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2019 BIG LAW BONUSES ANNOUNCED

http://www.abajournal.com/news/article/biglaw-bonus-season-b...
.....,.,.,.,.,..,.,.,.,.,.,.,.,..,.
  11/07/19
Same as last year *breathes a sigh of relief*
Gitmo Detainee tearing up his HOPE poster
  11/07/19
everything goes up in cost except lawyer salaries
Bobby Birdshit, The Prole Goy Mr. Fix It
  11/07/19
*associate
Gitmo Detainee tearing up his HOPE poster
  11/07/19
actually not when you factor in that the firms didn't do sum...
.....,.,.,.,.,..,.,.,.,.,.,.,.,..,.
  11/07/19
The sigh of relief is that they didn't go up
Gitmo Detainee tearing up his HOPE poster
  11/07/19
Lol you should want the associates to stay happy so they sta...
nutella
  11/08/19
I don't work at Cravath etc. We will match and they will be ...
Gitmo Detainee tearing up his HOPE poster
  11/08/19
What is the current salary structure by year?
'"'"'"''"
  11/07/19
Class of 2018 — $190,000 Class of 2017 — $200,0...
Neal V. Stephens 410 Alabama Dr. Herndon VA 20170
  11/08/19
rofl @ this dumb nigger cuck >>Above the Law specul...
Bobby Birdshit, The Prole Goy Mr. Fix It
  11/07/19
Lmfao
""""
  11/07/19
...
short man
  11/07/19
...
CapTTTainFalcon
  11/07/19
This guy has $400 in a Robinhood account that says you're wr...
Hungry, forkless and losing patience.
  11/07/19
...
zoomer
  11/08/19
As Associate General Counsel at a Fortune 500 company, assoc...
...,,,.,,,,,,,...,.,.,,.....,,.,.,,..
  11/07/19
But my 1.1 MM salary is okay, right?
Gitmo Detainee tearing up his HOPE poster
  11/07/19
Yes
vonoskar
  11/07/19
rofl @ these small-dicked inhouse faggots w chips on their s...
Bobby Birdshit, The Prole Goy Mr. Fix It
  11/07/19
(MAF guy)
.....,.,.,.,.,..,.,.,.,.,.,.,.,..,.
  11/07/19
Lol at saying ppl cant "cut it" kowtowing to menta...
[- -]
  11/08/19
Not breaking out sig pages is the behavior of a mentally ill...
middling intellect
  11/08/19
Just a bad attorney lol, but same page.
[- -]
  11/12/19
Why? It has no impact on rates. Even partner comp has no i...
nutella
  11/08/19
This seems wrong
Richie Aprile (As Always, ROLCON!)
  11/08/19
Yes because rates went down in 2008-2011 when tons of associ...
nutella
  11/08/19
...
Bobby Birdshit, The Prole Goy Mr. Fix It
  11/08/19
...
Jeromulus
  11/08/19
Rates go up every year* *might cause firm to implode cata...
:D
  11/08/19
...
corporate slave wandering down fluorescent hallway
  11/08/19
As Nutella already pointed out, partner rates have gone up e...
Jeromulus
  11/08/19
cr. but hey, it makes small-dicked in-house fags w chips on ...
Bobby Birdshit, The Prole Goy Mr. Fix It
  11/08/19
Hours are going down.
:D
  11/08/19
when you stopped paying for junior associates, you ensured t...
Neal V. Stephens 410 Alabama Dr. Herndon VA 20170
  11/08/19
LJL. What kind of dumbass is still wasting his life in bigla...
DPT
  11/07/19
...
Jeromulus
  11/07/19
Just cop $450k, 11-3, 4 day/week WFH, 90 IQ in-house
...,,,.,,,,,,,...,.,.,,.....,,.,.,,..
  11/07/19
Yeah, but what's the use of the extra 25% (or whatever) you ...
DPT
  11/07/19
The idea is to quit at some point in the future and have cas...
Jeromulus
  11/07/19
PROTIP: You or your wife will spend it all.
DPT
  11/07/19
the "dumbass" move that is "pathetic and tort...
Neal V. Stephens 410 Alabama Dr. Herndon VA 20170
  11/08/19
Sup?
Gitmo Detainee tearing up his HOPE poster
  11/07/19
The only people I know who are still in BigLaw were people w...
DPT
  11/07/19
What about us misanthropes?
Gitmo Detainee tearing up his HOPE poster
  11/07/19
(insecure bro who is in denial)
DPT
  11/08/19
yeah you're definitely describing yourself there
zoomer
  11/08/19
...
fantano
  11/07/19
Damn. Cant believe I'm missing out on that sweet 100 Gs
Richie Aprile (As Always, ROLCON!)
  11/07/19
take this shit to TLS
Krampusnacht
  11/07/19
MILBANK TUNA HENTAI
CapTTTainFalcon
  11/07/19
The blooding season begins. Come, ye, sit around the fire an...
vonoskar
  11/07/19
...
;.;.;.;....;;;;;...;;;;;.;.;.;;;..;;.;;
  11/08/19
"On the other hand, I think the angered associates have...
.;:..;:.;.:.;.,,,..,.:,.;....;,;;;..;,..,
  11/08/19
Cravath or Simpson will come over the top and put milbank in...
;.,:;,.;:,;.,:;.,:;.,;,.:
  11/08/19
rates are fucking absurd. 6th and 7th years are charging wh...
Neal V. Stephens 410 Alabama Dr. Herndon VA 20170
  11/08/19
my undiscounted rate is 755
CapTTTainFalcon
  11/08/19
Most of your hours are probably getting written off
,..,,......,....,,,,..,.,...
  11/08/19
cr. also, very very few to practically no clients are simply...
.,.,....,.,.,.,:,,:,...,:::,....,:,.,.:...,:.::,
  11/08/19
Rates increase 85% in the space of a decade. In-house cou...
;.,:;,.;:,;.,:;.,:;.,;,.:
  11/08/19
Whistling past the graveyard.
:D
  11/08/19
Let's hope not
Gitmo Detainee tearing up his HOPE poster
  11/08/19
No movement
Morbidly Obese Sex Robot
  11/11/19
not a biglawmo. what percentage of associates actually get t...
.,.,....,.,.,.,:,,:,...,:::,....,:,.,.:...,:.::,
  11/08/19
Depends on how good of a firm. At good big law firms you get...
,..,,......,....,,,,..,.,...
  11/08/19
as poster said, depends on firm, but at most BIGLAW firms (a...
.....,.,.,.,.,..,.,.,.,.,.,.,.,..,.
  11/08/19
if you don't hit your hours, do many places completely screw...
..,..,..,...,,,...,..,.,,.,..,.,,
  11/08/19
no. you are either at a firm where you need hours, no excep...
.....,.,.,.,.,..,.,.,.,.,.,.,.,..,.
  11/11/19
tbf, most biglaw firms dont formally state hours requirement...
Bobby Birdshit, The Prole Goy Mr. Fix It
  11/11/19
As a result, the market as a whole experienced healthy avera...
:D
  11/08/19
this isn't news. The V100 is splitting in half. The top 50...
.....,.,.,.,.,..,.,.,.,.,.,.,.,..,.
  11/08/19
did you highlight this report, :D
.,.,....,.,.,.,:,,:,...,:::,....,:,.,.:...,:.::,
  11/08/19
"compensation increases appear – at least at firs...
:D
  11/11/19
Looking at these makes me depressed I'm not in big law as it...
..............;...................
  11/08/19
The bonus check is actually bigger than that because they un...
..,..,..,...,,,...,..,.,,.,..,.,,
  11/08/19
CRAVATH
.,,..,,,,,..,.,.,.,,
  11/11/19
FRAT WHITE
CapTTTainFalcon
  11/11/19
120
,..,,......,....,,,,..,.,...
  11/11/19
Has the market been SHATTERED? Please give TOTAL COMP for NO...
:D
  11/11/19
status quo from Cravath; which means all in comp is at best ...
vonoskar
  11/11/19
ty
:D
  11/12/19
Class of 2019 — $190,000 + $15,000 [prorated so really...
.,,..,,,,,..,.,.,.,,
  11/12/19
Your salaries are off by a year. You can pretty much ignore ...
Fyre festival founder
  11/12/19
Salaries for July 1-June 30 or whenever Cravath's fiscal yea...
.,,..,,,,,..,.,.,.,,
  11/12/19
Someone in Class of 2018 who started in October 2018 does no...
Fyre festival founder
  11/12/19
lol I fucked up because I'm thinking of billing year tyft
.,,..,,,,,..,.,.,.,,
  11/12/19
Looks like 190 can barely be sustained if bonuses are tiny e...
:D
  11/12/19
Getting paid 300k as a 28 year old monkey scribe comma chase...
.....;;,,.........;.;.;.;.,;,;,;.;.;,;
  11/12/19
This is a tired debate at this point here but, as has been p...
vonoskar
  11/12/19
Lol wtf, it’s the opposite. Biglaw associates more th...
nutella
  11/12/19


