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lol @ Quinn special bonus

See ATL link and post below. No idea how much money an asso...
Vivacious deranged tanning salon boiling water
  08/29/17
interesitng. just like stock vesting
Magenta nubile abode
  08/29/17
Yes just like that
Saffron Corn Cake
  08/29/17
yep
Magenta nubile abode
  08/29/17
seems like you also get it if you get fired "without ca...
white gas station
  08/29/17
Isn't every one fired for cause ? (Performance issues)
Blue Location Twinkling Uncleanness
  08/29/17
? Everyone "resigns."
purple friendly grandma faggotry
  08/29/17
certainly there would be some sort of settlement negotiation...
white gas station
  08/29/17
Not anymore! Now they can fire people are really ramp up the...
Provocative principal's office mad-dog skullcap
  08/30/17
link?
Stimulating garrison nibblets
  08/29/17
"If an associate leaves the firm at any time prior to t...
white gas station
  08/29/17
Any serious guesses for how much these bonuses would be?
Blue Location Twinkling Uncleanness
  08/29/17
$0
Saffron Corn Cake
  08/29/17
Let's be a bit generous here: -suppose Quinn's total profit...
Vivacious deranged tanning salon boiling water
  08/29/17
but if that's retained then doesn't that count as "prof...
Ivory theater stage
  08/30/17
it's 20k/year; they'd have to stay another 2 years to collec...
Vivacious deranged tanning salon boiling water
  08/30/17
lol this shit is like Mario party except instead of playing ...
yellow jewess marketing idea
  08/29/17
shitty mario jumping for suicidal thoughts
primrose institution
  08/29/17
Lol, this just means they can just give less in annual bonus...
Arousing Station Mood
  08/29/17
...
Blue Location Twinkling Uncleanness
  08/29/17
Winner winner chicken dinner. And it is paid out after debt ...
Avocado stage dog poop
  08/29/17
How will this encourage non-rainmakers to resign? It is prof...
Learning disabled prole
  08/29/17
Can you think of a scenario in which what I said was right?
Avocado stage dog poop
  08/29/17
doubt they will give less. it's more that this bonus is prob...
Magenta nubile abode
  08/29/17
(guy unfamiliar with QE)
razzle den mad cow disease
  08/29/17
not a litmo but i thought they always bragged about being to...
Magenta nubile abode
  08/29/17
Their schtick is to poach rainmakers with special lockup con...
Avocado stage dog poop
  08/29/17
doesnt really sound different than most big law firms brothe...
Magenta nubile abode
  08/29/17
True - QE was a pioneer of this business strategy, and in a ...
Avocado stage dog poop
  08/29/17
http://abovethelaw.com/2017/08/biglaw-mega-merger-between-qu...
primrose institution
  08/29/17
The disturbing thing in this story is that QE was apparently...
Avocado stage dog poop
  08/29/17
You needed to bill like 2100 hours just to get a bonus which...
Arousing Station Mood
  08/29/17
...
Avocado stage dog poop
  08/29/17
Are you joking?
primrose institution
  08/29/17
http://abovethelaw.com/2016/12/associate-bonus-watch-a-litig...
Avocado stage dog poop
  08/30/17
I was being sarcastic. Many firms have performance expectati...
primrose institution
  08/30/17
Flame
bearded zombie-like ceo
  08/30/17
Not flame...I know multiple associates in ny and la who were...
Arousing Station Mood
  08/30/17
I'm going to start a copycat firm - nudist ALPHA chads who m...
Avocado stage dog poop
  08/30/17
That period strikes me as too long; they should've gone with...
razzle den mad cow disease
  08/29/17
Nobody rational is sticking around for this (which I guess m...
Avocado stage dog poop
  08/29/17
To be fair, by the time you hit 3rd year you will have an ex...
wine spot
  08/29/17
3rd year? More like 5th year You need to be a 2nd year t...
Vivacious deranged tanning salon boiling water
  08/29/17
At most they are paying for people to stay from December (o...
Irradiated casino elastic band
  08/30/17
Prob back to pool this creating a slush fund for top brass.
Avocado stage dog poop
  08/30/17
lol at people still at law firms
sadistic bipolar cuckoldry
  08/29/17
...
laughsome high-end psychic legend
  08/29/17
They should have pooled the 1% of profits and given associat...
Learning disabled prole
  08/29/17
Lol, just LOL at lawyers
Mint Apoplectic Crackhouse Double Fault
  08/29/17
Hope they make 83b elections
Umber know-it-all half-breed
  08/29/17
Hard GPA floor, for those interested.
primrose institution
  08/29/17
3 fucking years? That's a lifetime especially at a firm like...
wine spot
  08/29/17
Indiana Jones face melt.gif
Avocado stage dog poop
  08/29/17
Pretty common for in house bros. long term incentive plans v...
Naked Business Firm Scourge Upon The Earth
  08/29/17
Seems like most companies are going away from/have gone away...
wine spot
  08/29/17
it's basically stock vesting, except in one chunk does i...
Magenta nubile abode
  08/29/17
except law firm jobs are not comparable to in-house jobs
exhilarant mustard forum
  08/29/17
cr law firms are up-or-out pyramids that have no reason t...
razzle-dazzle gay wizard
  08/30/17
2009: Quinn remains.... 2017: You remain as overworked fourt...
Khaki aphrodisiac brunch
  08/30/17
...
Avocado stage dog poop
  08/30/17
I wonder what "continued service to the firm" mean...
Onyx Vigorous Stain
  08/30/17
The memo deals with it. It would just push your vesting peri...
Learning disabled prole
  08/30/17


