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When does Sullivan & Cromwell announce bonuses?
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Date: November 26th, 2014 10:13 AM Author: honey-headed windowlicker Need them to blow Davis Polk out of the water!!!! (http://www.autoadmit.com/thread.php?thread_id=2739688&forum_id=2/#26803264) |
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Date: November 28th, 2014 3:01 PM Author: honey-headed windowlicker Bump. And will S&C match Davis Polk or Cravath scale????? (http://www.autoadmit.com/thread.php?thread_id=2739688&forum_id=2/#26817396) |
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Date: November 28th, 2014 3:05 PM Author: Jet Elastic Band My guess is S&C goes with DPW scale but with the 110k for 7/8 from Skadden. (http://www.autoadmit.com/thread.php?thread_id=2739688&forum_id=2/#26817431) |
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Date: November 28th, 2014 3:20 PM Author: honey-headed windowlicker Thanks for your guess. I agree that would make sense. Do you then think cravath, Weil and others who matched the lower scale would then reissue bonus memos at the higher market scale? (http://www.autoadmit.com/thread.php?thread_id=2739688&forum_id=2/#26817497) |
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Date: November 28th, 2014 3:23 PM Author: Bronze disturbing native They could offer spring discretionary bonuses to get total comp to the same place. Didn't this happen in 2011? (http://www.autoadmit.com/thread.php?thread_id=2739688&forum_id=2/#26817509) |
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Date: November 28th, 2014 3:29 PM Author: honey-headed windowlicker Yes but that was the year that the rest of the market matched so then they would still be below market (http://www.autoadmit.com/thread.php?thread_id=2739688&forum_id=2/#26817533) |
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Date: November 28th, 2014 3:59 PM Author: Bronze disturbing native I mean that if the rest of the market went to DPW and left people behind, they could just gross up...and would probably have to (http://www.autoadmit.com/thread.php?thread_id=2739688&forum_id=2/#26817628) |
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Date: November 28th, 2014 4:06 PM Author: honey-headed windowlicker Got it thx. Do you foresee the market moving to the DPW scale next week? (http://www.autoadmit.com/thread.php?thread_id=2739688&forum_id=2/#26817659) |
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Date: November 28th, 2014 4:11 PM Author: Bronze disturbing native Not immediately but they will. Why would everyone else who will match STB let there be any daylight between that and the market. However if Fried Willkie and STB were to just jump back an immediate add-on, they would look cheap and petty and easily bullied (http://www.autoadmit.com/thread.php?thread_id=2739688&forum_id=2/#26817677) |
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Date: November 28th, 2014 4:18 PM Author: honey-headed windowlicker My thoughts too. DPW or higher will be market scale by end of year. (http://www.autoadmit.com/thread.php?thread_id=2739688&forum_id=2/#26817705) |
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Date: November 28th, 2014 4:20 PM Author: Bronze disturbing native yny (http://www.autoadmit.com/thread.php?thread_id=2739688&forum_id=2/#26817721) |
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Date: December 3rd, 2014 10:24 AM Author: honey-headed windowlicker Today is the day! (http://www.autoadmit.com/thread.php?thread_id=2739688&forum_id=2/#26847957) |
Date: November 29th, 2014 11:01 AM Author: racy temple (http://www.autoadmit.com/thread.php?thread_id=2739688&forum_id=2/#26822125) |
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Date: November 29th, 2014 12:18 PM Author: honey-headed windowlicker SInce you bumped, what are your thoughts and hopes? (http://www.autoadmit.com/thread.php?thread_id=2739688&forum_id=2/#26822358) |
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Date: November 29th, 2014 12:22 PM Author: racy temple I hope s and c blows dpw out of the water and the market matches.
