Celebrating 10 years! 2007-2017

Bonus thread

So it's that time of year: let's have our own version of wha loblawyer12/16/17
1k seems barely worth the paperwork dietcoke12/16/17
I suppose better than nothing (or a small gift card) which h loblawyer12/16/17
Well you must make much more than I do. If my boss came in a thirdtierlaw12/16/17
Can't believe how fast this thread died! inho2solo12/16/17
Bonus?? I'm lucky if one of my clients sends me a Christmas cranky12/17/17
I can get a bonus twice a year (paid in April and October) b bodog12/17/17
I'm getting a stub year bonus. Big law, hours irrelevant, pl dietcoke12/17/17
Small law, $1,500. No billable requirement for the bonus. hous12/17/17
I'll find out on Thursday but I don't expect to be bowled ov 3lol12/17/17
2k, which equated to close to 1k after deductions. What a fu 3lol12/18/17
Billable requirements: 1850 My likely total hours: 2050 bucwild12/18/17
$1,000. I thought it was going to be more. They do it based fettywap12/18/17
The big mystery around here is when bonuses are coming. The jd4hire12/18/17
Unique in the sense that you all know everyone else's, AND t inho2solo12/18/17
Only associates know one another. The firm is big on transp jd4hire12/18/17
Nyc boni drive the Hamptons housing market. If you see NY aknas12/18/17
When I was at a small law firm doing estate planning my bonu junkwired12/18/17
Settled/Awarded 1.5 million in PI cases. $100.00 Bonus! Old mnjd12/18/17
billed over $600k. Bonus of $1,000. but then again my bonu cheapbrass12/18/17
Wow. "Nice job sonny. Here are TWO sticks of Juicy Fruit dogdaypm12/18/17
That's utter garbage. Do you at least make a passable salary 3lol12/18/17
I got a $1,000 Christmas bonus and a $3,000 "we really appre johnsmith12/18/17
Last year I got $100 amazon gift card. This year - nothing. ipesq12/18/17
6k raise; 16k bonus (9,690.64 after tax). Mid-Law Insuran jd4hire12/19/17
Zero bonus, Fed in non-law field. On the plus side the offic flyer1412/19/17
"Bonus" isn't going to come until after the new year. But in jorgedeclaro12/19/17
$4k. In house at small company. Werks fer me flawed12/19/17
Just $135,000, was hoping for about 20% more. lionelhutz12/19/17
Your budget, your fault, man! inho2solo12/19/17
135k cash bonus? Stop posting here. gladigotaphdinstead12/22/17
Why? He worked his way up to GC. dogdaypm12/23/17
thanks, yes did 8 years in biglaw and 6 years in-house befor lionelhutz12/23/17
bonuses are based on a corporate budget that was wildly inac lionelhutz12/19/17
Sorry, mostly teasing you based on last year's memory (or mi inho2solo12/19/17
stock and options are actually a much bigger part of my comp lionelhutz12/19/17
A somewhat rare bottle of midrange scotch and a book. The se retard12/22/17
$500 cash and a nice bottle of wine. Not complaining though. thirdtierlaw12/22/17
Zero dollars. But I got a partnership interest, and the f themapmaster12/22/17
Wachtell, 6th year associate, $90,000 bonus this year mrlollipop12/26/17
Wow, yours and lionelhutz's are more than most annual salari loblawyer12/26/17
Pretty sure Lolipop is just joking - these are the Cravath b lionelhutz12/26/17
Was going to say this. 90k as a 6th year at Wachtell means t midlaw12/26/17
Thanks, guessing most here including me missed that punchlin loblawyer12/26/17
Lol, you should go to toplawschool's discussion forum seeing mrlollipop12/27/17
So the annual bonus for a 2nd year associate at Cravath is o bucwild01/02/18
$25K. Midlaw in the South. tdkerabatsos12/26/17
$1,000. Not surprised, because we had a big year in expense tttnoregrets12/28/17
5K. Software developer. drwayoflife12/29/17
$0. Firm doesn't do yearly bonuses. Still waiting to find ou tcpaul01/02/18

loblawyer (Dec 16, 2017 - 12:12 am)

So it's that time of year: let's have our own version of what abovethelaw does.

I suppose list the actual bonus and if there was an hourly requirement to hit it. Probably should add approximate firm size or small/mid/biglaw or in-house description.

I'll set the bar low to start. $1k, no billable target to hit, small law.

Reply Like (0)
dietcoke (Dec 16, 2017 - 3:42 am)

1k seems barely worth the paperwork

Reply Like (0)
loblawyer (Dec 16, 2017 - 5:18 pm)

I suppose better than nothing (or a small gift card) which has been past experience.

Reply Like (0)
thirdtierlaw (Dec 16, 2017 - 5:28 pm)

Well you must make much more than I do. If my boss came in and dropped a grand on my desk and said Merry Christmas I'd be thankful.