Poast new message in this thread



Reply Favorite

Date: August 29th, 2017 12:20 PM
Author: Vivacious deranged tanning salon boiling water

See ATL link and post below. No idea how much money an associate gets even if they stick around for the 3 year "vesting" period. Quinn must have serious retention issues. Also sorry for the suckers who stay at Quinn at the hopes of this vesting award

http://abovethelaw.com/2017/08/associate-bonus-watch-litigation-powerhouse-announces-special-bonus-pool/

-------------

The litigation powerhouse of Quinn Emanuel, one of the most formidable and financially successful firms in all of Biglaw, just announced a special bonus plan to attract and retain associates. According to our sources, there’s good news about the firm’s bonus bucks, but unfortunately, there’s also some bad news.

We’ll start off with the good news. Quinn Emanuel’s special bonuses come in addition to regular bonuses for second- through sixth-year associates, and will be tied to the performance of the firm. If Quinn Emanuel does well, associates will do well. This year, for example, the firm will be directing 1 percent of its profits to the special associate bonus pool.

What about the bad news? There’s a reason why the firm is calling this an “associate longevity bonus pool.” These special bonuses, which could very well be huge, take some time to vest. If associates want their money, they’re going to have to stick around for a while. How long? Three years. Here’s an example of how this works, taken from an email sent to associates from John Quinn:

A qualifying second year associate for 2017 will get a provisional award in March 2018. That award will be paid in March 2021 as long as the associate is still with the Firm at that time. The same associate will be eligible to receive an award in March 2019. That award would be paid in 2022. The same associate would also be eligible for an award in March 2020 which would be payable in March 2023, and so on until the associate’s 7th year at which point the associate is no longer eligible for new awards but can keep collecting old awards as long as the associate does not resign before an award is due to be paid.

If an associate leaves the firm at any time prior to the date the vesting period ends, that associate will lose out on any cash he could have earned from this special bonus pool. Basically, the only way that an associate will be able to collect this cash early is through death or disability (or involuntary termination without cause). Here’s some relevant language on that point from a memorandum that was attached to Quinn’s email (available in full on the next page):

Awards are considered provisional and unearned until completion of service for the entire vesting period and are earned only by continued service to the Firm for the entire vesting period. Unearned awards automatically terminate with no right to payment upon termination of employment.

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But wait, there’s more. Not only are counsel and staff attorneys ineligible for the special bonus pool, but associates must have billed more than 2000 client hours (not including pro bono hours) to maintain their eligibility.

