« on: November 21, 2007, 09:49:26 PM »
Historically in NY Latham has paid at least market bonuses, but frequently above market from what I've seen. I think last year their bonuses started at $27,500 for first years - I don't know where that fit in with non-NY bonuses, but my guess is that that was at or above market. I believe Latham pays their bonuses in January/February and they usually wait until then to announce, so I certainly wouldn't be alarmed that they haven't said anything yet and I wouldn't count on hearing anything before you make your decision.
Cravath hadn't announced yet when I made my decision, so it wasn't an issue for me. Even if I was making my decision now, however, the fact that Latham hasn't announced wouldn't affect my decision because (1) it seems highly likely that Latham will pay market bonuses in any cities where other firms are doing so, and (2) whatever happens now will likely have little impact on me, since there's a pretty good chance that base pay and/or bonuses will have changed again (and again and again) by the time I receive my first full-year bonus in late 2010/early 2011.
Let me know what you end up doing and maybe we'll see each other at the summer retreat if you pick Latham. Good luck - you have two amazing choices and can't go wrong either way.