Legal Law

Downtown Biglaw Mainstay Announces … Probably a Bonus Match?

Look, it’s very easy.

If your goal is to hit the applicable pay rate, that’s how far you want to broadcast. Indeed, if your plan is to exceed the prevailing rate, you have more reason to promote this fact. The only reason to keep things dodgy is if you’re hoping to swap some employees.

Why do we get class-specific bonus notes from Cahill that appear to be in line with the market price? If it’s a full game just say it!

Maybe there is a fly in the ointment, but so far Cahill looks like a match. Just as a refresher, a match would look like this:

First
Second
total

Class of 2020 $ 4,500 $ 7,500 $ 12,000 Class of 2019 $ 6,000 $ 10,000 $ 16,000 Class of 2018 $ 12,000 $ 20,000 $ 32,000 Class of 2017 $ 16,500 $ 27,500 $ 44,000 Class of 2016 $ 19,500 $ 32,500 $ 52,000 Class of 2015 $ 22,200 $ 37,000 $ 59,200 Class of 2014 $ 24,000 $ 40,000 $ 64,000

Payouts are made in June and then again at the end of the year. Nothing more specific … maybe they want to include it in the final annual bonus.

And who knows what will happen to Counsel. Cahill pays its partners very well at the expense of very few. The lawyers are basically gold handcuffed to a FiDi radiator from this company, which is just enough not to test their chances with another company, although they are unlikely to win the bid to join the partnership. Hopefully they get a taste of these bonuses for their troubles.

If the company is running short somewhere (or faster somewhere … although we don’t expect that here), let us know.

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Joe Patrice is Senior Editor at Above the Law and co-moderator of Thinking Like A Lawyer. Feel free to email tips, questions, or comments. Follow him on Twitter for all the law, politics, and a healthy dose of college sports news. Joe is also the managing director of RPN Executive Search.

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