Law School

[henche]

Doubt the scale will go up again. Two years in a row? Nah. I'm waiting until salary news comes out. NY to 190k?

I'm betting up.

[henche]

Also, just to make sure we're all following http://www.dailylawyertips.com/

[eliteflyer]

Ok what are bonuses gonna be like people? I'm getting tired of waiting for some old fart to decide to just do the same thing someone else did last year.

FWIW, DPW sent the market up on Tuesday night before Thanksgiving last year and but has not made a peep this year. The next logical time to announce would be the firm holiday party in a week from now.

[shiframeir]

Also, just to make sure we're all following http://www.dailylawyertips.com/

love a lot of stuff on that, but wish they focused on quality instead of quantity. Shouldn't lawyers focus on quality/prestige over pages/total hours?
I'm afraid bonuses are gonna start flat and then there will need to be a correction/top-up early next year (or later), but that will just force me to wait for my boni... 

[CS91]

love a lot of stuff on that, but wish they focused on quality instead of quantity. Shouldn't lawyers focus on quality/prestige over pages/total hours?
I'm afraid bonuses are gonna start flat and then there will need to be a correction/top-up early next year (or later), but that will just force me to wait for my boni...

Do people really think that they're gonna be lower than they were last year? I would assume that they'd at least stay at the same level.

[henche]

Cravath opened with last year's DPW scale. http://abovethelaw.com/2015/12/associate-bonus-watch-cravath-announces-its-2015-associate-bonuses/

[Ergel]

Every time I read things like this it makes me sad

[henche]

Every time I read things like this it makes me sad

I'm not sad. I'm getting a larger bonus than what many jobs pay in annual salary.

[Ergel]

I'm not sad. I'm getting a larger bonus than what many jobs pay in annual salary.

Thanks for rubbing it in

[henche]

Thanks for rubbing it in

Oops, sorry, I misread your tone.

[shiframeir]

Thanks for rubbing it in

I broke my fibula motzei shabbos, but we are still trying to get a deal signed, so i've billed 30+ hours since then, including calls and providing comments in waiting rooms. i am in severe pain and a bit loopy. be happy with your job, the grass always seems greener.

[henche]

I broke my fibula motzei shabbos, but we are still trying to get a deal signed, so i've billed 30+ hours since then, including calls and providing comments in waiting rooms. i am in severe pain and a bit loopy. be happy with your job, the grass always seems greener.

And don't forget that the dude who billed 1900 hours and never worked a second past midnight will get the same bonus as you...

[shiframeir]

And don't forget that the dude who billed 1900 hours and never worked a second past midnight will get the same bonus as you...

that's technically not true at my firm but would be true at many others...

[henche]

that's technically not true at my firm but would be true at many others...

Ok, but it being true is usually considered a good thing.

[Ergel]

I broke my fibula motzei shabbos, but we are still trying to get a deal signed, so i've billed 30+ hours since then, including calls and providing comments in waiting rooms. i am in severe pain and a bit loopy. be happy with your job, the grass always seems greener.

I am. Still doesn't mean sometimes I don't consider what I could be making

[shiframeir]

Ok, but it being true is usually considered a good thing.

R henche, why is equal pay for unequal value/effort a good thing?

[henche]

R henche, why is equal pay for unequal value/effort a good thing?

It isn't.

But equal pay for inferior effort is a good thing (for employees).

Meaning, if your firm pays market at 1900 and pays more for more, then good.  But if they pay <market for 1900 and you need to bill 2200 to get a market bonus, that's bad.

[shiframeir]

It isn't.

But equal pay for inferior effort is a good thing (for employees).

Meaning, if your firm pays market at 1900 and pays more for more, then good.  But if they pay <market for 1900 and you need to bill 2200 to get a market bonus, that's bad.

i hear, but it depends on a bunch of factors. at my place (with some slight changes in the thresholds) what you refer to as bad is the  basic setup, but if i can get away with a full salary and an 1800 hour year with no complaints, thats nice too.

in addition, at many second tier biglaw places i believe that u can get a bonus anyway if u prove your worth/value (i.e. once you've already put in a couple of years, the thresholds can be bent a lot).

[henche]

i hear, but it depends on a bunch of factors. at my place (with some slight changes in the thresholds) what you refer to as bad is the  basic setup, but if i can get away with a full salary and an 1800 hour year with no complaints, thats nice too.

in addition, at many second tier biglaw places i believe that u can get a bonus anyway if u prove your worth/value (i.e. once you've already put in a couple of years, the thresholds can be bent a lot).

Fair enough.  Base salary for 1800 beats salary plus bonus for billing 2100.

[Ergel]

Fair enough.  Base salary for 1800 beats salary plus bonus for billing 2100.

Wouldn't that depend on what the bonus is?