Quote:
Originally posted by notcasesensitive
I don't know what L&W's ppp is, but I think it has been edging towards $2mm. I am surprised that K&E's is that high. Are they two-tiered? My impression has been that Sidley and Mayer Brown have tried to play ball with K&E on the associate compensation front in the past. Do you agree?
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Fairly long pm on related topics, too.
K&E is two-tiered, and dramatically so. There are 2-3 times as many non-share as share partners. The share partner comp range this year should be from just under a million to around $7mm.
Sidley and Mayer have been in the ballpark most of the time since the 2000 raises, but K&E raised the stakes last year and, apparently, again this year. From 2000-2004, Sidley and Mayer were generally ahead of K&E if you billed up to about 2200 or 2250 (depending on your class), but K&E pulled ahead as one billed more. Last year wasn't even too different from 00-04 on the low hours side.
If the reports on this year are to be believed (I don't give them full credit, yet), then K&E has demolished all released bonus numbers. However, I believe that there is NO CHANCE that a K&E Chicago associate rated with the class is getting a NYC bonus for billing 1800. They may be dealing with this by not rating anyone under 2000 (barring leave, etc.) "with the class", but K&E doesn't give $50k bonuses to 4th years billing 1825 (maybe in tax).