According to an associate at he firm, the general feeling is that this news is “significant,” but no one has any idea how much they stand to earn. In the words of a source: “Certainly there are no complaints, but none of us have even the faintest notion of how much this will equate to come the first round of future bonuses in March.” As far as why the firm has chosen to make associates wait three years to cash in on these special bonuses, here’s what another tipster had to say: “They’ll do anything to tie people down at this point, even if the vesting period is a cruel length of time.” Is Quinn Emanuel having a problem with associate retention? If so, offering them what could be vast sums of money to make them stick around at the firm doesn’t seem like a bad idea.

In any event, congratulations to all second- through sixth-year associates at Quinn Emanuel! Bonuses on top of bonuses is nothing to complain about, no matter how long it takes for the money to land in your bank account. (Our opinion on this could change, of course, once March comes around and we find out the size of the future rewards associates will reap.)

And now, a brief word on Biglaw bonuses, generally. We’re happy to cover those announcements, but we need your help. As soon as your firm’s bonus memo comes out, please email it to us (subject line: “[Firm Name] Bonus”). We always keep our sources on bonus stories anonymous. There’s no need to send the memo using your firm email account; your personal email account is fine. Please be sure to include the memo as proof; we like to post complete bonus memos as a service to our readers. You can take a photo of the memo and attach as a picture if you are worried about metadata in a PDF or Word file. Thanks!

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Don’t forget, if you’d like to sign up for ATL’s Bonus Alerts, please enter your email address in the box below. If you previously signed up for the bonus alerts, you don’t need to do anything. You’ll receive an email notification within minutes of each bonus announcement that we publish.

(http://www.autoadmit.com/thread.php?thread_id=3715338&forum_id=2#34092888)



Reply Favorite

Date: August 29th, 2017 12:32 PM
Author: Magenta nubile abode

interesitng. just like stock vesting

(http://www.autoadmit.com/thread.php?thread_id=3715338&forum_id=2#34092992)



Reply Favorite

Date: August 29th, 2017 12:32 PM
Author: Saffron Corn Cake

Yes just like that

(http://www.autoadmit.com/thread.php?thread_id=3715338&forum_id=2#34092996)



Reply Favorite

Date: August 29th, 2017 12:33 PM
Author: Magenta nubile abode

yep

(http://www.autoadmit.com/thread.php?thread_id=3715338&forum_id=2#34093000)



Reply Favorite

Date: August 29th, 2017 12:34 PM
Author: white gas station

seems like you also get it if you get fired "without cause" as well. that's not a bad deal.

(http://www.autoadmit.com/thread.php?thread_id=3715338&forum_id=2#34093008)



Reply Favorite

Date: August 29th, 2017 12:35 PM
Author: Blue Location Twinkling Uncleanness

Isn't every one fired for cause ? (Performance issues)

(http://www.autoadmit.com/thread.php?thread_id=3715338&forum_id=2#34093019)



Reply Favorite

Date: August 29th, 2017 12:36 PM
Author: purple friendly grandma faggotry

? Everyone "resigns."

(http://www.autoadmit.com/thread.php?thread_id=3715338&forum_id=2#34093028)



Reply Favorite

Date: August 29th, 2017 1:41 PM
Author: white gas station

certainly there would be some sort of settlement negotiation in the event of a "resignation"

(http://www.autoadmit.com/thread.php?thread_id=3715338&forum_id=2#34093481)



Reply Favorite

Date: August 30th, 2017 3:07 AM
Author: Provocative principal's office mad-dog skullcap

Not anymore! Now they can fire people are really ramp up the pool of aggrieved former associates.

(http://www.autoadmit.com/thread.php?thread_id=3715338&forum_id=2#34099029)



Reply Favorite

Date: August 29th, 2017 12:39 PM
Author: Stimulating garrison nibblets

link?

(http://www.autoadmit.com/thread.php?thread_id=3715338&forum_id=2#34093046)



Reply Favorite

Date: August 29th, 2017 1:41 PM
Author: white gas station

"If an associate leaves the firm at any time prior to the date the vesting period ends, that associate will lose out on any cash he could have earned from this special bonus pool. Basically, the only way that an associate will be able to collect this cash early is through death or disability (or involuntary termination without cause)."