I think s and c will match dpw. I'm not sure the rest of the market will feel compelled to match, but really hope the do. |
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Date: November 30th, 2014 11:47 PM Author: honey-headed windowlicker So do we find out this week? Tomorrow Monday after thanksgiving is traditional time you find out bonus from Cravath ... Maybe S&C comes through tomorrow or at least by end of week. Thoughts? (http://www.autoadmit.com/thread.php?thread_id=2739688&forum_id=2/#26833375) |
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Date: November 30th, 2014 11:49 PM Author: Bronze disturbing native Why look to S&C to lead in the first place (http://www.autoadmit.com/thread.php?thread_id=2739688&forum_id=2/#26833404) |
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Date: December 1st, 2014 12:53 AM Author: honey-headed windowlicker True could be anyone. Let's hope for the best (http://www.autoadmit.com/thread.php?thread_id=2739688&forum_id=2/#26833790) |
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Date: December 1st, 2014 2:40 PM Author: racy temple Fingers crossed.... (http://www.autoadmit.com/thread.php?thread_id=2739688&forum_id=2/#26836015) |
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Date: December 1st, 2014 3:12 PM Author: honey-headed windowlicker The wait is killing me. Really need some good news today. Come on!!! (http://www.autoadmit.com/thread.php?thread_id=2739688&forum_id=2/#26836152) |
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Date: December 1st, 2014 7:12 PM Author: honey-headed windowlicker Nothing today I guess. Maybe tomorrow! (http://www.autoadmit.com/thread.php?thread_id=2739688&forum_id=2/#26837977) |
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Date: December 1st, 2014 9:14 PM Author: Bronze disturbing native They will all get there & I am really confident in this based on personal knowledge. Rest easy brother. (http://www.autoadmit.com/thread.php?thread_id=2739688&forum_id=2/#26838692) |
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Date: December 1st, 2014 10:33 PM Author: racy temple (http://www.autoadmit.com/thread.php?thread_id=2739688&forum_id=2/#26839202) |
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Date: December 1st, 2014 9:06 PM Author: racy temple (http://www.autoadmit.com/thread.php?thread_id=2739688&forum_id=2/#26838639) |
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Date: December 1st, 2014 9:11 PM Author: Marvelous center dingle berry (xo 2006) (http://www.autoadmit.com/thread.php?thread_id=2739688&forum_id=2/#26838674) |
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Date: December 1st, 2014 10:41 PM Author: Vibrant Doctorate chill fratty inhouse brehs MAF (http://www.autoadmit.com/thread.php?thread_id=2739688&forum_id=2/#26839247) |
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Date: December 2nd, 2014 2:26 AM Author: Multi-colored chapel I'm hoping against hope that Holland and Hart's Jackson Hole office adopts the quarter DPW scale. (http://www.autoadmit.com/thread.php?thread_id=2739688&forum_id=2/#26840722) |
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Date: December 2nd, 2014 2:12 PM Author: honey-headed windowlicker Man I really thought we would have updated bonus news by now, didn't all of you? (http://www.autoadmit.com/thread.php?thread_id=2739688&forum_id=2/#26842538) |
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Date: December 2nd, 2014 7:53 PM Author: Multi-colored chapel I agree. Moose jerkey and ski passes don't pay for themselves (http://www.autoadmit.com/thread.php?thread_id=2739688&forum_id=2/#26844509) |
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Date: December 2nd, 2014 2:26 PM Author: thriller marketing idea reading party (http://www.autoadmit.com/thread.php?thread_id=2739688&forum_id=2/#26842618) |
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Date: December 2nd, 2014 2:23 PM Author: racy temple (http://www.autoadmit.com/thread.php?thread_id=2739688&forum_id=2/#26842594) |
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Date: December 2nd, 2014 2:33 PM Author: Adventurous Fuchsia Sweet Tailpipe Rigor Nothing yet! (http://www.autoadmit.com/thread.php?thread_id=2739688&forum_id=2/#26842667) |
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Date: December 2nd, 2014 2:46 PM Author: honey-headed windowlicker Fuck ... when!?!?!! Need that extra bling bling. (http://www.autoadmit.com/thread.php?thread_id=2739688&forum_id=2/#26842738) |