Poast new message in this thread



Reply Favorite

Date: November 7th, 2019 8:22 PM
Author: .....,.,.,.,.,..,.,.,.,.,.,.,.,..,.


http://www.abajournal.com/news/article/biglaw-bonus-season-begins-with-announcement-from-milbank

not that it impacts anyone here in xo2019 right

(http://www.autoadmit.com/thread.php?thread_id=4378134&forum_id=2#39087193)



Reply Favorite

Date: November 7th, 2019 8:23 PM
Author: Gitmo Detainee tearing up his HOPE poster (Tax survivor)

Same as last year

*breathes a sigh of relief*

(http://www.autoadmit.com/thread.php?thread_id=4378134&forum_id=2#39087199)



Reply Favorite

Date: November 7th, 2019 9:06 PM
Author: Bobby Birdshit, The Prole Goy Mr. Fix It (✡️)

everything goes up in cost except lawyer salaries

(http://www.autoadmit.com/thread.php?thread_id=4378134&forum_id=2#39087408)



Reply Favorite

Date: November 7th, 2019 11:22 PM
Author: Gitmo Detainee tearing up his HOPE poster (Tax survivor)

*associate

(http://www.autoadmit.com/thread.php?thread_id=4378134&forum_id=2#39088066)



Reply Favorite

Date: November 7th, 2019 9:57 PM
Author: .....,.,.,.,.,..,.,.,.,.,.,.,.,..,.


actually not when you factor in that the firms didn't do summer bonuses......

