Tuesday, December 22, 2015

Bonus Round 2015!!!

It time for annual discussion bonuses! Did you get a bonus? Was it bigger than last year? Did you get a raise? What about an adjustment for cost of living increases? Did you get made partner with no pay increase and a higher tax burden? Let us in on your financial situation so we can gloat or commiserate.

How much was your bonus this year?

40 comments:

  1. I'm one of the 0% votes, but I'm also a government employee and never get bonuses (except when it is time to retire, and then woo-hoo!)

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  2. I work for myself. I don't need a bonus, I get 100%. Of course, I have 100% of the grief as well.

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    1. Those write offs are amazing!

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    2. I agree. I own the firm, so I don't pay myself a bonus. But the $90k in profit I normally have at the end of the year (in addition to my $60k salary) and all the personal expenses I can write off make it worth it. However, there are months where I wonder if working for another firm and having a stable paycheck would add years to my life expectancy...

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    3. Self employed.

      My salary is $72k. My expenses on my last tax return were $100,000, all of which I deducted. $17,500 contributed towards my retirement account. Distribution after taxes was $100k. Not bad at all.

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  3. My Christmas bonus was modest, but I don't care because I get 20% of everything I originate, and that was a hefty sum this year for a young associate.

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  4. Why are bonuses even relevant? Your pay package is salary plus bonuses, so who cares what percent of your salary your bonus is.

    Would you rather have a $60,000 salary and a $60,000 bonus, or an $80,000 salary and a $25 gift card for Cheesecake Factory as your bonus?

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    1. Who doesn't love cheesecake

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    2. Really. It's the thought that counts. I'm one of those that got $0.00 for a bonus this year. Granted, there were some circumstances that probably justified it (i.e. billable hour deficit, but made up for in value added to firm), but the least they could have done was the $25 gift card to Cheesecake factory to help the fact that I got no bonus go down a little easier.

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    3. I get Christmas cards from my vendors. That is nice.

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    4. Really, a firm can't do $500 - $1000 for an associate as a bonus? If that's the case, the associate should be worried about whether the firm is financially stable enough to keep employing him.

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    5. Gina Bongiovi gives good bonuses to her associate.

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    6. Suzy Squarebush gives great bonuses to her clients.

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  5. I received a box of chocolates from the court reporting company we use.

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    1. Then you are the true winner. Everyone knows that life is like a box of chocolates, you never know what you're going to get.

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  6. Off topic, but here is today's rant: It's bad enough that the Court of Appeals does not have e-filing or access to the docket for new entries after a case is transferred from the Supreme Court, but now the Court of Appeals "unpublished orders" list is also weeks behind. It's like we've stepped back into the dark ages.

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    1. This is the Court of Appeals way of forcing us to demand that the Legislature (or whatever budgetary authority)give them more money even though Hardesty said it wouldn't cost more.

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    2. I've been compiling a database of their scandocs on www.ournevadajudges.com. I agree that they're forcing us to demand the legislature give them more money though.

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  7. Anyone ever get the "your bonus is the fact that you get to work here" speech? My current firm is great and I would never get that kind of crap, but a few prior firms seemed to role out that beauty near the end of the year (ya' know, to really set up the Christmas mood)!

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    1. Sounds just like an Eglet story. "Twas A Week Before Christmas" ..... I will let you finish the story

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    2. Yep. "Twas a week before Christmas and not a single partner could not be found, because they we're out spending all their money and bragging about all their clout."

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    3. Ah, Eglet, can I collect on my unemployment claim, while you go out spending money on judicial campaigns.

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  8. I am a legal assistant and received a thousand dollar bonus, I was extremely happy as I would rather have the cash then a gift card. I even got it the first week in December so we could use it for the holidays. So my question is; how much should a bonus be to assistants and paralegals?

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    1. Having been a paralegal in Las Vegas for 20 years, a thousand dollars is standard. You are right on target with your bonus and you should be very happy with that.

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    2. A thousand dollars is more on the high end...a typical bonus ranges from $500 to $750.00. If you get a $1,000 or more then you have an excellent employer. Be very happy! That is more than some attorneys have received.

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    3. $100...BEFORE taxes...yeah...

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    4. I would rather have them pay my health insurance! Hopefully one day I will find a job which pays my health insurance and gives me a nice bonus. If you have found that then keep it as it doesn't get much better!!

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    5. Those numbers are straight BS. If you do your part, and your firm has a respectable year, then bonus should be at least 5% or preferably closer to 10%. Bunch of cheap bastards, I say.

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    6. I have a great legal assistant and I gave her $1000 in addition to the bonus from the firm.

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    7. Having been a paralegal for over 30 years, my bonus was $4,000 this year.

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    8. As you can see there is a wide range of bonuses out there....the bottom line is that having a job with a good employer is key...a bonus is nice but is never a guarantee...if you don't like your employer consider the folks who have complained about bosses who scream yell and throw things. The grass may look greener but you may have other issues.

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    9. My last firm was such a terrible combination of the worst things I see mentioned here -- ridiculous workload, low pay, screaming partners. I think the biggest Christmas bonus the partners ever gave anyone (other than themselves) was $1,000. In hindsight, I really wonder why I stayed there as long as I did. Some kind of Stockholm Syndrome maybe?

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    10. I'm a paralegal (8 years) and I received a $4,500 bonus this year. Totally unexpected since I started 3 months ago, but so appreciated in light of my previous employer (national law firm, worked there 5+ years, never received a company bonus).

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  9. My law partner is getting his bonus on Christmas. He reads here so I won't disclose it. Amazon delivered it this week. :)

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    1. Dear Penthouse... Today I received my Christmas bonus from my law partner...

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    2. A bonus from Amazon? "Dear partner, you're worth free shipping and handling...love those Prime benefits! Keep the change ya filthy animal!"

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    3. He would have just put money in savings, I decided to buy him something fun instead!

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  10. I have my own firm. I pay myself a base to cover my living expenses, but I also run all my expenses through the firm. I usually know what my "bonus" will be in April, after I pay my taxes, but I suppose all the meals, entertainment, travel, etc. is a bonus in itself.

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