News for hackers. Stuff that matters.

A comment on Facebook Refused No-Poaching Agreement With Google. Parent comment

Re:Facebook Refused No-Poaching Agreement With Google by grmarcil on Tuesday March 25, 2014 @01:39AM (#7464065)
In general, at the associate level, no. Partner level positions have varying compensation agreements, so hard to generalize there, but associates generally receive most of their compensation in salary.

This is as opposed to finance, where even associate level positions will generally pay a large portion of total compensation in the form of an annual bonus, tied to the firm's performance. In a good year, these can exceed 100% of base salary after a few years of experience, but this is not the case for any non-partner lawyers I know of.

[ Parent | on HN ]
Re:Facebook Refused No-Poaching Agreement With Google by vqc on Tuesday March 25, 2014 @02:08AM (#7464157)
Susman, Wachtell, Boies (and several other litigation boutiques) all have had bonuses that exceeded 100% of base salary (160k). In order to get those bonuses, however, you're probably looking at at least 2400 billable hours a year.
[ Parent | on HN ]
Re:Facebook Refused No-Poaching Agreement With Google by brianbreslin on Tuesday March 25, 2014 @02:51AM (#7464293)
Working 2400 billable hours probably means closer to 3000 actual hours right?
[ Parent | on HN ]
Re:Facebook Refused No-Poaching Agreement With Google by rahimnathwani on Tuesday March 25, 2014 @05:52AM (#7464820)
A lawyer dies and goes to heaven. He complains: "I'm too young to die; I'm only 45!"

The response: 'Not according to your billable hours.'

[ Parent | on HN ]
Re:Facebook Refused No-Poaching Agreement With Google by vqc on Tuesday March 25, 2014 @03:20AM (#7464378)
Right. 80% efficiency is about as high as you can get. It's a real grind.
[ Parent | on HN ]