(http://www.autoadmit.com/thread.php?thread_id=3715338&forum_id=2#34093475)



Reply Favorite

Date: August 29th, 2017 12:35 PM
Author: Blue Location Twinkling Uncleanness

Any serious guesses for how much these bonuses would be?

(http://www.autoadmit.com/thread.php?thread_id=3715338&forum_id=2#34093015)



Reply Favorite

Date: August 29th, 2017 12:36 PM
Author: Saffron Corn Cake

$0

(http://www.autoadmit.com/thread.php?thread_id=3715338&forum_id=2#34093020)



Reply Favorite

Date: August 29th, 2017 1:01 PM
Author: Vivacious deranged tanning salon boiling water

Let's be a bit generous here:

-suppose Quinn's total profit = $1 billion (that's roughly right, when you consider its PPP is 4.5M and there are 200 equity partners)

-they allocate 1% to this pool, so that's $10 million

-there are probably 500 eligible associates

-> that comes out to $20k/year per eligible associate

-my guess is that at least half of the associates won't ever see these longevity bonuses, so Quinn gets to keep that for the partners

(http://www.autoadmit.com/thread.php?thread_id=3715338&forum_id=2#34093178)



Reply Favorite

Date: August 30th, 2017 1:39 AM
Author: Ivory theater stage

but if that's retained then doesn't that count as "profit" which then recycles back to the bonus?

either way, an extra 60K out of no-where would be significant for the average mid level.

(http://www.autoadmit.com/thread.php?thread_id=3715338&forum_id=2#34098857)



Reply Favorite

Date: August 30th, 2017 1:14 PM
Author: Vivacious deranged tanning salon boiling water

it's 20k/year; they'd have to stay another 2 years to collect about 60k (i.e., 3 annual payments of about 20k)



(http://www.autoadmit.com/thread.php?thread_id=3715338&forum_id=2#34100908)



Reply Favorite

Date: August 29th, 2017 12:35 PM
Author: yellow jewess marketing idea

lol this shit is like Mario party except instead of playing minigames you just accrue suicidal thoughts

(http://www.autoadmit.com/thread.php?thread_id=3715338&forum_id=2#34093016)



Reply Favorite

Date: August 29th, 2017 1:44 PM
Author: primrose institution

shitty mario jumping for suicidal thoughts

(http://www.autoadmit.com/thread.php?thread_id=3715338&forum_id=2#34093505)



Reply Favorite

Date: August 29th, 2017 12:38 PM
Author: Arousing Station Mood

Lol, this just means they can just give less in annual bonuses...very shrewd. What a shittthole.

(http://www.autoadmit.com/thread.php?thread_id=3715338&forum_id=2#34093038)



Reply Favorite

Date: August 29th, 2017 12:40 PM
Author: Blue Location Twinkling Uncleanness



(http://www.autoadmit.com/thread.php?thread_id=3715338&forum_id=2#34093049)



Reply Favorite

Date: August 29th, 2017 12:53 PM
Author: Avocado stage dog poop

Winner winner chicken dinner. And it is paid out after debt payments to partners, meaning that it's a way to stiff non-rainmakers to encourage them to resign while decreasing associate bonuses. In short, it's a scheme to increase PPP. Savvy!

(http://www.autoadmit.com/thread.php?thread_id=3715338&forum_id=2#34093130)



Reply Favorite

Date: August 29th, 2017 1:47 PM
Author: Learning disabled prole

How will this encourage non-rainmakers to resign? It is profits after guarantees have been paid. Typically those are for recent lateral partners, not necessarily rainmakers, who simply get more points.

(http://www.autoadmit.com/thread.php?thread_id=3715338&forum_id=2#34093532)



Reply Favorite

Date: August 29th, 2017 1:56 PM
Author: Avocado stage dog poop

Can you think of a scenario in which what I said was right?

