V15 Partner/OCI Interviewer Answering Questions...

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itbdvorm
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Re: V15 Partner/OCI Interviewer Answering Questions...

Postby itbdvorm » Thu Sep 29, 2016 2:36 pm

Anonymous User wrote:With a mind toward maybe exiting toward a client, do you think the pharmaceutical industry's a good set of companies to work for? As a junior associate currently in a public M&A practice, it seems exciting with strong, consistent deal flow. The people within it are large public companies used to dealing with lawyers on a steady stream of mergers and acquisitions. Should I try to be getting more of these deals?


Sure. Pharma continues to be very hot.

itbdvorm
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Re: V15 Partner/OCI Interviewer Answering Questions...

Postby itbdvorm » Thu Sep 29, 2016 2:38 pm

Anonymous User wrote:I am sure this has already been answered, but at what point in your career did you know that you were tapped to be a partner? I guess the question is along the lines of, for those associates who spend 7-9 years at a firm how do you know that you are on the road to being a partner?


For me, I knew it was on the horizon very early if I stayed.

I think most people know what's possible from a relatively junior timeframe. But possible vs. likely vs. small chance is TBD as you grow

itbdvorm
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Re: V15 Partner/OCI Interviewer Answering Questions...

Postby itbdvorm » Thu Sep 29, 2016 2:39 pm

lawlorbust wrote:
Anonymous User wrote:I know there is some stuff on TLS about this, but if I'm interested in doing M+A and PE work after law school and am doing that this summer, am I crazy to still want to do a clerkship? I know some firms have gotten rid of the clerkship bonus for people going into corporate (how could I figure out if the firm I'm at is one of them?) but this is something I shouldn't be talking about with people in the group, right?


Seriously. Talk to HR.


If that's what you really want to do, I would do it. Plenty of top corporate lawyers clerked.

itbdvorm
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Re: V15 Partner/OCI Interviewer Answering Questions...

Postby itbdvorm » Thu Sep 29, 2016 2:41 pm

Anonymous User wrote:As an interviewer, what info do you have on candidates that have already interviewed with the firm before but was rejected or declined an offer? Do you have access to previous interviewers' notes, whether they were recommended a callback/offer, etc.?


not at interview stage, yes at offer stage

Anonymous User
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Re: V15 Partner/OCI Interviewer Answering Questions...

Postby Anonymous User » Thu Sep 29, 2016 2:55 pm

itbdvorm wrote:
Anonymous User wrote:I am sure this has already been answered, but at what point in your career did you know that you were tapped to be a partner? I guess the question is along the lines of, for those associates who spend 7-9 years at a firm how do you know that you are on the road to being a partner?


For me, I knew it was on the horizon very early if I stayed.

I think most people know what's possible from a relatively junior timeframe. But possible vs. likely vs. small chance is TBD as you grow



Thanks for answering. Could you expand on how it was communicated to you? Thank you.

itbdvorm
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Re: V15 Partner/OCI Interviewer Answering Questions...

Postby itbdvorm » Thu Sep 29, 2016 3:20 pm

Anonymous User wrote:
itbdvorm wrote:
Anonymous User wrote:I am sure this has already been answered, but at what point in your career did you know that you were tapped to be a partner? I guess the question is along the lines of, for those associates who spend 7-9 years at a firm how do you know that you are on the road to being a partner?


For me, I knew it was on the horizon very early if I stayed.

I think most people know what's possible from a relatively junior timeframe. But possible vs. likely vs. small chance is TBD as you grow



Thanks for answering. Could you expand on how it was communicated to you? Thank you.


In the exact way you would expect a law firm to do it - with absolutely zero binding indication of anything.

roranoa
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Re: V15 Partner/OCI Interviewer Answering Questions...

Postby roranoa » Mon Oct 10, 2016 5:56 am

Did you have to go to a lot of dinner parties and schmooze before you made partner? Or did you not have to attend that many social events in the first place?

Also, have you ever been invited to your bosses home before you made partner?

itbdvorm
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Re: V15 Partner/OCI Interviewer Answering Questions...

