soj wrote:
Mon Jun 18, 2018 1:06 pm
Elite Biglaw Firm
i kept scrolling down but the article only talks about white and case
wow owned.

Alitagator
Posts: 9
Joined: Tue Jun 05, 2018 10:55 am

Re: Skadden to hours contingent bonus!

Post by Alitagator » Mon Jun 18, 2018 1:17 pm

So Skadden is the only firm with a contingent summer bonus so far?

User avatar
SmokeytheBear
Posts: 1055
Joined: Mon Jan 29, 2018 2:26 am

Re: Skadden to hours contingent bonus!

Post by SmokeytheBear » Mon Jun 18, 2018 1:29 pm

Alitagator wrote:
Mon Jun 18, 2018 1:17 pm
So Skadden is the only firm with a contingent summer bonus so far?
I think a couple others did. Looked like WSGR maybe?

contingent bonus

Re: Skadden to hours contingent bonus!

Post by contingent bonus » Mon Jun 18, 2018 1:29 pm

wilson sonseni and goodwin had similar language.

riot
Posts: 1640
Joined: Thu Jan 25, 2018 6:36 pm

Re: Skadden to hours contingent bonus!

Post by riot » Mon Jun 18, 2018 1:31 pm

contingent bonus wrote:
Mon Jun 18, 2018 1:29 pm
wilson sonseni and goodwin had similar language.
this is not as entertaining

cfcm
Posts: 4186
Joined: Fri Jan 26, 2018 8:20 pm

Re: Skadden to hours contingent bonus!

Post by cfcm » Mon Jun 18, 2018 2:00 pm

Carpet Pissers wrote:
Mon Jun 18, 2018 11:05 am
romanticegotist wrote:
Mon Jun 18, 2018 11:03 am
Legit strange that we haven't heard from GDC and Latham
Legit strange Scotty boy at Milbank hasn't GIVEN ME THE REST OF MY MONEY.
This is because Milbank is going to RE-RAISE.

James Baxter
Posts: 578
Joined: Mon Jan 29, 2018 8:43 pm

Re: Skadden to hours contingent bonus!

Post by James Baxter » Mon Jun 18, 2018 2:01 pm

cfcm wrote:
Mon Jun 18, 2018 2:00 pm
Carpet Pissers wrote:
Mon Jun 18, 2018 11:05 am
romanticegotist wrote:
Mon Jun 18, 2018 11:03 am
Legit strange that we haven't heard from GDC and Latham
Legit strange Scotty boy at Milbank hasn't GIVEN ME THE REST OF MY MONEY.
This is because Milbank is going to RE-RAISE.
The first mover has been suspiciously quiet...


NY to 215k

User avatar
HeyPorter
Posts: 28
Joined: Tue Jun 12, 2018 10:25 am

Re: Skadden to hours contingent bonus!

Post by HeyPorter » Mon Jun 18, 2018 2:12 pm

James Baxter wrote:
Mon Jun 18, 2018 2:01 pm
cfcm wrote:
Mon Jun 18, 2018 2:00 pm
Carpet Pissers wrote:
Mon Jun 18, 2018 11:05 am
romanticegotist wrote:
Mon Jun 18, 2018 11:03 am
Legit strange that we haven't heard from GDC and Latham
Legit strange Scotty boy at Milbank hasn't GIVEN ME THE REST OF MY MONEY.
This is because Milbank is going to RE-RAISE.
The first mover has been suspiciously quiet...


NY to 215k
Y'all are freaking me out slightly, reminding me that the "Milbank scale" is still a thing. Even though Milbank will undoubtedly move to Cravath + bonus soon (after some grumblings from understandably upset partners), so long as the "Milbank scale" is still theoretically out there, cheap DC firms could jump on it and convince the rest of DC to follow suit with nobonus to boot

notlegaladvice
Posts: 181
Joined: Fri Jan 26, 2018 3:56 pm

Re: Skadden to hours contingent bonus!

Post by notlegaladvice » Mon Jun 18, 2018 2:15 pm

HeyPorter wrote:
Mon Jun 18, 2018 2:12 pm
James Baxter wrote:
Mon Jun 18, 2018 2:01 pm
cfcm wrote:
Mon Jun 18, 2018 2:00 pm
Carpet Pissers wrote:
Mon Jun 18, 2018 11:05 am
romanticegotist wrote:
Mon Jun 18, 2018 11:03 am
Legit strange that we haven't heard from GDC and Latham
Legit strange Scotty boy at Milbank hasn't GIVEN ME THE REST OF MY MONEY.
This is because Milbank is going to RE-RAISE.
The first mover has been suspiciously quiet...


NY to 215k
Y'all are freaking me out slightly, reminding me that the "Milbank scale" is still a thing. Even though Milbank will undoubtedly move to Cravath + bonus soon (after some grumblings from understandably upset partners), so long as the "Milbank scale" is still theoretically out there, cheap DC firms could jump on it and convince the rest of DC to follow suit with nobonus to boot
There's no way. The only thing that would be as bad for midlevel retention as not moving at all would be to move to a scale that shorts midlevels in a pretty substantial way. Too many NY firms with DC offices have moved to Cravath for that to happen.

User avatar
HeyPorter
Posts: 28
Joined: Tue Jun 12, 2018 10:25 am

Re: Skadden to hours contingent bonus!

Post by HeyPorter » Mon Jun 18, 2018 2:20 pm

notlegaladvice wrote:
Mon Jun 18, 2018 2:15 pm

There's no way. The only thing that would be as bad for midlevel retention as not moving at all would be to move to a scale that shorts midlevels in a pretty substantial way. Too many NY firms with DC offices have moved to Cravath for that to happen.
That's my thought process for why there has to be a DC raise of some sort. The lateral market would go kinda haywire if a midlevel in DC could pull in an extra $20k (not even counting bonuses) just by going to Skadden, Kirkland, Paul comma Weiss, Sidley, etc. etc.


Post Reply

Who is online

Users browsing this forum: No registered users and 3 guests