Anonymous User wrote:From reading this thread it seems like Plaintiff side firm (in comparison to biglaw) offer:
1) Significantly fewer hours
I don't know if it is "significantly" fewer hours, but the pressure to bill hours is certainly less (because there are no formal billables), and because of that there's less (or no) incentive to work just to work. I can say that having been on BOTH SIDES, associates at plaintiffs' firms work less than their counterparts at biglaw.
Anonymous User wrote:2) Significantly lower associate salaries/bonus
Again, not sure what you mean by "significantly" but on average the salaries will be comparable to midlaw v. biglaw. Boni varies. On any given 10 year period, on average your biglaw counterpart will probably have a higher bonus. But in any given year your bonus can be as much as 3x more than your counterpart at biglaw.
Anonymous User wrote:3) Significantly higher partner salaries/bonus
Probably true, but again will vary year-to-year
Anonymous User wrote:4) Less stable earnings (year to year)
Yes no doubt.
Anonymous User wrote:6) More interesting work/more responsibility early
I guess this is matter of personal opinion, but I certainly think the work is more interesting. Certainly more of an adrenaline rush.
Anonymous User wrote:7) Less 'Prestige'
This is an interesting question. It maybe less prestigious to law students, but that certainly isn't the case -- across the board -- for practitioners, judges, etc.
But even for law students, is it always more prestigious to work for, for example, Cravath as opposed to, say, Boies? That's a question only you can answer.
Anonymous User wrote:8) Fewer exit opportunities
Probably true, but most folks go to plaintiffs' side work after exiting from somewhere welse.
Anonymous User wrote:9) Better odds of making partner (?)
I would say so.
Anonymous User wrote:That's a deal I'd take every time. Do law students not aim for these firms because they are risk averse and prestige focused? They don't like the unstructured job search, varying salary and being lumped in with ambulance chasers?
What am I missing? Thanks in advance.
Yes, you have to realize that those typical "ambulance chasers" are probably a small percentage of plaintiffs' work. Nobody would say Susman is chasing ambulances, or the Leiff is doing slip-and-fall, or that Altschuler does anything but the most sophisticated type of legal work (Plaintiffs, Defense, or whatever).
Hope that helps.