- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Law Firm Cravath Raising Starting Salaries to $180,000
Posted on 6/6/16 at 10:31 pm to Jim Smith
Posted on 6/6/16 at 10:31 pm to Jim Smith
quote:
Norton Rose
Never heard of Fulbright paying $180k starting. Susman is an odd exception. You bill 3000 hours a year there. Bickel and Brewer were also high stakes litigators before they broke up. Plus they were a fairly small shop.
1
Posted on 6/6/16 at 10:34 pm to CorporateTiger
quote:
IB is still a shite ton of work, I know quite a few who work harder than BigLaw guys
IBankers work far more than most Big Law Associates. Thats why they all go private equity after awhile.
Posted on 6/6/16 at 10:35 pm to LoveThatMoney
Used to be 30 percent. Now it's less than 10 but a good number lateral or move just a step down.
Posted on 6/6/16 at 10:38 pm to LoveThatMoney
V&E people I know in Houston make close to that. Yet they work beyond sweat shop hours.
Making partner at these firms has to be insanely competitive.
Making partner at these firms has to be insanely competitive.
Posted on 6/6/16 at 10:41 pm to Keys Open Doors
quote:
Now it's less than 10 but a good number lateral or move just a step down.
Yeah. That's really the only option. You have to get the hell out. Give 7-10 years to them, fail to make partner because you don't enough hours or enough clients or a niche practice, and they boot you. Most are good enough to help you find a landing spot though unless you've burned bridges.
Posted on 6/6/16 at 10:41 pm to Samso
quote:
V&E people I know in Houston make close to that. Yet they work beyond sweat shop hours.
V&E pays first year associates $160K.
Posted on 6/6/16 at 10:42 pm to UpToPar
quote:
V&E pays first year associates $160K
And they don't work any more than other big law folks. Many don't work terrible hours at all.
Posted on 6/6/16 at 10:43 pm to RedRifle
Beat 'em 
Posted on 6/6/16 at 10:45 pm to LoveThatMoney
quote:
And they don't work any more than other big law folks. Many don't work terrible hours at all.
I think they have a 2400 billable requirement. I guess that's pretty standard amongst the big law firms.
Posted on 6/6/16 at 10:50 pm to UpToPar
quote:
I think they have a 2400 billable requirement. I guess that's pretty standard amongst the big law firms
I assure you they do not. It's 2000 billable hours. Just like every other big law firm in Texas. That's market throughout much of big law. Which isn't too say they don't bill 2400 hours. But that's not the requirement
Posted on 6/6/16 at 10:53 pm to LoveThatMoney
quote:
I assure you they do not. It's 2000 billable hours. Just like every other big law firm in Texas. That's market throughout much of big law. Which isn't too say they don't bill 2400 hours. But that's not the requirement
Gotcha. I wasn't sure.
Posted on 6/6/16 at 10:54 pm to LoveThatMoney
There's the requirement and then there's the "requirement."
Then there's the practice area discrimination, chance to get caught up in firm politics, failure to find a golden goose client, or having someone steal your book of business each one is a way to miss making partner even if you can hit the "requirement."
Then there's the practice area discrimination, chance to get caught up in firm politics, failure to find a golden goose client, or having someone steal your book of business each one is a way to miss making partner even if you can hit the "requirement."
Posted on 6/6/16 at 11:21 pm to CorporateTiger
quote:
There's the requirement and then there's the "requirement."
Then there's the practice area discrimination, chance to get caught up in firm politics, failure to find a golden goose client, or having someone steal your book of business each one is a way to miss making partner even if you can hit the "requirement
Indeed. There is no small amount of luck involved in making partner at a big law law firm.
Posted on 6/6/16 at 11:23 pm to SlowFlowPro
quote:
until the tech bubble pops
Posted on 6/7/16 at 6:29 am to CorporateTiger
T
This
quote:
practice area discrimination,
This
Posted on 6/7/16 at 8:25 am to RedRifle
They probably hit 2k by July. Won't stop partners and senior associates from shoveling work on them with extremely tight deadlines. And the pro bono work. And the client development work (if they're allowed to get that close). The minimum billing requirement is a fiction.
Posted on 6/7/16 at 9:00 am to LoveThatMoney
quote:
Indeed. There is no small amount of luck involved in making partner at a big law law firm.
I wouldn't use the word "luck". More like politics.
Posted on 6/7/16 at 9:10 am to RedRifle
Biglaw discussion always makes me laugh. What do you think that is -- like 5 or 10% of the profession? Unless you're a law review student or have connections, you're not getting those jobs.
I get bombarded with articles from this crazy job search company that I usually ignore. Today's installment was pretty eye-opening. I'm not in a big law job, am paid adequately and grateful for it, but it is soul-crushing like this article.
Another Big Law Attorney I Know Just Died Young.
I get bombarded with articles from this crazy job search company that I usually ignore. Today's installment was pretty eye-opening. I'm not in a big law job, am paid adequately and grateful for it, but it is soul-crushing like this article.
quote:
Most of the attorneys I know would tell you they are in chains. Many of them are constantly switching law firms or dreaming about going “in-house” somewhere. Some talk about how they are going to start a winery or do other fun things. However, the reality is that very few ever do any of these things. Instead, most attorneys in law firms gain weight, become a bit angry and drive back and forth to an office each day knowing they do not have many other options.
What struck me about this attorney and his death was that after all that hard work – what did he have to show for it? It makes me sad when I think of all of the people I know who worked such incredible hours inside of law firms, only to leave to go to another firm. It makes me sad for several reasons.
....
I have seen so many attorneys I know kill themselves inside of law firms working incredible hours for a decade or more – and then leave with nothing. It is strange and bewildering to me. One attorney I once worked with lost his mind and tried to kill his girlfriend in a drunken rage. He went to prison. Another attorney I know went insane and convinced himself that he controlled a series of industrial conglomerate companies in Russia (I’m not kidding). Most get divorces.
....
I did not know this attorney well. I am writing about him because this is the sort of pattern I see over and over again. It makes me sad and it makes me care for and respect what attorneys go through.
Another Big Law Attorney I Know Just Died Young.
This post was edited on 6/7/16 at 9:13 am
Posted on 6/7/16 at 9:12 am to RedRifle
quote:
I wouldn't use the word "luck". More like politics
O certainly politics are involved and you have to play the game, but it is luck landing in a spot where you click with your supervisors and luck that you don't have other people coming up for partner at the same time as you who are maybe just a little bit bigger rock stars than you.
I know plenty of people who didn't make partner one place simply because these firms only make a handful of partners a year and, despite being an overly qualified candidate, they get left out because the others that are up that year are just a little better (and of course politics plays into that too).
But of course those candidates left out go into partnership positions at other great firms, so don't weep for them too much.
Posted on 6/7/16 at 9:33 am to Bunk Moreland
quote:
I'm not in a big law job, am paid adequately and grateful for it, but it is soul-crushing like this article.
Why don't you get out? You really find your job "soul crushing"?
Page 7 of 11
Popular
Back to top
Follow TigerDroppings for LSU Football News