UChicago 2011 OCI Discussion and Results

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Re: UChicago 2011 OCI Discussion and Results

Postby Anonymous User » Sun Sep 04, 2011 5:15 pm

Anonymous User wrote:
Anonymous User wrote:Why do people only bid on V10 firms? This is bewildering to me. All of the big firms start at the same rate. Many of the top firms have a reputation for working you ridiculous hours for the same salary (ok, possibly a small additional bonus). Most people will never make equity partner, so profits/partner doesn't seem to matter, but even if they do, how much money do you really need? I can understand bidding on specialized firms that have a strength in an area of interest. But merely bidding on a firm because they've jumped 4 spots and are now in the V10 seems ridiculous. Is there some benefit that I'm not seeing other than saying "I work at Wachtell" and hoping that the girl at the end of the bar knows that that's supposed to be impressive (she doesn't)?

Well the benefit of Wachtell is the chance of a 100% bonus. As far as the other V10 firms are concerned I agree with you. The only benefits I can see are exit options, job security, and of course the prestige.


I don't know if V10 necessarily guarantees more job security than other firms but I would say the key thing is exit options. In-house and plenty of other exit options care very much about prestige. They also care about perceived quality of training (which you could also get at non-prestigious firms), but often prestigious firms are thought to have good training as well and ideally they'd like prestige and training.

A bad scenario for exit options is to go to a firm that's meh in terms of reputation and it's generally considered not to give its junior associates very much responsibility.

Also, even if you go into biglaw with the intention of gunning for partner, while many will find that biglaw life suits them, many more will discover (unfortunately) that they hate it or that they need less hours for personal reasons, etc. etc. So don't discount the value of exit options. Some people will ignore this and end up complaining that they wish OCS had warned them...

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Re: UChicago 2011 OCI Discussion and Results

Postby Anonymous User » Sun Sep 04, 2011 5:22 pm

Covington DC ding via e-mail

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Re: UChicago 2011 OCI Discussion and Results

Postby Anonymous User » Sun Sep 04, 2011 5:59 pm

Sheppard Mullin SF, Jones Day Houston Dings.

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Old Gregg
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Re: UChicago 2011 OCI Discussion and Results

Postby Old Gregg » Sun Sep 04, 2011 7:33 pm

It's not so much exit options of V10 vs. non-V10 as it is "top 10" vs. "not top 10." There are about 15-16 firms that can make a legitimate claim to being a top 10 firm, even if they aren't in the V10.

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Re: UChicago 2011 OCI Discussion and Results

Postby Anonymous User » Sun Sep 04, 2011 7:37 pm

Wachtell interviewer was JC

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courtneylove
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Re: UChicago 2011 OCI Discussion and Results

Postby courtneylove » Sun Sep 04, 2011 8:59 pm

Anonymous User wrote:Wachtell interviewer was JC




really? :lol:

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Re: UChicago 2011 OCI Discussion and Results

Postby Anonymous User » Sun Sep 04, 2011 9:07 pm

courtneylove wrote:
Anonymous User wrote:Wachtell interviewer was JC




really? :lol:


(hilarious to the 5% of the student body that is religious)

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Re: UChicago 2011 OCI Discussion and Results

Postby Anonymous User » Sun Sep 04, 2011 9:13 pm

Anonymous User wrote:
courtneylove wrote:
Anonymous User wrote:Wachtell interviewer was JC




really? :lol:


(hilarious to the 5% of the student body that is religious)


I'm not religious, but I still have "whooooozzz in the hooooowwwzzz....JAY SEE" stuck in my head.

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Re: UChicago 2011 OCI Discussion and Results

Postby Anonymous User » Sun Sep 04, 2011 11:40 pm

courtneylove wrote:
Anonymous User wrote:Wachtell interviewer was JC




really? :lol:


James Cole is the man.

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Re: UChicago 2011 OCI Discussion and Results

Postby Anonymous User » Mon Sep 05, 2011 8:40 am

Anonymous User wrote:
courtneylove wrote:
Anonymous User wrote:Wachtell interviewer was JC




really? :lol:


(hilarious to the 5% of the student body that is religious)


More like 25%.

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quakeroats
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Re: UChicago 2011 OCI Discussion and Results

Postby quakeroats » Mon Sep 05, 2011 9:34 am

Anonymous User wrote:
courtneylove wrote:
Anonymous User wrote:Wachtell interviewer was JC




really? :lol:


James Cole is the man.


http://www.youtube.com/watch?v=cOFOYr4PWiU

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Re: UChicago 2011 OCI Discussion and Results

Postby Anonymous User » Mon Sep 05, 2011 10:11 am

Anything on DPW?

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Re: UChicago 2011 OCI Discussion and Results

Postby Anonymous User » Mon Sep 05, 2011 12:26 pm

anyone hear from MoFo or Davis Polk (NY or Menlo Park)?

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Re: UChicago 2011 OCI Discussion and Results

Postby Anonymous User » Mon Sep 05, 2011 1:05 pm

Has Skadden NYC sent out dings yet?

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Re: UChicago 2011 OCI Discussion and Results

Postby Anonymous User » Mon Sep 05, 2011 1:19 pm

Anonymous User wrote:Anything on DPW?

