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I aim to do as few as possible to get my full bonus and not get yelled out.
A lot of firms claim to not have billable requirements but associates won’t qualify for the bonus unless they meet an unofficial number.
For instance I previously worked at sidley and people at 1950 received no bonus whereas people who hit 2000+ got market (and some significantly above market).
I would think aiming for 2100 should be the minimum goal. That’s a 43.75 hr week with 4 weeks of vacations. Our assistants work those hours so shouldn’t be awful…
Also m benefit of aiming for 2100 is if you come in low you still get the bonus and if you come in high you might get a bump.
Sure billable hours are different, and we can all agree on that. But the point is 2100 isn’t awful in big law and the question was what to aim for.
Just here to make sure they get their bonus because it would suck to not be bonus eligible because you aim for 2000 and fall just a little short when there is an unofficial bonus requirement.
Mentor
I am at a firm w no requirement and it’s good and bad. Obviously, you won’t get bonuses for all the “extra” work you do. Similarly, you have no idea. I told myself I’d like to bill 140-160 and have been at 200+ for 3 months straight.
Would you be taking a pay cut to lateral? If so, might not be worth it.
Some of the comments here are confusing. I’m at a firm with no billable hours requirement and everyone gets the full bonus, regardless of hours. Aiming for 170/mo is a solid goal. That should put you right around the middle 50%, so you wouldn’t be an outlier. Getting fired is almost never solely about having low hours. It would have to be combined with very, very poor work product, really bad attitude, and/or refusing assignments when you very clearly have capacity.
See if you can get a bit more information before committing. They should be able to tell you at what point you’d qualify for a bonus based on your proposed rate and salary. Is it based on a number of hours? Collections in the door? (more likely) If they will give you that info, you can better gauge your month to month workload. If they won’t give you that info, I’d say 🚩🚩🚩
If it's not, don't go to that firm!
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