Postby itbdvorm » Mon Oct 10, 2016 10:14 am

roranoa wrote:Did you have to go to a lot of dinner parties and schmooze before you made partner? Or did you not have to attend that many social events in the first place?

Also, have you ever been invited to your bosses home before you made partner?


"Have to", probably not. But I did, and I believe they help tremendously.

"Boss" is the wrong term. But I had been to the home of a number of partners beforehand.

roranoa
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Re: V15 Partner/OCI Interviewer Answering Questions...

Postby roranoa » Mon Oct 10, 2016 11:52 am

itbdvorm wrote:
"Have to", probably not. But I did, and I believe they help tremendously.


How does it help exactly? Can you gives an anecdote where your schmoozing benefited you?

"Boss" is the wrong term. But I had been to the home of a number of partners beforehand.


On what occasion do the partners invite you to their home?

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A. Nony Mouse
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Re: V15 Partner/OCI Interviewer Answering Questions...

Postby A. Nony Mouse » Mon Oct 10, 2016 12:03 pm

roranoa, keep in mind that 0Ls aren't allowed to ask questions in the Legal Employment forum. Thanks.

s1m4
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Re: V15 Partner/OCI Interviewer Answering Questions...

Postby s1m4 » Tue Oct 11, 2016 1:57 pm

Thank you very much for your information!

Another question - if I have a 3.38 gpa (or something similar) and during a biglaw informational interview or introduction a partner asks for the GPA, is it fine to round up to 3.4, or should I say I have a 3.38 (assuming they will see the transcript in the future anyway)?

Thank you.

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rpupkin
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Re: V15 Partner/OCI Interviewer Answering Questions...

Postby rpupkin » Tue Oct 11, 2016 3:04 pm

s1m4 wrote:Thank you very much for your information!

Another question - if I have a 3.38 gpa (or something similar) and during a biglaw informational interview or introduction a partner asks for the GPA, is it fine to round up to 3.4, or should I say I have a 3.38 (assuming they will see the transcript in the future anyway)?

Thank you.

It would be very unusual for a lawyer to ask "what is your GPA?" during a conversation. But in the unlikely event that you are asked this question, I think it's fine to say either "3.38" or "about 3.4"

Offline
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Re: V15 Partner/OCI Interviewer Answering Questions...

Postby Offline » Sun Oct 16, 2016 9:53 pm

Not really a question but just came in to say thank you. Feels good to know there are great people willing to help us rookies in the industry.

itbdvorm
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Re: V15 Partner/OCI Interviewer Answering Questions...

Postby itbdvorm » Mon Oct 17, 2016 1:13 pm

Offline wrote:Not really a question but just came in to say thank you. Feels good to know there are great people willing to help us rookies in the industry.


Glad to be of help!

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Re: V15 Partner/OCI Interviewer Answering Questions...

Postby MaxMcMann » Thu Oct 20, 2016 11:04 am

I have a somewhat checkered work history. Before law school I was a legal secretary for a year. After that, I joined a startup that I left after three months because it became clear that I was as a poor culture fit (I have a different take on the story, but that's the most neutral way of putting it) and was genuinely worried that they would make up cause to fire me if I stuck around. Then I worked as a paralegal for an IP firm for two years. The way I got that job was by leaving the startup off my resume.

Should I do the same now? What looks worse, a four month gap or a three month stint of employment followed by a month gap?

I did leave my first legal job to resolve some rather complicated family affairs which I expected to take months to resolve (verbatim, my explanation for the gap at the time I was applying for my second job), but that was a half truth as in reality those were wrapped up within a matter of a couple of weeks.

itbdvorm
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Re: V15 Partner/OCI Interviewer Answering Questions...

Postby itbdvorm » Thu Oct 20, 2016 4:27 pm

MaxMcMann wrote:I have a somewhat checkered work history. Before law school I was a legal secretary for a year. After that, I joined a startup that I left after three months because it became clear that I was as a poor culture fit (I have a different take on the story, but that's the most neutral way of putting it) and was genuinely worried that they would make up cause to fire me if I stuck around. Then I worked as a paralegal for an IP firm for two years. The way I got that job was by leaving the startup off my resume.

