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When does Sullivan & Cromwell announce bonuses?
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Date: November 26th, 2014 10:13 AM Author: Avocado Heaven Mental Disorder 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: Avocado Heaven Mental Disorder 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: fear-inspiring gas station 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: Avocado Heaven Mental Disorder 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: appetizing beta set gaping 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: Avocado Heaven Mental Disorder 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: appetizing beta set gaping 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: Avocado Heaven Mental Disorder 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: appetizing beta set gaping 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: Avocado Heaven Mental Disorder 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: appetizing beta set gaping 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: Avocado Heaven Mental Disorder 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: self-centered nibblets (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: Avocado Heaven Mental Disorder 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: self-centered nibblets 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: Avocado Heaven Mental Disorder 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: appetizing beta set gaping 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: Avocado Heaven Mental Disorder 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: self-centered nibblets 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: Avocado Heaven Mental Disorder 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: Avocado Heaven Mental Disorder 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: appetizing beta set gaping 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: self-centered nibblets (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: self-centered nibblets (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: ebony learning disabled garrison (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: iridescent sanctuary 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: cruel-hearted resort 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: Avocado Heaven Mental Disorder 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: cruel-hearted resort 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: Cracking carmine french chef (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: self-centered nibblets (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: Khaki associate mexican 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: Avocado Heaven Mental Disorder 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: Snowy dilemma 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: Cracking carmine french chef (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: self-centered nibblets 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: Trip sable theatre 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: stirring office (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: Up-to-no-good Lime Knife Sweet Tailpipe 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: Avocado Heaven Mental Disorder 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: self-centered nibblets (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: Khaki associate mexican 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: Avocado Heaven Mental Disorder 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: Snowy dilemma 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: Up-to-no-good Lime Knife Sweet Tailpipe 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: charismatic brethren crotch 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: vibrant brunch depressive 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: Mewling circlehead 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: self-centered nibblets 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: Avocado Heaven Mental Disorder 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: Khaki associate mexican 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: Avocado Heaven Mental Disorder 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: self-centered nibblets 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: Bull headed electric furnace 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: self-centered nibblets 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: Avocado Heaven Mental Disorder 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: self-centered nibblets 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: Avocado Heaven Mental Disorder 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: Khaki associate mexican 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: Avocado Heaven Mental Disorder 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: Avocado Heaven Mental Disorder 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: Khaki associate mexican 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: Avocado Heaven Mental Disorder 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: fighting french coffee pot 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: Avocado Heaven Mental Disorder 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: fighting french coffee pot 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: Avocado Heaven Mental Disorder 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: diverse trailer park headpube 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: fighting french coffee pot 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: cruel-hearted resort 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: fighting french coffee pot 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: cruel-hearted resort 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: Avocado Heaven Mental Disorder 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: Galvanic Purple Generalized Bond 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: cruel-hearted resort 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: self-centered nibblets 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: Khaki associate mexican 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: Avocado Heaven Mental Disorder 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: cruel-hearted resort 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: self-centered nibblets 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: Avocado Heaven Mental Disorder 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: Avocado Heaven Mental Disorder 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: self-centered nibblets 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: pink cerebral antidepressant drug death wish 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: Avocado Heaven Mental Disorder 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: pink cerebral antidepressant drug death wish 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: green blood rage 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: Avocado Heaven Mental Disorder 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: Balding nubile whorehouse (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: magical psychic 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: self-centered nibblets (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: Avocado Heaven Mental Disorder 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: Pale elastic band doctorate 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) |