Pretty sure DPW NY hasn't given out any CBs yet.

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Re: UChicago 2011 OCI Discussion and Results

Postby Anonymous User » Mon Sep 05, 2011 1:26 pm

Anonymous User wrote:
Anonymous User wrote:Anything on DPW?

Pretty sure DPW NY hasn't given out any CBs yet.


good news, good news

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Re: UChicago 2011 OCI Discussion and Results

Postby Anonymous User » Mon Sep 05, 2011 1:43 pm

Anonymous User wrote:anyone hear from MoFo or Davis Polk (NY or Menlo Park)?



MoFo NY has given CBs

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Re: UChicago 2011 OCI Discussion and Results

Postby Anonymous User » Mon Sep 05, 2011 3:09 pm

So, if I haven't heard back from 80% of the firms I interviewed with, should I assume that most of those are dings? Or are most of those waitlists?

Should we be trying to contact firms that we really wanted that we haven't heard back from?

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Re: UChicago 2011 OCI Discussion and Results

Postby Anonymous User » Mon Sep 05, 2011 3:12 pm

Anonymous User wrote:So, if I haven't heard back from 80% of the firms I interviewed with, should I assume that most of those are dings? Or are most of those waitlists?

Should we be trying to contact firms that we really wanted that we haven't heard back from?


+1

I'm sitting at about 70-75%, and I targeted NYC, with some other cities mixed in. (Counter to the "NYC IS SO MUCH FREAKIN FASTER THAN OTHER MARKETS" talk, I've heard back from every single non-NYC firm I interviewed with.)

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Re: UChicago 2011 OCI Discussion and Results

Postby Anonymous User » Mon Sep 05, 2011 3:22 pm

Anonymous User wrote:
Anonymous User wrote:So, if I haven't heard back from 80% of the firms I interviewed with, should I assume that most of those are dings? Or are most of those waitlists?

Should we be trying to contact firms that we really wanted that we haven't heard back from?


+1

I'm sitting at about 70-75%, and I targeted NYC, with some other cities mixed in. (Counter to the "NYC IS SO MUCH FREAKIN FASTER THAN OTHER MARKETS" talk, I've heard back from every single non-NYC firm I interviewed with.)


Its annoying. I feel that firms this year are using some type of new model. They are basically taking less people for callbacks, trying to satiate themselves on those, and then taking more after the first rounders don't pan out.

3Ls: When do we hear back from these firms?

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Re: UChicago 2011 OCI Discussion and Results

Postby Anonymous User » Mon Sep 05, 2011 4:00 pm

Anonymous User wrote:
Anonymous User wrote:So, if I haven't heard back from 80% of the firms I interviewed with, should I assume that most of those are dings? Or are most of those waitlists?

Should we be trying to contact firms that we really wanted that we haven't heard back from?


+1

I'm sitting at about 70-75%, and I targeted NYC, with some other cities mixed in. (Counter to the "NYC IS SO MUCH FREAKIN FASTER THAN OTHER MARKETS" talk, I've heard back from every single non-NYC firm I interviewed with.)


It seems like Cali was the winner for speed of callbacks this year.

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Re: UChicago 2011 OCI Discussion and Results

Postby Anonymous User » Mon Sep 05, 2011 4:08 pm

It doesn't help that a lot of the big firms didn't interview till week 2, which drew to an end just in time for Labor Day weekend.

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Re: UChicago 2011 OCI Discussion and Results

Postby Anonymous User » Mon Sep 05, 2011 4:44 pm

Anonymous User wrote:
Anonymous User wrote:
Anonymous User wrote:So, if I haven't heard back from 80% of the firms I interviewed with, should I assume that most of those are dings? Or are most of those waitlists?

Should we be trying to contact firms that we really wanted that we haven't heard back from?


+1

I'm sitting at about 70-75%, and I targeted NYC, with some other cities mixed in. (Counter to the "NYC IS SO MUCH FREAKIN FASTER THAN OTHER MARKETS" talk, I've heard back from every single non-NYC firm I interviewed with.)


It seems like Cali was the winner for speed of callbacks this year.


Maybe. I would say Silicon Valley got back really fast, some LA firms got back fast. SF was also quick. OC and San Diego have both been a long time responding.

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Re: UChicago 2011 OCI Discussion and Results

Postby Anonymous User » Mon Sep 05, 2011 8:35 pm

The Chicago and New York firms were both relatively fast with callbacks. Almost every Chicago firm did callbacks the same day or the next, with a few firms waiting a couple of days. New York was a mixed bag, it seems like many of the more prestigious firms had pretty quick turn around on their initial callbacks. While the mid tier NY firms are taking a fair amount of time.

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Re: UChicago 2011 OCI Discussion and Results

Postby Anonymous User » Mon Sep 05, 2011 10:42 pm

Anonymous User wrote:The Chicago and New York firms were both relatively fast with callbacks. Almost every Chicago firm did callbacks the same day or the next, with a few firms waiting a couple of days. New York was a mixed bag, it seems like many of the more prestigious firms had pretty quick turn around on their initial callbacks. While the mid tier NY firms are taking a fair amount of time.


Have Sidley Chicago and L&W Chi done CBs then?




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