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Date: December 2nd, 2014 2:47 PM Author: bull headed station kitty A buddy at S&C just leaked to me that they're bringing back free fountain soda (http://www.autoadmit.com/thread.php?thread_id=2739688&forum_id=2/#26842747) |
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Date: December 2nd, 2014 10:46 PM Author: thriller marketing idea reading party (http://www.autoadmit.com/thread.php?thread_id=2739688&forum_id=2/#26845727) |
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Date: December 2nd, 2014 3:16 PM Author: racy temple Nothing yet. (http://www.autoadmit.com/thread.php?thread_id=2739688&forum_id=2/#26842921) |
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Date: December 2nd, 2014 3:31 PM Author: Naked Cowardly Boltzmann there's a rumor floating around that S&C is going to pull out all the stops this year and forego partnership draws while liquidating their capital account to just bury associates with money not sure if it's true but they'd definitely establish themselves as comp leaders by doing this so I can see how it would make sense. (http://www.autoadmit.com/thread.php?thread_id=2739688&forum_id=2/#26842991) |
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Date: December 2nd, 2014 10:39 PM Author: Odious step-uncle's house (http://www.autoadmit.com/thread.php?thread_id=2739688&forum_id=2/#26845653) |
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Date: December 2nd, 2014 3:34 PM Author: Slap-happy cruel-hearted puppy spot the DPW scale is just like $10-15k more for 2 class years? doesn't seem like a big enough difference to move the market (http://www.autoadmit.com/thread.php?thread_id=2739688&forum_id=2/#26843020) |
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Date: December 2nd, 2014 3:45 PM Author: honey-headed windowlicker More like 4 or 5 class years ... and it's $5-10K difference. I cant imagine S&C comes out and doesn't at least match that. And since S&C is a market leader, the others will have to match. Let me know if you disagree... (http://www.autoadmit.com/thread.php?thread_id=2739688&forum_id=2/#26843053) |
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Date: December 2nd, 2014 5:51 PM Author: racy temple (http://www.autoadmit.com/thread.php?thread_id=2739688&forum_id=2/#26843827) |
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Date: December 2nd, 2014 10:34 PM Author: Adventurous Fuchsia Sweet Tailpipe Rigor Double DPW!! (http://www.autoadmit.com/thread.php?thread_id=2739688&forum_id=2/#26845616) |
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Date: December 2nd, 2014 10:45 PM Author: honey-headed windowlicker Seriously when will we hear updated bonus scale news? (http://www.autoadmit.com/thread.php?thread_id=2739688&forum_id=2/#26845715) |
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Date: December 2nd, 2014 10:49 PM Author: bull headed station kitty Silicon Valley is blowing up right now in terms of start ups. Competition with SF and Palo Alto firms pushed comp up from 87k to 125k in the late 90s and early 2000s... Why don't MoFo, Wilson Sonsini, Cooley, et. al. push the envelope as well right now? (http://www.autoadmit.com/thread.php?thread_id=2739688&forum_id=2/#26845755) |
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Date: December 3rd, 2014 11:07 AM Author: Slap-happy cruel-hearted puppy spot starup work is commoditized and low fee. They defer fees until a company gets going too. Sometimes they take equity, but that is risky and slow--not ideal to pay cash bonuses. Those SV firms are also very highly leveraged--takes forever to make partner. So they have high PPPs but relatively higher per partner associate comp expense, as they would pay bonuses to like 5 associates per partner. (http://www.autoadmit.com/thread.php?thread_id=2739688&forum_id=2/#26848167) |
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Date: December 3rd, 2014 11:07 AM Author: Tan point hwo are SV firms more highly leveraged than any other biglaw firm (http://www.autoadmit.com/thread.php?thread_id=2739688&forum_id=2/#26848177) |
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Date: December 4th, 2014 2:09 AM Author: Vivacious athletic conference death wish the only part of this thats true is that we defer fees. but even then it's the exception not the rule. (http://www.autoadmit.com/thread.php?thread_id=2739688&forum_id=2/#26853822) |
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Date: December 5th, 2014 1:20 PM Author: Exhilarant Hall other than huge ipos, dont think legal work for startups generates the same amount of fees as m&a for large companies
