f0bolous wrote: rayiner wrote: Anonymous User wrote:
Anonymous User wrote:Chances are you will only be at the big firm for 3-5 years. Might as well go to the V10 one so you have better exit options.
No. If the V100 is the top dog in the secondary market, his/her exit options in that market would likely be better. In the south, for example, no one will be super impressed that you used to work at Cravath or SulCrom, much less STB.
Southern firms are full of partners that started at V25s.
not saying that it's impossible, but working a few years at a NYC V10 doesn't really give an advantage over working at K&S or A&B if you're looking to lateral or go in-house in Atlanta. In fact, being at K&S or A&B will likely give you better networking opportunities (which are probably more important than firm prestige).
If you're looking to make partner at A&B sure. If you're looking to make partner somewhere, not necessarily.
A lot of people have this illusion that partnership is entirely dependent on your "book." That's silly, because very few associates at any V100 have a book. Partners are promoted mostly based on cultivating contacts with existing clients, potential for business development, and timing. The latter is hugely helped by being at a big NYC firm, because you're a credible lateral to any market where an opportunity might arise. Lots of partners got made in the 1990s and early 2000s as secondary market firms poached experienced senior associates from big NYC firms to expand their NYC presences. These folks weren't recruited for their rainmaking ability - they were recruited because they had the skills to help the firms existing clients in the NY market working on financial matters.
There is also the risk management angle. What happens when you don't make partner? Coming from STB you'll be a credible lateral candidate anywhere in the country. At the secondary market firm, you'll have strong leverage only in that market. This is really important because if you're up for partnership during a downturn in that market, you could be really screwed. Other firms in the market will probably be facing similar problems. If you've got national mobility you can at least look for better options in another market. The Atlanta legal market, for example, has suffered particularly badly even as others have recovered. While starting at A&B will give you great options in Atlanta, it won't give mobility to say CA.
That said, litigation is probably an entirely different can of soup. The above discussion is probably not applicable.