(http://www.autoadmit.com/thread.php?thread_id=4378134&forum_id=2#39087615)



Reply Favorite

Date: November 7th, 2019 11:22 PM
Author: Gitmo Detainee tearing up his HOPE poster (Tax survivor)

The sigh of relief is that they didn't go up

(http://www.autoadmit.com/thread.php?thread_id=4378134&forum_id=2#39088063)



Reply Favorite

Date: November 8th, 2019 9:16 AM
Author: nutella

Lol you should want the associates to stay happy so they stay and make your life easier. The shitty ones are getting pushed out anyway.

(http://www.autoadmit.com/thread.php?thread_id=4378134&forum_id=2#39088868)



Reply Favorite

Date: November 8th, 2019 2:10 PM
Author: Gitmo Detainee tearing up his HOPE poster (Tax survivor)

I don't work at Cravath etc. We will match and they will be glad. 430k goes a long way in Texas.

(http://www.autoadmit.com/thread.php?thread_id=4378134&forum_id=2#39090122)



Reply Favorite

Date: November 7th, 2019 8:33 PM
Author: '"'"'"''"

What is the current salary structure by year?

(http://www.autoadmit.com/thread.php?thread_id=4378134&forum_id=2#39087236)



Reply Favorite

Date: November 8th, 2019 12:48 PM
Author: Neal V. Stephens 410 Alabama Dr. Herndon VA 20170

Class of 2018 — $190,000

Class of 2017 — $200,000

Class of 2016 — $220,000

Class of 2015 — $255,000

Class of 2014 — $280,000

Class of 2013 — $305,000

Class of 2012 — $325,000

Class of 2011 — $340,000

(http://www.autoadmit.com/thread.php?thread_id=4378134&forum_id=2#39089733)



Reply Favorite

Date: November 7th, 2019 8:35 PM
Author: Bobby Birdshit, The Prole Goy Mr. Fix It (✡️)

rofl @ this dumb nigger cuck

>>Above the Law speculates that law firms may be holding back bonuses this year in preparation for a possible market correction. “I kind of get why firms would be cautious,” writes Above the Law blogger Elie Mystal.

(http://www.autoadmit.com/thread.php?thread_id=4378134&forum_id=2#39087244)



Reply Favorite

Date: November 7th, 2019 8:40 PM
Author: """"

Lmfao

(http://www.autoadmit.com/thread.php?thread_id=4378134&forum_id=2#39087275)



Reply Favorite

Date: November 7th, 2019 8:43 PM
Author: short man



(http://www.autoadmit.com/thread.php?thread_id=4378134&forum_id=2#39087300)



Reply Favorite

Date: November 7th, 2019 8:51 PM
Author: CapTTTainFalcon



(http://www.autoadmit.com/thread.php?thread_id=4378134&forum_id=2#39087343)



Reply Favorite

Date: November 7th, 2019 9:06 PM
Author: Hungry, forkless and losing patience.

This guy has $400 in a Robinhood account that says you're wrong.

(http://www.autoadmit.com/thread.php?thread_id=4378134&forum_id=2#39087412)



Reply Favorite

Date: November 8th, 2019 9:41 AM
Author: zoomer (uspo)



(http://www.autoadmit.com/thread.php?thread_id=4378134&forum_id=2#39088950)



Reply Favorite

Date: November 7th, 2019 8:38 PM
Author: ...,,,.,,,,,,,...,.,.,,.....,,.,.,,..


As Associate General Counsel at a Fortune 500 company, associate bonuses make me so angry.

(http://www.autoadmit.com/thread.php?thread_id=4378134&forum_id=2#39087260)



Reply Favorite

Date: November 7th, 2019 8:48 PM
Author: Gitmo Detainee tearing up his HOPE poster (Tax survivor)

But my 1.1 MM salary is okay, right?

(http://www.autoadmit.com/thread.php?thread_id=4378134&forum_id=2#39087328)



Reply Favorite

Date: November 7th, 2019 9:06 PM
Author: vonoskar

Yes

(http://www.autoadmit.com/thread.php?thread_id=4378134&forum_id=2#39087413)



Reply Favorite

Date: November 7th, 2019 8:55 PM
Author: Bobby Birdshit, The Prole Goy Mr. Fix It (✡️)

rofl @ these small-dicked inhouse faggots w chips on their shoulders bc they couldn't cut it in biglaw. it's a disgrace that anyone in biglaw has to take any of these fags to dinner ever.