also SV firms have no incentive to do this; the startup dealwork is concentrated in 3-4 firms for the most part; they don't need to raise bonuses to avoid attrition to other firms or other exit options
also SV V50 firms charge lower rates than NYC V10 |
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Date: December 3rd, 2014 10:54 AM Author: racy temple No mOvement. (http://www.autoadmit.com/thread.php?thread_id=2739688&forum_id=2/#26848102) |
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Date: December 3rd, 2014 8:59 PM Author: honey-headed windowlicker The longer the wait the more likely a big beat and raise is in the works.,. (http://www.autoadmit.com/thread.php?thread_id=2739688&forum_id=2/#26851842) |
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Date: December 3rd, 2014 9:03 PM Author: Adventurous Fuchsia Sweet Tailpipe Rigor They announced on dec 11 last year according to ATL (http://www.autoadmit.com/thread.php?thread_id=2739688&forum_id=2/#26851883) |
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Date: December 3rd, 2014 10:33 PM Author: honey-headed windowlicker Bet they announce later this week (http://www.autoadmit.com/thread.php?thread_id=2739688&forum_id=2/#26852717) |
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Date: December 3rd, 2014 10:57 PM Author: racy temple you are one optimistic pumo. I hope ur right. (http://www.autoadmit.com/thread.php?thread_id=2739688&forum_id=2/#26852938) |
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Date: December 4th, 2014 2:13 AM Author: galvanic impertinent nursing home deer antler lol
maybe they'll beat out dpw midyears by 5k, best case scenario |
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Date: December 4th, 2014 12:26 PM Author: racy temple No mOvement. (http://www.autoadmit.com/thread.php?thread_id=2739688&forum_id=2/#26855378) |
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Date: December 4th, 2014 12:59 PM Author: honey-headed windowlicker Are you at S&C or do you know people there? (http://www.autoadmit.com/thread.php?thread_id=2739688&forum_id=2/#26855663) |
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Date: December 4th, 2014 1:12 PM Author: racy temple No. Just hoping my firm will match once s and c comes through. (http://www.autoadmit.com/thread.php?thread_id=2739688&forum_id=2/#26855739) |
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Date: December 4th, 2014 1:30 PM Author: honey-headed windowlicker Same here. We already matched the STB scale but I want DPW scale minimum (and S&C scale if higher). (http://www.autoadmit.com/thread.php?thread_id=2739688&forum_id=2/#26855872) |
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Date: December 4th, 2014 4:23 PM Author: Adventurous Fuchsia Sweet Tailpipe Rigor They haven't had that great of a year. People who think they'll beat DPW are delusional. (http://www.autoadmit.com/thread.php?thread_id=2739688&forum_id=2/#26857031) |
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Date: December 4th, 2014 5:59 PM Author: honey-headed windowlicker At the very least, they will match DPW and then the market will be DPW. Agree? I think the likelihood of them matching Cravath/STB at the lower level are de minimis. (http://www.autoadmit.com/thread.php?thread_id=2739688&forum_id=2/#26857658) |
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Date: December 4th, 2014 9:58 PM Author: honey-headed windowlicker Starting to think nothing will happen. Damn (http://www.autoadmit.com/thread.php?thread_id=2739688&forum_id=2/#26859522) |
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Date: December 4th, 2014 10:02 PM Author: Adventurous Fuchsia Sweet Tailpipe Rigor So S&C won't pay bonuses this year? (http://www.autoadmit.com/thread.php?thread_id=2739688&forum_id=2/#26859572) |
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Date: December 4th, 2014 10:12 PM Author: honey-headed windowlicker Hell if I know ... Not sure what the holdup is... It's been two weeks. (http://www.autoadmit.com/thread.php?thread_id=2739688&forum_id=2/#26859677) |
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Date: December 4th, 2014 10:32 PM Author: aphrodisiac home Calling my shot They will announce stb scale plus 20k salary bump across the board except mid levels get 25 to 30 bump |
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Date: December 4th, 2014 10:59 PM Author: honey-headed windowlicker Someone's been reading sponsored content on above these. It's possible but unlikely. Any special insight or just a random guess?
