Friday, December 7, 2012

BONUS ROUND!!!

It's time to talk bonuses. I know some of you are sensitive about issues like this and may not want to provide much information, but consider it a public service. Feel free to provide as much detail as you want, but at a minimum, we'd like to know how many years you've been practicing, the percentage of your yearly salary that your bonus represents (i.e. a bonus of $10K with a $100K salary is a 10% bonus), and what type of practice you're in (big/small firm, public/private).

Help us help you know if you're being fairly compensated!

17 comments:

  1. Plaintiff's PI firm. Practicing 7 years. They don't give us a bonus -- we "earn our christmas bonus" -- i.e., if you want some spending money this holiday, settle some more cases.

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  2. Be happy that you have a job! There are so many attorneys who lost their job this year (let alone former clients who have lost their job). In this economy, be thankful. However, if my boss gives me a bonus, I will certainly appreciate it! Nonetheless, my expectations are not high on any huge bonus.

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  3. I agree with you. I would be happy to get one but I know how tight things are in our pi firm. My friend in a BK firm had his salary cut so I'm not complaining.

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  4. 7:34-- Wow what a breath of fresh air that opinion is and right on the money. Unless you are an Eglet or Kemp Jones attorney, things are tough out here.

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  5. Hey, things are tough at Eglet Wall too! They still have to find the scratch to build the Eglet Contribution Building to the Human Race and to Perpetuate Legal Learning and Loving. Those solid oak desktops in the Mock Trial Courtroom (that will never be used but must always be polished) will cost a fortune!

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  6. Not to mention the solid gold syringe that will be prominently dispayed in Rob Eglet's office...

    CAPTCHA: edngfi. Not sure what that it, but it sounds vaguely dirty. I like it.

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  7. 4th year insurance defense, bonus is 2% of salary. Not sure if there will be a raise too.

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  8. Star your own and firm and think ant if JD how much to bonus out. The power is like . . . . You'll never know.

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  9. Big firm. 15k bonus.

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  10. Associate at big firm: $19K

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  11. For the associates in the big firm, are your bonuses based on exceeding billables (if so, how much over) or origination or both?

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  12. Solo...bonus is whenever a client pays their invoice. That, and working when I want until I have to go back to the grind.

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  13. Small firm (5 attorneys, 6 staff) - bonus 1% of salary, 4 1/2 day weekends for Thanksgiving, Christmas, and New Years, 40-50hrs/week workweek, and billable requirement of only 1300 hrs/year.

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  14. I'm wondering how long firms will be able to use the bad economy as an excuse to avoid paying bonuses. I know it's still bad out there for some firms, but we're now going on 5 years of this. If you haven't adjusted your workforce/payroll accordingly, you're doing something wrong.

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  15. 1,300 hours a year? How do you keep the lights on?

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  16. Nothing for origination (other than demonstrating value). Strictly based on hours over billable requirement.

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  17. Big firm, bonus if they like you, and it's about 5%. Supposed to make 2000+ but criteria seems flexible.

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