Reply Like (0)
inho2solo (Dec 16, 2017 - 9:08 pm)

Can't believe how fast this thread died!

Reply Like (0)
cranky (Dec 17, 2017 - 9:47 am)

Bonus?? I'm lucky if one of my clients sends me a Christmas card. once in a blue moon, I get chocolates from other attorneys as a thank you for referrals.

Reply Like (0)
bodog (Dec 17, 2017 - 10:36 am)

I can get a bonus twice a year (paid in April and October) based on hours billed over 1000 for the fiscal half year. I got it the first cycle (I think somewhere between $1500-2000 pre-megatax) and then said screw that. My only real goal is to do just enough not to get fired. I've accepted my fate in Middle Class purgatory.

Reply Like (0)
dietcoke (Dec 17, 2017 - 2:58 pm)

I'm getting a stub year bonus. Big law, hours irrelevant, plan to spend it on beer and student loan interest

Reply Like (0)
hous (Dec 17, 2017 - 7:09 pm)

Small law, $1,500. No billable requirement for the bonus. I'm happy with it because the firm didn't have to give me anything!

Reply Like (0)
3lol (Dec 17, 2017 - 7:28 pm)

I'll find out on Thursday but I don't expect to be bowled over.

Reply Like (0)
3lol (Dec 18, 2017 - 10:14 am)

2k, which equated to close to 1k after deductions. What a fu*king joke. If they want to pay me like a goddamn legal secretary than they should give me a legal secretary's duties.

Reply Like (0)
bucwild (Dec 18, 2017 - 9:06 am)

Billable requirements: 1850
My likely total hours: 2050

Bonus: Expecting low five figures.

Reply Like (0)
fettywap (Dec 18, 2017 - 9:49 am)

$1,000. I thought it was going to be more. They do it based off your pay because performance doesn't really matter around here.

Reply Like (0)
jd4hire (Dec 18, 2017 - 10:52 am)

The big mystery around here is when bonuses are coming. They still have one more associate to review, scheduled Tuesday. I'll post then, but am really hopeful to hit 15k. Anything five digits would be great though.

My firm is unique as all associates know each other's salary/bonus. Always makes for an odd few days after the info is released. Mid-Law. 1800.

Reply Like (0)
inho2solo (Dec 18, 2017 - 11:36 am)

Unique in the sense that you all know everyone else's, AND they're not lockstep based on year.

What you describe seems to me to be a very uncomfortable situation to put employees in.

Good luck, hope you get that $15K!

Reply Like (0)
jd4hire (Dec 18, 2017 - 11:53 am)

Only associates know one another. The firm is big on transparency. All associates see the same financial info that partner's do with respect to profit/ loss, partner draws, 401(k) contributions, healthcare, etc. I enjoy it minus when the bonuses and salary info comes out. Assocaites question why X got Y and so on and so forth. Much is tied to graduation year versus years at firm, which works in my favor.

Reply Like (0)
aknas (Dec 18, 2017 - 11:03 am)

Nyc boni drive the Hamptons housing market.

If you see NY banker boni spillage into law partner boni, then now may be a good time to invest in a NY REIT.

Reply Like (0)
junkwired (Dec 18, 2017 - 11:09 am)

When I was at a small law firm doing estate planning my bonus was about $500.

Reply Like (0)
mnjd (Dec 18, 2017 - 12:32 pm)

Settled/Awarded 1.5 million in PI cases. $100.00 Bonus! Old School boss that has been in the game for 57 years!

Reply Like (0)
cheapbrass (Dec 18, 2017 - 2:46 pm)

billed over $600k. Bonus of $1,000. but then again my bonus is not tied to anything and all the attorneys in my firm receive the same bonus amount. Its the same year after year.

Reply Like (0)
dogdaypm (Dec 18, 2017 - 3:35 pm)

Wow.

"Nice job sonny. Here are TWO sticks of Juicy Fruit Gum!"

Reply Like (0)
3lol (Dec 18, 2017 - 4:55 pm)

That's utter garbage. Do you at least make a passable salary?

Reply Like (0)
johnsmith (Dec 18, 2017 - 5:07 pm)

I got a $1,000 Christmas bonus and a $3,000 "we really appreciate you" bonus.
That's after taxes.

Reply Like (0)
ipesq (Dec 18, 2017 - 6:42 pm)

Last year I got $100 amazon gift card. This year - nothing. I received a raise a couple months ago, but c'mon. They collected over $500,000 of my billable time. Such a scam.

Reply Like (0)
jd4hire (Dec 19, 2017 - 11:06 am)

6k raise; 16k bonus (9,690.64 after tax).
Mid-Law Insurance Defense

Very happy with the numbers.

Reply Like (0)
flyer14 (Dec 19, 2017 - 12:36 pm)

Zero bonus, Fed in non-law field. On the plus side the office is a ghost town because the boomers are all using their use-or-lose leave.