(http://www.autoadmit.com/thread.php?thread_id=4378134&forum_id=2#39087359)



Reply Favorite

Date: November 7th, 2019 9:58 PM
Author: .....,.,.,.,.,..,.,.,.,.,.,.,.,..,.


(MAF guy)

(http://www.autoadmit.com/thread.php?thread_id=4378134&forum_id=2#39087621)



Reply Favorite

Date: November 8th, 2019 9:39 AM
Author: [- -] (xoentlaw@gmail.com)

Lol at saying ppl cant "cut it" kowtowing to mentally ill partners at 3am on a Saturday making sure there are two spaces after the periods in a doc and adding a page break before the sig page.

(http://www.autoadmit.com/thread.php?thread_id=4378134&forum_id=2#39088941)



Reply Favorite

Date: November 8th, 2019 12:52 PM
Author: middling intellect

Not breaking out sig pages is the behavior of a mentally ill person

(http://www.autoadmit.com/thread.php?thread_id=4378134&forum_id=2#39089751)



Reply Favorite

Date: November 12th, 2019 2:38 PM
Author: [- -] (xoentlaw@gmail.com)

Just a bad attorney lol, but same page.

(http://www.autoadmit.com/thread.php?thread_id=4378134&forum_id=2#39107526)



Reply Favorite

Date: November 8th, 2019 9:11 AM
Author: nutella

Why? It has no impact on rates. Even partner comp has no impact on rates. The rates just go up every year regardless.

(http://www.autoadmit.com/thread.php?thread_id=4378134&forum_id=2#39088864)



Reply Favorite

Date: November 8th, 2019 9:23 AM
Author: Richie Aprile (As Always, ROLCON!)

This seems wrong

(http://www.autoadmit.com/thread.php?thread_id=4378134&forum_id=2#39088886)



Reply Favorite

Date: November 8th, 2019 11:45 AM
Author: nutella

Yes because rates went down in 2008-2011 when tons of associates got laid off and those who didn’t got no bonuses....

(http://www.autoadmit.com/thread.php?thread_id=4378134&forum_id=2#39089496)



Reply Favorite

Date: November 8th, 2019 12:37 PM
Author: Bobby Birdshit, The Prole Goy Mr. Fix It (✡️)



(http://www.autoadmit.com/thread.php?thread_id=4378134&forum_id=2#39089686)



Reply Favorite

Date: November 8th, 2019 12:49 PM
Author: Jeromulus



(http://www.autoadmit.com/thread.php?thread_id=4378134&forum_id=2#39089736)



Reply Favorite

Date: November 8th, 2019 4:09 PM
Author: :D (classical education at home -- Bauer)

Rates go up every year*

*might cause firm to implode catastrophically

(http://www.autoadmit.com/thread.php?thread_id=4378134&forum_id=2#39090584)



Reply Favorite

Date: November 8th, 2019 4:06 PM
Author: corporate slave wandering down fluorescent hallway



(http://www.autoadmit.com/thread.php?thread_id=4378134&forum_id=2#39090566)



Reply Favorite

Date: November 8th, 2019 12:51 PM
Author: Jeromulus

As Nutella already pointed out, partner rates have gone up every single year regardless of associate salaries and/or bonuses.

Savings obtained from associate salaried remaining the same for 10 years were never passed onto your company.

(http://www.autoadmit.com/thread.php?thread_id=4378134&forum_id=2#39089750)



Reply Favorite

Date: November 8th, 2019 12:53 PM
Author: Bobby Birdshit, The Prole Goy Mr. Fix It (✡️)

cr. but hey, it makes small-dicked in-house fags w chips on their shoulders bc they couldnt cut it in biglaw happy that biglaw associates get the shaft!

(http://www.autoadmit.com/thread.php?thread_id=4378134&forum_id=2#39089757)



Reply Favorite

Date: November 8th, 2019 4:10 PM
Author: :D (classical education at home -- Bauer)
Subject: Hours are going down.

Looking more closely at changing levels of productivity, Figure 8 shows average billable hours worked

per lawyer for all categories of lawyers across the market. While the number of worked hours has been

reasonably stable in recent years, it is important to note that, compared to average billable hours in the

pre-recession years (i.e., prior to 2008), there remains a significant difference. By way of illustration, in

2007, the billable hours worked averaged 134 per month. Through 2018, the average is now 122 per

month, or a difference of 144 hours per year from the 2007 level. To see the economic impact of this

reduction in productivity, one need only multiply this annual difference by the average worked rate in 2018

of $489 per hour, to see that the decreased productivity over the last decade cost firms some $70,416 per

lawyer per year in 2018. For a firm of 200 lawyers, that translates to a total cost of $14.1 million; for a firm of

400 to $28.2 million; and for a firm of 600 to $42.3 million.

(http://www.autoadmit.com/thread.php?thread_id=4378134&forum_id=2#39090590)



Reply Favorite

Date: November 8th, 2019 1:06 PM
Author: Neal V. Stephens 410 Alabama Dr. Herndon VA 20170

when you stopped paying for junior associates, you ensured that senior associates and junior partners had to do more work. actions have consequences.

