Dear Jones Day threadjackers:
Here is your post about the Jones Day bonus. Now please put the lotion in the basket and give me back my dog.
Okay. Yesterday, Jones Day sent around its individual compensation letters. Traditionally, Jones Day makes bonus decisions on a case-by-case basis. This year is no different, but a tipster reports that the firm has generally decided to follow the Cravath scale.
Jones Day doesn’t have a billable hours requirement. But because of the individual nature of the firm’s decisions, some associates could be receiving more than people at Cravath, while some could get far less.
We also understand that Jones Day does everything it can to keep associates from knowing what the guy down the hall is taking home. A tipster reports:
All comp is confidential here. So no one knows what anyone else gets, unless you spill the beans, which is strongly discouraged. You just get your personal comp letter with your numbers.
Firm spokespeople could not be reached for comment about their bonus structure.
Our tipsters weigh in after the jump.