(http://www.autoadmit.com/thread.php?thread_id=3715338&forum_id=2#34093627)



Reply Favorite

Date: August 29th, 2017 1:35 PM
Author: Magenta nubile abode

doubt they will give less. it's more that this bonus is probably shitty/nothing

(http://www.autoadmit.com/thread.php?thread_id=3715338&forum_id=2#34093424)



Reply Favorite

Date: August 29th, 2017 1:40 PM
Author: razzle den mad cow disease

(guy unfamiliar with QE)

(http://www.autoadmit.com/thread.php?thread_id=3715338&forum_id=2#34093467)



Reply Favorite

Date: August 29th, 2017 1:41 PM
Author: Magenta nubile abode

not a litmo but i thought they always bragged about being top of market

(http://www.autoadmit.com/thread.php?thread_id=3715338&forum_id=2#34093474)



Reply Favorite

Date: August 29th, 2017 1:44 PM
Author: Avocado stage dog poop

Their schtick is to poach rainmakers with special lockup contracts and expand on that basis. They then pay associates supposed Cravath scale but demand 4k hrs or w/e such that marginal wage is that of a truck driver. All lit so no exit options and no steady business. All they can do is use cash to expand. But eventually they'll face a crisis where they can't expand with cash, and then they'll be left with a loose coterie of all the most aggro people who could be bought for money, fighting over the remaining equity.

(http://www.autoadmit.com/thread.php?thread_id=3715338&forum_id=2#34093507)



Reply Favorite

Date: August 29th, 2017 1:50 PM
Author: Magenta nubile abode

doesnt really sound different than most big law firms brother

(http://www.autoadmit.com/thread.php?thread_id=3715338&forum_id=2#34093558)



Reply Favorite

Date: August 29th, 2017 1:53 PM
Author: Avocado stage dog poop

True - QE was a pioneer of this business strategy, and in a sense I'm making a general criticism of all law firms. That said, given that QE has run this model longer than others, and has no trannie practice as a countercyclical shock absorber, I think they are particularly vulnerable to a dramatic collapse.

(http://www.autoadmit.com/thread.php?thread_id=3715338&forum_id=2#34093591)



Reply Favorite

Date: August 29th, 2017 1:51 PM
Author: primrose institution

http://abovethelaw.com/2017/08/biglaw-mega-merger-between-quinn-emanuel-and-williams-connolly-not-to-be/

Quinn Emanuel managing partner John Quinn said: ‘It is true that we had a meeting on this subject but it was very preliminary and we don’t know what, if anything, will come of this.’

"While Quinn Emanuel is an excellent law firm, we are happy just the way we are. We have no plans to merge with them or any other law firm,” Dane Butswinkas, chairman of Williams & Connolly, said in a statement after news reports of the talks Tuesday.

(http://www.autoadmit.com/thread.php?thread_id=3715338&forum_id=2#34093562)



Reply Favorite

Date: August 29th, 2017 1:54 PM
Author: Avocado stage dog poop

The disturbing thing in this story is that QE was apparently contemplating the merger, and got rebuffed. Then they come out with this new scheme to cook their books and juice PPP.

(http://www.autoadmit.com/thread.php?thread_id=3715338&forum_id=2#34093612)



Reply Favorite

Date: August 29th, 2017 2:20 PM
Author: Arousing Station Mood

You needed to bill like 2100 hours just to get a bonus which is ridiculous. Can't think of any other firm with such a high minimum.

(http://www.autoadmit.com/thread.php?thread_id=3715338&forum_id=2#34093869)



Reply Favorite

Date: August 29th, 2017 2:21 PM
Author: Avocado stage dog poop



(http://www.autoadmit.com/thread.php?thread_id=3715338&forum_id=2#34093877)



Reply Favorite

Date: August 29th, 2017 2:34 PM
Author: primrose institution

Are you joking?

(http://www.autoadmit.com/thread.php?thread_id=3715338&forum_id=2#34093996)



Reply Favorite

Date: August 30th, 2017 6:59 AM
Author: Avocado stage dog poop

http://abovethelaw.com/2016/12/associate-bonus-watch-a-litigation-powerhouse-announces/2/

(http://www.autoadmit.com/thread.php?thread_id=3715338&forum_id=2#34099193)



Reply Favorite

Date: August 30th, 2017 1:38 PM
Author: primrose institution

I was being sarcastic. Many firms have performance expectations, stated or implied. 1950, 2000, 2050.