(http://www.autoadmit.com/thread.php?thread_id=4378134&forum_id=2#39089805)



Reply Favorite

Date: November 7th, 2019 8:40 PM
Author: DPT

LJL. What kind of dumbass is still wasting his life in biglaw?

(http://www.autoadmit.com/thread.php?thread_id=4378134&forum_id=2#39087281)



Reply Favorite

Date: November 7th, 2019 8:46 PM
Author: Jeromulus



(http://www.autoadmit.com/thread.php?thread_id=4378134&forum_id=2#39087320)



Reply Favorite

Date: November 7th, 2019 8:48 PM
Author: ...,,,.,,,,,,,...,.,.,,.....,,.,.,,..


Just cop $450k, 11-3, 4 day/week WFH, 90 IQ in-house

(http://www.autoadmit.com/thread.php?thread_id=4378134&forum_id=2#39087326)



Reply Favorite

Date: November 7th, 2019 8:50 PM
Author: DPT

Yeah, but what's the use of the extra 25% (or whatever) you make when your life is literally pathetic and torturous.

(http://www.autoadmit.com/thread.php?thread_id=4378134&forum_id=2#39087337)



Reply Favorite

Date: November 7th, 2019 8:55 PM
Author: Jeromulus

The idea is to quit at some point in the future and have cash saved up when I do

(http://www.autoadmit.com/thread.php?thread_id=4378134&forum_id=2#39087360)



Reply Favorite

Date: November 7th, 2019 8:58 PM
Author: DPT

PROTIP: You or your wife will spend it all.

(http://www.autoadmit.com/thread.php?thread_id=4378134&forum_id=2#39087367)



Reply Favorite

Date: November 8th, 2019 6:37 PM
Author: Neal V. Stephens 410 Alabama Dr. Herndon VA 20170

the "dumbass" move that is "pathetic and torturous" is the mythical unicorn in house job or midlaw job

you're doing the same work for 1/3 the pay. and if you're in house, you're a cost center that will be first to go if the recession hits.

(http://www.autoadmit.com/thread.php?thread_id=4378134&forum_id=2#39091214)



Reply Favorite

Date: November 7th, 2019 8:48 PM
Author: Gitmo Detainee tearing up his HOPE poster (Tax survivor)

Sup?

(http://www.autoadmit.com/thread.php?thread_id=4378134&forum_id=2#39087330)



Reply Favorite

Date: November 7th, 2019 9:09 PM
Author: DPT

The only people I know who are still in BigLaw were people who grew up proles and have major insecurity issues.

(http://www.autoadmit.com/thread.php?thread_id=4378134&forum_id=2#39087423)



Reply Favorite

Date: November 7th, 2019 11:24 PM
Author: Gitmo Detainee tearing up his HOPE poster (Tax survivor)

What about us misanthropes?

(http://www.autoadmit.com/thread.php?thread_id=4378134&forum_id=2#39088072)



Reply Favorite

Date: November 8th, 2019 6:46 PM
Author: DPT

(insecure bro who is in denial)

(http://www.autoadmit.com/thread.php?thread_id=4378134&forum_id=2#39091248)



Reply Favorite

Date: November 8th, 2019 4:02 PM
Author: zoomer (uspo)

yeah you're definitely describing yourself there

(http://www.autoadmit.com/thread.php?thread_id=4378134&forum_id=2#39090533)



Reply Favorite

Date: November 7th, 2019 8:48 PM
Author: fantano (ggtp)



(http://www.autoadmit.com/thread.php?thread_id=4378134&forum_id=2#39087332)



Reply Favorite

Date: November 7th, 2019 8:47 PM
Author: Richie Aprile (As Always, ROLCON!)

Damn. Cant believe I'm missing out on that sweet 100 Gs

(http://www.autoadmit.com/thread.php?thread_id=4378134&forum_id=2#39087323)



Reply Favorite

Date: November 7th, 2019 8:48 PM
Author: Krampusnacht

take this shit to TLS

(http://www.autoadmit.com/thread.php?thread_id=4378134&forum_id=2#39087329)



Reply Favorite

Date: November 7th, 2019 8:51 PM
Author: CapTTTainFalcon

MILBANK TUNA HENTAI

(http://www.autoadmit.com/thread.php?thread_id=4378134&forum_id=2#39087340)



Reply Favorite

Date: November 7th, 2019 9:08 PM
Author: vonoskar

The blooding season begins. Come, ye, sit around the fire and hear these stories of glam baubles bought and sold, the smiling money times filling our souls as we laugh and cheer and die. Glory to the Firm. Glory to the Law.

(http://www.autoadmit.com/thread.php?thread_id=4378134&forum_id=2#39087420)



Reply Favorite

Date: November 8th, 2019 8:40 AM
Author: ;.;.;.;....;;;;;...;;;;;.;.;.;;;..;;.;;




(http://www.autoadmit.com/thread.php?thread_id=4378134&forum_id=2#39088827)



Reply Favorite

Date: November 8th, 2019 12:50 PM
Author: .;:..;:.;.:.;.,,,..,.:,.;....;,;;;..;,..,


"On the other hand, I think the angered associates have the right of the argument,” Mystal writes. “Why should the firms be hoarding profits in preparation for the recession, instead of sharing more of those profits with the employees, some of whom will be laid off next recession anyway?”