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Date: December 4th, 2014 11:02 PM Author: aphrodisiac home Random guess But if it's really a foregone conclusion that firms are raising, why not be the first and get the credit? They are the last elite firm to announce and retention seems to be a concern |
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Date: December 4th, 2014 11:08 PM Author: honey-headed windowlicker Hadn't considered it but u raise a good point. Will be fun to see what happens (http://www.autoadmit.com/thread.php?thread_id=2739688&forum_id=2/#26860270) |
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Date: December 5th, 2014 2:31 AM Author: Arousing slimy trump supporter bawdyhouse Plz bump this thread when news comes through, ATL's new layout hurts my brain (http://www.autoadmit.com/thread.php?thread_id=2739688&forum_id=2/#26861863) |
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Date: December 5th, 2014 10:41 AM Author: aphrodisiac home Cadwalader matched stb wtf. Where dem dpw matchers (http://www.autoadmit.com/thread.php?thread_id=2739688&forum_id=2/#26863336) |
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Date: December 5th, 2014 10:47 AM Author: Multi-colored chapel Tbf cwt =/= s&c by any stretch (http://www.autoadmit.com/thread.php?thread_id=2739688&forum_id=2/#26863356) |
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Date: December 5th, 2014 11:03 AM Author: aphrodisiac home Of course But bad news for hoap that dpw scale will become dominant if nyc firms start going stb at this stage |
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Date: December 5th, 2014 4:08 PM Author: Multi-colored chapel Thebad news is that cwt went today. They were gonna go cheap no matter what. In fact, their timing may have been strategic to push Tue market before their peer firms went dpw (http://www.autoadmit.com/thread.php?thread_id=2739688&forum_id=2/#26865635) |
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Date: December 5th, 2014 4:56 PM Author: honey-headed windowlicker to be fair, no "peer firm" gives a shit what CWT does or doesn't do. S&C and the vault top 10 will do what they please without regard to CWT (their high PPP notwithstanding) (http://www.autoadmit.com/thread.php?thread_id=2739688&forum_id=2/#26866015) |
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Date: December 5th, 2014 5:03 PM Author: insanely creepy ticket booth hows shearman (http://www.autoadmit.com/thread.php?thread_id=2739688&forum_id=2/#26866091) |
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Date: December 5th, 2014 6:25 PM Author: Multi-colored chapel My def of peer firm takes that into account. I don't think the v10 is peers with cwt. If Greenberg traurig or dla piper or whatever the fuck matched dwp, then cwt would be fucked and would feel the need to go dpw to keep associates. So I'm saying they my have led, so their peers--ie the people they compete with at oci--wouldn't set the market higher. (http://www.autoadmit.com/thread.php?thread_id=2739688&forum_id=2/#26866771) |
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Date: December 5th, 2014 11:11 AM Author: racy temple No mOvement. (http://www.autoadmit.com/thread.php?thread_id=2739688&forum_id=2/#26863548) |
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Date: December 5th, 2014 6:02 PM Author: Adventurous Fuchsia Sweet Tailpipe Rigor I imagine they match DPW with a small (5% or so) pay bump for each class. (http://www.autoadmit.com/thread.php?thread_id=2739688&forum_id=2/#26866550) |
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Date: December 5th, 2014 9:49 PM Author: honey-headed windowlicker I like it! (http://www.autoadmit.com/thread.php?thread_id=2739688&forum_id=2/#26868038) |
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Date: December 5th, 2014 11:21 PM Author: Multi-colored chapel What if they matched but added $100. (http://www.autoadmit.com/thread.php?thread_id=2739688&forum_id=2/#26868524) |