Reply Like (0)
jorgedeclaro (Dec 19, 2017 - 1:17 pm)

"Bonus" isn't going to come until after the new year. But in discussing the structure recently, looks to be a hair under 20k. Which great as last year it was about 5k.

Reply Like (0)
flawed (Dec 19, 2017 - 1:22 pm)

$4k. In house at small company. Werks fer me

Reply Like (0)
lionelhutz (Dec 19, 2017 - 1:51 pm)

Just $135,000, was hoping for about 20% more.

Reply Like (0)
inho2solo (Dec 19, 2017 - 2:00 pm)

Your budget, your fault, man!

Reply Like (0)
gladigotaphdinstead (Dec 22, 2017 - 8:14 pm)

135k cash bonus? Stop posting here.

Reply Like (0)
dogdaypm (Dec 23, 2017 - 11:05 am)

Why? He worked his way up to GC.

Reply Like (0)
lionelhutz (Dec 23, 2017 - 2:48 pm)

thanks, yes did 8 years in biglaw and 6 years in-house before getting GC slot. I don't get S&P500 level GC comp, but its nice overall with other perks.

Reply Like (0)
lionelhutz (Dec 19, 2017 - 2:01 pm)

bonuses are based on a corporate budget that was wildly inaccurate and understated. The Board of Directors capped a payout that should have been much higher.

Reply Like (0)
inho2solo (Dec 19, 2017 - 2:04 pm)

Sorry, mostly teasing you based on last year's memory (or mis-remembering) of something you said then.
(Last year or whenever it was that this question came out last time).

Reply Like (0)
lionelhutz (Dec 19, 2017 - 2:08 pm)

stock and options are actually a much bigger part of my comp than the bonus, but somehow the cash bonus seems more real, especially since the stock vests over 4 years and the value jumps around all the time.

Reply Like (0)
retard (Dec 22, 2017 - 3:41 pm)

A somewhat rare bottle of midrange scotch and a book. The selection of both were extremely well thought out and reflect that the boss has paid attention to minor comments I’ve made in passing.

No money because I am a partner and I get a distribution.

Reply Like (0)
thirdtierlaw (Dec 22, 2017 - 8:21 pm)

$500 cash and a nice bottle of wine. Not complaining though. My boss flat out gave me two clients in September and said I could keep 100% of what I billed on them because they were "small matters". So that ended up being an extra $6k in my pocket.

Reply Like (0)
themapmaster (Dec 22, 2017 - 9:13 pm)

Zero dollars.

But I got a partnership interest, and the firmest commitment yet from my boomer mentor that he is going to retire soon.

I wish I could say confidently that this is worth more than a $4,000 bonus. But sadly, I cannot.

Reply Like (0)
mrlollipop (Dec 26, 2017 - 2:08 am)

Wachtell, 6th year associate, $90,000 bonus this year

Reply Like (0)
loblawyer (Dec 26, 2017 - 10:33 am)

Wow, yours and lionelhutz's are more than most annual salaries on this board.

Reply Like (0)
lionelhutz (Dec 26, 2017 - 11:57 am)

Pretty sure Lolipop is just joking - these are the Cravath bonuses per ATL and Wachtell is known for being about 2x the rest on bonuses -

Class of 2017 — $15,000 (pro-rated)
Class of 2016 — $15,000
Class of 2015 — $25,000
Class of 2014 — $50,000
Class of 2013 — $65,000
Class of 2012 — $80,000
Class of 2011 — $90,000
Class of 2010 — $100,000
Class of 2009 — $100,000

Reply Like (0)
midlaw (Dec 26, 2017 - 1:13 pm)

Was going to say this. 90k as a 6th year at Wachtell means they want you gone, like yesterday.

Reply Like (0)
loblawyer (Dec 26, 2017 - 1:17 pm)

Thanks, guessing most here including me missed that punchline. Completely incomprehensible numbers.

Reply Like (0)
mrlollipop (Dec 27, 2017 - 2:35 am)

Lol, you should go to toplawschool's discussion forum seeing all those biglaw kids braggig

Reply Like (0)
bucwild (Jan 2, 2018 - 9:17 am)

So the annual bonus for a 2nd year associate at Cravath is only 15k? That seems really low. That's my bonus, and I'm at a small boutique firm.

Reply Like (0)
tdkerabatsos (Dec 26, 2017 - 9:14 am)

$25K. Midlaw in the South.

Reply Like (0)
tttnoregrets (Dec 28, 2017 - 10:04 am)

$1,000. Not surprised, because we had a big year in expenses (5 new hires, new server, new phone system, etc.). Still disappointed though because past two years were around $5k and $7.5k.

Small Consulting Firm, Ohio.

Reply Like (0)
drwayoflife (Dec 29, 2017 - 10:13 am)

5K. Software developer.

Reply Like (0)
tcpaul (Jan 2, 2018 - 8:46 am)

$0. Firm doesn't do yearly bonuses. Still waiting to find out if and how much my raise will be...

Reply Like (0)
Post a message in this thread