(http://www.autoadmit.com/thread.php?thread_id=4378134&forum_id=2#39089743)



Reply Favorite

Date: November 8th, 2019 1:02 PM
Author: ;.,:;,.;:,;.,:;.,:;.,;,.:


Cravath or Simpson will come over the top and put milbank in its place. Profits at every big firm are up again for the nth year in a row. Billing rates are up again at every big firm for the nth year in a row. Hours are the same. And last year they paid summer bonuses.

(http://www.autoadmit.com/thread.php?thread_id=4378134&forum_id=2#39089786)



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Date: November 8th, 2019 1:05 PM
Author: Neal V. Stephens 410 Alabama Dr. Herndon VA 20170

rates are fucking absurd. 6th and 7th years are charging what only the top rainmakers used to charge barely a decade ago

(http://www.autoadmit.com/thread.php?thread_id=4378134&forum_id=2#39089801)



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Date: November 8th, 2019 1:20 PM
Author: CapTTTainFalcon

my undiscounted rate is 755

(http://www.autoadmit.com/thread.php?thread_id=4378134&forum_id=2#39089869)



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Date: November 8th, 2019 1:21 PM
Author: ,..,,......,....,,,,..,.,...


Most of your hours are probably getting written off

(http://www.autoadmit.com/thread.php?thread_id=4378134&forum_id=2#39089875)



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Date: November 8th, 2019 1:24 PM
Author: .,.,....,.,.,.,:,,:,...,:::,....,:,.,.:...,:.::,


cr. also, very very few to practically no clients are simply paying for attorney time at standard rates without any discount

(http://www.autoadmit.com/thread.php?thread_id=4378134&forum_id=2#39089892)



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Date: November 8th, 2019 2:19 PM
Author: ;.,:;,.;:,;.,:;.,:;.,;,.:


Rates increase 85% in the space of a decade.

In-house counsel calls and gets 12% discount for new matter. Proudly reports the savings to the C suite.

Rates go up 15% next year.

(http://www.autoadmit.com/thread.php?thread_id=4378134&forum_id=2#39090151)



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Date: November 8th, 2019 4:01 PM
Author: :D (classical education at home -- Bauer)

Whistling past the graveyard.

(http://www.autoadmit.com/thread.php?thread_id=4378134&forum_id=2#39090529)



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Date: November 8th, 2019 6:30 PM
Author: Gitmo Detainee tearing up his HOPE poster (Tax survivor)

Let's hope not

(http://www.autoadmit.com/thread.php?thread_id=4378134&forum_id=2#39091170)



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Date: November 11th, 2019 5:39 PM
Author: Morbidly Obese Sex Robot

No movement

(http://www.autoadmit.com/thread.php?thread_id=4378134&forum_id=2#39103239)



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Date: November 8th, 2019 3:40 PM
Author: .,.,....,.,.,.,:,,:,...,:::,....,:,.,.:...,:.::,


not a biglawmo. what percentage of associates actually get the bonus? is it strictly tied to hours or is there any discretionary component? obviously the big rainmaker can do whatever he wants

(http://www.autoadmit.com/thread.php?thread_id=4378134&forum_id=2#39090432)



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Date: November 8th, 2019 3:57 PM
Author: ,..,,......,....,,,,..,.,...


Depends on how good of a firm. At good big law firms you get full bonus no questions asked, no hours minimum. At Reed Smith it's a different story

(http://www.autoadmit.com/thread.php?thread_id=4378134&forum_id=2#39090508)



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Date: November 8th, 2019 4:39 PM
Author: .....,.,.,.,.,..,.,.,.,.,.,.,.,..,.


as poster said, depends on firm, but at most BIGLAW firms (at least V50 and higher) you will get a bonus as long as you hit your hours and even sometimes if you don't.

(http://www.autoadmit.com/thread.php?thread_id=4378134&forum_id=2#39090730)



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Date: November 8th, 2019 10:41 PM
Author: ..,..,..,...,,,...,..,.,,.,..,.,, (🥛)


if you don't hit your hours, do many places completely screw you, or do they at least pro-rate (ok, your 100 hours short, so let's take 20% off the bonus you would otherwise get)

(http://www.autoadmit.com/thread.php?thread_id=4378134&forum_id=2#39092082)



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Date: November 11th, 2019 11:04 PM
Author: .....,.,.,.,.,..,.,.,.,.,.,.,.,..,.


no. you are either at a firm where you need hours, no exceptions or at one that doesn't care and it's subjective but not at all based on hours and not prorated.

