Deferred Compensation

07 Dec 2012 at 10:15 AM
Associate Bonus Watch 2012, Associate Salaries, Biglaw, Billable Hours, Bonuses, Money

Associate Bonus Watch: Vinson & Elkins Ditches Deferred Compensation (In Part)

By David Lat

Last year, I complained that the complicated compensation system at Vinson & Elkins was giving me a headache. What’s wrong with a Cravath-style system of lockstep salaries and bonuses? Or a Kirkland- or Latham-style system of lockstep salaries and individualized bonuses? Is it really necessary, for purposes of paying associates, to utilize a system involving deferred compensation?

Luckily for me and my limited quantitative-reasoning ability, V&E has decided to streamline their system. Let’s learn about what they’re doing, which they revealed in the course of announcing their bonuses.

Continue reading “Associate Bonus Watch: Vinson & Elkins Ditches Deferred Compensation (In Part)”

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Tags: Associate Bonus Watch 2012, Associate Compensation, Associate Salaries, Biglaw, Billable Hours, Bonuses, Buying Power, Compensation, Deferred Compensation, Money, Salaries, Vinson & Elkins

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Deferred Compensation

Associate Bonus Watch: Vinson & Elkins Ditches Deferred Compensation (In Part)

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