Anonymous User wrote:
I have an offer from one of these guys. Pay is not even close to the 160K other firms have offerend (115K with smaller bonuses, at least in the first few years). What does TLS think? They're top notch, though and the work they do seems way more interesting. I have to tell them by Monday.
Edit: I just ran the numbers, and after taxes and rent, I'll have 40K at the plaintiffs' firm. If I go to biglaw, after the same expenditures, I'll have 113K.
I'm not going to offer advice on way or the other, but this is something I've thought about a lot so I'll list some of the considerations. I ultimately went biglaw, currently SAing.
If your biglaw offer is from a big name, it will probably open more doors for you in terms of exit options than most of the plaintiffs firms on that list. That said, the doors will be different doors - I expect firms like Altshuler, Lieff, Cotchett would provide great opportunities for, like, the best non-profit jobs around, impact litigation firms, etc. that biglaw generally couldn't do. But, biglaw is probably superior on your resume in terms of just a straight up "this guy is a good lawyer." I think some of those firms position you well to go into the US Attorney's Office (for example, Phillips & Cohen), but that biglaw is also generally better for this. Milberg is probably a good place to make a name in the securities field - but is that the field in which you want to make your name?
I've been told that it's best to be able to find your practice area of choice early in your career and dive straight in. But are you sure of what it is? Biglaw, as a matter of generality, probably gives you more options to explore. What about the hours? I've seen associates work soul crushing hours in both fields and I'm not convinced the big plaintiffs firms are any kinder than the biglaw firms - why would they be? that's who they're competing with.
Good luck; interested to hear others' thoughts. Also interested to get a PM from the LCHB guy to see what he has to say.