(http://www.autoadmit.com/thread.php?thread_id=4378134&forum_id=2#39104899)



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Date: November 11th, 2019 5:26 PM
Author: Bobby Birdshit, The Prole Goy Mr. Fix It (✡️)

tbf, most biglaw firms dont formally state hours requirements despite what is well understood/expected. they have more CYA that way, plus hours requirements cause people not to go over

(http://www.autoadmit.com/thread.php?thread_id=4378134&forum_id=2#39103180)



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Date: November 8th, 2019 4:04 PM
Author: :D (classical education at home -- Bauer)

As a result, the market as a whole experienced healthy average revenue growth of 5.5 percent for the year.

On the negative side, while the overall results described above were positive, it must be noted that they were

driven significantly by Am Law 100 firms (and, indeed, within that grouping, by Am Law 50 firms), as well as by

some niche firms in the Midsize group. Performance by other firms – including particularly firms in the Am Law

Second 100 and some firms in the Am Law 100 and Midsize groups – were well below the market averages.

This continues the strong trend toward market segmentation that we saw in 2017 and raises the interesting

question of why different parts of the market are performing in strikingly different ways.

Apart from segmentation, there were other financial indicators that were somewhat surprising given the

relative stagnation in the market over the past several years. One of the most dramatic was a second round

of associate compensation increases that drove associate salaries and bonuses to record levels and that will

have a serious impact on the bottom lines of many firms in the coming year. Considering that productivity has

been essentially flat to declining in almost every year since the Great Recession, such compensation increases

appear – at least at first blush – to be counterintuitive.

A similar observation could be made about the aggressive increase in worked rates seen in 2018. Given the

tepid growth in demand for law firm services, the increased willingness of clients to move business to lower

cost firms or alternative service providers, and the continuing client push back on rate increases (as reflected

in declining realization rates), it is counterintuitive that firms would propose aggressive rate increases or that

clients would accept them. But that appears to be what happened.

http://www.managingpartnerforum.org/tasks/sites/mpf/assets/image/MPF%20FEATURED%20WHITE%20PAPER%20-%202019%20State%20of%20Legal%20Market%20-%20GeorgetownLaw-ThomsonReuters%20-%202-8-19.pdf

(http://www.autoadmit.com/thread.php?thread_id=4378134&forum_id=2#39090547)



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Date: November 8th, 2019 4:40 PM
Author: .....,.,.,.,.,..,.,.,.,.,.,.,.,..,.


this isn't news. The V100 is splitting in half. The top 50 or 60 or so are far more profitable than the rest.

(http://www.autoadmit.com/thread.php?thread_id=4378134&forum_id=2#39090734)



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Date: November 8th, 2019 6:44 PM
Author: .,.,....,.,.,.,:,,:,...,:::,....,:,.,.:...,:.::,


did you highlight this report, :D

(http://www.autoadmit.com/thread.php?thread_id=4378134&forum_id=2#39091240)



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Date: November 11th, 2019 7:21 PM
Author: :D (classical education at home -- Bauer)

"compensation increases appear – at least at first blush – to be counterintuitive."

LOL @ GC

(http://www.autoadmit.com/thread.php?thread_id=4378134&forum_id=2#39103644)



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Date: November 8th, 2019 8:20 PM
Author: ..............;...................


Looking at these makes me depressed I'm not in big law as it would be sick as hell to get a check for $100,000.

Then I remember that after taxes, it'd be like $50,000, which wouldn't even cover preschool for 2 of my kids.

Conversely, in flyover, my shitty in-house bonus would pay for preschool for 12 kids...

(http://www.autoadmit.com/thread.php?thread_id=4378134&forum_id=2#39091587)



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Date: November 8th, 2019 10:40 PM
Author: ..,..,..,...,,,...,..,.,,.,..,.,, (🥛)


The bonus check is actually bigger than that because they under-withhold, so instead you're getting like $70 and making huge estimated tax payments every quarter for the next year

(http://www.autoadmit.com/thread.php?thread_id=4378134&forum_id=2#39092080)



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Date: November 11th, 2019 5:22 PM
Author: .,,..,,,,,..,.,.,.,,
Subject: CRAVATH

CRAVATH

Class of 2019 — $15,000

Class of 2018 — $15,000

Class of 2017 — $25,000

Class of 2016 — $50,000

Class of 2015 — $65,000

Class of 2014 — $80,000

Class of 2013 — $90,000

Class of 2012 — $100,000

Class of 2011 — $100,000

https://www.law.com/2019/11/11/cravath-matches-associate-bonuses-after-early-announcement-from-milbank/

(http://www.autoadmit.com/thread.php?thread_id=4378134&forum_id=2#39103166)



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Date: November 11th, 2019 5:28 PM
Author: CapTTTainFalcon

FRAT WHITE

(http://www.autoadmit.com/thread.php?thread_id=4378134&forum_id=2#39103191)



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Date: November 11th, 2019 7:20 PM
Author: ,..,,......,....,,,,..,.,...


120

(http://www.autoadmit.com/thread.php?thread_id=4378134&forum_id=2#39103637)



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Date: November 11th, 2019 7:22 PM
Author: :D (classical education at home -- Bauer)

Has the market been SHATTERED? Please give TOTAL COMP for NOOBS.

