NEPs, one of my friends said he doesn’t get his bonus until April. Is that standard? What do I have to look forward to if I am the chosen one?

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Reed Smith doesn’t pay associate bonuses until end of April, counsel after that, and NEPs after that. Doubt that’s ’standard’ though; they’re just cheap af

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Comp decisions do come out in March (which obviously isn’t quite here yet), so they don’t know their base or bonus yet. Partners actually find out their comp first (February), then after partner comp appeals are filed and decided, counsel comp is evaluated end of February based on whatever scraps are left. Then counsel comp is announced beginning of March and bonuses are paid in June with the partners. But yes it’s all just a way to force people to put in at least 6 mo of extra work just to get compensated for the prior year’s work.

Ours is paid out in four equal installments timed just before estimated taxes are due. I’d imagine there is a lot of variety in terms of timing.

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Agree on variety especially if you go to K-1. Ours is something like 40-30-30 Jan-Apr-Jun and we also get tax advances in Apr-Jun-Sep to help with estimated taxes.

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