Should I do the same now? What looks worse, a four month gap or a three month stint of employment followed by a month gap?

I did leave my first legal job to resolve some rather complicated family affairs which I expected to take months to resolve (verbatim, my explanation for the gap at the time I was applying for my second job), but that was a half truth as in reality those were wrapped up within a matter of a couple of weeks.


Pre-law school I don't think it matters at all. I'd fudge with quarters or seasons if you think it's really noticeable.

MaxMcMann
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Re: V15 Partner/OCI Interviewer Answering Questions...

Postby MaxMcMann » Thu Oct 20, 2016 4:48 pm

itbdvorm wrote:
MaxMcMann wrote:I have a somewhat checkered work history. Before law school I was a legal secretary for a year. After that, I joined a startup that I left after three months because it became clear that I was as a poor culture fit (I have a different take on the story, but that's the most neutral way of putting it) and was genuinely worried that they would make up cause to fire me if I stuck around. Then I worked as a paralegal for an IP firm for two years. The way I got that job was by leaving the startup off my resume.

Should I do the same now? What looks worse, a four month gap or a three month stint of employment followed by a month gap?

I did leave my first legal job to resolve some rather complicated family affairs which I expected to take months to resolve (verbatim, my explanation for the gap at the time I was applying for my second job), but that was a half truth as in reality those were wrapped up within a matter of a couple of weeks.


Pre-law school I don't think it matters at all. I'd fudge with quarters or seasons if you think it's really noticeable.


Thank you for the advice.

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Re: V15 Partner/OCI Interviewer Answering Questions...

Postby Anonymous User » Mon Oct 31, 2016 3:08 am

Do you know how a firm would feel about an applicant reneging on their SA firm to jump ship to a better firm at this point in the recruiting cycle?

Edit: both how the hiring firm would feel and how the firm getting reneged on would feel.

itbdvorm
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Re: V15 Partner/OCI Interviewer Answering Questions...

Postby itbdvorm » Mon Oct 31, 2016 3:34 pm

Anonymous User wrote:Do you know how a firm would feel about an applicant reneging on their SA firm to jump ship to a better firm at this point in the recruiting cycle?

Edit: both how the hiring firm would feel and how the firm getting reneged on would feel.


Not great. But it's your life.

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Re: V15 Partner/OCI Interviewer Answering Questions...

Postby Anonymous User » Mon Oct 31, 2016 3:49 pm

I'll be an SA at a V10 in a major market this summer in the corporate/transactional group. I did a 1L SA at a large firm in a secondary market last summer and although I learned a lot, the deals I worked on there were far smaller and less complicated/noteworthy. I don't have a huge business background (poli sci undergrad) but I'm taking commercial transactions and other corporate focused classes during 2L, which seem to be helping me build my base awareness of business deals.

However, I want to make sure that I don't ever feel lost when working on a deal because I'm encountering a new business concept (i.e., leveraged buyout or hostile takeover). Most of the work I'll be doing at the V10 will be private equity work and I doubt I'll touch a public deal, if that information helps.

What's the best thing I should be doing to prepare myself to hit the ground running and make sure that my business acumen is where I need/want it to be?

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Eldon Tyrell
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Re: V15 Partner/OCI Interviewer Answering Questions...

Postby Eldon Tyrell » Mon Oct 31, 2016 8:54 pm

Anonymous User wrote:I'll be an SA at a V10 in a major market this summer in the corporate/transactional group. I did a 1L SA at a large firm in a secondary market last summer and although I learned a lot, the deals I worked on there were far smaller and less complicated/noteworthy. I don't have a huge business background (poli sci undergrad) but I'm taking commercial transactions and other corporate focused classes during 2L, which seem to be helping me build my base awareness of business deals.