(http://www.autoadmit.com/thread.php?thread_id=4378134&forum_id=2#39103650)



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Date: November 11th, 2019 9:56 PM
Author: vonoskar

status quo from Cravath; which means all in comp is at best even with and at worst lower this year vs last for many since last year also had summer bonuses along with the scale increase mid-year

(http://www.autoadmit.com/thread.php?thread_id=4378134&forum_id=2#39104537)



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Date: November 12th, 2019 2:46 AM
Author: :D (classical education at home -- Bauer)

ty

(http://www.autoadmit.com/thread.php?thread_id=4378134&forum_id=2#39105476)



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Date: November 12th, 2019 2:29 PM
Author: .,,..,,,,,..,.,.,.,,

Class of 2019 — $190,000 + $15,000 [prorated so really like $3,000] = $205,000

Class of 2018 — $190,000 + $15,000 = $205,000

Class of 2017 — $200,000 + $25,000 = $245,000

Class of 2016 — $220,000 + $50,000 = $270,000

Class of 2015 — $255,000 + $65,000 = $315,000

Class of 2014 — $280,000 + $80,000 = $360,000

Class of 2013 — $305,000 + $90,000 = $395,000

Class of 2012 — $325,000 + $100,000 = $425,000

Class of 2011 — $340,000 + $100,000 = $440,000

Nice thing about the recession was a correction to spread out the bonuses, they used to be so compressed, but firms recognize that value of 4th years is so much greater and salaries start to widen from there.

(http://www.autoadmit.com/thread.php?thread_id=4378134&forum_id=2#39107469)



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Date: November 12th, 2019 2:32 PM
Author: Fyre festival founder

Your salaries are off by a year. You can pretty much ignore Class of 2019, they work for like 3 months of the year only. Start with $190k for Class of 2018.

(http://www.autoadmit.com/thread.php?thread_id=4378134&forum_id=2#39107483)



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Date: November 12th, 2019 2:33 PM
Author: .,,..,,,,,..,.,.,.,,

Salaries for July 1-June 30 or whenever Cravath's fiscal year starts for raises idk

(http://www.autoadmit.com/thread.php?thread_id=4378134&forum_id=2#39107492)



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Date: November 12th, 2019 2:41 PM
Author: Fyre festival founder

Someone in Class of 2018 who started in October 2018 does not start getting a $200k salary on January 1, 2019. Are you a paralegal

(http://www.autoadmit.com/thread.php?thread_id=4378134&forum_id=2#39107539)



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Date: November 12th, 2019 2:43 PM
Author: .,,..,,,,,..,.,.,.,,

lol I fucked up because I'm thinking of billing year tyft

(http://www.autoadmit.com/thread.php?thread_id=4378134&forum_id=2#39107550)



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Date: November 12th, 2019 2:34 PM
Author: :D (classical education at home -- Bauer)

Looks like 190 can barely be sustained if bonuses are tiny even with 130 straight months of job growth jfc.

(http://www.autoadmit.com/thread.php?thread_id=4378134&forum_id=2#39107498)



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Date: November 12th, 2019 2:39 PM
Author: .....;;,,.........;.;.;.;.,;,;,;.;.;,;


Getting paid 300k as a 28 year old monkey scribe comma chaser is pretty absurd. I felt weird about it when it was me and I was making 200k. Definitely earn my 300k inhouse way more honestly (though I also feel overpaid here), and the hours are better and so are the people and the work is more interesting.

(http://www.autoadmit.com/thread.php?thread_id=4378134&forum_id=2#39107533)



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Date: November 12th, 2019 3:16 PM
Author: vonoskar

This is a tired debate at this point here but, as has been pointed out time and again, I doubt your 300k in-house comes with the routine expectation that you'll be e-mailed at 2 a.m. on a Saturday or that, when that e-mail comes, you'll be responsive to it either at that time or, worst case, by early Saturday morning and poised to work throughout the weekend in order to deliver the expected work product by COB Sunday. Young attorneys in biglaw are being paid for availability, time, and work ethic in relationship to high dollar value matters and rapid, sometimes capricious demands and, in that sense, they are earning their pay honestly, even if some of their work does involve "chasing commas." As you note, one of the benefits of moving in-house is to rid yourself of that environment.

Whether there should be a macro shift to generally lower pay scales and/or a different work culture across the industry is a separate topic and one that won't be raised, if ever, until there's a secular change in demand for high-end legal services.

(http://www.autoadmit.com/thread.php?thread_id=4378134&forum_id=2#39107688)



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Date: November 12th, 2019 4:11 PM
Author: nutella

Lol wtf, it’s the opposite. Biglaw associates more than earn their pay.

Lol at all you penny pinching in house lawyers suddenly saying biglaw associates are overpaid and supposedly hurting your company’s bottom line. You know what hurts your company’s bottom line? Paying you $300k to do in house work that is 90% made up busywork. The other 10% of “sophisticated” work is outsourced to biglaw.

(http://www.autoadmit.com/thread.php?thread_id=4378134&forum_id=2#39107852)