How long do you have to accept an offer after V50 callback?

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sonpleaseiamthelaw
Posts: 21
Joined: Fri Oct 17, 2008 6:10 pm

How long do you have to accept an offer after V50 callback?

Postby sonpleaseiamthelaw » Tue Aug 09, 2011 9:12 pm

I got one recently and need to schedule it tomorrow. My OCI isn't for another two weeks.

Should I push back this callback so as to not unduly narrow my window of options?


EDIT: i know a callback isn't an offer and i would be enthralled to get an offer. i just wanted to plan in case.


so i guess its a two-fold q: first, how long does it usually take to get an offer after a callback, and second, how long do you have to accept said offer?

truevines
Posts: 198
Joined: Fri Jun 20, 2008 6:16 pm

Re: How long do you have to accept an offer after V50 callback?

Postby truevines » Tue Aug 09, 2011 9:18 pm

1) I remember you can sit on an offer for 28 days according to the ABA or NALP rules.
2) The useless CDO at my school keeps telling us that we need to schedule our callbacks as soon as possible.
3) An offer comes 1-14 days after the callback.

Anonymous User
Posts: 273099
Joined: Tue Aug 11, 2009 9:32 am

Re: How long do you have to accept an offer after V50 callback?

Postby Anonymous User » Tue Aug 09, 2011 9:35 pm

truevines wrote:1) I remember you can sit on an offer for 28 days according to the ABA or NALP rules.
2) The useless CDO at my school keeps telling us that we need to schedule our callbacks as soon as possible.
3) An offer comes 1-14 days after the callback.



I received an offer from a V50 firm, and they gave me 28 days from the start of my school's OCI, which doesn't start for a few weeks. Just something to think about in case you're inclined to schedule the CB sooner rather than later.

Anonymous User
Posts: 273099
Joined: Tue Aug 11, 2009 9:32 am

Re: How long do you have to accept an offer after V50 callback?

Postby Anonymous User » Tue Aug 09, 2011 11:31 pm

truevines wrote:1) I remember you can sit on an offer for 28 days according to the ABA or NALP rules.
2) The useless CDO at my school keeps telling us that we need to schedule our callbacks as soon as possible.
3) An offer comes 1-14 days after the callback.


3 is wrong, offers can come both the same day as the callback and substantially more than 14 days after. I know from firsthand experience, both happened to me from major NYC firms.

Re: number 1 - the rule is 28 days, but note a few things. First, the timer will usually run from when the firm sends you an offer letter and not when you got the offer by phone, which can be worth a few days. Second, every person I know who got an 'early' offer (mid to late August) successfully received extensions. The 28 day rule is new and firms are quite sympathetic.

To that end, you should schedule each callback as soon as possible unless it's a firm you know you don't really want and you are otherwise confident in your chances. In other words, unless you want to keep space on your schedule open for other callbacks you are likely to receive, you should be doing all you can to get to firms as quickly as possible. Offers are given out in real time at most firms, and you'll have much better odds being early in their schedule.

sonpleaseiamthelaw
Posts: 21
Joined: Fri Oct 17, 2008 6:10 pm

Re: How long do you have to accept an offer after V50 callback?

Postby sonpleaseiamthelaw » Wed Aug 10, 2011 1:04 am

Anonymous User wrote:
truevines wrote:1) I remember you can sit on an offer for 28 days according to the ABA or NALP rules.
2) The useless CDO at my school keeps telling us that we need to schedule our callbacks as soon as possible.
3) An offer comes 1-14 days after the callback.


3 is wrong, offers can come both the same day as the callback and substantially more than 14 days after. I know from firsthand experience, both happened to me from major NYC firms.

Re: number 1 - the rule is 28 days, but note a few things. First, the timer will usually run from when the firm sends you an offer letter and not when you got the offer by phone, which can be worth a few days. Second, every person I know who got an 'early' offer (mid to late August) successfully received extensions. The 28 day rule is new and firms are quite sympathetic.

To that end, you should schedule each callback as soon as possible unless it's a firm you know you don't really want and you are otherwise confident in your chances. In other words, unless you want to keep space on your schedule open for other callbacks you are likely to receive, you should be doing all you can to get to firms as quickly as possible. Offers are given out in real time at most firms, and you'll have much better odds being early in their schedule.


Hey man, thanks a lot for the help. Much appreciated.




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