However, I want to make sure that I don't ever feel lost when working on a deal because I'm encountering a new business concept (i.e., leveraged buyout or hostile takeover). Most of the work I'll be doing at the V10 will be private equity work and I doubt I'll touch a public deal, if that information helps.

What's the best thing I should be doing to prepare myself to hit the ground running and make sure that my business acumen is where I need/want it to be?


There's nothing you can do. You will 100% not know everything you'd like to know. Just have a good attitude and ask questions when appropriate. Also don't miss deadlines and attend social events, without gaining a reputation for being a weirdo.

itbdvorm
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Re: V15 Partner/OCI Interviewer Answering Questions...

Postby itbdvorm » Thu Nov 03, 2016 9:24 am

Eldon Tyrell wrote:
Anonymous User wrote:I'll be an SA at a V10 in a major market this summer in the corporate/transactional group. I did a 1L SA at a large firm in a secondary market last summer and although I learned a lot, the deals I worked on there were far smaller and less complicated/noteworthy. I don't have a huge business background (poli sci undergrad) but I'm taking commercial transactions and other corporate focused classes during 2L, which seem to be helping me build my base awareness of business deals.

However, I want to make sure that I don't ever feel lost when working on a deal because I'm encountering a new business concept (i.e., leveraged buyout or hostile takeover). Most of the work I'll be doing at the V10 will be private equity work and I doubt I'll touch a public deal, if that information helps.

What's the best thing I should be doing to prepare myself to hit the ground running and make sure that my business acumen is where I need/want it to be?


There's nothing you can do. You will 100% not know everything you'd like to know. Just have a good attitude and ask questions when appropriate. Also don't miss deadlines and attend social events, without gaining a reputation for being a weirdo.


All true. But you can try some reading beforehand.

Barbarians at the Gate is a must-read. Sure, they barely mention the lawyers, but an understanding of all the cool stuff happening above you helps.

I'd also start reading Dealbreaker and WSJ reasonably regularly. Maybe subscribe to Dealbook or PEwire (they're free) just to skim stuff. Or Matt Levine (Bloomberg)'s "Money Stuff". All useful, and when you don't understand something, look it up.

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Re: V15 Partner/OCI Interviewer Answering Questions...

Postby Anonymous User » Thu Nov 03, 2016 2:00 pm

Hello. I went from a small firm to insurance defense biglaw firm after gaining 1 yr lit exp. This ID firm is not working out for me and I am looking for a way out. As a junior with 1 yr of lit exp, how can I minimize red/yellow flags for having 2 month of experience in this ID firm on my resume? What can I do to at least get a look beyond the short stint?

itbdvorm
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Re: V15 Partner/OCI Interviewer Answering Questions...

Postby itbdvorm » Sun Nov 06, 2016 2:49 pm

Anonymous User wrote:Hello. I went from a small firm to insurance defense biglaw firm after gaining 1 yr lit exp. This ID firm is not working out for me and I am looking for a way out. As a junior with 1 yr of lit exp, how can I minimize red/yellow flags for having 2 month of experience in this ID firm on my resume? What can I do to at least get a look beyond the short stint?


Well, you can't. You should stick it out as long as you can...

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Re: V15 Partner/OCI Interviewer Answering Questions...

Postby Anonymous User » Mon Nov 07, 2016 2:09 pm

itbdvorm wrote:
Anonymous User wrote:Hello. I went from a small firm to insurance defense biglaw firm after gaining 1 yr lit exp. This ID firm is not working out for me and I am looking for a way out. As a junior with 1 yr of lit exp, how can I minimize red/yellow flags for having 2 month of experience in this ID firm on my resume? What can I do to at least get a look beyond the short stint?


Well, you can't. You should stick it out as long as you can...


I know I am making a drastic change so early on and it is ill advised. But it has to be done and I am trying to figure out how to minimize the damage or at least communicate that I am not a hopper. I have a 2 yr and 4 yr job pre-law to prove I am loyal.

Could I leave this firm out of my resume entirely? I might be able to reach out to my previous boss to do some contract work for him to keep the old firms name on my resume to close the 2 month gap.




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