(http://www.autoadmit.com/thread.php?thread_id=3715338&forum_id=2#34101057)



Reply Favorite

Date: August 30th, 2017 1:14 AM
Author: bearded zombie-like ceo

Flame

(http://www.autoadmit.com/thread.php?thread_id=3715338&forum_id=2#34098744)



Reply Favorite

Date: August 30th, 2017 1:33 PM
Author: Arousing Station Mood

Not flame...I know multiple associates in ny and la who were no bonused and pushed out for billing 2000 hours. They are truly a sweatshop.

(http://www.autoadmit.com/thread.php?thread_id=3715338&forum_id=2#34101029)



Reply Favorite

Date: August 30th, 2017 1:40 PM
Author: Avocado stage dog poop

I'm going to start a copycat firm - nudist ALPHA chads who must bill 3k/yr. Instead of sharks we'll be crocodiles or something. Dumbass millennial law students will eat it up.

(http://www.autoadmit.com/thread.php?thread_id=3715338&forum_id=2#34101075)



Reply Favorite

Date: August 29th, 2017 1:16 PM
Author: razzle den mad cow disease

That period strikes me as too long; they should've gone with 2 years.

At 2 years the psychology favors sticking around -- it basically just stretches what everyone already does in terms of wanting to leave in august but sticking around for the december bonus. At 3 years I'd just be like 'lol no' if I didn't already want to stay.

(http://www.autoadmit.com/thread.php?thread_id=3715338&forum_id=2#34093271)



Reply Favorite

Date: August 29th, 2017 1:34 PM
Author: Avocado stage dog poop

Nobody rational is sticking around for this (which I guess means many QE drones will)-whole thing reeks of fraud lies.

(http://www.autoadmit.com/thread.php?thread_id=3715338&forum_id=2#34093420)



Reply Favorite

Date: August 29th, 2017 1:52 PM
Author: wine spot

To be fair, by the time you hit 3rd year you will have an extra bonus coming every single year after, which is when you are most valuable to the firm

(http://www.autoadmit.com/thread.php?thread_id=3715338&forum_id=2#34093572)



Reply Favorite

Date: August 29th, 2017 2:33 PM
Author: Vivacious deranged tanning salon boiling water

3rd year? More like 5th year

You need to be a 2nd year to be eligible; you then need to wait 3 years to get the bonus.

(http://www.autoadmit.com/thread.php?thread_id=3715338&forum_id=2#34093987)



Reply Favorite

Date: August 30th, 2017 1:44 PM
Author: Irradiated casino elastic band

At most they are paying for people to stay from December (or whenever their fiscal year ends) until March. Even that might make sense if they have a history of a ton of people jumping ship immediately after bonuses come in.

Who gets the unvested bonuses if someone quits? Does it roll back into the pool (LOL) or revert to the partners?

(http://www.autoadmit.com/thread.php?thread_id=3715338&forum_id=2#34101098)



Reply Favorite

Date: August 30th, 2017 1:45 PM
Author: Avocado stage dog poop

Prob back to pool this creating a slush fund for top brass.

(http://www.autoadmit.com/thread.php?thread_id=3715338&forum_id=2#34101107)



Reply Favorite

Date: August 29th, 2017 1:36 PM
Author: sadistic bipolar cuckoldry

lol at people still at law firms

(http://www.autoadmit.com/thread.php?thread_id=3715338&forum_id=2#34093431)



Reply Favorite

Date: August 29th, 2017 1:39 PM
Author: laughsome high-end psychic legend



(http://www.autoadmit.com/thread.php?thread_id=3715338&forum_id=2#34093456)



Reply Favorite

Date: August 29th, 2017 1:41 PM
Author: Learning disabled prole

They should have pooled the 1% of profits and given associates points based on seniority, with all points forfeited distributed pro rata amongst those who remain (not redistributed to the partners, which I assume is the case).

This is a decent deal for 2nd years but LJL for current 6th years.

