2019 Bonus Discussion

Bonuses this year will be...?

Up!
2
18%
Flat
8
73%
Down
0
No votes
NO BONUS
1
9%
 
Total votes: 11

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Slytherpuff
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Re: 2019 Bonus Discussion

Post by Slytherpuff » Mon Nov 11, 2019 4:02 pm


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Slytherpuff
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Re: 2019 Bonus Discussion

Post by Slytherpuff » Mon Nov 11, 2019 4:02 pm

Which firm can we count on to battle it out with Cravath/Milbank and raise the bar this year?

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Jubo
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Re: 2019 Bonus Discussion

Post by Jubo » Mon Nov 11, 2019 5:47 pm

S&C if they think it's an opportunity to prestige grab, Skadden if it wants to get back at all the "Not a real V5"ers, maybe Debevoise to boost its Vault ranking after seeing Milbank jump like 15 spots?

Just reaching here.

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Slytherpuff
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Re: 2019 Bonus Discussion

Post by Slytherpuff » Tue Nov 12, 2019 10:59 am

Maybe Simpson Thacher so they can relive their glory days of being market leaders for compensation (back in 2007)

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Slytherpuff
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Re: 2019 Bonus Discussion

Post by Slytherpuff » Tue Nov 12, 2019 11:00 am

Paul Weiss didn't feel like rocking the boat though:
https://abovethelaw.com/2019/11/biglaw- ... ouncement/

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Skers
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Re: 2019 Bonus Discussion

Post by Skers » Tue Nov 12, 2019 11:21 am

No one is raising this year. Everyone will be batten down the hatches and waiting to see if there's a downturn next year based on partner convos and hiring trends around here.

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BlendedUnicorn
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Re: 2019 Bonus Discussion

Post by BlendedUnicorn » Tue Nov 12, 2019 11:59 am

Skers wrote:
Tue Nov 12, 2019 11:21 am
No one is raising this year. Everyone will be batten down the hatches and waiting to see if there's a downturn next year based on partner convos and hiring trends around here.
This is my sense as well

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Slytherpuff
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Re: 2019 Bonus Discussion

Post by Slytherpuff » Tue Nov 12, 2019 2:40 pm

You've forgotten the NY to 180 190 200 spirit already. Stay optimistic and keep bringing it up until it happens. Save the downturn talk for elsewhere.

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Slytherpuff
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Re: 2019 Bonus Discussion

Post by Slytherpuff » Tue Nov 12, 2019 2:44 pm

Here's where everyone's at so far though:
https://abovethelaw.com/2019/11/biglaw- ... fall-2019/

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Johannes
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Re: 2019 Bonus Discussion

Post by Johannes » Tue Nov 12, 2019 10:22 pm

Hoping for raises before the downturn is just asking for a duller blade before the lathaming

Ny remains; everyone else to 160k please and thank you

210Watch

Re: 2019 Bonus Discussion

Post by 210Watch » Wed Nov 13, 2019 9:45 am

NY to $210k.

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Skers
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Re: 2019 Bonus Discussion

Post by Skers » Wed Nov 13, 2019 10:36 am

Slytherpuff wrote:
Tue Nov 12, 2019 2:40 pm
You've forgotten the NY to 180 190 200 spirit already. Stay optimistic and keep bringing it up until it happens. Save the downturn talk for elsewhere.
At this point I just settle for free bubbly water.

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Desert Fox
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Re: 2019 Bonus Discussion

Post by Desert Fox » Thu Nov 14, 2019 5:08 pm

midlevels and juniors get a bit screwed because senior associates gotta get a bigger bonus but our all in cop is over 400k, which is a lot considered half of them are barely hanging on / checking out.

BostonRob
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Re: 2019 Bonus Discussion

Post by BostonRob » Fri Nov 15, 2019 9:58 am

The comp takes a big jump for 3rd year bonus/4th year base salary because that's when you are in the best sort of position to jump.

riot
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Re: 2019 Bonus Discussion

Post by riot » Fri Nov 15, 2019 1:45 pm

It’s kind of silly though because it’s the same across all of big law. It’s retention at the industry level but not really at the individual firm level

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Re: 2019 Bonus Discussion

Post by -__________________- » Fri Nov 15, 2019 1:51 pm

Well it's retention within the biglaw cartel

DPW Associate

Re: 2019 Bonus Discussion

Post by DPW Associate » Sun Nov 17, 2019 12:19 am

210Watch wrote:
Wed Nov 13, 2019 9:45 am
NY to $210k.
Davis Polk is having an associate town hall next week at which I assume this will be announced. What else is there to discuss?

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Slytherpuff
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Re: 2019 Bonus Discussion

Post by Slytherpuff » Mon Nov 18, 2019 1:53 pm

DPW Associate wrote:
Sun Nov 17, 2019 12:19 am
210Watch wrote:
Wed Nov 13, 2019 9:45 am
NY to $210k.
Davis Polk is having an associate town hall next week at which I assume this will be announced. What else is there to discuss?
Yep, I can't wait to hear the NY to $210k announcement. But maybe another firm will beat them to it!

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SmittyWerben
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Re: 2019 Bonus Discussion

Post by SmittyWerben » Wed Nov 27, 2019 9:36 am

Any DPW nerds want to chime in on how that bonus meeting went?

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Desert Fox
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Re: 2019 Bonus Discussion

Post by Desert Fox » Sat Nov 30, 2019 6:15 pm

If its anything like how those types of meetings go at my firm:

20 minutes of - RECORD PROFITS

5 minutes of -- BONEUS FLAT, won't anyone thing of pantherns children from a second marriage.

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Re: 2019 Bonus Discussion

Post by -__________________- » Sat Nov 30, 2019 11:00 pm

my firms scale never changes but a few years ago they cut the "regular" bonus in half and added a "discretionary" bonus to get up to matching so it feels like a special treat

dpw anon

Re: 2019 Bonus Discussion

Post by dpw anon » Sun Dec 01, 2019 6:05 pm

SmittyWerben wrote:
Wed Nov 27, 2019 9:36 am
Any DPW nerds want to chime in on how that bonus meeting went?
There were actually no questions asked about this. From the general vibe of the meeting, I’m guessing people felt it wasn’t the time or place.

A few questions about working from home, flex time, health care costs, but none about comp or bonuses.

Bonus

Re: 2019 Bonus Discussion

Post by Bonus » Tue Dec 03, 2019 11:00 am

So do we think salaries will increase next summer or do we have to wait and hope that the bonuses increase next year?

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Slytherpuff
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Re: 2019 Bonus Discussion

Post by Slytherpuff » Tue Dec 03, 2019 11:32 am

Bonus wrote:
Tue Dec 03, 2019 11:00 am
So do we think salaries will increase next summer or do we have to wait and hope that the bonuses increase next year?
We need summer bonuses again, at the very least.

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Re: 2019 Bonus Discussion

Post by -__________________- » Tue Dec 03, 2019 12:20 pm

I'm sure we'll get great recession bonuses

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