Anonymous User wrote:wiseowl wrote:$1,000 is somewhere between 5 and 7 billed hours.
So if you billed 2,005 or 2,007 hours:
If you billed anymore than that: LOLOLOL at you
That's the thing. People go to these firms and might justify the prestige by thinking that the bonus will make sense if they don't go above 2,200 hour or some nonsense like that. Problem is that you will almost certainly bill more than 2,400 hours at these firms, and if you do, you might as well go to Boies, Susman, K&E, Quinn, etc., because you're going to be much more well compensated. I get that three of those firms don't really have decent corporate groups, but K&E's is quite good. You might end up doing more middle market deals than those massive $40 billion megadeals, but (a) when are the latter deals happening ITE? and (b) given the amount of diligence and shitwork involved in the latter, why would you not want to do the former?
Those are just my two cents. I'm being a little glib and facetious... choosing a firm isn't that simple. Some people just fit in better at other firms, but the $$$ point always gets me. And believe me, when you're paying taxes, rent, and your loans and you're seeing your monthly $$$ disappear so quickly, you're going to regret choosing those prestige points.
You think that Boies, Susman and Quinn aren't prestigious. huh. I know Quinn has detractors, but I still thought people considered them to be good lawyers. I know people think Quinn makes money because they have no solid support staff, but I have no clue what the real story is with them.
You cant assume that people who are working for Sullivan and Cromwell wanted to work at those firms or that they had offers at those firms.