(http://www.autoadmit.com/thread.php?thread_id=3715338&forum_id=2#34093483)



Reply Favorite

Date: August 29th, 2017 1:43 PM
Author: Mint Apoplectic Crackhouse Double Fault

Lol, just LOL at lawyers

(http://www.autoadmit.com/thread.php?thread_id=3715338&forum_id=2#34093495)



Reply Favorite

Date: August 29th, 2017 1:44 PM
Author: Umber know-it-all half-breed

Hope they make 83b elections

(http://www.autoadmit.com/thread.php?thread_id=3715338&forum_id=2#34093502)



Reply Favorite

Date: August 29th, 2017 1:45 PM
Author: primrose institution

Hard GPA floor, for those interested.

(http://www.autoadmit.com/thread.php?thread_id=3715338&forum_id=2#34093516)



Reply Favorite

Date: August 29th, 2017 1:49 PM
Author: wine spot

3 fucking years? That's a lifetime especially at a firm like QE. What a joke

(http://www.autoadmit.com/thread.php?thread_id=3715338&forum_id=2#34093551)



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Date: August 29th, 2017 1:50 PM
Author: Avocado stage dog poop

Indiana Jones face melt.gif

(http://www.autoadmit.com/thread.php?thread_id=3715338&forum_id=2#34093559)



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Date: August 29th, 2017 1:50 PM
Author: Naked Business Firm Scourge Upon The Earth

Pretty common for in house bros. long term incentive plans vest over three years. When you change jobs, you just negotiate the long term bonus lose with the new employer as a sign on bonus.

(http://www.autoadmit.com/thread.php?thread_id=3715338&forum_id=2#34093556)



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Date: August 29th, 2017 1:54 PM
Author: wine spot

Seems like most companies are going away from/have gone away from long vesting periods

(http://www.autoadmit.com/thread.php?thread_id=3715338&forum_id=2#34093608)



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Date: August 29th, 2017 1:55 PM
Author: Magenta nubile abode

it's basically stock vesting, except in one chunk

does it make you want to stay if you're miserable? of course not. is it beter than nothing? sure

(http://www.autoadmit.com/thread.php?thread_id=3715338&forum_id=2#34093616)



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Date: August 29th, 2017 10:41 PM
Author: exhilarant mustard forum

except law firm jobs are not comparable to in-house jobs

(http://www.autoadmit.com/thread.php?thread_id=3715338&forum_id=2#34097661)



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Date: August 30th, 2017 1:43 AM
Author: razzle-dazzle gay wizard

cr

law firms are up-or-out pyramids that have no reason to try and retain people. UNLESS attrition is absolutely, completely SPS such that they can't retain even the relatively small number of midlevels and seniors necessary in BIGLIT. Which must be the case here.

(http://www.autoadmit.com/thread.php?thread_id=3715338&forum_id=2#34098865)



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Date: August 30th, 2017 1:27 AM
Author: Khaki aphrodisiac brunch

2009: Quinn remains.... 2017: You remain as overworked fourth year in feeble attempt to collect meager bonus

(http://www.autoadmit.com/thread.php?thread_id=3715338&forum_id=2#34098820)



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Date: August 30th, 2017 6:59 AM
Author: Avocado stage dog poop



(http://www.autoadmit.com/thread.php?thread_id=3715338&forum_id=2#34099194)



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Date: August 30th, 2017 2:24 AM
Author: Onyx Vigorous Stain

I wonder what "continued service to the firm" means for women who go on maternity leave. Years 2-6 are the sweet spot for them. My guess is that Quinn will say maternity leave isn't disqualifying provided they hit 2000 hours. But LOL at what that implies to any woman thinking of taking 4 months. The associate has to choose between killing herself with hours for the rest of the year, or will have to cut back on the amount of time they take off. Win/win for Quinn!

(http://www.autoadmit.com/thread.php?thread_id=3715338&forum_id=2#34098949)



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Date: August 30th, 2017 6:43 AM
Author: Learning disabled prole

The memo deals with it. It would just push your vesting periods back by 4 months "subject to the discretion of the firm."

(http://www.autoadmit.com/thread.php?thread_id=3715338&forum_id=2#34099181)