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Date: December 7th, 2014 4:55 PM Author: racy temple No mOvement. This must be the week, right? (http://www.autoadmit.com/thread.php?thread_id=2739688&forum_id=2/#26880267) |
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Date: December 7th, 2014 5:18 PM Author: honey-headed windowlicker Got to be. Probably Monday or Tuesday (http://www.autoadmit.com/thread.php?thread_id=2739688&forum_id=2/#26880432) |
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Date: December 8th, 2014 9:35 PM Author: honey-headed windowlicker Tomorrow? (http://www.autoadmit.com/thread.php?thread_id=2739688&forum_id=2/#26889403) |
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Date: December 10th, 2014 5:22 PM Author: racy temple Matched dpw. (http://www.autoadmit.com/thread.php?thread_id=2739688&forum_id=2/#26902622) |
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Date: December 10th, 2014 5:23 PM Author: Purple church As a Sullivan and Cromwell associate, this just happened (http://www.autoadmit.com/thread.php?thread_id=2739688&forum_id=2/#26902636) |
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Date: December 10th, 2014 5:24 PM Author: honey-headed windowlicker when does the rest of the market (skadden, weil, cravath, stb) move up to the higher market level? recall they re-issued bonus memos in the past when this happened... (http://www.autoadmit.com/thread.php?thread_id=2739688&forum_id=2/#26902648) |
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Date: December 10th, 2014 5:28 PM Author: Purple church They won't, the lateral market isn't as competitive as these bonuses make them seem. (http://www.autoadmit.com/thread.php?thread_id=2739688&forum_id=2/#26902675) |
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Date: December 11th, 2014 3:19 PM Author: 180 heaven pisswyrm See eg Cleary (http://www.autoadmit.com/thread.php?thread_id=2739688&forum_id=2/#26910001) |
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Date: December 11th, 2014 3:41 PM Author: honey-headed windowlicker BOOM GOES THE DYNAMNITE. WHO'S NEXT, PAUL WEISS, WEIL, CRAVATH, STB? (http://www.autoadmit.com/thread.php?thread_id=2739688&forum_id=2/#26910103) |
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Date: December 11th, 2014 4:46 PM Author: trip weed whacker (nervous as fuck cravath associate worried that he won't be able to get full value for his prestige points in the bonus market) (http://www.autoadmit.com/thread.php?thread_id=2739688&forum_id=2/#26910408) |
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Date: December 11th, 2014 5:06 PM Author: charismatic halford Cravath PrestigePoints are valid for life. Your PrestigePoints account balance is currently: 2321 Holiday reminder: accrue PrestigePoints at double the rate during December! Cravath Walk available at a reduced rate of 5000 PrestigePoints until the new year! |
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Date: December 11th, 2014 4:48 PM Author: racy temple (http://www.autoadmit.com/thread.php?thread_id=2739688&forum_id=2/#26910419) |
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Date: December 11th, 2014 5:20 PM Author: honey-headed windowlicker Who?!?! Haven't seen it on ATL? And do we really think an increase in base salary is coming? If so, when, end of December or early January? (http://www.autoadmit.com/thread.php?thread_id=2739688&forum_id=2/#26910584) |
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Date: December 11th, 2014 5:29 PM Author: Misanthropic twinkling pocket flask Claims of an impending pay-scale increasing are hype by commentators to get page views and wishful thinking by associates. There's not enough momentum right now. Retention is being improved by action on bonuses, which allow much more flexibility if there's a downturn (and permit bullshit accounting farther down in the vault, e.g., through silent hours cutoffs and merit factors to permit the PR boost without necessarily paying out). (http://www.autoadmit.com/thread.php?thread_id=2739688&forum_id=2/#26910624) |